Cryptocurrency Q&A
Are US pennies legal tender?
Are US pennies legal tender?
Michele
Sun Nov 17 2024
|
7 answers
1612
I'm wondering if US pennies are still considered legal tender. I know they're not worth much, but can they still be used as valid payment in transactions where the amount due is equal to or greater than the value of the pennies?
7 answers
Valentina
Tue Nov 19 2024
They are recognized as legal tender for all debts, public charges, taxes, and dues.
Was this helpful?
102
96
Riccardo
Tue Nov 19 2024
They are not considered legal tender for debts within the United States.
Was this helpful?
161
24
Michele
Tue Nov 19 2024
This includes Federal Reserve notes, which are the most common form of paper currency in circulation.
Was this helpful?
398
67
TaekwondoMasterStrengthHonor
Tue Nov 19 2024
Circulating notes issued by Federal Reserve banks and national banks are also considered legal tender.
Was this helpful?
353
72
MountFujiVista
Tue Nov 19 2024
Despite their value and acceptance, foreign gold or silver coins do not enjoy the same status.
Was this helpful?
270
97
Load 5 more related questions
