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Word Origin and History for coinage Expand. n. late 14c., currency, money, from Old French coignage, from coignier to coin (see coin (n.)). Meaning act or proces of coining money is from early 15c.; sense deliberate formation of a new word is from 1690s, from a general sense of something invented (c.1600).
However, the dollar's constitutional meaning has remained unchanged through the years (see, United States Constitution). Silver was mostly removed from U.S. coinage by 1965 and the dollar became a free-floating fiat currency without a commodity backing defined in terms of real gold or silver. The US Mint continues to make silver $1-denomination coins, but these are not intended for general circulation.