Are gold coins still legal tender today?
Technically speaking, the US gold coins that predate 1934 are legal tender even though they aren’t currently circulated in the economy. The laws were never changed when Roosevelt did the recall of all gold during the Great Depression, meaning even today these coins have to be accepted as legal payment for any debt that one may have incurred. Consequently, those coins are worth only their face value should the Government ever do another recall. What this means is you may have a $20 Double Eagle that’s worth $1200 and the Government does a recall then you would be compensated $20. Now this is not something to be overly concerned with, because the chances of another recall are slim.
