100$ For 100$

Any legal tender must be accepted for debt payment, in any denomination. The limits on coins per transaction has to do with retail transactions. If I owe the bank $1000, and bring them 200 maples to pay it, they either accept or write off the debt. THAT's the law.

You keep saying this but have never provided evidence of such a law. Just like picking Trilium followers in Ontario. While it is a popular belief that it is illegal to pick the common Trillium grandiflorum (white trillium) in Ontario, in reality they are only protected in provincial parks and land owned by conservation authorities.However, the rare Trillium flexipes (drooping trillium) is protected by law in Ontario,because of its very small Canadian population.

Just because you believe it is the law does not make it so.

I believe there was a previous thread on this. My vague memory of what it came down to is that the retailer has the right to decide what they accept as payment. For example, some say they don't accept $100 bills. So just because it's "legal tender" doesn't mean they have to accept it. However banks must accept it at face value. While many bank staff may be unfamiliar with the process to do so (and therefore say they don't) it is spelled out by the central bank (memory is even vaguer on exactly which institution it was) and they can obtain the necessary information by contacting them.

No offense, but I think some of you are misding the didrçtiction between currency and debt payment. Paying a bill has different (much more liberal) standards than buying a bag of chips or aTV.

I have to agree with Anjohl.

The term "Legal Tender", by definition (which I have quoted here: https://goccf.com/t/148324&whichpage=7#1349146) can be use to pay DEBT (not necessarily buying/exchange for stuffs, this is COMMERCE). So, if you own someone money (ie: debt) then you can use any form of legal tender to pay off your debt (with limitation set by the law). As in the case of 20-4-20 or 100-4-100, you are limited to ONE coin per transaction.

What does that mean: You can use ONE of those two mentioned coins to pay off any DEBT (at face value). On the other hand, when you want to buy something, the merchant does NOT have to accept those coins as PAYMENT (basically they just refused your business). One must be very clear on this: DEBT vs PAYMENT are two separated and different thing.

Note: In commerce, the exchange of goods & services, as in I'll trade you my apple for your orange or I'll trade my 1hr labor for your 1ozt of silver round or I'll trade you my bike for your $100 bill ===> the form of payments for any of these transaction just have to be agreed between the two parties. Most of the time, what we are doing are buying/selling/trading for goods and services, this is COMMERCE. You may be paying for your gas or for grocery but this is the exchange of goods and services, NOT DEBT.

So, going back to the point: The $100-4-$100 is a great coin with good collector values. However, I have to agree with Dooby Rak's statement "don't buy .... as an investment.... ". One should NOT being doing what he's describing anyways; since we know the limit on using this coin to pay DEBT (one coin per transaction), and investment carry a lot of risk + collectible coins and investment usually don't go together.

One last thing: It's true that the government has all the authority to legalize or un-legalize anything. However, doing so, in the case of the legal status of any part of the currency system will UNDERMINE the system itself. For the stability of the system, the country, and the flow of commerce, all the modern democratic government (over the last 300 years) have never remove the legal status of their own currency. What they do is DEVALUE it and/or let the 'bad money' push 'good money' out of circulation (in the case of silver and gold coins being replaced by based metal coins, US Mint stop minting the Half-Cent coin because of the devaluation of USD). In modern history, when there's a change in the government system (as in communist take over, fascist take over, or democratic take over (the case of West Germany & East Germany)) then the government in power usually change or remove the legal status of the previous government through a system of exchange currency.

Oh, by the way, if any of you want to exchange/use any of your NCLT coins (coins such as these: dino GITD, birds, silver, gold, proof, etc) for face value, just let me know and I'll gladly do it for you, when we split the cost of shipping.

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I actually did take them to the bank awhile back just what to see what they said. Everyone at the bank was curious and the teller was telling everyone to come over and look. She had to ask the manager of course as she didn't know how to put it into the computer. He was super nice about it and was just more fansinated by them more then anything else. While I was waiting some ppl in line were overlooking and assking questions about them. ended selling about 8 of them for $30 a pop while waiting.. After the manager made a call, 10 mins later he said no prob, he'd love to. At that point I said I changed my mind as I just sold some and could get more for them. In the end the manager and cashiers were a little dissapointed as they wanted to get their hands on them. It was quite the aight though cause I did open them ip in this big box (my custom GO7 case), it looked like treasure!

So in the end YES they WILL take them, they just won't know how to input it into the computer or handle them without a district manager type person..

Just a heads up I've successfully deposited these to my bank, no hold period. A long process with lots of paper work though (took 2 hours to deposit 100 of these coins)