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National Currency As Legal Tender

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Author Previous TopicReplies: 7 / Views: 1,207Next Topic  
Pillar of the Community

United States
3207 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 Number of Subscribers
Does National Currency still have legal tender status in the US?
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westernsky's Avatar
United States
7618 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.
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SteveInTampa's Avatar
United States
4637 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.
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mds308's Avatar
United States
1721 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.
Bedrock of the Community
Coinfrog's Avatar
United States
94367 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?
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John1's Avatar
United States
56855 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
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jimbucks's Avatar
United States
4692 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.
Pillar of the Community
United States
692 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: 1,207Next Topic  

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