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V19 2016 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 19, Number 1, January 3, 2016, Article 24

MORE ON 'WHAT ARE TOKENS?'

Ron Thompson writes:

I’m not a lawyer but I decided to check the reference to the Constitution in the What are Tokens article. The preceding two sentences in the article say ” In the United States, tokens cannot have any indication nor appear to be issued by the United States. This may include not using the words “United States” and indicating a denomination.” The reference to Clause 1 is all about what states may or may not do. It is silent about individuals and private entities.

Clause 1 says “No state shall enter into any treaty, alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything 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 of nobility.” There is no specific reference to not using the words United States or indicating a denomination. Over time and through various court cases I’m sure something like what the article said probably has evolved (haven’t most of us seen tokens with denominations on them?) but it is clearly the author’s opinion of the current situation. To reference the Constitution is misleading.

Duane H. Feisel writes:

A very shallow and essentially worthless article!

Thanks, everyone. I thought the general tone of the article was appropriate for the audience (the general public and new collectors), but I agree that it went overboard in citing the Constitution, and could be far more accurate on the numismatics. E-Sylum readers are a sharp bunch, and nothing much gets past them. -Editor

To read the earlier E-Sylum article, see:
WHAT ARE TOKENS? (www.coinbooks.org/esylum_v18n52a17.html)

Kraljevich E-sylum ad22 Mickley


Wayne Homren, Editor

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To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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