Are quarters and dimes "money"?

[planetmark]

Sorry if this sounds absurd... been caught up in the "define a dollar" and "what is money" discussion lately, and suddenly thought "is a quarter or a dime real money?" It's not a "note" like the FRN. How are modern coins classified?

They are classified by the government as 'legal tender' and do have an intrinsic value of metal content.

[masterduke]

I remember when they started to issue those "sandwich" coins back in the mid 60's and they have gotten even more useless and cheaper ever since.

[idknow]

Originally Posted by masterduke

I remember when they started to issue those "sandwich" coins back in the mid 60's and they have gotten even more useless and cheaper ever since.

the technical term by numismatists is that the coins are "clipped"

they have no valuabel content, they are sandwiched metals, not silver, gold nor copper;

they are "bus tokens"

[charlesa6]

Originally Posted by masterduke

I remember when they started to issue those "sandwich" coins back in the mid 60's and they have gotten even more useless and cheaper ever since.

Yep!!! Absolutely right!

[NarrowPathPilgrim]

Originally Posted by planetmark

Is a quarter or a dime real money?

Yes, Quarter Dollars and a Dismes are real money, but what most people call "Quarters" and "Dimes" are just pieces of worthless metal.
Here are the true definitions, per the Coinage Act of 1792.

• Eagles—each to be of the value of ten dollars or units, and to contain two hundred and forty-seven grains and four eighths of a grain of pure, or two hundred and seventy grains of standard gold.
• Half Eagles—each to be of the value of five dollars, and to contain one hundred and twenty-three grains and six eighths of a grain of pure, or one hundred and thirty-five grains of standard gold.
• Quarter Eagles—each to be of the value of two dollars and a half dollar, and to contain sixty-one grains and seven eighths of a grain of pure, or sixty-seven grains and four eighths of a grain of standard gold.
• Dollars or Units—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenths parts of a grain of pure, or four hundred and sixteen grains of standard silver.
• Half Dollars—each to be of half the value of the dollar or unit, and to contain one hundred and eighty-five grains and ten sixteenth parts of a grain of pure, or two hundred and eight grains of standard silver.
• Quarter Dollars—each to be of one fourth the value of the dollar or unit, and to contain ninety-two grains and thirteen sixteenth parts of a grain of pure, or one hundred and four grains of standard silver.
• Dismes—each to be of the value of one tenth of a dollar or unit, and to contain thirty-seven grains and two sixteenth parts of a grain of pure, or forty-one grains and three fifths parts of a grain of standard silver.
• Half Dismes—each to be of the value of one twentieth of a dollar, and to contain eighteen grains and nine sixteenths parts of a grain of pure, or twenty grains and four fifths parts of a grain of standard silver.
• Cents—each to be of the value of one hundredth part of a dollar, and to contain eleven penny-weights of copper.
• Half Cents—each to be of the value of half a cent, and to contain five penny-weights and a half a penny-weight of copper.

Sincerely, Zach Doty

[Shoonra]

The Coinage Act of 1792 no longer exists. It started getting amended - on the metallic measurements of various coins - within a very few years, and by 1872 the only portion that remained on the books was the decimal system of currency (including "dismes").

When Title 31 of the US Code was revised and enacted as positive law, even that was replaced by a similar section that had modern spelling ("dimes").

[kmcarr]

Originally Posted by Rothbard

To accomplish this goal, the Jacksonians set about to establish
a comprehensive program. As one vital step, one of the
Coinage Acts of 1834 readjusted the old mint ratio of 15-to-1
that had undervalued gold and driven it out of circulation.

page 105 of the attatched text.

Originally Posted by Shoonra

The Coinage Act of 1792 no longer exists. It started getting amended - on the metallic measurements of various coins - within a very few years

Now I dont know about corporate policy Title 31 ect,ect, but this attached text shows very clearly the chaos that results from private commercial banking interests controling national fiat paper. CHAOS with the common man getting trampled on. When Jackson was able to get back to "hard money" the country prospered, real prosperity and stability, not the accounting and statistical kind. Enter the War between the States and viola another paper currency to pay the illegal war -debts of the Union. Wilson also cited a call from the people for an elastic currency when enacting the FED RESERVE. A call from whom I ask, bankers, the ones who know how to create a lot of wealth without breaking ground.

[hooded50]

The U.S. Constitution requires that lawful money consists only of gold and silver coins.

Neither gold or silver coins exist today, so there is no "lawful" money. However, the general term "money" is defined as "any medium of exchange". If I trade you my red pen for your blue pen, my red pen technically just became "money".

Federal Reserve Notes are defined as "...obligations of the United States..." pursuant to 12 USC 411. In essence, Federal Reserve Notes are "promissory notes" issued by the United States. Study HJR-192 in order to understand the difference between "paying" and "discharging" a debt. Since there is no lawful "money", debts cannot be "paid", but must be "discharged".

[rottweiler]

Originally Posted by Shoonra

The Coinage Act of 1792 no longer exists. It started getting amended - on the metallic measurements of various coins - within a very few years, and by 1872 the only portion that remained on the books was the decimal system of currency (including "dismes").

When Title 31 of the US Code was revised and enacted as positive law, even that was replaced by a similar section that had modern spelling ("dimes").

Wrong! Anything repugnant to the constitution is null and void. The phony emergency to make bills of credit into legal tender is fraud. You know the truth and yet you willfully lie about it. You are a piece of $hit dangerous to all. You will go down in value same as the fiat.

U.S. Constitution
Article 1
Section 10

No state shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

A state is any jurisdiction with taxing authority.

Paper money is a babylonian scam for the benefit of the government and the power behind the government....organized criminals who worship lucifer.