Are these coins still regarded as legal tender and is it legal to melt them for refining purposes? Thanks REDBACK
I'm pretty sure the govt doesn't expect them to be used, but afaik they can be exchanged at the bank. Why would you want to? I'll buy them, or do a swap if you want!
Some dealers got into the habit of either centre punching them(not to bad) or indenting both sides to take them off the market as tradable silver. Before any one asks i have no idea as to the logic behind this,the reason given was to take them off the market so they don't recirculate. I kinda said wtf I pointed out the mintage #'s may make this a difficult task Redback
Yes, they are legal tender. Yes, it is illegal to melt them. Melting down 66 rounds is however an excellent way to lose money by removing the premium they sell for in their current state.
Yes. Actually, the old pre-decimal stuff is also still legal tender (technically) and those coins are illegal to melt or deface as well. The only coins that were once legal tender in Australia and are no longer legal tender are the Holey dollar and the Dump. Everything else is still "Australian money".
