WildHighlander57 to TEXOKIE
Many thanks for this info !
Texas is one of those states that are accepting gold & silver as legal tender (& creating depositories).
https://gsiexchange.com/states-gold-silver-become-legal-tender/
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Oklahoma accepts US minted gold and silver also as legal tender. I don’t think Oklahoma has created the depositories yet. I think I read somewhere that Utah has, but that would need to be verified.
How do they determine the exchange rate?
Hi Texokie!
“Oklahoma accepts US minted gold and silver also as legal tender.”
My question is this...the U.S. Mint issues their Gold and Silver Eagles with a Face value. For example, the 1 oz silver eagle has—if I remember correctly— a face value of $1 but the silver content may be worth $15. As legal tender I think it has to be accepted in all states, but only at the Face Value, $1. Will the states be using the current metal value or only the stated Face value of the currency?