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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 Emma Silver Mine is a currently inactive silver mine near Alta, Utah, in the United States.The mine is most noted for an attempt in 1871 by two American business promoters, including Senator William M. Stewart and James E. Lyon, to make a profit by promoting the depleted silver mine to British investors.
It eventually produced fifty million dollars' worth of silver and lead. By the time of Hearst's death in 1891, the Ontario mine had paid him more than $12 million in dividends. This was only one of the four big mines he had bought shares in and that were located in the West, including the Ophir on the Comstock Lode , the Homestake Mine (South ...
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 ...
The beginning of silver mining was delayed in Utah, due to its remote location. The completion of the transcontinental railroad spurred prospecting in Utah, and led to major silver discoveries. The first mining claim in the Park City district was staked in 1868, and the first ore shipment made in 1871. Prominent mines included the Flagstaff ...
Silver markets fell significantly during the trading session on Tuesday, breaking below the $15.00 level. However, we have seen buyers jump back into the market and push to the upside.
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