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<p>[QUOTE="Dilip.Nair, post: 1755714, member: 56507"]I think Rickipedia may have a point, Just cos it was minted in 100 years back doesn't make it a legal tender. As long as the same authority who minted the coin and Constitutional rules apply I think a One cent made a hundred years ago is still a legal tender on par with the common ones in circulation- Unless until That denomination has been phased out.</p><p> </p><p>In my Opinion, I think it is a serious offense.</p><p> </p><p>I base my argument on this below case : The Swiss francs and rappens</p><p> </p><p><a href="http://en.numista.com/catalogue/pieces173.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.numista.com/catalogue/pieces173.html" rel="nofollow">http://en.numista.com/catalogue/pieces173.html</a></p><p> </p><p>I read somewhere that a rappen coin that was struck in the 19th century was as good as the one minted today. ( The intrinsic values will be different considering that the metals in older coins had silver and the Value of the raw material itself greater than the denomination, The Federal Authorities of Swiss had to then pull out the coins , To avoid ppl extracting and selling the metal itself through Arbitrage, The other reason being the older coins would not fit into the Telephone booth orifice )</p><p> </p><p>But All said, This is just my opinion and My logic may be completely wrong[/QUOTE]</p><p><br /></p>
[QUOTE="Dilip.Nair, post: 1755714, member: 56507"]I think Rickipedia may have a point, Just cos it was minted in 100 years back doesn't make it a legal tender. As long as the same authority who minted the coin and Constitutional rules apply I think a One cent made a hundred years ago is still a legal tender on par with the common ones in circulation- Unless until That denomination has been phased out. In my Opinion, I think it is a serious offense. I base my argument on this below case : The Swiss francs and rappens [url]http://en.numista.com/catalogue/pieces173.html[/url] I read somewhere that a rappen coin that was struck in the 19th century was as good as the one minted today. ( The intrinsic values will be different considering that the metals in older coins had silver and the Value of the raw material itself greater than the denomination, The Federal Authorities of Swiss had to then pull out the coins , To avoid ppl extracting and selling the metal itself through Arbitrage, The other reason being the older coins would not fit into the Telephone booth orifice ) But All said, This is just my opinion and My logic may be completely wrong[/QUOTE]
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