Which states allow gold and silver as legal tender

HalfDime · March 16, 2025 8:45PM

which states allow gold and silver as legal tender

Several states in the United States have passed legislation recognizing gold and silver as legal tender. As of March 2025, the states that allow gold and silver as legal tender are:

Utah: The first state to declare US-minted gold and silver coins as legal tender through the Utah Legal Tender Act passed on March 10, 2011
Louisiana: Passed H.B. 682, making it the second state to eliminate sales tax for gold and silver currency and bullion
Oklahoma: Signed Senate Bill 862 into law on June 4, 2014, recognizing gold and silver US-minted coins as legal tender and exempt from state taxation
Texas: Introduced SB2097 in March 2017, aimed at establishing legal tender status for gold and silver
Arizona: Passed HB2014, which allows gold and silver as legal tender
Arkansas: Passed Bill 1718, recognizing gold and silver as legal tender
Missouri: Recently introduced new bills to remove state capital gains taxes on precious metals

It's worth noting that while these states have passed legislation recognizing gold and silver as legal tender, the practical implementation and widespread use of precious metals for transactions may still be limited. Additionally, many other states have taken steps to encourage the use of precious metals by eliminating sales taxes on gold and silver coins, with 43 states having done so as of early 2025.

derryb · March 16, 2025 10:21PM

Federal gov declared its gold and silver coins legal tender when they stamped a dollar value on them

RedneckHB · March 17, 2025 4:57AM

I accept all gold and silver at face value.

Baysideuph · May 4, 2025 1:27PM

Never happens at my business but would without hesitation accept.

PerryHall · May 4, 2025 1:46PM

@Baysideuph said:
Never happens at my business but would without hesitation accept.

I would also accept ASE's and AGE's at their full face value for payments without any hesitation whatsoever.

TwoSides2aCoin · May 7, 2025 7:52AM

I treat silver and gold as such, in Nebraska. In fact I sold $20,000 in gold American eagles in 2022 (12.2 oz ) to a couple. Fast forward 3 years: bought it back last month for $36.8k. So what is the melt value of the gold today ? Five weeks later ?
It is a trade and used by weight , not denomination. Face value $610.00 : $50 gold eagles (8) $25 Gold eagles (6) one tenth oz $5 eagles (12).

Current value : $41,270.00. Seems legal tender to us.

TwoSides2aCoin · May 7, 2025 9:39AM

Oh, and that couple was going from a class C to a Class A motorhome. Today, I met a man who sold me 120 ounces in silver rounds he bought at $20 per oz and sold for $32. He had me write the check to an auto repair biz for a motor in his wife’s car. Too bad the mechanic and motor home salesmen do not understand real money. They’d be further on down the road.

BearlyHere · May 7, 2025 9:45AM

I think there are 26 now.

blitzdude · May 7, 2025 1:30PM

@TwoSides2aCoin said:
Oh, and that couple was going from a class C to a Class A motorhome. Today, I met a man who sold me 120 ounces in silver rounds he bought at $20 per oz and sold for $32. He had me write the check to an auto repair biz for a motor in his wife’s car. Too bad the mechanic and motor home salesmen do not understand real money. They’d be further on down the road.

My GLD and SLV basically did the same thing and with a whole lot less hassle. Actually, it did better because it allowed me to quickly get in and out, to play the swings so to speak. I believe my mechanic to be heavily invested in the market as well (S&P500). RGDS!

TwoSides2aCoin · May 7, 2025 1:59PM

@blitzdude said:

@TwoSides2aCoin said:
Oh, and that couple was going from a class C to a Class A motorhome. Today, I met a man who sold me 120 ounces in silver rounds he bought at $20 per oz and sold for $32. He had me write the check to an auto repair biz for a motor in his wife’s car. Too bad the mechanic and motor home salesmen do not understand real money. They’d be further on down the road.

My GLD and SLV basically did the same thing and with a whole lot less hassle. Actually, it did better because it allowed me to quickly get in and out, to play the swings so to speak. I believe my mechanic to be heavily invested in the market as well (S&P500). RGDS!

So you trade your GLD for money to pay your mechanic ….and you both like paper. Thats cool. However money moves.

blitzdude · May 7, 2025 2:58PM

No, I pay my mechanic from the money I earn through my salary. I trade the GLD and use that money to make more money....stocks, bonds, btc whatever. Real money. THKS!

TwoSides2aCoin · May 7, 2025 5:04PM

Yeah…. Real money. What honest people recognize.

blitzdude · May 8, 2025 4:50AM

@TwoSides2aCoin said:
Yeah…. Real money. What honest people recognize.

I got some of those too. RGDS!

And some of these.

And some of these. REAL $MoNeY$. THKS!!

asheland · May 9, 2025 11:26PM

@blitzdude said:

@TwoSides2aCoin said:
Yeah…. Real money. What honest people recognize.

I got some of those too. RGDS!

And some of these.

And some of these. REAL $MoNeY$. THKS!!

After several years of hesitation, I have finally dipped my toe in the pool of crypto.

Which states allow gold and silver as legal tender

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