On the other hand Bitcoin, unlike those other currencies, is not legal tender for paying debts.
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B. 4128 legislation that makes gold and silver coins legal tender in the state.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
The larger the denomination of the bill, the shorter its period of being legal tender.
Toward the latter end, Rep. Ron Paul has sponsored a bill repealing legal tender law.
But on rare occasions, living people who are not heads of state appear on legal tender.
In Utah, gold and silver coins are now legal tender and exempt from sales and income taxes.
B. 4128 was important because it followed the passage of the Utah Legal Tender Act in March.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
Today, the U.S. dollar is only valuable because the government has declared it legal tender and we act accordingly.
Utah became the first state in more than a century to recognize gold and silver coins as legal tender.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
Utah has already made gold and silver coins legal tender in the state.
The old Malagasy franc will remain legal tender until 30 November, and will be exchangeable until the end of 2009.
The last of these bills would repeal Section 5103 of Title 31, United States Code, which addresses legal tender laws.
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Even before euro coins became legal tender in January, there was consternation at the use of nickel alloys in their manufacture.
It is not a governmental instrument of legal tender that requires regulatory legitimacy and coercion by law in order to gain acceptance.
If multiple states adopt legal tender legislation, depositories open, and the DeMint-Lee-Paul bill becomes law, there will be an alternative monetary system.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
The Royal Canadian Mint will no longer distribute the coin to financial institutions around the country, but it will remain legal tender.
Anthony dollars are legal tender but, having been produced only from 1979-81 and then again in 1999, they are rarely seen in circulation.
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Unless you're DOE biologist Peter Larsen at the Argonne National Laboratory, who would probably argue your legal tender has been double-headed all along.
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If you miss that deadline, you will have to go to the national central bank of the country where the legacy currency was legal tender.
It requires only the passage of a single law repealing legal tender, along with some thoughtful supporting provisions to protect fledgling currencies from government predation.
The U.S. Mint American Eagle gold coins are officially legal tender.
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Under the law, no one is actually required to accept gold or silver coins as legal tender, so again we refer to the dollar by default.
In 2002, EMU countries will use only the euro as their legal tender, and the deutsche mark, French franc, Italian lira et al. will cease to exist.
Galvez, a Republican state representative in Utah sponsored a bill earlier this year to allow for the state to recognize gold and silver coins as legal tender.
This is so because legal tender laws allow debtors to effectively abrogate private currency debt contracts at will by offering Federal Reserve notes in lieu of what was specified.
The monetization of gold through legal tender laws and removal of taxes will restrain the government from reneging on the gold standard by putting gold on an equal footing with the dollar.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
Republicans Jim DeMint, Mike Lee and Rand Paul have introduced the Sound Money Promotion Act, which removes taxes on gold and silver coins declared as legal tender by the federal government or states.
FORBES: The Legislative Beginnings Of A Modern Gold Standard
The 1985 law that led to the creation of the U.S. Mint legal tender bullion coin was largely his doing, the outgrowth of The Coinage Act of 1983, a bill sponsored by Dr. Paul.
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