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Receiving paper in return for taxes was the mechanism conceived by the government to enforce acceptance of the peso as legal tender.
The legal tender status of foreign coins was not cancelled until 1857.
They may even become the legal tender of patent challenge and defense.
Strictly speaking, the gold, silver and copper coins issued by the federal government, together with selected foreign specie, were the only legal tender.
Despite their heterogeneous appearance, local tokens in circulation were convertible to legal tender available over a broad area.
Despite the growth of state banks, sovereignty was to be undivided in the matter of the issue of legal tender.
In principle, there is much to be said for one set of notes circulating as legal tender as at present.
If, however, it were to be adopted, many states might choose to make it legal tender.
His speech was most illuminating about the value of certain coins which are still legal tender, although not in current use to any wide extent.
Like the present penny and threepenny bit, it will be legal tender and current coin for the duration of the changeover period.
The 50p coin is now legal tender up to £10.
The sixpenny coin will remain legal tender until the end of the change-over period.
They would be covered by legal tender, non-interest-bearing paper, instead of interest-bearing paper, and there is nothing wrong with that.
The object is that they may be able to meet all demands for legal tender.
Therefore, we have at the moment to allow postal orders to be used as legal tender.
