12 usc 415

[David Merrill]

Aside from industrial and ornamental usage and its de facto universal acceptance, what value is gold or silver?
You can't eat it. It gets heavy after a few ounces.

The true value, I assert, of gold and silver specie is its de facto universal acceptance for commerce and exchange, not its "intrinsic value".

The simple facts are difficult to argue. I can eat small pieces of gold though. I just have never done it.

So I may be getting your point incorrect.

I have spent a little time and believe that fiat began in America post-Constitution in around 1815 - the War of 1812 Era it is called. So I still believe it is Emergency-based but have proposed for a while that it was 1861, that Emergency. I was trying to find somebody who could show me differently with that assertion and finally got some better information.

The American Numismatic Association - the exhibits are - Money of the Civil War and The History of Money.