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Florida's legislature is advancing measures to implement House Bill 999 (HB 999), a 2025 law that recognizes qualifying gold and silver coins as legal tender in the state, effective July 1, 2026. The legislation, signed into law by Governor Ron DeSantis last year, exempts such coins from sales tax and establishes a framework for their use in transactions, including optional acceptance by government entities for payments like taxes or dues.
HB 999 defines "gold coin" as solid gold of at least 99.5% purity, stamped with weight and purity, and "silver coin" as solid silver of at least 99.9% purity under similar requirements. The law applies to forms like rounds, bars, ingots, or bullion coins valued primarily for their metal content, excluding jewelry or collectibles. It allows these coins to serve as payment for debts incurred on or after the effective date, though participation remains voluntary for businesses and individuals—no one can be compelled to accept them.
Recent legislative activity includes committee approvals for related rule ratifications and regulatory details, such as frameworks for custodians handling gold and silver transactions. For instance, in early February 2026, bills like HB 1311 moved forward to ratify rules from the Department of Financial Services and Office of Financial Regulation, building on the 2025 enactment.
Proponents argue the move promotes economic liberty, provides an alternative to fiat currency amid concerns over inflation and digital money, and revives "sound money" principles rooted in the U.S. Constitution's provision that states shall not make anything but gold and silver coin a tender in payment of debts.
The law does not mandate widespread adoption and is limited to intrastate use unless other jurisdictions recognize similar standards. Businesses may accept qualifying coins for transactions, potentially including large purchases like real estate if parties agree, though practical challenges remain regarding valuation and convertibility.
This development aligns with broader discussions on precious metals as a hedge against currency devaluation, echoing historical uses of gold and silver in commerce—from ancient Roman denarii to pre-20th-century U.S. coinage. Florida's approach positions it among states exploring alternatives to reliance on federal currency systems. The full implementation awaits the July 2026 start date, with ongoing refinements to supporting regulations.
Our currency should go back to being backed by gold and silver!
If you give gold or silver to a cashier, how do they give you your change ? OVER !