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RE: COINS: SYMBOLS OF LIBERTY OR TYRANNY

in #money7 years ago (edited)

Very interesting. I had never paid attention to the symbolism on the coins I use on a regular basis. Does the switch to hero worship coincide with the coins losing their basis in silver and becoming base metals hardly worth the metal they are made of? @Lahvista

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This subject really needs more space than this forum provides. The US used a bi-metal system for many years, coins in both solid gold and silver. The gold coins were eliminated in 1933 under FDR. The silver was removed later. Today all US coins are worthless tokens. Paper currency used to be called either gold or silver certificates "redeemable to the bearer on demand" at any bank in gold or silver, the note merely being a receipt. Today paper currency (fiat) represents nothing but faith.