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USA Today
09-05-2025
- Business
- USA Today
Eleven states recognize gold and silver as US currency. Which are they?
Eleven states recognize gold and silver as US currency. Which are they? Show Caption Hide Caption What's really going on with gold prices? Gold recently reached a record high as geopolitical tensions pushed investors towards the traditional safe play. Merryn Somerset Webb explains what's going on - and where things could go from here. Bloomberg - Politics Louisiana lawmakers are considering legislation to recognize gold and silver as legal tender. Eleven states already recognize gold and silver coins as legal tender. Several other states have considered or passed similar legislation in the past. While Louisiana passed a law acknowledging gold and silver coins as legal tender in 2013, this new legislation may expand upon or clarify the existing law. Louisiana may soon start accepting gold and silver as currency if proposed legislation is enacted by legislators in the Louisiana Legislature. Eleven states currently recognize gold and silver coins as legal tender. Other states, including Louisiana, are either pursuing similar legislation or have made past attempts to do so. Utah The Utah Legal Tender Act, enacted in 2011, recognizes U.S.-mint gold and silver coins as legal tender. In case you missed it: Louisiana may soon recognize silver, gold as currency, according to proposed legislation Louisiana Despite current proposed legislation, Louisiana passed a law in 2013 acknowledging gold and silver coins as legal tender. Texas In 2017, Texas introduced legislation to establish gold and silver as legal tender, including safeguards against seizure by state authorities. Kansas In 2013, the Kansas Committee on Taxation passed a bill declaring U.S.-minted coins as both of legal tender and tax-exempt. Oklahoma Oklahoma's Senate Bill 862 recognized gold and silver U.S.-minted coins as legal tender and exempt from taxation in 2014. South Carolina The South Carolina House of Representatives passed a bill declaring gold and silver legal tender in 2013. Wyoming Wyoming established a law in 2018 that eliminated the taxation of gold and silver bullion, effectively treating them as tender free from sales tax. These states attempted to pass legislation making gold and silver legal tender but failed Indiana Kansas Missouri South Carolina Follow Ian Robinson on Twitter @_irobinson and on Facebook at
Yahoo
28-04-2025
- Business
- Yahoo
Eleven states recognize gold, silver as U.S. currency. Which states are they?
Louisiana may soon start accepting gold and silver as currency if proposed legislation is enacted by legislators in the Louisiana Legislature. Eleven states currently recognize gold and silver coins as legal tender. Other states, including Louisiana, are either pursuing similar legislation or have made past attempts to do so. The Utah Legal Tender Act, enacted in 2011, recognizes U.S.-mint gold and silver coins as legal tender. Despite current proposed legislation, Louisiana passed a law in 2013 acknowledging gold and silver coins as legal tender. In 2017, Texas introduced legislation to establish gold and silver as legal tender, including safeguards against seizure by state authorities. In 2013, the Kansas Committee on Taxation passed a bill declaring U.S.-minted coins as both of legal tender and tax-exempt. More: Louisiana may soon recognize silver, gold as currency, according to proposed legislation Oklahoma's Senate Bill 862 recognized gold and silver U.S.-minted coins as legal tender and exempt from taxation in 2014. The South Carolina House of Representatives passed a bill declaring gold and silver legal tender in 2013. Wyoming established a law in 2018 that eliminated the taxation of gold and silver bullion, effectively treating them as tender free from sales tax. Indiana Kansas Missouri South Carolina Follow Ian Robinson on Twitter @_irobinson and on Facebook at This article originally appeared on Shreveport Times: Here are states that accept gold, silver as legal U.S. tender
