Florida Legalizes Gold & Silver Coins as Currency: A Return to Hard Money

This Is Fishing
Oct 13
2 min read

Published by Delray Beach Diamonds | October 2025

⸻

💰 A Bold Move Toward Real Value

Florida has made financial history. With the passing of House Bill 999, Governor Ron DeSantis has officially signed legislation recognizing gold and silver coins as legal tender, making Florida the first U.S. state to reintroduce precious metals into its monetary system.

Starting July 1, 2026, Floridians will be legally allowed to use certified gold and silver coins for transactions — marking a monumental shift away from purely fiat-based currency and a symbolic return to America’s “hard money” roots.

This law allows residents to buy, sell, and trade using physical gold and silver coins that meet specific purity standards:

• Gold: 99.5% purity or higher

• Silver: 99.9% purity or higher

⸻

⚖️ What This Means for Florida Residents

Under this new legislation, businesses and individuals may voluntarily accept gold or silver as payment for goods and services. While not mandatory, this opens new financial flexibility for those seeking tangible, inflation-resistant assets.

Additional benefits include:

• 💵 Sales tax exemptions on qualifying bullion and coin transactions

• 🪙 Recognition of metals as currency, not just collectibles or commodities

• 🏦 Protection from devaluation, as precious metals retain intrinsic value over time

⸻

📈 Why This Matters for Investors and Jewelers

As a South Florida jeweler specializing in high-end diamonds and rare gemstones, Delray Beach Diamonds sees this change as a reflection of the growing global demand for tangible wealth.

Gold and silver have always represented trust, rarity, and real value — qualities mirrored in every piece of fine jewelry we create. This legislation reinforces what collectors and investors have long understood: that precious metals are timeless stores of value, both in investment portfolios and wearable art.

Expect to see:

• Increased demand for certified bullion-grade jewelry

• Greater public interest in investment jewelry pieces made of 14K, 18K, and 24K gold

• New crossover markets between collectible coins and luxury jewelry design

⸻

🌴 Florida Leading the Way

By taking this bold step, Florida is reaffirming its position as a leader in economic innovation and personal financial freedom. Whether this becomes a model for other states remains to be seen, but the message is clear — tangible assets are back in focus.

For those investing in gold jewelry, bullion pieces, or collectible diamond creations, this new policy highlights the long-term security of physical value.