''Is Silver Money?''

From Financial Sense
By Ryan Jordan

''I’ll answer my own question again in the affirmative. I just recently received an old silver quarter as change when making a purchase (much to my surprise), and U.S. silver eagle coins are still treated as legal tender (however, they can normally only be used for their face value, not their bullion content, though this may be changing). If we go back further in history, according to Article 1 Section 10 of the U.S. Constitution, gold and silver are the only items states should recognize as money, and the first American dollar was made of silver. Leaving American shores, according to Jerome Smith, 51 countries use a word for money that is the same as the word for silver. Two notable examples include “plata” in Spanish and “argent” in French. Most dictionaries refer to money as being standard, divisible, portable, and indestructible. By this definition, silver certainly counts as money.''

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