Adds to existing law to establish provisions regarding the use of gold and silver coins and bullion.

This legislation provides for four types of legal tender authorized by the state of Idaho. These include gold and silver coins, gold and silver bullion, base-metallic coins, and paper currency. Idahoans will have a choice as to which form of legal tender they choose to use. Those who chose to use a form of metal as legal tender may have their contracts enforced as such. Numismatic forms of precious metals are exempt from this legislation. This legislation reflects the constitutional requirement found at Article 1, section 10, "no state shall. .. make anything but gold and silver coin a tender in payment of debts." A provision is included as to how to determine the value of gold and silver for the payment of taxes and the enforcements of gold and silver clause contracts.