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In the United Kingdom -
1 and 2 Pence coins are legal tender for amounts up to 20 Pence.
5 and 10 Pence coins are legal tender for amounts up to Five Pounds.
20 and 50 Pence coins are legal tender for amounts up to Ten Pounds.
One, Two and Five Pound coins are legal tender for any amount.
Australia and New Zealand have similar limitations to the UK on low denomination coins.
In the USA -
All circulating US coins and banknotes are legal tender for all debts and charges.
(A retailer might reasonably refuse payment of large amounts in one cent coins due to the practicality of dealing with a wheelbarrow load of coins.)
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∙ 14y ago
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Can a shop turn away payment in pennies?
Actually it is their option to accept pennies. It just not very common. There are some countries that "advise" that the acceptance of pennies as payment may not exceed a certain amount after which they are not classed as "legal tender" one such country is the UK where up to 20 pence in pennies is the maximum that is classed as legal tender
Are pennies legal tender?
Yes penny's are legal tender.
Legal tender money?
Legal tender money is currency recognized by a government as valid for settling financial obligations, like taxes, debts, or purchases. It must be accepted for payment within the jurisdiction that issued it. Examples include banknotes and coins issued by a government's central bank.
Are wheat pennies currency today?
They are legal tender.
What is legal tender money?
a legal medium of payment
Is it legal tender to pay a bill with 1000 pennies?
No. The British Penny is only Legal Tender in amounts up to 20 Pence.
Are checks considered legal tender?
No
Are coins and checks legal tender?
coins are legal tenderpersonal checks, credit cards, and similar non-cash methods of payment are not usually legal tender
In Australia is one obliged to accept Australian currency in payment?
Yes - this is what "legal tender" means. The Australian dollar is legal tender in Australia.
What is limited legal tender money?
Legal Tender is a forced tender payment that should be not refused in settlement of a debt. http://en.wikipedia.org/wiki/Legal_tender
Are postage stamps legal tender?
No, they are not considered legal tender. If someone is willing to accept them, there is no problem with it, but they do not have to accept them.
Is the dollar considered legal tender?
The Australian Dollar is Legal Tender in Australia. The Bahamian Dollar is Legal Tender in the Bahamas. The Barbados Dollar is Legal Tender in Barbados. The Bermuda Dollar is Legal Tender in Bermuda. The Canadian Dollar is Legal Tender in Canada. The Fiji Dollar is Legal Tender in Fiji. The Hong Kong Dollar is Legal Tender in Hong Kong. The Jamaican Dollar is Legal Tender in Jamaica. The New Zealand Dollar is Legal Tender in New Zealand. The Singapore Dollar is Legal Tender in Singapore. The US Dollar is Legal Tender in the USA.
