Has anyone ever spent silver or gold for its legal tender value?

ozziestacka

ozziestacka

New Member
I've been curious if anyone has ever done this? More to see the reaction of the cashier who would probably never have seen the precious metals and would reject them. I wonder how high you'd have to go up in management to get them to accept it?

Not that I'd ever do this, but no matter how I look it up in a search engine I don't find any story other than people accidentally spending American coins with some silver content or the occasional 1966 round 50c coin.
 
hardyakkagold said:
Yes ozziestacker, back in the nineties impatience got the better of me waiting for the $200 gold coin prices to rise higher than the legal tender value,
so I said bugger this and took a whole stack of them to my local bank and deposited them into my account.
The teller didn't bat an eyelid, I recon it would be different if someone did it now days.
Oh, and I made sure to rub the coins together to destroy their numismatic value just encase the teller or the other bank workers wanted to exchange
their paper dollars for my gold coins.;)
Click to expand...

Same time, same reasoning, but I took one to the newsagent and bought a newspaper. Ended up taking about 10 mins to convince them to take it. They kept trying to get me to take it to the bank, I said "no, it's legal tender that I want to spend here"
 
Has anyone ever spent silver or gold for its legal tender value?

It's legal tender but not for Circulation.
Shop can refuse to take them.
Mind Alibaba do have lot of fakes one these days.
Even $2 there are fakes out there. :eek::rolleyes::rolleyes::rolleyes:
 
Not me, but my grandparents. They migrated from UK to WA in the 1920s. Grandad worked for the railways and was paid in cash (as was everyone in those days). Even after decimalisation he was a cash only guy. After he passed, I found his old coin holder with spade guineas, sovs and half sovs. Hard to believe he used them for the weekly shopping, now worth thousands
 
No, I wonder how it would fly now to try and deposit a Lunar into my bank account? The Milennial beind the counter would probably throw up a "tilt" lamp.
 
junks silver got spent, dime quarters for sure
sometimes, not everyone keep the 90% silver
 
I remember as a kid spending threepences, sixpences, shillings and florins. When decimal was introduced, I remember spending round fifties.
I remember our neighbour had an old laundry shed full of Coke and Fanta bottles. She said I could take them all down to the corner shop and keep what I got for them. I got 3d for each of the small bottles and 6d for the big bottles. I thought it was fantastic! I remember that kept me going to a long while.
Back then too, there was no bread baked on weekends. Mum gave me a shilling to buy my lunch at school on Mondays. I’d go down to the fish & chip shop and buy a shilling of chips. It was like getting $5 worth today. I always seemed to have more friends at school on Mondays!
 
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