The coin is described as the first in a series called Wildlife in Motion. It is not known how many coins will be in the series, or if they will all be offered as $100 for $100 coins. The Mint’s previous issues of “face-value” silver coins have been limited to a series of coins being sold for $20, with much less silver. Those issues have proven popular, usually selling out in a relatively short period of time. Continue reading →
Legal tender does not mean an item can be converted into another form of cash, but simply that it can be used to pay a debt. When a merchant or bank agrees to swap four 25-cent pieces for a dollar or vice versa, it is doing a favour. The redemption of coins is the prerogative of the federal government, if it so chooses. It also has limits. Sure we all hear about people offering to pay their tax bill or some fine in pocket change as a form of protest, but it doesn’t quite work that way.
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