Cryptocurrency Q&A
Are Australian coins legal tender?
Are Australian coins legal tender?
Skywalker
Fri Jan 31 2025
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7
answers
1648
I am curious about the legal status of Australian coins. Specifically, I want to know if they are considered legal tender in transactions.
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7 answers
Eleonora
Sun Feb 02 2025
When making payments, there are specific regulations regarding the use of coins.
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KpopStarlight
Sun Feb 02 2025
If an individual wishes to pay a merchant using five-cent coins, there is a limit to the amount they can use.
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Leonardo
Sun Feb 02 2025
Specifically, the maximum value of five-cent coins that can be used for payment is $1.
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Elena
Sat Feb 01 2025
Any amount exceeding this limit will not be accepted as legal tender.
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AltcoinExplorer
Sat Feb 01 2025
This regulation ensures that large transactions are not conducted solely with small denomination coins.
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