Florida has made a significant move towards recognizing gold and silver as legal tender, following the signing of bill HB 999 by Gov. Ron DeSantis. Effective from July 1, 2026, the law allows the use of gold and silver coins for payments, mandates that these coins carry specific markings, and exempts purchases from sales tax. Services like PayPal can also process such transactions. DeSantis emphasizes the legislation as a means for Floridians to achieve financial independence amidst economic uncertainty, highlighting the increasing value of precious metals compared to depreciating fiat currency.
Gov. Ron DeSantis stated the law as a 'landmark piece of legislation' aiming to provide Floridians greater independence and to transform gold and silver into 'real currency again.'
The bill includes crucial requirements such as stamping gold and silver coins with weight, purity, and mint of origin, and waives sales tax on these purchases.
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