Double Eagle Coins Used To Pay A Wal-Mart Bill

Reader Comments (Page 1 of 1)

3-31-2009 @ 10:37PM

micki said...

Legal tender gold coins have several values depending on whether you look at the nominal, intrinsic or numismatic value. From a legal stand point however the coin can be used at the face value and noone is forced to value it at a higher rate than that. Furthermore being legal tender it is illegal to refuse the coins as payment. So first of all Walmart broke the law, secondly, the bank was from a legal point of view not doing anything wrong changing the coins. It is however nice to see that they are trying to correct a mistake make by the lady handing in the coins. This just shows how ignorant people are about money and particularly history of money and what honest money is (i.e. as opposed to counterfeit fiat)

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