"Arizona Coin Collector" wrote in message
m...
Hello

The state of Colorado says no to using gold coins to
pay debts. See story below.

----------------------------------------------

FROM:
http://www.rockymountainnews.com/new...s/?partner=RSS

School snack bill fails to make grade

By Ed Sealover
Rocky Mountain News

Published February 11, 2009 at 6:53 p.m.
Updated February 12, 2009 at 12:01 a.m.

Lawmakers Wednesday pulled the plug on bills calling for
healthy snacks in schools, tax breaks for new-home
buyers and wider use of gold coins in Colorado.

....
The House Finance Committee said "no" to a bill by that
would have allowed debts to be paid in precious metal coins.

A sensible move if it was aimed at paying debts to the state. The
market value of PMs can shift significantly twixt the time that they
are tendered and when the state converts them into cash. The only
interesting thing here is that they perceived a need to make this
explicit. Were tax collectors and DMV clerks itching to take PM coins
in lieu of cash?

Would this bill have applied to private debts not involving the
government? That's unwarranted intrusion. Private transactions
should allow payment in PMs if both parties agree.