The United States Government provides for free and unlimited coinage of gold; that is to say, gold bullion of standard quality may be deposited at the mints in any amount and coined for the benefit of the depositor, without any charge being made for the coinage. If the bullion is not standard a charge is made for parting, or refining, or for copper alloy, as the case may be.

Although the mints may lawfully refuse to receive for coinage purposes gold bullion of less value than $100, in practice they do not do so.

Gold Coin of the United States. " Is legal tender at its nominal or face value for all debts, public and private, when not below the standard weight and limit of tolerance prescribed by law; and when below such standard and limit of tolerance it is legal tender in proportion to its weight."

Gold coin is issued by the Treasurer of the United States and all the Assistant Treasurers in redemption of Treasury Notes of 1890, United States Notes, and Gold Certificates.