Louisiana Bill Would Make Gold and Silver Legal Tender in the State (that's the 5th in the U.S)
(blog.tenthamendmentcenter.com)
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At some point it would have to be aligned to the actual silver content of any coin, ingot, or round. Some are 99.999% silver but can be in troy ounces or Imperial ounces. Then you have so-called "junk silver" (of which I have quite a bit) in the form of US silver coins dated 1964 and earlier...these are 90% silver and have held their value over the years.
So how would a merchant know how to evaluate the different silver items that came his way in transactions? It's hard to say right now, but if we ever got to a barter economy and the currency was dead, I'm reasonably sure that a standard would arise in the marketplace.
I was wondering about that also.
I also have both.
Agreed.
I also like “junk silver” US coins for their unusual property: the US Gummint can only ever value the coins at face value. But you have no such restriction.
This is how you buy a car for “$15”. And pay property tax on $15. :)
That's the plan!