Breaking: Gold and Silver Now Legal Tender in Florida

Florida Declares Gold and Silver Legal Tender Under HB 999

May 30, 2025

GoldFix Newswire

Tallahassee, FL | May 30, 2025

Gold and Silver Are Money in Florida Now

Florida Governor Ron DeSantis has signed HB 999 into law, declaring gold and silver legal tender in the state beginning July 1, 2026. The legislation exempts qualifying coins from sales tax and authorizes their use in financial transactions—though on a voluntary basis—marking a structured state-level challenge to the U.S. dollar’s sole supremacy in commerce.

“We are the first large state to step up and to get this done,” said Governor DeSantis. “This is right out of the Constitution of the United States.”
Rep. Bill Bankson added that the goal was to “eliminate the tax burden and make it a functional means of transaction between willing parties.”

Key Details

Gold coins must be 99.5% pure and silver coins 99.9%, with both bearing mint or refiner markings. The law exempts these coins from state sales and use taxes, with a statutory presumption regarding their purity. Participation is entirely voluntary—individuals and businesses are not required to accept gold or silver in transactions. For state debts such as taxes, electronic-only transactions may be settled in gold or silver through public depositories. The Office of Financial Regulation will provide oversight, managing licensing, insurance, and disclosure requirements.

Florida Joins Others

Florida follows Utah (2011), Oklahoma (2014), Texas, Wyoming, Kansas, and others in recognizing gold/silver as legal tender. Florida’s version is notably more regulatory, focusing on clarity and infrastructure for electronic transaction settlement.

Implications:

No mandate for merchants to accept metal; but permission granted.
Banks and MSBs (e.g., PayPal) may begin offering gold/silver-based services. (huge)
Potential 6% savings for businesses and consumers due to tax exemption.
Sign of growing state-level resistance to federal monetary dominance.