Lake Shore Gold Corporation (LSG)

[gharma]

Gold and silver were such a powerful money during the founding of the united states of America that the founding fathers declared that only gold or silver coins can be 'money' in America.

For veracity's sake I am driven to state that that is not true.
The ratio of metal to be used in the different denominations were defined, and these included that amount of copper in the cent and half-cent. So the original definitions of the legal coinage specified the use of only copper, silver, and gold. At the time all higher denominations were of silver or gold, but these metals were is such short supply that the Spanish pieces of eight were the most widely used coin in early America. The first dimses and half dimses (yes they used an s in the spelling of dime then, and yes instead of nickels there were rather small half dimses) were minted mostly only due the sacrifice of her household silver by Martha Washington.
FYI