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The Utah Legal Tender Act, passed March 10, 2011, recognizes gold and silver coins issued by the United States [1] as legal tender in the state of Utah. [2] This includes allowing the state of Utah to pay off debts in gold and silver and allowing individuals to transact in gold and silver coins without paying state capital gains tax, [3] among other provisions. [4]
The plaintiffs in all cases received paper money, instead of gold, despite the contracts' terms. The contracts and the bonds were written precisely to avoid currency debasement by requiring payment in gold coin. The paper money which was redeemable in gold was instead irredeemable based on Nortz v. United States, 294 U.S. 317 (1935).
In addition to the two engraved signatures customary on United States banknotes (the Register of the Treasury and Treasurer of the United States), the earlier issues of Gold certificates (i.e., 1865, 1870, 1875, and some 1882) included a third signature of one of the Assistant Treasurers of the United States (in New York or Washington, D.C.). [14]
Kansans could start using gold and silver as currency to cover debts, taxes and state fees if the Kansas specie legal tender act is passed. Twenty-seven Kansas representatives sponsored the bill ...
Earlier this year, the Utah state legislature passed a law making gold and silver coins legal tender. Now, a Salt Lake City-area numismatist hopes to set up a system that will allow Utahans to use ...
Clear Water Hours Tampa, Florida (2012 - Current) (Inactive) Tampanio Tampa, Florida (a proposed currency based on the BerkShares Model for Tampa, Florida and surrounding communities) (Inactive) Georgia
The Goldback is a fractional gold commercial product marketed as a local currency which has seen limited use in some U.S. states, and sold and marketed by Goldback, Inc. of Utah. The Goldback contains a thin layer of gold within a polymer coating equivalent to 1/1000 of an ounce. [1]
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds . [ 3 ] [ failed verification ] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce , but some bullion coins are produced in very limited ...
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