'A Utah citizen, for example, could contract with another to sell his car for 10 one-ounce gold coins (approximately $17,000), or an independent contractor could arrange to be compensated in gold coins,' said Rich Danker, a project director at the American Principles Project, a conservative public policy group in Washington, D.C. Local currencies: In the U.S., we don't trust Since the face value of some U.S.-minted gold and silver coins - like the one-ounce, $50 American Gold Eagle coin - is so much less than the metal value (one ounce of gold is now worth more than $1,700), the new law allows the coins to be exchanged at their market value, based on weight and fineness. dollars for tax purposes, eliminating capital gains taxes.

Under the law, the coins - which include American Gold and Silver Eagles - are treated the same as U.S. The state gold rush: Utah became the first state to introduce its own alternative currency when Governor Gary Herbert signed a bill into law last March that recognized gold and silver coins issued by the U.S. dollar continues to lose ground, the notion has become increasingly appealing to state lawmakers, he said. And since gold has grown exponentially more valuable, while the U.S. To the state legislators who are proposing state-issued currencies, that means gold and silver are fair game, said Edwin Vieira, an alternative currency proponent and attorney specializing in Constitutional law. But it allows the states to make 'gold and silver Coin a Tender in Payment of Debts.' dollars - the Constitution bans states from printing their own paper money or issuing their own currency. Unlike individual communities, which are allowed to create their own currency - as long as it is easily distinguishable from U.S. the State's governmental finances and private economy will be thrown into chaos,' said North Carolina Republican Representative Glen Bradley in a currency bill he introduced last year. 'In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System.

Silver us coins