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Senate OKs making gold, silver legal tender in AZ

February 28, 2013 in Coins, Gold, Gold Coins, Silver, Silver Coins

Howard Fischer Capitol Media Services. Feb, 29th, 2013 (http://azstarnet.com Arizona Daily Star)

PHOENIX – State senators voted Wednesday to make gold and silver legal tender in Arizona.

The proposal, SB 1439, stems from concerns of some that the paper money printed by the Federal Reserve Bank is losing value.

They persuaded Sen. Chester Crandell, a Heber Republican, to give privately minted gold and silver coins the same legal status to pay bills, at least in Arizona.

A disdainful Sen. Steve Farley, a Tucson Democrat, suggested if Arizona is going to have merchants weighing and assaying gold and silver to determine its value, perhaps the state should not stop there.

So Farley proposed an “Arizona-centric” list of additions from the “Five Cs” for which the state is known – copper, cattle, cotton, citrus and climate.

He said, for example, there is little difference between trading beef or oranges as commodities versus gold and silver.

“And what has more value than sunbeams?” he added, though he didn’t describe how they could be counted.

Farley’s lighthearted effort to amend the bill met with frowns from its supporters.

Senate President Andy Biggs, R-Gilbert, called it an “unfortunate attempt” at humor. And Crandell bristled at having fun poked at his measure.

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