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National Currency As Legal Tender

 
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Author Previous TopicReplies: 7 / Views: 359Next Topic  
Pillar of the Community

United States
2179 Posts
 Posted 11/20/2022  10:03 pm Show Profile   Bookmark this topic Add nick10 to your friends list Get a Link to this Message
Does National Currency still have legal tender status in the US?
Pillar of the Community
United States
6624 Posts
 Posted 11/20/2022  10:52 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
Yes. still redeemable at face value. As are gold certificates, silver certificates, treasury certificates, fractional currency and United States Notes.
Pillar of the Community
United States
3900 Posts
 Posted 11/20/2022  11:17 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply

Quote:
Yes. still redeemable at face value.

Pretty amazing when you think of it.
Pillar of the Community
United States
1678 Posts
 Posted 11/21/2022  08:45 am  Show Profile   Bookmark this reply Add mds308 to your friends list Get a Link to this Reply
Legal. I'm certain you'd get some strange responses from the clerk who took the note. Overheard on the loudspeaker: "I NEED A MANAGER AT REGISTER THREE." Then the police show up and everybody stands around scratching their collective heads.
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United States
73646 Posts
 Posted 11/21/2022  08:48 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Cleanup in Aisle 3?
Bedrock of the Community
United States
47515 Posts
 Posted 11/21/2022  08:53 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I think they are redeemable at a bank. I do not think any store has to accept them.
John1
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
Pillar of the Community
United States
4493 Posts
 Posted 11/21/2022  12:38 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
I believe fractional currency is also legal tender. That would cause confusion at a bank.
Valued Member
United States
51 Posts
 Posted 11/21/2022  6:52 pm  Show Profile   Bookmark this reply Add Ynnad to your friends list Get a Link to this Reply
U.S. coins and currency, including fractional notes and National Currency, are legal tender for public and private debts. An offer to purchase merchandise or deposit money into an account is not a debt.
Edited by Ynnad
11/21/2022 6:54 pm
  Previous TopicReplies: 7 / Views: 359Next Topic  
 
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