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To: Pete from Shawnee Mission

Hi Texokie!

“Oklahoma accepts US minted gold and silver also as legal tender.”

My question is this...the U.S. Mint issues their Gold and Silver Eagles with a Face value. For example, the 1 oz silver eagle has—if I remember correctly— a face value of $1 but the silver content may be worth $15. As legal tender I think it has to be accepted in all states, but only at the Face Value, $1. Will the states be using the current metal value or only the stated Face value of the currency?

~ ~ ~ ~ ~ ~ ~

I have not researched it, and I am asking those very questions myself! I do recall seeing something about face value as you mention, but I was only plunking around and didn’t save anything. I was only familiarizing myself with basic concepts at that point. Sorry.


485 posted on 05/17/2019 10:50:30 PM PDT by TEXOKIE
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To: TEXOKIE
....a face value of $1 but the silver content may be worth $15.

So, you buy a thousand of them, melt them down and...

486 posted on 05/17/2019 10:52:34 PM PDT by ROCKLOBSTER ( "The Owl" eats RATs for breakfast!)
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