What Payments Can Be Made Using Coins? Understanding Legal Tender Limits

Discover the legal limits on coin payments in the U.S. and learn how businesses might set their own policies.

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Payment in coins can usually be made up to certain limits. In the United States, coins are considered legal tender for amounts up to 25 cents using pennies, up to $1 using nickels, and no specific limit for dimes, quarters, halves, and dollar coins. However, businesses may set their own policies.

FAQs & Answers

  1. What is considered legal tender in the U.S.? Legal tender includes coins and paper currency issued by the U.S. government for debts and payments.
  2. Are there limits on how much I can pay with coins? Yes, in the U.S., payments can be made in coins but limits apply, especially with pennies (up to 25 cents) and nickels (up to $1).
  3. Can businesses refuse coin payments? Yes, businesses can set their own policies regarding accepting coin payments, even if they are legal tender.
  4. What types of coins can be used for payments? Dimes, quarters, halves, and dollar coins can be used for payments with no specified legal limit.

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