Yes, in fact they are legal tender but only a fool would use them for this purpose. The US doesn't operate that way, however.īottom line, they were, and are, meant for people who want to own some gold, but not meant to circulate. South Africa has the Krugs, and they don't have a face value, and they ARE apparently legal tender - in South Africa, for the market price. If you search the Kitco forums you can find out a lot of things without bringing up the silly stuff for another go around.Ī coin that isn't "legal tender" isn't technically a coin - it's a bar legally, though they tend to be called rounds. The answer is more simple than you might think, and logical as well.įirst thing, it was required by the legislation authorizing the Gold Eagle by congress. Some of you guys are, uh, out there shall we say.
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