H5544

South Carolina H5544 amends the state code to redefine legal tender to include only gold coins, silver coins, and U.S. currency.

South Carolina H5544 amends the state code by adding a new section that redefines legal tender for all debts, public and private, to include only gold coins, silver coins, and United States currency. The bill specifies that gold coins must be solid forms of the chemical element with atomic number 79, with at least 99.5 percent purity, and silver coins must be solid forms of the chemical element with atomic number 47, with at least 99.9 percent purity. This change excludes goods like jewelry or items of utility such as picture frames or collectables.