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a legal medium of payment
Dawson Beatty
Wiki User
∙ 10y agoLegal tender (noun) is variously defined in different jurisdictions. Formally, it is anything which when offered in payment extinguishes the debt. Gold and silver have historically been considered as legal tender, with paper currency being added in modern times. Under the Coinage Act of 1965 (USA) all gold and silver bullion coins are defined as legal tender.
Wiki User
∙ 12y agoAssuming you are meaning a current-day quarter which has then been gold-plated by a 3rd party, the answer is: technically, no. You have defaced the currency by gold-plating it, and thus, it is no longer valid currency.
In reality, it will likely be valued at the price of the gold required to plate it. That is, it will have value for its gold, not for its currency.
The US Treasury did not every produce gold-plated quarters, so there are no "real" US quarter coins.
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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.
When did farthings cease to be legal tender?
The Farthing was in use in British currency from the 13th century until 31 December 1960, when they ceased to be legal tender.
Is it legal tender if a coin is stamped copy?
No, a coin that is stamped with the word "copy" is not considered legal tender. These coins are replicas or replicas meant for collectors and do not hold any monetary value.
What is illegal tender?
Illegal tender refers to currency, such as counterfeit money, that has no legal value and is not recognized by a government as valid currency for transactions. Using illegal tender can lead to legal repercussions, as it is a form of fraud.
Are Euroes legal in Canada?
Yes, Euro banknotes are not considered legal tender in Canada. Transactions in Canada are typically conducted in Canadian dollars.
Are gold plated quarters legal tender?
If they're genuine U.S. quarters, then yes, they're legal tender at face value.
How do you use tender in a sentence?
A baby's skin is soft and tender. <><><> Tender can be a verb "I tender my resignation." It can be an adjective "This is a tender steak" It can be a noun "These gold coins are legal tender." or "he served on a ship in the Navy- a submarine tender."
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.
Are pennies legal tender?
Yes penny's are legal tender.
Who use legal tender?
Legal tender is everyday money.
How do you spend gold coins?
Gold coins are not legal tender (at least in the USA). You could first sell them or trade them which could serve the same purpose.
Are Scottish bank notes legal tender?
NO they are not legal tender in Scotland or anywhere else so no to England as well. In fact Scotland has no such thing as legal tender, however Bank of England notes are legal tender in England only
Are superseded US dollar notes still legal tender?
Older U.S. currency is still legal tender at face value, but may be worth more to collectors. Note: silver certificates are no longer redeemable for silver (likewise with gold certificates).
What is the name of a former US gold coin worth 10 dollars?
The Eagle was a $10 gold coin used as legal tender in the United States before 1933.
Is One Million Dollars USD Note year 1988 a legal tender?
it is not legal tender
Are postage stamps legal tender in the uk?
No - only coins and notes of the realm are legal tender.
Is cash for gold trustworthy?
Gold is full bodied money with intrinsic value for the face value against the representative paper money with reserve kept in form of gold as legal tender money and therefore trustworthy only if the quality,value and ownership of the gold will not entail any legal hassle.
