In what year did the US Treasury lose its ability to coin money and regulate the value of America's money?

Question

The US Treasury usurpted its constitutional authority to coin and regulate the value of Americas money, in violation of the US Constitution Article 1, Sec. 8,10

Answer 1

The US Treasury through the US Mint still coins money. I understand your question. The Federal Reserve System was born in 1913 at which time Congress delegated their constitutional authority to produce and regulate the money supply over to a group of private bankers. Since that time the dollar has depreciated by 96% due to the overproduction of dollars by the FED which has resulted in the inflationary tendencies which are a constant threat to our economy. A 1913 dollar is worth four cents today.

Answer 2

Per Article I, Section 8 the power to coin money and regulate its value is given to Congress, not the U.S. Treasury.

Congress has never lost this power; however, the regulation of the value of money has been in the hands of market traders and central banks since 1971 when the U.S. abandoned the gold standard. By adopting a floating exchange rate (i.e. abandoning active regulation of the value of money), it is possible for the central bank to fix interest rates and it permits the free flow of capital.

Were Congress to actively return to a policy of regulating the value of money, it would need to either (a) establish currency controls restricting the flow of capital or (b) let the market set interest rates.

Answer 3

The US Mint is a division of the United States Treasury created by Congress in 1792.

Answer 4

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