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<p>[QUOTE=&quot;fusiafinch, post: 873058, member: 18382&quot;]Anyway, just to answer the original question, you can spend any U.S. coin produced by the US Mint that has a stated denomination on it for face value. This could be economically ridiculous, but you can still do it.</p><p><br /></p><p>And there are some abuses. At our coin club, a member brought in a news article from last fall about an elderly woman who went to the bank to cash in some old Liberty double eagle coins. She had ten of them. The bank teller gave her $200, which is the face value of the coins. Afterward, the woman was informed by friends that she should have received the gold content, and the bank fired the teller for misleading the woman and reimbursed her for the spot gold content. So it also goes both ways: both the spender and person accepting the payment need to agree on value. Interesting.</p><p><br /></p><p>And the bank teller knew what he was doing. He pocketed the gold coins for face value, put $200 of his own money in bills into the till, and sold the double eagles to a coin dealer for the gold content. In reviewing his actions, the bank decided to fire him.</p><p><br /></p><p><br /></p><p>Steve[/QUOTE]</p><p><br /></p>

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