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<p>[QUOTE="Cherd, post: 25442910, member: 24754"]I can't claim to be familiar with US laws when it comes to this kind of thing. But, I would have assumed that there would be legal differences based on whether legal tender coins were minted for business purposes (Old dollars, half dollars, etc) or for bullion purposes (silver/gold eagles, etc).</p><p><br /></p><p>Morgan dollars were minted to be dollars. While bank tellers would have an ethical obligation (in my opinion) to tell depositors that they are ripping themselves off by depositing them, it seems that banks could treat these just like any other type of money. However, while labeled as such, gold eagles were never intended to actually represent $20, therefore, I could see where it could be a crime for banks to treat them as such.</p><p><br /></p><p>As I understand it, dollar values were assigned to bullion coins for the sole purpose of having anti-counterfeiting measures apply to them. This puts them into a different category in my mind, but like I said, I'm pretty ignorant on this subject.</p><p><br /></p><p>I guess there's also the issue of Pre-33 gold coins, which were intended to be used in circulation (or no?). Suppose that might be another category.[/QUOTE]</p><p><br /></p>
[QUOTE="Cherd, post: 25442910, member: 24754"]I can't claim to be familiar with US laws when it comes to this kind of thing. But, I would have assumed that there would be legal differences based on whether legal tender coins were minted for business purposes (Old dollars, half dollars, etc) or for bullion purposes (silver/gold eagles, etc). Morgan dollars were minted to be dollars. While bank tellers would have an ethical obligation (in my opinion) to tell depositors that they are ripping themselves off by depositing them, it seems that banks could treat these just like any other type of money. However, while labeled as such, gold eagles were never intended to actually represent $20, therefore, I could see where it could be a crime for banks to treat them as such. As I understand it, dollar values were assigned to bullion coins for the sole purpose of having anti-counterfeiting measures apply to them. This puts them into a different category in my mind, but like I said, I'm pretty ignorant on this subject. I guess there's also the issue of Pre-33 gold coins, which were intended to be used in circulation (or no?). Suppose that might be another category.[/QUOTE]
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