Comment: Good Video By Mr. Rivero, But I'd Like To Add A Few Things.

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Good Video By Mr. Rivero, But I'd Like To Add A Few Things.

The original 13 colonies did issue their own paper money, but Spanish milled dollars were used also, well into the 1800's:

http://www.historylives.com/everydaylife.htm

Hence, the words in Article I section 8 of the U.S. Constitution:
{Excerpt}; The congress shall have the power to;...
Coin money, regulate the value thereof, and of "Foreign" coin. {reference Spanish milled Silver dollars}

In 1792 the U.S. Coinage act was passed into law:

http://www.constitution.org/uslaw/coinage1792.txt

This act made Silver/Gold/ and Copper "COINS" the people's money of the U.S.
Placer Gold was also used as money in the Western states.

I have a modern coin book called, U.S. coin prices, that lists the current estimated value of old and new U.S. minted coins.

Congressman Roger Sherman from Connecticut, was credited with adding the "Nothing but Gold and Silver "COIN" a tender in payment of debts" in section 10 of the Constitution:

http://www.scribd.com/doc/44754604/Roger-Sherman-A-Caveat-Ag...

Please pass this on if you find it interesting.

beesting