The pensioner then provided $100 in notes and $30 in Australian gold coins. The check-out operator said that she would accept the coins this time., but next time she can only accept $20 in gold coins.
So why was the store refusing to accept coins? They were legal tender.
I haven't checked the Act, but assuming this is correct the position would appear to be that the maximum you can pay in coins is:
- 50 cents with 5 cents
- $1 with ten cents
- $5 with 50 cents
- $10 with $1 coins
- $20 with $2 coins.
I don't know about you, but when I'm broke I raid the coin jar, apparently breaching the rules by offering more than the stated limits for each group of coins. This may sometimes annoy the shop person (you try counting 5 cent coins). but nobody has ever said to me that they could not accept the coins for legal reasons.
The problem that now arises is most acute with the one and two dollar coins, for these coins (and especially the $2 coin) still have real value. I really miss the $2 dollar note.It was just so practical in the minutiae of domestic life, especially for those on low incomes. who actually do watch their single dollars.