yes, unless the retailer indicated that he does not accept them. according to MAS.
so can use to buy stamps also and pay income tax?
yes. i hope that you know there are limits to using coins to 'transact'. one may use 1 ct coins up to max $2. unless revised.
ermmm,this is something new,tanx...i thought 1ct coins are legal tendered n hv no usage limitations...:think:yes. i hope that you know there are limits to using coins to 'transact'. one may use 1 ct coins up to max $2. unless revised.
ermmm,this is something new,tanx...i thought 1ct coins are legal tendered n hv no usage limitations...:think:
I usually use my pennies in the SAM postal machines. They machines accept them for stamp purchases etc....
hah...my 7-Eleven store downstair dun even accept my 50cent coins for a $10 transaction.
either I pay him a $10 bill or he wont sell me..
I thought retailer cannot reject currency/coins..
haiz...
It is illegal to reject a legal tender for payment. It is legally viewed as a contempt against the authorizing issuer. The offence is not on the business practice but on the contempt if it can be proven that the trader had in anyway declared or suggested that he do not recognize compensation in any form of official legal tender.
A few days back, I paid a bill totaling $0.03 at Singapore Post. I paid with 1 x 10 cents. Got a change in the form of 1 x 5 cent coin & 2 x 1 cent coins. Hence, I would say that 1 cent coins are still legal tender. Just watch out for the limit as spelled out by reachme2003.