Arizona committee votes to make gold and silver coins legal tender: Morning Report

Coin World gives you a quick look at what's going on in the world of numismatics
By , Coin World
Published : 02/05/15
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1. Legalizing it

The Committee on Federalism and States' Rights of Arizona's House of Representatives voted 5-2 Wednesday in support of a bill that would allow for, though not require, the acceptance of gold and silver coins as legal tender by Arizona government and businesses, according to Tucson.com

"There is nothing Arizona can do about the Internal Revenue Code," the Tucson.com report reads. "But SB 2173 would spell out that the buying and selling of such coins is not an investment under Arizona law and therefore not subject to state capital gains taxes."

A similar bill got the approval of the entire legislature in 2013 but was vetoed by Gov. Jan Brewer over concerns about lost state revenue.

Read the full story here.

2. Precious metals pricing

Kitco.com listed the following prices per ounce at 10:57 a.m. ET Thursday:

3. What's new on CoinWorld.com?

The U.S. Marshals Service 225th Anniversary coins have been popular during their first week of availability. Already a few are listed as "Out of Stock."

Full story here.

4. Yesterday's most-viewed post

2015 High Relief gold $75 coin is a misfire by the Mint on many levels

5. Being social

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