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Cents and half cents not legal tender?
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<p>[QUOTE="Ed23, post: 2080288, member: 32117"]Now one can't forget that one of our first American cents was the 1792 Silver Center Cent? Was that then an attempt to make cents legal tender?</p><p><br /></p><p>The whole concept of a coin that isn't legal tender because it isn't silver of gold defies common sense, as Poor Richard pointed out, "a penny saved is a penny earned". I doubt very seriously that there were any citizens around during the 18th and 19th century that walked on by a copper cent just because it wasn't silver or gold. The common copper cent of 200 years ago possibly got in exchange as much, if not more, merchandise than a single Federal Reserve dollar note buys today, and yet many, including myself, still bend down to pick up every copper plated zinc cent when we see them on the ground. By the very meaning of legal tender then, it means the coin has value to pay a debt or purchase an item in an exchange in commerce, and 100 of those copper plated zinc cents will still buy me a half of a Snicker's bar today.[/QUOTE]</p><p><br /></p>
[QUOTE="Ed23, post: 2080288, member: 32117"]Now one can't forget that one of our first American cents was the 1792 Silver Center Cent? Was that then an attempt to make cents legal tender? The whole concept of a coin that isn't legal tender because it isn't silver of gold defies common sense, as Poor Richard pointed out, "a penny saved is a penny earned". I doubt very seriously that there were any citizens around during the 18th and 19th century that walked on by a copper cent just because it wasn't silver or gold. The common copper cent of 200 years ago possibly got in exchange as much, if not more, merchandise than a single Federal Reserve dollar note buys today, and yet many, including myself, still bend down to pick up every copper plated zinc cent when we see them on the ground. By the very meaning of legal tender then, it means the coin has value to pay a debt or purchase an item in an exchange in commerce, and 100 of those copper plated zinc cents will still buy me a half of a Snicker's bar today.[/QUOTE]
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