Saint Louis, MO asked in Civil Rights and Constitutional Law for Missouri

Q: Constitution says the only legal tender is gold and silver to pay off debt but Banking Act of 33 took gold, so what now?

It's probably unorthodox to ask bc I'm not seeking legal advice but I have a paper due this week and our History teacher wants us to write our meaning of Thanksgiving Day so I dug into our founding fathers, read the constitution, and saw that (My question in forum) Ive always wanted to become an attorney when I grew up bc I want to help people, it's a good living, and I like to work hard so I thought I might ask.. thanks and sorry if it's inappropriate

1 Lawyer Answer
Ronald J. Eisenberg
Ronald J. Eisenberg
  • Consumer Law Lawyer
  • Chesterfield, MO
  • Licensed in Missouri

A: Here's something to ponder. In Missouri, if you owe someone 15 bucks, the person doesn't need to accept payment via a bag of nickels.

408.010. The silver coins of the United States are hereby declared a legal tender, at their par value, fixed by the laws of the United States, and shall be receivable in payment of all debts, public or private, hereafter contracted in the state of Missouri; provided, however, that no person shall have the right to pay, upon any one debt, dimes and half dimes to an amount exceeding ten dollars, or of twenty and twenty-five cent pieces exceeding twenty dollars.

After you get your law degree, perhaps you could make your mark by challenging this state statute.

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