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<p>[QUOTE="Conder101, post: 872864, member: 66"]Yes all coins and currency are OFFICIALLY legal tender, and can be accepted or refused for payment. How ever it IS possible for the old silver and gold coins to lose their legal tender status if they have lost too much weight from wear. Around the time of the Civil War the government first began consideration of redemption of some of the minor coins and passed legislation for redemption of coin at face value if not worn beyond a certain amount. Coins worn more than that amount were no longer legal tender and were only acceptable at a pro-rated value by weight. And this goes back even further. Sec 16 of the original Mint Act states "all gold and silver coins which have been struck at and issued by said mint shall be legal tender in all payments whatsoever, those of full weight according to their respective values and those of less than full weight ay values proportional to their respective weights."</p><p><br /></p><p>The Act of 1873 states that the coins are legal tender at their nominal values as long as they are not less than the legal standard weight less the legal per piece tolerance amount. If they are worn more than that then they are legal for their pro-rated value by weight. If they are more than 1 1/2% low they are to be withdrawn.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 872864, member: 66"]Yes all coins and currency are OFFICIALLY legal tender, and can be accepted or refused for payment. How ever it IS possible for the old silver and gold coins to lose their legal tender status if they have lost too much weight from wear. Around the time of the Civil War the government first began consideration of redemption of some of the minor coins and passed legislation for redemption of coin at face value if not worn beyond a certain amount. Coins worn more than that amount were no longer legal tender and were only acceptable at a pro-rated value by weight. And this goes back even further. Sec 16 of the original Mint Act states "all gold and silver coins which have been struck at and issued by said mint shall be legal tender in all payments whatsoever, those of full weight according to their respective values and those of less than full weight ay values proportional to their respective weights." The Act of 1873 states that the coins are legal tender at their nominal values as long as they are not less than the legal standard weight less the legal per piece tolerance amount. If they are worn more than that then they are legal for their pro-rated value by weight. If they are more than 1 1/2% low they are to be withdrawn.[/QUOTE]
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