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Is a postage stamp legal tender?
The answer is no, stamps are not legal tender. Only notes and coins issued by the Royal Mint are legal tender. However, stamps do have a value. Therefore, you can use them to settle transactions.
Are stamps legal tender in Australia?
If so, do shopkeepers have to accept stamps as a form of payment? Shopkeepers are welcome to accept stamps – or anything else, including dollars and euros – but not obliged to accept any form of payment, even Sterling. Legal tender means that you cannot refuse it as payment for a court ordered debt payment.
Are stamps valid?
Short answer: no, they never expire, even though postage rates are increasing in 2020! They are valid forever as long as they can be validated as legitimate postage. This means if you put an old stamp that looks stained and ratty on a letter with tape, it will likely be rejected.
Can you use postage stamps as money?
The demonetization of postage and revenue stamps is the process by which the stamps are rendered no longer valid. In general, stamp demonetization is a rare event, since any unused stamp is effectively equivalent to its face value, and there is no financial disadvantage if postal customers use old stamps on their mail.
What is considered legal tender in Australia?
Australian Banknotes are legal tender throughout Australia (this is provided in section 361 (1) of the Reserve Bank Act 1959. For example, if someone wants to pay a merchant with 5c coins, they can only pay up to $5 worth of 5c coins and any more that that will not be considered legal tender.
Can I put tape over a stamp?
Affix your stamps securely, but do not put tape over the stamp(s) — this invalidates the postage. If your envelope is textured, or contains decorative fibers or floral inclusions, you may want to secure the postage using a glue stick.
Does it matter if a stamp is upside down?
Upright, Sideways, Upside down – it doesn’t matter. However, it’s a good idea to put it ABOVE the address. The phosphor tagging on the stamp allows the sorter/canceller machine to rotate/flip the envelope so the stamp is at the top.
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