15-04-2025
Pay with gold? You can in Alabama
DOTHAN, Ala (WDHN) — A new law has been signed in Alabama, officially reaffirming gold and silver as legal tender in the Yellowhammer state.
Governor Kay Ivey signed SB138, or the Alabama Legal Tender Act, into law last week.
According to the law, 'any refined gold or silver bullion, specie, or coin that has been stamped, marked, or imprinted with its weight and purity' will be recognized as legal tender in the state.
The law also states that no one will be obligated to offer or accept gold and silver for payment unless specified by a contract or law.
Alabama lawmakers could vote on posting Ten Commandments in schools
The bill previously passed with unanimous support in both the Alabama Senate and House.
With the governor's signature, the law will go into effect on October 1, 2025.
Alabama is now the seventh state to reaffirm gold and silver as legal tender once again.
In 2024, Alabama removed all sales and capital gains taxes on gold and silver.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
