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Butler, 95 U.S. 694 (1877), establishes that the law makes no legal distinction between the values of coin and paper money used as legal tender: A coin dollar is worth no more for the purposes of tender in payment of an ordinary debt than a note dollar. The law has not made the note a standard of value any more than coin.
Bullion coins are government-minted, legal tender coins made of precious metals, such as gold, palladium, platinum, rhodium, and silver.They are kept as a store of value or an investment rather than used in day-to-day commerce.
The largest legal-tender gold coin ever produced was unveiled in 2012 by the Perth Mint in Western Australia. Known as the "1 Tonne Gold Kangaroo Coin " and with a face value of one million dollars, it contains one tonne of 9999 pure gold and is approximately 80 cm in diameter by 12 cm thick.
As of 2005, banknotes were legal tender for all payments, and $1 and $2 coins were legal tender for payments up to $100, and 10c, 20c, and 50c silver coins were legal tender for payments up to $5. These older-style silver coins were legal tender until October 2006, after which only the new 10c, 20c and 50c coins, introduced in August 2006 ...
While their actual selling price (purchasing power) varies based on the spot price of gold, [4] these coins carry face values of $5, $10, $25, and $50. These are their legal values, reflecting their issue and monetized value as "Gold Dollars", as opposed to standard bullion. They are legal tender [5] for all debts public and private at their ...
Earlier this year, the Utah state legislature passed a law making gold and silver coins legal tender. Now, a Salt Lake City-area numismatist hopes to set up a system that will allow Utahans to use ...
The Gold Maple Leaf is legal tender with a face value of 50 Canadian dollars. The market value of the metal varies, depending on the spot price of gold . Having a .9999 millesimal fineness (24 karats ), in some cases .99999, the coin is among the purest official bullion coins worldwide.
The coin follows the design of the Indian Head nickel and has gained its nickname from the American Bison on the reverse side of the design. This was the first time the United States government minted pure (.9999) 24-karat gold coins for the public. [1] The coin contains one-troy ounce (31.1g) of pure gold and has a legal tender (face) value of ...
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