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The authority over U.S. coinage is established in the Constitution (Article I, Section 8), which gives Congress the power "to coin Money, regulate the Value the
by 42772827 2y ago
The authority over U.S. coinage is established in the Constitution (Article I, Section 8), which gives Congress the power "to coin Money, regulate the Value thereof." Any major changes to U.S. currency, including eliminating a denomination, must go through Congress.
- milesrout 2y ago>“The Secretary of the Treasury shall,” Section 5111 reads, “mint and issue” denominations of coins “in amounts the Secretary decides are necessary to meet the needs of the United States.”