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Utah Law Makes Coins Worth Their Weight in Gold (or Silver)

WILLIAM YARDLEY
NY Times
May 30, 2011

FARR WEST, Utah — Most people who amass the pure gold and silver coins produced by the United States Mint do so for collections or investments, not to buy Slurpees at 7-Eleven.

“You’d be a fool,” Tom Jurkowsky, a spokesman for the Mint, said of the Slurpee idea, “but you could do it.”

After all, while the one-ounce American Eagle coin produced by the Mint says “One Dollar,” it is actually worth more like $38 based on the current price of silver. (An ounce of gold is worth more than $1,500.)

Now, however, Utah has passed a law intended to encourage residents to use gold or silver coins made by the Mint as cash, but with their value based on the weight of the precious metals in them, not the face value — if, that is, they can find a merchant willing to accept the coins on that basis.

The legislation, called the Legal Tender Act of 2011, was inspired in part by Tea Party supporters, some of whom believe that the dollar should be backed by gold or silver and that Obama administration policies could cause a currency collapse. The law is the first of its kind in the United States. Several other states, including Minnesota, Idaho and Georgia, have considered similar laws.

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It is the Ministry of NSearch that all inherit the Kingdom of God

But if you are led by the Spirit, you are not under the law....

Now the works of the flesh are evident, 

which are adultery fornication, uncleanness, lewdness,

idolatry, sorcery, hatred, contentions, jealousies,

outbursts of wrath, selfish ambitions, dissensions, heresies, envy,

murders, drunkenness, revelries, and the like;

of which I (Paul the Apostle) tell you beforehand,

just as I also told you in time past, that those who 

practice such things will not inherit the kingdom of God. 

But the fruit of the Spirit is love, joy, peace, long-suffering,

kindness, goodness, faithfulness, gentleness, self-control,

against such there is no law. Those who are Christ's

have crucified the flesh with its passions and desires.

If we live in the Spirit, let us also walk in the Spirit.

Let us not become conceited, provoking one another,

envying one another.

Galatians 5:18-26

{Sorcery: "Pharmakia;" Primarily mentioned as one of the "works of the flesh." In "sorcery" the use of drugs. Blue Letter Bible. Galatians 5:20}

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