Will SC Soon Approve Silver and Gold Currency?

Lexington Rep. Rick Quinn is pushing a bill in the S.C. Statehouse that would make gold and silver legal tender in South Carolina, joining Utah as the only other state to do so, the Associated Press reports.

Sound implausible? Well, the bill took a major step on Tuesday when it was passed by the House Judiciary Committee, the AP reported again today.

"The bill that advanced Tuesday would also exempt the coins from any sales tax, a provision also included in the only other similar bill to become law in the country. Last year, Utah became the first state in the country to legalize gold and silver coins as currency," the AP report said.

The measure approved by the House Judiciary Committee would let people use the precious metals as money as long as businesses agree to take them. 

The bill now moves to the House floor.