Cryptocurrency Q&A
Are Australian $1 coins legal tender?
Are Australian $1 coins legal tender?
Andrea
Mon Jan 27 2025
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7
answers
1302
I'm curious about the Australian $1 coins. Are they considered legal tender in Australia? I want to know if these coins can be officially used as a means of payment.
7 answers
Riccardo
Wed Jan 29 2025
The Australian dollar coin, denominated as $1, holds a special legal status in financial transactions.
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Sebastiano
Wed Jan 29 2025
For any payment of a debt, this coin is recognized as legal tender provided the amount does not exceed ten times its face value.
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Margherita
Wed Jan 29 2025
This regulation ensures the $1 coin's utility and acceptance in various financial settings.
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MysticStar
Wed Jan 29 2025
Since its introduction in 1984, the Royal Australian Mint has been responsible for issuing this currency.
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MysticGlider
Tue Jan 28 2025
Over the years, the mint has released several commemorative $1 coins to mark significant events and anniversaries.
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