How would the gold and silver be weighed at different banks yet in a standard fashion — fair to the customer?
Banks would have no need to weigh the gold and silver; the U.S. mint would have already done that for them, just as it has done for all other forms of legal tender. This is because this bill specifies that the gold and silver being talked about is “gold and silver coins minted by the United States” (Georgia Code Sections 7.9.2, 7.9.3, 50.37.2) which are very clear in what their weight and fineness are; and it specifies that the value of these coins for purposes of payment of State obligations is to be fixed by a standard measurement recognized worldwide (the London Fixed Price). The customer and the banks are completely protected in this bill, because the “gold and silver coins minted by the United States” required for use are already “legal tender” under 31 U.S.C. § 5112 and Pub. L. 89, 81, 79 Stat. 254, noted in the bill.
