These coins were photographed at Rocky Mountain Coin in Denver on Thursday, Feb. 16, 2012 The five coins on the left were minted over a hundred years ago and have a value of thousands of dollars because of their gold and silver content. The five coins on the right were minted in the last few years and are worth their face value $1 to $25. Worried that American money is not as good as gold, Colorado lawmakers are considering a bill to legalize gold and silver coins as currency. (AP Photo/Ed Andrieski)
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Colorado looking at gold, silver currency
February 17, 2012 12:23 PM
THE ASSOCIATED PRESS
DENVER — Some Colorado lawmakers are worried about the strength of the U.S. dollar — and they want to legalize gold and silver coins as currency.
A bill pending in the state Senate would allow people to do just that.
Lawmakers don't envision people walking around with pockets full of gold coins. But they say the change is needed to protect citizens who are nervous about the American greenback and want to keep gold and silver as a backup.
Utah made the change last year. More than a dozen states are considering similar legislation.
The Colorado bill cleared a Senate committee with bipartisan support and awaits a vote from the full chamber.
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Online:
Read Senate Bill 137: http://goo.gl/YqM6K
