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Posted 07/07/2012 12:15 pm
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So are there similar rules here in the US? Does this mean that we can't spend 2012 and later Presidential dollars or 2002 and later halves?
So are there similar rules here in the US? Does this mean that we can't spend 2012 and later Presidential dollars or 2002 and later halves?
Not if the person you are trying to give them to doesn't want them. Just because something is legal tender that doesn't mean that anyone has to accept it, and that includes banks. If it is unfamiliar you can have a problem getting it accepted. Try spending a Two Cent, Three Cent, a trime, or a Half Dime. I've had V nickels refused. And those nice ten and twenty dollar bills, no one has to accept those either. I would think some people would balk at taking the clad commemorative half dollars as well.
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If its not legal tender the mint shouldnt put a face value on it. If theres a face value you should be able to spend it for that.
If its not legal tender the mint shouldnt put a face value on it. If theres a face value you should be able to spend it for that.
But it is legal tender, and you can spend it, IF you can find someone willing to accept it.
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, anything the US mint puts out with face value can be spent at face value
if the seller is willing to take it., anything the US mint puts out with face value can be spent at face value
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Who on earth would want to cash a silver $5 coin with 36g of silver in for $5 anyway.
Who on earth would want to cash a silver $5 coin with 36g of silver in for $5 anyway.
Well if silver was $3 an oz..... Don't laugh that happened in Canada years ago with the 76 olympic coins. They originally sold for double face which was just a little above their metal value. But then a few years later the spot price of silver dropped and the face value of the coins was higher than the metal value. Years later the same thing happened with the silver maple leafs. Silver dropped and they had a $4 metal content and a $5 face value. Both times people started trying to take them to the bank and found that the bank didn't want them. Eventually they would find out how to exchange them but usually by then the silver had moved back up.
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So how can you get it to be legal tender if it's not allowed to circulate? An oxymoron, right there. So....I can only circulate it between me, myself, and I.
So how can you get it to be legal tender if it's not allowed to circulate? An oxymoron, right there. So....I can only circulate it between me, myself, and I.
No you can circulate it between you and anyone else willing to accept it, just like any other coin or paper money.
