Stores Can REJECT Your Money If You Try And Spend This Much With Just Coins

This could leave you red faced.

Stores Can REJECT Your Money If You Try And Spend This Much With Just Coins

We have all had a moment in a shop, where we are stood there counting small amounts of money trying to make the magical amount we need to get ourselves the stuff we need.

However, did you know, if you pay with just silver coins (5c, 10c, 20c and 50c) then you only pay up to $5 before it can rejected by the cashier.

There also rules regarding $1 and $2 coins, which means you can only use 10x their face value, so only $10 worth of $1 coins and $20 of $2 coins.

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The Reserve Bank of Australia’s website says;

'' A payment of coins is a legal tender throughout Australia if it is made in Australian coins, but this is subject to some restrictions about how much can be paid in coin. According to the Currency Act 1965 (section 16) coins are legal tender for payment of amounts which are limited as follows:

• not exceeding 20c if 1c and/or 2c coins are offered (these coins have been withdrawn from circulation, but are still legal tender);
• not exceeding $5 if any combination of 5c, 10c, 20c and 50c coins are offered; and
• not exceeding 10 times the face value of the coin if $1 or $2 coins are offered.''

Of course, a store can go above those values if they want to but don’t get annoyed at them if they refuse it.. that’s just the law, everyone.

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