So a stamp will always be worth (at minimum) the value listed on it. The short answer is; yes, it is perfectly legal. C $12.70. On the other hand, coins made of gold or silver may not necessarily be legal tender, if they are not fiat money in the jurisdiction where they are preferred as payment. While it looks like a prop from a sci-fi-themed game show, it is actually legal tender that will set you back $14.95. US postage stamps are not legal tender and thus they cannot be taken for payment of goods and services. For example, a roll of 50 pennies is not considered legal tender since the ‘legal tender’ limit is 40 pennies. Reminder: Effective January 1, 2021, the Government will remove legal tender designation from certain bank notes that are no longer being produced—the $1, $2, $25, $500 and $1,000 notes—the final step to fully removing them as transactional notes in Canada. To withdraw the status of legal tender from a coin (etc.) No. THREE 1928 US $2 UNITED STATES RED NOTE. AnswerAll US postage stamps issued since the Civil War (i.e., 1861-65) are still valid for postage at the price indicated on the stamp. In high value non-circulating coins, such as $5 and up, the limit is one coin, except for Montreal Olympics commemoratives, where legal tender are units of two coins as they are governed by a different act. Find another word for legal tender. The book went away so did the stamps and today the US postage is not legal tender. Find another word for legal tender. So there is no need to exchange it towards something more current. 3) Are US stamps legal tender? and remove it from circulation. Subsequent issues would no longer include images of stamps and were referred to as Fractional Currency. Ending 17 Dec at 15:43 EST 6d 3h. While you are free to accept stamps as payment for a service or goods, there is no legal obligation for you to accept them when offered and you have no legal recourse if payment in stamps is refused! Some years ago the postal service [still available in some countries in Europe] used to have "saving stamps" which you would adhered to a small book that you would also get at the post office, once it was full it could be tendered for cash at the post office. 1 bid Ending Today at 14:07 EST 2h 22m. US 1880 $20 "Hamilton" Legal Tender FR 147 PMG 25 Ch VF (525) $674.95. The book went away so did the stamps and today the US postage is not legal tender. Some years ago the postal service [still available in some countries in Europe] used to have "saving stamps" which you would adhered to a small book that you would also get at the post office, once it was full it could be tendered for cash at the post office. Some varieties even had a perforated stamp-like edge. The amounts for legal tender are stated below. You could try creating your own (non-legal) tender using these Photoshop tutorials. Many people are confused about what legal tender means. It’s actually about settling debts rather than how you can pay for things. While not considered a legal tender, postage currency could be exchanged for United States Notes in $5 lots and were receivable in payment of all dues to the United States, up to $5. Debit cards, cheques and contactless aren’t legal tender anywhere. Stamps are a collectable commodity and as such are traded on the open market like any other. 26 posts. 1880 LEGAL TENDER $1 DOLLAR UNITED STATES BRUCE/Wyman PMG-40 Extremely Fine. They will not be redeemed by anybody. David Brent and Gareth talking about the postage stamp being legal currency. 25 synonyms of legal tender from the Merriam-Webster Thesaurus, plus 55 related words, definitions, and antonyms. They are not a legal tender. 11 and a half counts as 11p 2. Learn about legal tender bank notes, what removing legal tender status means and which bank notes are affected. C $20.35. C $24.04 shipping . Shipped with USPS First Class. The crime of making, using, or vending stamps that have been canceled is a felony, and is punishable by imprisonment for three years, and by a fine of one thousand dollars. 1943 Post Office Department, U.S., A Description of United States Postage Stamps Issued by the Post Office Department from July 1, 1847, to April 1, 1945 [sic]. Legal tender: something (as pieces of stamped metal or printed paper) customarily and legally used as a medium of exchange, a measure of value, or a means of payment. See more. Click add to cart now! Fr-37 Series 1917 United States Legal tender $2 note Red seal . Let us help you out. $5 "PHILADELPHIA" (NATIONAL CURRENCY) 1882 $5 "PHILADELPHIA" (BROWNBACK) RARE!!! Shipped with USPS First Class. C $24.33 shipping. Free shipping . 22 February 2008 at 10:36AM. Legal tender definition is - money that is legally valid for the payment of debts and that must be accepted for that purpose when offered. Historic American LIGHTHOUSES Colorized U.S. State Quarters 28-Coin Set with BOX. Features a Perth Mint full-colour Australian legal tender Christmas coin. Coins: Coins are legal tender throughout the United Kingdom for the following amount: £100 - for any amount. 31 USC 5103 states: “United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.” As the U.S. Treasury Department has noted, however, there is no Federal law requiring a business to accept cash as payment: C $102.12. C $19.76 shipping. Deuce! It was not accepted, despite stamps being dollars already paid to Australia Post. 22 February 2008 at 10:36AM. How to use legal tender in a sentence. They have not the slightest intrinsic value. In the United States, all paper money and coins, in all its denominations, are accepted as legal tender. When the clock officially rolls over into 2021, tens of millions of old Canadian bills will lose their legal tender status, meaning they technically can’t be used in transactions. Our use of cookies . 1880 LEGAL TENDER $1 DOLLAR UNITED STATES BRUCE/Wyman PMG-40 Extremely Fine. They were printed in sheets of 100 stamps instead of the usual 200 stamps. Ending 20 Dec at 22:56 EST 9d 11h. Spork Forumite. I don't think so - only coins (in denominations up to … ... Stamps United States; Storage & Processing; Tokens & Medals; Tools of the Trade; US Coins; World Coins; Other. C $7.60 shipping. Stamps are not legal tender in Australia, in fact Australia Post won't even accept them for any other transaction. 0 « 1 2 » Search. Also features an official Australia Post stamp. The Court held that paper money, even that not backed by specie such as the United States Notes can be legal tender, in the Legal Tender Cases, ranging from 1871 to 1884. Confused? Richard . This large sized note is known also as the Bracelet Note due to the design on the reverse featuring two types of ovals and two types of shields. A stamp, no matter how old, will be rejected if: The border is damaged or torn; The price/value of the stamp is illegible, blurred, smeared or covered; If you put tape over the stamp in order to ensure it adheres to the envelope - the USPS specifically calls this out as a reason for rejecting (and gluing also technically will get rejected as well) The following note is a 1917 Legal Tender (also known as a United States Note or Red Seal Note) featuring Thomas Jefferson. The Reserve Bank occasionally fields queries from the public about the rules of legal tender. Back to home page Return to top. I once tried to pay for part of a pre-paid parcel post satchel with Australia Post stamps at a shopfront. Ending 13 Dec at 21:33 EST 1d … A similar rule applies to other coins, depending on denomination. 62 watching. I was always under the impression that stamps are legal tender so what is to stop you buying £1,000s of stamps at Costco and then paying them straight into your bank account, making an immediate 5%, or so, profit? To declare ineligible or worthless as a medium of exchange or as legal tender. Mar 5, 2019 - Find many great new & used options and get the best deals for World Coin Stamp Banknote Collection - Legal Tender Currency Coin of 66 Nations at the best online prices at … US postage stamps are made by the United States Postal Service and they are not manufactured outside the country. C $127.16. But there is no safety to anybody in taking these stamps any longer as money. C $16.54. Other disputes, we find, also occur when two types of currency are circulating. The added 1p was a charity donation so ignore it and count only the larger amount. Stamps with added half p are worth only the whole number value so ignore the half p as it is no longer legal tender. The coin and stamp are united in a beautifully illustrated Christmas cover. With just 6,000 issued, don’t miss this opportunity! 0 bids. 1267 followers us_stamp_shop (20544 us_stamp_shop's feedback score is 20544) 99.9% us_stamp_shop has 99.9% Positive Feedback Welcome to the US Stamp Shop. Scottish notes aren’t legal tender in England or Scotland. 59 sold. Typically, we find, these people have had a dispute with a seller over payment methods, for instance, a seller may insist on EFTPOS while the customer wants to use cash. The long answer is that altering United States legal tender is allowed so long as half of the bill is still legible and numbers or other identifying elements, such as Federal Reserve IDs, remain unaltered.. Lot of 7 1928 1953 Series Red Seal $2 Two Dollars US Notes . No. Replies. 1917: $1.00 : Legal Tender Note: Teehee/ Burke: A23426454A: Fr. The vignette on the front seems to hearken back to an older time, even for 1917. On the other hand, to facilitate transactions, the way the legal tender is delivered might be negotiated. Generally speaking - no. US stamps - like currency - have never been recalled. Please add us to your list of favorite sellers and visit often. (a) legal tender notes; notes of any bank of issue, or notes which are currency, in Ireland or any other country or state; (b) Postal Money Orders or Foreign Currency Drafts; (c) unobliterated postage or revenue stamps, whether embossed or adhesive; 3 2006 Nebraska State Quarters-Silver Plated, Gold Plated Hologram and Colorized. A $2 bill, to be exact, with Space Force-themed artwork created in tribute to the creation of the space service branch of the US military. 1 bid. 12 bids. – From @tubmanstamp on Twitter. Legal tender has a specific meaning that we have described in a previous blog post. 2003 US Statehood Quarters COLORIZED Legal Tender 5-Coin Complete Set w/Capsules. PCGS graded Fr.16c 1862 $1 Legal Tender One Dollar United States Large Size 8490. PCGS GEM UNC 65 PPQ 1917 $2 Legal Tender Two Dollar Bill … Mnuchin's predecessor, Treasury Secretary Jack Lew, announced in 2016 that the US would swap out Jackson, the slave-owning president whose legacy is … However, they are not legal tender in Scotland and Northern Ireland. Inspired? $100.00 18 bids + $3.99 shipping . C $5.73 . C $7.60 shipping. More to explore : … $127.50 31 bids + $6.00 shipping . 4) Are US postage stamps made in China? Notes: In England and Wales the £5, £10, £20 and £50 notes are legal tender for payment of any amount. Legal tender definition, currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins. T miss this opportunity once tried to pay for part of a pre-paid parcel post satchel with Australia post Colorized. About what legal tender throughout the United Kingdom for the following Note a... 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