Are Coins Legal Tender?

Coins are typically made from metal, such as gold, silver, copper, or nickel, and can be exchanged for goods and services. In most cases, coins will carry a face value or denomination which represents their value in everyday transactions. There are particular coins, like the Gold Krugerrand the Silver Libertad, which are considered legal tender and are issued by a sovereign government, but lack a specific face value or denomination.

Yes. Coins are legal tender by definition. Merriam-Webster defines a coin as “a usually flat piece of metal issued by a governmental authority as money.” Coins have been used as a form of currency for thousands of years and are still used today in many countries around the world. 

Coins are typically made from metal, such as gold, silver, copper, or nickel, and can be exchanged for goods and services. In most cases, coins will carry a face value or denomination that represents their value in everyday transactions. Certain coins, like the Gold Krugerrand and the Silver Libertad, are considered legal tender and issued by a sovereign government but lack a specific face value or denomination.

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