legal tender

(Newser) - The Treasury Department is defending its decision to mint a $1 coin featuring President Trump's likeness on both sides, brushing off critics who say the move flouts a Civil War-era law that bars living people from appearing on American money. The controversy erupted after draft designs for the...

(Newser) - Paying for groceries with gold coins may sound like a quaint scene from a bygone era, but new laws in several states are reviving precious metals as currency. Missouri, Texas, Florida, and Arkansas are opening the door for residents to use gold and silver much like cash. Under the...

(Newser) - The US Mint today unveiled four new designs that will adorn the back of the Lincoln penny next year to commemorate the bicentennial of Honest Abe’s birth, CNNMoney reports. The classic portrait of the 16th president will remain on the heads side. The reverse will depict scenes from Lincoln’...