Why Do Large Dollars Weigh More Than 2 Half Dollars? - Page 2

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DoubleEagle20 Pillar of the Community United States 1750 Posts	Posted 10/19/2014 3:06 pm The dollar was kept near the Spanish and Mexican 8 Reales coin for trade purposes. Other European coins were of the nearly the size and weight. Back then it was more about the metal content than the currency unit of the coin. Report this Post to the Staff
0xDA71D Pillar of the Community United States 1215 Posts	Posted 10/19/2014 3:16 pm So back then, can you trade 10 dimes for a Morgan dollar at the bank? Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 10/19/2014 8:36 pm Yes, but only up to 50 dimes worth because beyond $5 the dimes were no longer legal tender. While today the interpretation of "Legal Tender" is that it MAY be accepted, back in the 19th century it was interpreted to mean that it MUST be accepted. Back then banks could and did refuse deposits of large sums of coins that exceeded their legal tender limits. And you could exchange 10 dimes for a Morgan dollar at the bank up until the mid 1960's Edited by Conder101 10/19/2014 8:37 pm Report this Post to the Staff
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