Republican Florida Gov. Ron DeSantis signed a bill Tuesday recognizing gold and silver coins as legal tender in the state of Florida.
The legislation requires coins used as legal tender to be stamped, imprinted or otherwise marked with their weight, purity and mint of origin, according to the Florida Senate bill summary.
Authorities may accept gold and silver coins as legal tender regarding taxes, charges or dues. They may offer coins as payment for debts. “Gold coin and silver coin recognized as legal tender are exempt from sales tax,” the bill summary reads.
The summary notes that financial entities “must meet requirements regarding privately insuring deposits, maintaining separate accounts, contracting with a licensed custodian of gold or silver coin (custodian), purchasing gold or silver coin from an accredited refiner or wholesaler, recordkeeping and providing consumer disclosures.”
“We are the first large state to step up and get this done,” DeSantis said at the bill signing, Wesh 2 News reported. “And this is right out of the Constitution of the United States. This legislation will authorize money services businesses, like check cashers or PayPal, to transmit and accept payment in gold and silver.” (RELATED: DeSantis Signs Anti-Swatting Law After Conservative Influencers Targeted By Deadly Attacks)
Governor DeSantis Signs Legislation to Protect Dogs from Abuse https://t.co/m9ovFwuA3r
— Ron DeSantis (@GovRonDeSantis) May 28, 2025
HB 999 will take effect on July 1, 2026. Republican Florida State Rep. Doug Bankson sponsored the bill.
“So, simply it brings opportunity without obligation, fiscal stability and security, relief to the taxpayer, can I get an ‘Amen’?” Bankson said at the signing ceremony, adding that it “will once again help Florida lead the way, becoming the gold standard for economic freedom and opportunity.”