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United States gold bullion coin with engraved Bald Eagle. These limitations are due to the fact that public law gives to such coinage a value which does not attach as a mere consequence of intrinsic value. Their quality as a legal tender is an attribute of law aside from their bullion value. They bear, therefore, the impress of sovereign power ...
[24] The law was enacted to prohibit businesses from charging different prices for services based on a customer's gender. [ 25 ] [ a ] The Gender Tax Repeal Act provided for civil actions in which courts may award a minimum of $1,000 or up to three times the amount of actual damages in addition to attorney's fees. [ 26 ]
The same paragraph also exempted "gold coins having recognized special value to collectors of rare and unusual coins", which protected recognized gold coin collections from legal seizure. The 1934 Gold Reserve Act subsequently changed the statutory gold content of the U.S. Dollar from $20.67 to $35 an ounce. While this might be seen to some as ...
As part of the subsequent reforms to Bretton Woods institutions, President Gerald Ford signed an act that terminated legal prohibitions on private gold transactions as of December 31, 1974. [4] The Gold Clause Resolution was amended in 1977 to again permit enforcement of gold clauses in private obligations issued after the date of the amendment ...
Under United Kingdom law, a bullion coin may be marketed as a coin if it is minted after 1800, is at least 900 thousandths fine, and are (or have been) legal tender in their country of origin. [2] Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins".
Treasury holdings of gold in the US tripled from 6,358 in 1930 to 8,998 in 1935 (after the Act) then to 19,543 metric tonnes of fine gold by 1940. [3] The revaluation of gold referenced was an active policy decision made by the Roosevelt administration in order to devalue the dollar. [4]
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The Utah Legal Tender Act, passed March 10, 2011, recognizes gold and silver coins issued by the United States [1] as legal tender in the state of Utah. [2] This includes allowing the state of Utah to pay off debts in gold and silver and allowing individuals to transact in gold and silver coins without paying state capital gains tax, [3] among other provisions. [4]
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