No, states in the United States are explicitly prohibited from coining money by the US Constitution . Article I, Section 10, Clause 1 states, “No State shall… coin Money”.
This power is reserved exclusively for the federal government. Article I, Section 8, Clause 5 of the Constitution grants Congress the power “To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures”. The Supreme Court has upheld Congress’s exclusive authority over currency, including the power to regulate all aspects of the monetary system.
Are states allowed to coin money?
Good point! 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 …
Do State governments regulate the coining of money?
Thanks for asking. Only the federal government can coin money, regulate the mail, declare war, or conduct foreign affairs.
What does the Constitution say about power to coin money?
Article I, Section 8, Clause 5: [ The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures ; . . .
Can the national government print and coin money?
Good point! The Constitution grants Congress authority over the currency of the United States, encompassing the powers to mint money and determine its value. Additionally, Congress has the authority to establish banks and manage the circulation of money.