Originally Posted by
walter
There are big differences between coins and paper notes.
Coins have no signature where as paper notes do.
Coins are only legal tender up to certain domination's.
After the allowed limit its not legal tender anymore. Is this why the tax man doesn't care to much about coins?
As outlined in the Currency Act, there is a limit to the value of a transaction for which you can use only coins.[10] A payment in coins is a legal tender for no more than the following amounts for the following denominations of coins:
forty dollars if the denomination is two dollars or greater but does not exceed ten dollars;
twenty-five dollars if the denomination is one dollar;
ten dollars if the denomination is ten cents or greater but less than one dollar;
five dollars if the denomination is five cents; and
twenty-five cents if the denomination is one cent.
In the case of coins of a denomination greater than ten dollars, a payment is a legal tender for no more than the value of a single coin of that denomination.