AN ACT establishing a new system of coinage for the state.

SPONSORS: Rep. McElroy, Hills 61; Rep. Ingbretson, Graf 13; Rep. Itse, Rock 80



This bill states that New Hampshire shall mint its own coins at a face value of $50,000,000.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.




In the Year of Our Lord Two Thousand Three

AN ACT establishing a new system of coinage for the state.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Purpose. The United States Congress has relinquished its responsibilities that were delegated to it by New Hampshire and the other sovereign states. These delegated responsibilities are recorded in Article 1, Section 8, Clause 5 of the United States Constitution. The responsibilities the Federal government has relinquished are those of minting money and setting the value thereof. Currently the United States Congress has relinquished its minting responsibility by having delegated this responsibility to a foreign controlled power. Therefore, in this legislation New Hampshire is taking back its sovereign right to mint and set the value of our money to ensure that our money is lawful and is compliant with our constitutions. Other states are considering this same course of action.

2 State Coin Mint. Notwithstanding any law to the contrary:

I. The State of New Hampshire shall mint and introduce into circulation gold and silver coins of the State of New Hampshire in the face amount of $50,000,000. The coins shall contain one ounce of fine gold or silver, must be alloyed to 90 percent fineness and must bear the great seal of the state of New Hampshire on one side and the words "Contains One Troy Ounce Fine Gold" or "Contains One Troy Ounce Fine Silver", as applicable; "New Hampshire Legal Tender"; the year of issue and "In God We Trust" on the other side. On the edge of the gold coins will be the raised image of New Hampshire and on the edge of the silver coins will be raised lines. The raised edges aid in stopping the practice of coin shaving. The raised images also facilitate blind people being able to determine the coin denomination in their hands. The coins so minted shall be legal money for all debts, public and private, in New Hampshire and as agreed to with other states and countries.

II. Except as otherwise provided in this section, when the coins authorized by paragraph I are received by the state treasury, they must be put into circulation immediately. The coins must not be held as a reserve except as the New Hampshire general court otherwise directs.

III. If the number of coins subject to the control of the state treasurer diminishes to 500,000, the state of New Hampshire shall mint additional money in accordance with paragraph I, in the face amount of $50,000,000, unless the total face value of the coins already minted is $500,000,000, in which case the state of New Hampshire shall mint no further money without prior approval of the New Hampshire general court.

IV. If the New Hampshire general court representing the residents of New Hampshire, with all the other states, determines that the Congress of the United States is once again fulfilling its constitutional obligation to legally, lawfully, and appropriately, as defined by the United States Constitution, following acceptable economic practices, coin money directly and not by delegation to some other group or organization like the Federal Reserve, the Congress shall, once again, be required to meet the following monetary requirements before New Hampshire will again give up its right to coin money and return it conditionally to the Congress:

(a) Require the Federal Reserve to exchange all the Federal Reserve Notes in circulation with gold or silver equivalents;

(b) Retire all of the Federal Reserve notes; and

(c) Retire all the United States national debt accumulated in the Federal Reserve books because of the nefarious interest the country is charged by the Federal Reserve for the fraudulent and questionable extortion practices as measured by every economic measure.

3 Effective Date. This act shall take effect 60 days after its passage.





AN ACT establishing a new system of coinage for the state.


The Treasury Department states they are unable to determine the fiscal impact of this bill on state, county, and local revenue or expenditures.


The Department states further analysis is needed to determine how the state would purchase raw materials to mint coins and how to select an appropriate vendor to mint the coins. The Department is unable to determine the exact fiscal impact at this time.