U. S. Mint to Promote "New Currency" in Four Cities

The United States Mint has announced a campaign beginning this month in four American cities "to encourage regular use of the $1 Coin." The four cities are "Austin, Texas; Grand Rapids, Michigan; Portland, Oregon; and Charlotte, North Carolina".

Unfortunately, the "$1 Coin" being promoted in this campaign is the so-called "Presidential $1 Coin" which is struck from an alloy of scrap-yard metals; specifically copper, zinc, manganese, and nickel.

The residents of the aforementioned four cities would do well to remember, when confronted with the propaganda promoting this "new currency", that the only genuine United States $1 coin is the "standard silver dollar" containing 371.25 grains Troy of pure silver as referenced in the Constitution and codified in the Coinage Act of 1792. Anything else is not a "dollar". (Watch Our American Money for a brief presentation of the relevant history.)

Short of amending the Constitution -- which has not been done in this regard -- the idea that Congress can redefine the dollar is as absurd as the idea that it can redefine the inch, pound, gallon, or any other common unit of measure.

At the risk of overstating the case (Can one really overstate a case when it seems so few are listening?), it's long past time for Americans to tell their employees in government that they've had enough of this junk-that-passes-for-money and demand a return to the genuine article. No more paper! No more pot-metal! Just silver and gold coin as intended by our nation's Founders.

Then -- and only then -- will we be in a position to rebuild our economy on a solid foundation and experience real prosperity once again.

To read the Mint's press release, click on the link below:

http://www.usmint.gov/pressroom/index.cfm?action=press_release&ID=944