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by jameshart 819 days ago
Legal tender law is the legal fiat that gives a coin its ‘nominal’ value distinct from its commodity value.
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> Legal tender law is the legal fiat that gives a coin its ‘nominal’ value distinct from its commodity value

No. Legal tender makes something required to be accepted at face value for extinguishing debts. Nominal value is a broader concept.

Treasuries, for instance, have a nominal value without being legal tender.