Unit 6 P2

Unit 6 P2

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Constitution provides that Congress has the power "[t]o coin money. Code , under Section , which prescribes the forms in which the United States dollars should be issued. Section also provides for the minting and issuance of other coins, which have values ranging from one cent U. Penny to dollars. Article I, Section 9 of the Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time," [13] which is further specified by Section of Title 31 of the U. The Coinage Act[ edit ] In , the U. Congress passed the Coinage Act , of which Section 9 authorized the production of various coins, including: [16] Dollars or Units—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver. Unit 6 P2.

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