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What would happen if you tried to exchange an ancient coin for a modern currency?

November 2nd, 2009
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trading currency
When Pigs Fly asked:


This is just an off-the-wall legal question. What if I had an ancient Roman coin from 2000 years ago (that was legal tender under an extinct government), and brought it to a bank that translates one currency to another? Would there be some technical legal obligation for them to convert it to it’s modern American equivalent? Of course I could make a lot more money if I sold it, but *what if* I decided that I wanted to trade it in for US money?

JUDSON

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Is it legal to make a profit off trading currencies?

November 16th, 2008
trading currency
Locke asked:


I was thinking about converting money to a foreign currency and converting back to american when it would be profitable. I just haven’t really heard of people doing that. Are there laws against it?

ROTELLA

Law Ethics , ,