Could real gold or real diamonds be used as us currency?

Just wondering, what would happen if say I’m at a store and I’m at the cash register. And they say the total. And instead of cash, What if Paid with something like Gold or Diamonds or something valuable? Would they take that and acknowledge it as Real money? Or would they have to say “No, sorry, we can’t take that.”

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  • Errr no.

    The cashier is unlikely to be able to verify the authenticity of either to say the very least.

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  • No, with the exception of the gold coins produced by the US Mint. The Government determines what is legally currency. That's part of the definition of currency.

    There have been a whole series of coin values produced by the US Mint (from I believe $5 to $50).

    Why you would use a for example a 1 oz gold coin to pay $5, $20, etc for some item is beyond me. But, it is legal to do so as that is the face value stamped on certain 1 oz gold coins.

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  • Depends 0n who owns the store. There's plenty of small businesses where a trade may be welcome, but a chain store with trained monkeys would not take anything other than "legal tender"....shit, some don't even take that! Go try a $2 bill or oddball US coins, their brain melts or they call the cops.

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  • even if you went to a jeweler or pawnbroker or precious metals buyer that would actually give cash in exchange theyre gonna pay a possibly significant percentage under market value dependin on the amount & quality youre sellin

    you could also be fillin out tax forms

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  • As someone who works in retail, I can tell you right now that we'd have to turn it down.

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  • They would definitely not be able to take it.

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  • Nope, it's not easy to make change for such things.

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  • I doubt it.

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  • How about take it to a pawn shop to get it appraised?

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