HB 440 / SB 167

This legislation establishes a state mint for gold and silver bullion under the direction of the Tennessee State Treasurer. This bill builds upon Tennessee’s previous legislation allowing the state treasurer to purchase and sell physical gold and precious metal bullion and takes the next step in securing Tennessee’s place as a leader in sound money policies and precious metals production.

Under this legislation, the state treasurer will contract with an experienced U.S.-based manufacturer to establish and operate a Tennessee Mint, producing gold and silver bullion in uniform shapes, including rounds, bars, and commemorative pieces. The mint will be responsible for securely producing, storing, processing, and shipping bullion products for Tennessee’s state depository, ensuring that all state-backed bullion is controlled, traceable, and verifiable.

By establishing a state mint, Tennessee ensures that its residents and investors have access to reliable, locally produced bullion, increasing economic security and stability in precious metals transactions. Additionally, the mint enhances Tennessee’s financial independence, reducing reliance on federal institutions while promoting alternative, sound money options in the state’s economy.

This bill is an important step toward protecting Tennessee’s financial sovereignty, promoting economic resilience, and strengthening the role of gold and silver in Tennessee’s financial system.