Legislation to Continue Regulating the Legal-Tender Value of Foreign Coins

Act of May 3, 1819

Historic Legislation, March 3, 1819. Full text is duplicated in the body of this page.Continues in force the legal-tender value in the United States of foreign coins.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the gold coins of Great Britain and Portugal, of the present standard, shall be a legal tender in the payment of all debts, at the rate of one hundred cents for every twenty-seven grains, or eighty-eight cents and eight-ninths per pennyweight; the gold coins of France, of their present standard, at the rate of one hundred cents for every twenty-seven and a half grains, or eighty-seven and a quarter cents per pennyweight; the gold coins of Spain at the rate of one hundred cents for every twenty-eight and a half grains, or eighty-four cents per pennyweight, until the first day of November next; and that from and after that day foreign gold coins shall cease to be a tender within the United States, for the payment of debts and demands.

SEC. 2. Continues in force two years from April 29, 1819, the provisions of the act of April 29, 1816, relating to silver coins.

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