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<p>[QUOTE="Conder101, post: 1178633, member: 66"]It's difficult to speak intelligently on the issue without knowing what the specific language in the Utah bill is/was. From listening to those two I suspect they do not know what the bill actually says either.</p><p><br /></p><p>You are correct that US gold and silver coins have always been legal tender (With the exception of the Trade dollar for awhile). Now if the bill simply states that gold and silver coins will be recognized as legal tender then it is a piece of meaningless legislation. My understanding of most of these proposed laws is that it will permit gold and silver coins to be accepted as legal tender AT THEIR BULLION VALUE.) In other words if you brought in silver coins with a bullion value of 28X face to pay your taxes they would be accepted as a legal tender payment at 28X their face value.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1178633, member: 66"]It's difficult to speak intelligently on the issue without knowing what the specific language in the Utah bill is/was. From listening to those two I suspect they do not know what the bill actually says either. You are correct that US gold and silver coins have always been legal tender (With the exception of the Trade dollar for awhile). Now if the bill simply states that gold and silver coins will be recognized as legal tender then it is a piece of meaningless legislation. My understanding of most of these proposed laws is that it will permit gold and silver coins to be accepted as legal tender AT THEIR BULLION VALUE.) In other words if you brought in silver coins with a bullion value of 28X face to pay your taxes they would be accepted as a legal tender payment at 28X their face value.[/QUOTE]
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