This bill establishes gold and silver as legal tender in New Hampshire, allowing these precious metals to be used for all public and private transactions, provided that both the buyer and seller agree on their fair market value. The new legal framework is introduced through the creation of a new chapter, Chapter 5-E, in the Revised Statutes Annotated (RSA). The bill includes provisions for the possession of gold and silver in coin or bar form, and it also contains a severability clause to ensure that if any part of the chapter is deemed invalid, the remaining provisions will still be enforceable.

The bill is set to take effect on July 1, 2025, and it is expected to have an indeterminable fiscal impact on state, local, and county revenues and expenditures. The Department of Revenue Administration anticipates increased costs related to security measures for handling gold and silver, while the Treasury Department notes that the current infrastructure is not equipped to accept these metals as legal tender. Additionally, the bill could potentially exempt transactions involving gold and silver from taxation under the Business Profits Tax, leading to uncertain revenue implications. Overall, the transition to using gold and silver as legal tender may require municipalities to implement enhanced security measures and possibly hire additional staff, although the exact costs remain difficult to estimate.