LOGO
General Discussion Undecided where to post - do it here.

Reply to Thread New Thread
Old 12-24-2011, 11:12 PM   #21
Enrivaanonock

Join Date
Oct 2005
Posts
531
Senior Member
Default
Money is coin. That's why it is in circulation. So they can say that there is money in circulation. Notes are not money. They are "notes". Often times it is recorded as a specie of money but they are a debt instrument which makes them a promise which makes them a note. I think the UCC claims the specie thing several times. I don't recall what the constitution says about it. In Australia only Gold and Silver are money and the States can only COIN money although under the constitution of Aus they are barred from "coining money".

There is no real gold or silver in ciruculation here of course but like most places our coins are either gold coloured or silver coloured. That annoys me when people say gold or silver is not money and I say, why do your coins look like their are gold or silver then?
Enrivaanonock is offline


Old 12-25-2011, 12:46 AM   #22
orillaVar

Join Date
Oct 2005
Posts
544
Senior Member
Default
I get the dollar coins in change when I buy a pass to ride the light rail here in phoenix. I rarely see them otherwise.
orillaVar is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 12:13 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity