GOLD

8 definitions found across Law Mind sources

GOLDAuthored
The Law Mind • 1234 words
Definition
In law, gold carries two distinct but related meanings: 1. As a medium of exchange and unit of contract. Gold historically served as the constitutional and commercial foundation of the U.S. monetary system. In contract law, "gold" refers to coined gold dollars of standard weight and fineness as defined by federal statute. A contract stipulating payment in gold obligates performance in actual coined gold, not paper currency of equivalent nominal value. 2. As a commodity or natural resource. In property and mining law, gold is a mineral resource subject to extraction rights, ownership claims, and regulatory regimes governing mines and mineral estates. The right to gold found in land depends on whether it exists as a hard-rock deposit, placer deposit, or treasure trove, each triggering different ownership rules. ---
Common Language
Modern common usage (Wiktionary): A heavy yellow elemental metal of great value, with atomic number 79 and symbol Au; also a coin or coinage made of this material; anything of exceptional value. Historical common usage (Webster's 1913): A metallic element constituting the most precious metal used as a common commercial medium of exchange, characterized by yellow color, high density, malleability, and resistance to corrosion; well suited for coin and jewelry. The gap between common and legal meaning is specific and consequential: in ordinary usage, "gold" simply names the metal or its color. In legal usage — particularly contract law before and during the gold standard era — "gold" designated a precise legal instrument: coined money of a defined federal standard. A contract payable in "gold dollars" was not merely a promise to pay currency; it was an obligation measured by weight and metal content that could not be discharged in paper money of equivalent face value. After 1933 federal legislation abrogated gold clauses in private contracts, even this legal precision was suspended — making the historical meaning a trap for researchers who encounter nineteenth-century contract language without understanding the monetary regime it presupposed. ---
Common Confusion
Gold clauses vs. gold standard: Researchers sometimes conflate contractual gold clauses (private agreements specifying gold payment) with the gold standard (the federal monetary policy pegging currency to gold). These are legally distinct. Gold clauses in contracts survived as enforceable private obligations even through transitions in public monetary policy — until Congress enacted joint resolutions in 1933 abrogating them, a congressional action later upheld by the Supreme Court. Post-1977, gold clauses in new contracts became enforceable again under federal statute, meaning enforceability depends entirely on the period in which a contract was made. Gold coin vs. gold bullion: In nineteenth-century legal sources, "gold" in a contract context almost always meant coined gold — certified units. Bullion (uncoined gold by weight) triggered different commercial and customs rules. Anderson's cross-reference to COIN and TENDER reflects this distinction, which modern researchers may overlook. ---
Recognized Forms
/SUBTYPES Gold coin: Officially minted currency of defined standard weight and fineness. The legally significant form in most pre-1933 contract disputes. Gold bullion: Raw or refined gold measured by weight rather than denomination. Subject to commodity regulations, customs duties, and in certain periods, federal restrictions on private ownership. Gold clause: A contractual provision specifying that a monetary obligation must be satisfied in gold coin or its equivalent. A recognized and heavily litigated contract form in American law from the Civil War era through the New Deal. Placer gold: Gold found in alluvial deposits, not embedded in rock. Distinct from hard-rock (lode) mining claims under federal mining law and triggers separate ownership and extraction rules. ---
Why It Matters in Research
Corpus researchers face a term whose legal significance is radically time-dependent. Three distinct eras require separate interpretive frames: Pre-1933: Gold clauses were fully enforceable. Sources in this period treat "payable in gold" as an unambiguous, specific legal obligation distinct from payment in paper currency. Bouvier's extended treatment of Bronson v. Rodes reflects this: a promise to pay in gold coin could not be discharged by tendering greenbacks of equivalent face value, even during and after the Civil War inflationary period. Researchers reading nineteenth-century contract disputes must understand that "gold" was a term of art designating a specific legal tender with constitutional backing. 1933–1977: Congress suspended gold clause enforceability in private contracts. Sources from this middle period that discuss gold clauses are navigating the abrogation and the constitutional challenge to it. Legal dictionaries and treatises from this era may describe gold clauses as historically significant but legally defunct. Post-1977: Federal statute restored the enforceability of gold clauses in contracts entered into after October 28, 1977. Modern researchers encountering gold clause disputes must establish which side of this date the contract falls on. Anderson's cross-references (COIN, MINE, MONEY, TENDER) are the navigational spine for this term in the historical corpus. Do not treat the Anderson entry as dismissive — its brevity signals that gold's legal meaning was absorbed into those related entries, all of which must be consulted for complete historical coverage. In mining law contexts, gold appears in an entirely different doctrinal stream. Placer vs. lode distinctions, federal public land claims, and state mineral rights law each produce separate bodies of authority. Researchers should not assume that gold in a contract-law source and gold in a mining-law source are operating under the same conceptual framework. ---
Historical Dictionary Support
Bouvier's treatment is the more substantive of the two historical sources here. It anchors the legal meaning of gold in contract law to Bronson v. Rodes and its progeny, establishing that contracts specifying gold or silver coins require delivery of those coins, not paper substitutes. Bouvier illustrates the reach of this rule across multiple state jurisdictions — Colorado, New York, Ohio, Pennsylvania — demonstrating that the principle was not idiosyncratic but nationally recognized. Anderson's entry, by contrast, provides no standalone definition and redirects entirely to related entries. This is editorially significant: Anderson treats gold as a component concept fully explained by COIN, MINE, MONEY, and TENDER, rather than as an independent legal doctrine. Researchers relying solely on the Anderson entry will miss the substance; the cross-references are instructions, not explanations. Neither dictionary addresses the 1933 abrogation or the post-1977 restoration — both post-date Bouvier's major editions and fall outside Anderson's scope. This is the most important gap in the historical record: the historical dictionaries describe a legal world where gold clauses were presumptively enforceable, and researchers must supply the twentieth-century overlay themselves. ---
Jurisdictional Note
Gold clause enforceability under federal law governs across jurisdictions for contracts made after 1977, but pre-1933 gold clause litigation was predominantly state court work applying federal monetary law. State courts in this era interpreted gold clause contracts, and their decisions — including cases Bouvier cites from Colorado, New York, Ohio, and Pennsylvania — represent authentic but not uniform applications. Mining law involving gold remains a mix of federal public land law and state property law, with significant variation in how states treat mineral rights, placer claims, and severance of mineral estates from surface estates. ---
Encyclopedia Cross-Reference
Law Mind Encyclopedia — CURRENCY AND LEGAL TENDER Law Mind Encyclopedia — MONETARY CONTRACTS AND GOLD CLAUSES Law Mind Encyclopedia — MINING AND MINERAL RIGHTS ---
Related Terms
Coin; Legal tender; Money; Tender; Mine; Mineral rights; Gold clause; Bullion; Specie; Greenback; Currency; Placer mining; Lode claim; Monetary obligation; Contract — specific performance
GOLDmain
Anderson's Dictionary of Law • 1890
See COIN; MINE; MONEY; Go bail. To become surety on a bailTENDER, 2. bond, q. v. Go to. 1. To be given to, to descend to.¹ 2. A circumstance which concerns or affects one's competency or credibility as a witness, or the jurisdiction of the court, is sometimes said to go to" the competency, to the jurisdiction, to the question, etc. "When mutual covenants go to the whole consideration on both sides, they are mutual conditions."2 "A demurrer may go to the form of the action, to a defect in pleading, or to the jurisdiction of the court." Go to prison. To be committed or sentenced to a jail, penitentiary, or other place of confinement for persons accused or convicted of a criminal offense. See PRISON. Go to protest. Said of commercial paper which becomes protested for non-payment or non-acceptance: to become dishonored. See PROTEST, 2. Go without day. For an acquitted person to be dismissed from court with no day set for reappearing - sine die; also, the record entry in such a case.
GOLDmain
Bouvier's Law Dictionary • 1928
Contracts expressly stipulating for payment in gold and silver dollars can only be satisfied by the payment of coined dollars; Bronson v. Rodes, 7 Wall. 229; where it was said: "A contract to pay a certain number of dollars in gold or silver coins is nothing else than an agreement to deliver a certain weight of standard gold to be ascertained by a count of coins, each of which is certified to contain a definite. proportion of that weight." This case was followed in 7 id. 278; 96 U. S. 619; 162 U. S. 291. In the last case it was said: "This court has held that parties may contract for the payment of an obligation in gold, or any other money or commodity, and it must then be paid in the medium contracted for." It has been pointed out in 29 L. R. A. 593, note, that the rule in Bronson v. Rodes has not been affected in any way by the Legal Tender Cases in 13 Wall. 457. In Trebil- cock v. Wilson, 12 Wall. 687, where a note in dollars was made payable in specie, it was held that the designated number of dollars must be paid in so many gold or silver dol- lars of the coinage of the United States, re- versing the supreme court of Iowa, which had held that a tender of greenbacks or United States legal tender notes was suffi- cient. In Gregory v. Morris, 96 U. S. 619, the party was entitled to recover a certain amount in gold coin; it was held that where the party, with the approbation of the court, takes judgment which might be discharged in currency, it should be entered for a sum in currency equivalent to the specified amount of that coin as bullion. A decision of a state court, which holds a tender of legal tender notes as valid in the payment of a contract payable only in specie, will be, reviewed by the supreme court of the United States; 12 Wall. 687. The doctrine
GOLDmain
Bouvier's Law Dictionary • 1928
of the latter court is therefore binding upon all the state courts. A contract to pay a certain number of dol- ars in gold; 4 Colo. 169; a draft for a cer- tain number of gold dollars; 43 N. Y. 209; a note payable "in gold or silver; " 21 Ohio St. 406; a ground rent payable in "gold or silver lawful money of the United States; " 61 Pa. 263; are all enforceable according to their terms. A ground rent payable in "gold or silver money of the United States" must be paid in coin or its equivalent; 61 Pa. 263. In this case Agnew, J., said that the distinc- tion taken in the earlier Pennsylvania cases between contracts for a specific article and contracts for lawful money (coin or cur- rency) had become unimportant since the decision in Bronson v. Rodes. In such cases it is held that payment in currency is to be computed upon the value of gold at the time of payment; 4 Colo. 169. Where rent was payable "in current money of the State of New Yorkequal in value to money of Great Britain," it was held that if payment was made in legal tender notes, the amount paid must equal the value of the stipulated amount of coin; 05 Barb. 392. Where an act authorized a city to issue negotiable bonds, it was held to authorize the issue of bonds payble in gold coin; 87 Ala. 240; s. c. 4 L. R. A. 742; so of bonds "payable in gold coin of the present stand- ard weight and fineness; "00 Fed. Rep. 961. To the same effect, 3 Dill. 195; but, contra, of levee bonds which were issued payable "in gold coin," under an act which author- ized the levee board to borrow money and issue its bonds therefor; 66 Miss. 298. But this judgment was reversed by the supreme court of the United States (162 U. S. 291), which held: That the inquiry as to the me- dium in which the bonds were payable raised a federal question and that the bonds were legally saleable in the money of the United States, whatever its description, and not in any particular kind of money, and that they were not void because of a want of power to issue them. Field, J., concurring, said that no transaction of commerce or busi- ness, etc., that is not immoral in its charac- ter, and which is not in its manifest purpose detrimental to society, can be declared in- valid because made payable in gold coin or currency when that is established or recog- nized by the government. An injunction will not lie to restrain the issue of municipal bonds payable "in gold or lawful money of the United States, at the option of the holder; " 96 Ga. 312. But where a statute authorized the issue of bonds payable "in gold coin or lawful money of the United States," an issue of bonds payable in gold coin of the United States of the present standard of weight and fineness was held invalid; 29 L. R. A. (Cal.) 512. In the absence of stipulation in the con- tract, a right to demand payment in coin will not be implied, although it appear that payment in coin was the only method of payment recognized by law when the con- tract was entered into and that the parties no doubt expected that payment would be made in coin; 22 Wall. 105. So when the consideration in a note was a loan of gold and silver and there was no stipulation to pay in such money; 25 Cal. 502. An insurance company in an action against an agent who had collected pre- miums in gold; 104 Mass. 192; and a hotel guest in an action against an innkeeper to recover for gold coin left at the inn for safe keeping; 46 N. Y. 291, are entitled to judg- ment in gold coin. In an action against an express company for failure to deliver gold coin which it received for transportation, judgment was entered in currency notes for the amount of the gold coin with the pre- mium on gold added with interest from the date of demand; 98 Mass. 550. Where a person deposited both coin and treasury notes in a bank in 1861, it was held that the bank need not pay him in coin unless there was an express agreement to that effect; 5 Wall. 663. Dollars payable in gold means that every such dollar is a piece of gold certified to be a certain weight and purity, by the form and
GOLDn.
Websters Unabridged Dictionary (1913) • 1913
A metallic element, constituting the most precious metal used as a common commercial medium of exchange. It has a characteristic yellow color, is one of the heaviest substances known (specific gravity 19.32), is soft, and very malleable and ductile. It is quite unalterable by heat, moisture, and most corrosive agents, and therefore well suited for its use in coin and jewelry. Symbol Au (Aurum). Atomic weight 196.7. Money; riches; wealth. For me, the gold of France did not seduce. Shak. A yellow color, like that of the metal; as, a flower tipped with gold. Figuratively, something precious or pure; as, hearts of gold. Shak. Age of gold. See Golden age, under Golden. -- Dutch gold, Fool's gold, Gold dust, etc. See under Dutch, Dust, etc. -- Gold amalgam, a mineral, found in Columbia and California, composed of gold and mercury. -- Gold beater, one whose occupation is to beat gold into gold leaf. -- Gold beater's skin, the prepared outside membrane of the large intestine of the ox, used for separating the leaves of metal during the process of gold-beating. -- Gold beetle (Zoöl.), any small gold-colored beetle of the family Chrysomelidæ; -- called also golden beetle. -- Gold blocking, printing with gold leaf, as upon a book cover, by means of an engraved block. Knight. -- Gold cloth. See Cloth of gold, under Cloth. -- Gold Coast, a part of the coast of Guinea, in West Africa. -- Gold cradle. (Mining) See Cradle, n., 7. -- Gold diggings, the places, or region, where gold is found by digging in sand and gravel from which it is separated by washing. -- Gold end, a fragment of broken gold or jewelry. -- Gold-end man. (a) A buyer of old gold or jewelry. (b) A goldsmith's apprentice. (c) An itinerant jeweler. "I know him not: he looks like a gold-end man." B. Jonson. -- Gold fever, a popular mania for gold hunting. -- Gold field, a region in which are deposits of gold. -- Gold finder. (a) One who finds gold. (b) One who empties privies. [Obs. & Low] Swift. -- Gold flower, a composite plant with dry and persistent yellow radiating involucral scales, the Helichrysum Stoechas of Southern Europe. There are many South African species of the same genus. -- Gold foil, thin sheets of gold, as used by dentists and others. See Gold leaf. -- Gold knobs or knoppes (Bot.), buttercups. -- Gold lace, a kind of lace, made of gold thread. -- Gold latten, a thin plate of gold or gilded metal. -- Gold leaf, gold beaten into a film of extreme thinness, and used for gilding, etc. It is much thinner than gold foil. -- Gold lode (Mining), a gold vein. -- Gold mine, a place where gold is obtained by mining operations, as distinguished from diggings, where it is extracted by washing. Cf. Gold diggings (above). -- Gold nugget, a lump of gold as found in gold mining or digging; - - called also a pepito. -- Gold paint. See Gold shell. -- Gold or Golden, pheasant. (Zoöl.) See under Pheasant. -- Gold plate, a general name for vessels, dishes, cups, spoons, etc., made of gold. -- Gold of pleasure. Etym: [Name perhaps translated from Sp. oro-de- alegria.] (Bot.) A plant of the genus Camelina, bearing yellow flowers. C. sativa is sometimes cultivated for the oil of its seeds. -- Gold shell. (a) A composition of powdered gold or gold leaf, ground up with gum water and spread on shells, for artists' use; -- called also gold paint. (b) (Zoöl.) A bivalve shell (Anomia glabra) of the Atlantic coast; -- called also jingle shell and silver shell. See Anomia. -- Gold size, a composition used in applying gold leaf. -- Gold solder, a kind of solder, often containing twelve parts of gold, two of silver, and four of copper. -- Gold stick, the colonel of a regiment of English lifeguards, who attends his sovereign on state occasions; -- so called from the gilt rod presented to him by the sovereign when he receives his commission as colonel of the regiment. [Eng.] -- Gold thread. (a) A thread formed by twisting flatted gold over a thread of silk, with a wheel and iron bobbins; spun gold. Ure. (b) (Bot.) A small evergreen plant (Coptis trifolia), so called from its fibrous yellow roots. It is common in marshy places in the United States. -- Gold tissue, a tissue fabric interwoven with gold thread. -- Gold tooling, the fixing of gold leaf by a hot tool upon book covers, or the ornamental impression so made. -- Gold washings, places where gold found in gravel is separated from lighter material by washing. -- Gold worm, a glowworm. [Obs.] -- Jeweler's gold, an alloy containing three parts of gold to one of copper. -- Mosaic gold. See under Mosaic.
goldnoun
Wiktionary (English) • 2026
Wiktionary contributorsCC BY-SA 4.0 • via Kaikki
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A heavy yellow elemental metal of great value, with atomic number 79 and symbol Au. | A coin or coinage made of this material, or supposedly so. | A deep yellow colour, resembling the metal gold. | The bullseye of an archery target. | A gold medal. | Anything or anyone that is very valuable. | A grill (jewellery worn on front teeth) made of gold.
goldsymbol
Wiktionary (English) • 2026
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☉ (alchemy)
goldadj
Wiktionary (English) • 2026
Wiktionary contributorsCC BY-SA 4.0 • via Kaikki
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Made of gold. | Having the colour of gold. | Premium, superior. | Of a musical recording: having sold 500,000 copies. | Subject to or involving a model of open access in which a published article is immediately available for to read for free with no embargo period.

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