Maxim 1.5.139
The right of coining money is comprehended amongst those rights of royalty which are never separated from the kingly sceptre.
Monetandi jus comprehenditur in regalibus quae nunquam a regio sceptro abdicantur.
Source: Dav. 18; Jackson
Difficulty 2/5 — Approachable
Explanation
The power to coin money is a sovereign prerogative that cannot be delegated away — in the American system, this power is vested exclusively in Congress by Article I, Section 8.
Where this applies
- A private entity tries to issue its own currency.
- A company creates a monetary instrument and claims it has legal tender status.
Legal domains
Cite this maxim
NeCede Max. 1.5.139 — The right of coining money is comprehended amongst those rights of royalty which are never separated from the kingly sceptre. — Dav. 18; Jackson (Monetandi jus comprehenditur in regalibus quae nunquam a regio sceptro abdicantur.)
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