Date of Law | Value Per Fine Oz. Troy |
April 2, 1792 | $19.393939 |
June 28,1834 | $20.689656 |
Jan. 18, 1837 | $20.671835 |
Mar. 4,1900 | $20.671835 |
Jan. 31, 1934 | $35.000000 |
Mar. 17,1968 | U.S. Treasury regulations published in the Federal Register on March 19,1968, allow domestic gold producers to sell newly mined gold to persons regularly engaged in an industry, profession, or art, who require gold for legitimate, customary, and ordinary use, or persons holding Treasury gold-licences. The price of such gold is no longer regulated by the Treasury. The price of monetary gold remains fixed at $35.00 per ounce. The U.S. Mint will no longer purchase gold in the private market nor sell it for industrial, professional or artistic uses. The private holding of gold by U.S. citizens continues to be prohibited except pursuant to existing regulations. |