Florida has taken a step back into the past, re-designating some precious metals as legal tender in the state. The move, signed into law by Governor Ron DeSantis, comes as a welcome relief for those who have long cherished the value of gold and silver. For those who have always been fascinated by the world of coins, this is a moment to be savored. Benefits of Gold and Silver
• Stable Value: Gold and silver are finite resources, making their value always present. • Reduced Inflation: The U.S. dollar tends to fluctuate more than gold and silver, making them a more stable store of value. • Increased Security: Gold and silver are less susceptible to counterfeiting and other forms of currency manipulation. The decision to re-designate gold and silver as legal tender in Florida is not without its benefits. For one, it provides a chance for Floridians to return to using “real money” again. As Stephen Howard, owner of Coinacopia, puts it, “This is history repeating itself. The U.S. went off the gold and silver standards in 1971, and now we’re getting back to it.”
Howard, a military veteran from Kansas City, has been fascinated with coins since he was a child. For him, collecting coins is more than just a hobby – it’s a form of therapy. “It’s just a pleasant place,” he said. “There’s no politics, there’s no strife, there’s no war. It’s just a world of its own.”
As a business owner, Howard knows the importance of having a solid understanding of the coins he sells. “It’s exactly why I’m excited about this bill,” he said. “The governor is getting us back to real money, which I love because it will hold its value so much better.”
Howard’s business, Coinacopia, has been a staple in the Tampa community for years. The store is a treasure trove of coins, with a vast selection of gold and silver pieces that can be used as currency. How it Works
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- Gold and silver coins with a purity level of at least 0.995 must be used as payment.
- The coins must be stamped with the official seal of the U.S. Mint.
- Businesses must accept these coins as payment, but they have the right to decide whether they want to do so.
Coinacopia’s Coin Show
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- Hosted on the first Saturday of every month.
- From 9 a.m. to 3 p.m.
- Join Stephen and his team at Coinacopia for a unique opportunity to learn about and purchase gold and silver coins.
What’s Next?
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As of July next year, gold and silver coins with a purity level of at least 0.995 will be accepted as payment in Florida.
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Businesses will have the right to decide whether they want to accept these coins as payment, but they will have to follow the guidelines set by the state.
Conclusion
Florida’s move to re-designate gold and silver as legal tender is a step in the right direction.
It’s a chance for Floridians to return to using “real money” again.
As Stephen Howard, owner of Coinacopia, puts it, “This is history repeating itself. The U.S.
