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Is it legal for a cashier to refuse to accept coins in payment for goods or services?
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
One dollar in silver payable to the bearer on demand?
That was written on the old US $1 silver certificate. At they time they were still in use, they could be redeemed for a dollar's worth of silver coins, but this practice was discontinued in the 1960s. The bill is still legal tender at face value today.
Are US retailers required by law to accept US coins in payment for goods?
No, retailers are allowed to accept whatever in payment for goods, be that US coins, Chinese Coins, gold and silver coins, or toothbrushes. A retailer can refuse to honor some or all US coins. However, since US coins are legal tender, a company cannot sue you for not paying a bill previously agreed upon in US dollars for paying in US coins. But at the point of purchase, a retailer can demand payment in whatever and can refuse US coins.
Is it legal to melt down 1964 Kennedy 50 cents coins for scrap silver?
Yes, it is legal to melt down silver coins for scrap. Many coin dealers and jewelry stores will buy them from you at melt prices along with refiners. The only coins illegal currently to melt down in the US are pennies and nickels. Silver coins were illegal to melt down before a lot of copper-nickel coinage was circulating but it is legal now.
Is it legal to sell the silver nickels to scrap dealers for the silver?
Yes it is legal to sell any silver coins to a scrap buyer. But first call around to the buyers in your area for the best price.
Is Gold or Silver legal tender?
Gold and silver are not typically considered legal tender in most modern economies. However, there are some countries where gold and silver coins are recognized as legal tender and can be used to make purchases. In the United States, the Coinage Act of 1965 states that gold and silver coins are legal tender for their face value, but their intrinsic value as precious metals far exceeds their nominal value.
Is there silver in the current English coinage?
There has been no silver in any British general circulation coin since 1946. Silver is used in some Non-Circulating Legal Tender coins and some Proof coins. Silver is far too expensive to be making coins from. A Penny made from pure silver would be worth a few Pounds.
Are there any silver certificates today?
Silver certificates were discontinued in the early 1960s, although the last bills were dated 1957 B. They're no longer exchangeable for silver coins or silver metal; that was suspended in 1968. Technically they're still legal tender and can be spent like other paper money, but that's not really a good idea because some are worth more than face value to a collector.
The republic of Uganda Set of six legal tender coins in silver?
The Republic of Uganda issued a set of six legal tender silver coins featuring various national symbols and themes. These coins are typically produced for commemorative purposes and can include images of notable figures, wildlife, and cultural heritage. They are recognized as legal currency but are often sought after by collectors due to their artistic value and limited mintage. The coins exemplify Uganda's rich heritage and commitment to preserving its history through numismatics.
When did Mexico stopped making silver coins?
It hasn't; Mexico still mints "Onzas Plata Libertad" (Freedom Silver Ounces), with some 1.2 Oz of .999 pure silver. Such coins can be purchased at any banking establishment for some 250 pesos (USD$18.66).
Is it legal to extract silver from coins?
It is generally illegal to deface or destroy currency, including silver coins, as they are considered government property. It is important to adhere to regulations and laws regarding the handling and treatment of currency to avoid potential legal consequences.
What is the standard of fineness of British coins?
No British decimal general circulation coin has any gold or silver content. Since the Great Recoinage Law of 1816, all gold coins including the Five Pound, Two Pound, Sovereign and Half-Sovereign coins were made to a fineness of 22 carat or 91.67% gold. Since decimal currency was introduced, these gold coins are non-circulating legal tender made for collectors and investors. Silver coins were traditionally 92.5% (0.925 fineness) silver until the end of the First World War and the spiralling price of silver. From 1919, all silver coins were produced with 50% (0.5000 fineness) silver until 1946. From 1947 onwards, due to Britains need to repay war loans to the USA, there was no silver in any British general circulation coin. These days since the introduction of decimal currency, there is a range of non-circulating legal tender silver coins with a silver content varying from 0.925 to 0.990 (pure silver) depending on the coin concerned. There is also a further range of high value Bullion coins of a gold and silver alloy. These are made from 22 carat (91.67% gold) and mostly silver for the rest.
