Legislation to Regulate Legal-Tender Value of Foreign Gold Coins

Act of June 28, 1834

Historic Legislation, June 28, 1834. Full text is duplicated in the body of this page.Regulates the legal-tender value of certain foreign coins.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That, from and after the thirty-first day of July next, the following gold coins shall pass as current as money within the United States, and be receivable in all payments, by weight, for the payment of all debts and demands, at the rates following, that is to say: the gold coins of Great Britain, Portugal, and Brazil, of not less than twenty-two carats fine, at the rate of ninety-four cents and eight-tenths of a cent per pennyweight; the gold coins of France nine-tenths fine, at the rate of ninety-three cents and one-tenth of a cent per pennyweight; and the gold coins of Spain, Mexico, and Colombia, of the fineness of twenty carats three grains and seven-sixteenths of a grain, at the rate of eighty-nine cents and nine-tenths of a cent per pennyweight.

SEC. 2. Directs the assay annually of the foregoing coins and report to Congress.

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