HB721 Relative to establishing gold and silver as legal tender.
Relative to establishing gold and silver as legal tender.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Concerning
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
Residents may face higher costs if municipalities pass on security and handling expenses for gold/silver transactions, though actual financial impact is indeterminable and adoption may remain minimal.
Your Community
Local governments and municipalities face unquantified increased expenses for secure storage, armored transport, and staff to handle precious metals, potentially straining already-tight municipal budgets.
Your Freedom
Residents gain the right to conduct private transactions in gold and silver if both parties agree, and to possess unlimited quantities of these metals without restriction.
Status
Refer for Interim Study: Motion Adopted Voice Vote 01/07/2026 House Journal 1 P. 46
Sponsor
Juliet Harvey-Bolia (R)
The Short Version
This bill establishes gold and silver coins and bars as legal tender in New Hampshire for any transaction where buyer and seller agree on value. It creates significant administrative and financial uncertainties for state and local governments, which currently lack infrastructure to handle, secure, and account for precious metals as payment for taxes and services.
Who's Behind This Bill?
Who Benefits
- ▲ Residents who prefer conducting private transactions in precious metals
- ▲ Those who wish to hold unlimited quantities of gold and silver without legal restriction
Who Pays the Price
- ▼ State government (Treasury and DRA must develop infrastructure to accept, secure, and account for precious metals as tax payment)
- ▼ Municipal governments and counties (must invest in safes, secure storage, armored transportation, and staff training)
- ▼ Taxpayers generally (if municipalities pass along security and handling costs)
- ▼ State revenue potentially (if precious metals exchanges become exempt from Business Profits Tax, though this is uncertain)
Bill statuses as of October 7, 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.