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Utah considers return to gold, silver coins
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<p>[QUOTE="RaceBannon, post: 1117956, member: 25357"]<b>Utah to vote on using silver/gold as currency</b></p><p><br /></p><p>I found a very interesting article on Fox News about a house resolution within the Utah senate to authorize the use of gold and silver coinage in day to day commerce and to pay taxes.</p><p><a href="http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/" rel="nofollow">http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/</a></p><p> </p><p>What the article doesn't state is whether the authorities would accept it at face value, or the inherent bullion value.</p><p> </p><p>I thought all those coins minted by the US Mint were legal tender anyways. Although you'd be pretty foolish to pay for something with a $50 gold eagle, when there's over $1400 dollars of gold in it!<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1117956, member: 25357"][b]Utah to vote on using silver/gold as currency[/b] I found a very interesting article on Fox News about a house resolution within the Utah senate to authorize the use of gold and silver coinage in day to day commerce and to pay taxes. [URL]http://www.foxnews.com/politics/2011/03/03/utah-considers-return-gold-silver-coins/[/URL] What the article doesn't state is whether the authorities would accept it at face value, or the inherent bullion value. I thought all those coins minted by the US Mint were legal tender anyways. Although you'd be pretty foolish to pay for something with a $50 gold eagle, when there's over $1400 dollars of gold in it!:eek:[/QUOTE]
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