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Re: What’s the difference between legal tender and spending money? A big headache for a Scarborough man

This to me is dumb! If I bring a piece of 'paper' with $50 stamped on it, does this mean the bank can refuse to accept it? At very least a silver coin made by the mint with $20 stamped on it should be worth that value and have to be accepted by the same bank that would accept paper money with an ink value of $5, $10, $20 or $50 stamped on it?

Why is the mint stamping a value on it's coins, be it 1, 10, 25 cents or 5,10 or 20 dollars, if a bank does not have to accept it at that value????

biggrassboy, 7/5/2012
CCRS member since: 11/2/2005
Posts: 2115


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Postings in this thread

What’s the difference between legal tender and spending money? A big headache for a Scarborough man (Brian R. Smith, 7/5/2012)
 Re: What’s the difference between legal tender and spending money? A big headache for a Scarborough man (biggrassboy, 7/5/2012)
  Re: What’s the difference between legal tender and spending money? A big headache for a Scarborough man (HOOKEDONCOINS, 7/7/2012)
  Re: What’s the difference between legal tender and spending money? A big headache for a Scarborough man (Brian R. Smith, 7/11/2012)
   Re: What’s the difference between legal tender and spending money? A big headache for a Scarborough man (Brian R. Smith, 7/16/2012)

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