Or really, money that you haven't seen in forever.
Went to the bank, and got $50 out - 20 $2 bills, mixed dollar coins, and a few 50-cent pieces. I like the old 50-cent pieces, and can remember seeing the old Frankin half dollar pieces as a kid. Thoughts on strange money?
My family made a trip to Canada the first year they minted Toonies. We were going to keep some as souveniers, but my dad spent them. I guess they're common, but they were from the first year...
$2 bills are fun, and it's been years since I saw a 50 cent coin. $1 coins aren't particularly uncommon though. I tend to get them regularly from parking garages, train stations, and change machines.
I'll go get a bunch of $2 bills every once in a while just for fun. It's always fun seeing store clerks' reactions when I send them.
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I buy $2s by the strap (100 bills = $200). Most banks (but not credit unions) will order as many as you want as long as you call in advance and give them a few days to get them in from the nearest FRB.
For whatever reason, a lot of Mexican nationals down here hand out two dollar bills as tips. I think at some point a lot of them made their way down to Mexico and just sat in a bank because most are series 1976 and crisp.
The occasional American also tips with a two as a gimmick (it's like "hey! that's neat, you're giving me a decent amount of money" and then you remember that if it were two ones you'd feel like they're cheap), but I'd say like 10% of Mexican nationals I've helped have tipped with two dollar bills.
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
Aren't those 1973 C$0.25 coins still fairly common in circulation? I do know that the RCM ('Royal Canadian Mint') is working on swapping out all of their coins (C$0.05 through C$2.00) from a before a couple of years ago with their new high-techy ones.
As for here in the USA, since the end of the gold standard in 1933, we've had about an 80:1 overall inflation - $1 then had the buying power that about $80 has today. And yet, the slate of coins then was much the same as today, except that until 1933 we also had common circulation coins for $2.50 ('quarter-eagle'), $5 ('half-eagle'), $10 ('eagle') and $20 ('double-eagle'). 50¢ coins ('halves') were more common in circulation than were quarters and nearly all everyday commerce was done with coins *only*. To have even one $1 banknote in the wallet was to be carrying 'real' money around, much like having four $20s in the wallet today. A double-eagle had about $1600-1700 in equivalent buying power today, similar to its modern-day bullion gold price.
Also, before the 1930s, we also had banknotes up to $100K - that's nearly $10M in today's money!
For today's slate of coins to match the utility of those of the 1920s and before, we would be using coins for $1, 5, 10, 20, 50 and 100 (nothing smaller) and gold coins for $250, 500, 1K and 2K. The smallest banknote would be $100.
Amazing.
:wow:
With $2s, whenever I get some, I'll first process them through http://www.wheresgeorge.com (like I do a lot of my other cash) and then use them as tips.
:nod:
Mike
When I was a kid, Franklin 50 cent coins were as common as other change. After JFK's assassination, Congress quickly moved to remove Franklin and replace him with Kennedy. I guess for a while the Kennedy half dollars were treated by the public as commemorative coins rather than common currency, and they fell out of use. I can't remember the last time I saw one. As the point above was made, up until the 1930s we had coinage worth many dollars at a time when that was real money, and now our coinage effectively stops at a quarter dollar. I am personally all for the dollar coin, as I've seen how convenient it is in other countries that use coins for their main unit of currency.
Quote from: The High Plains Traveler on December 08, 2012, 11:29:10 AM
When I was a kid, Franklin 50 cent coins were as common as other change. After JFK's assassination, Congress quickly moved to remove Franklin and replace him with Kennedy. I guess for a while the Kennedy half dollars were treated by the public as commemorative coins rather than common currency, and they fell out of use. I can't remember the last time I saw one. As the point above was made, up until the 1930s we had coinage worth many dollars at a time when that was real money, and now our coinage effectively stops at a quarter dollar. I am personally all for the dollar coin, as I've seen how convenient it is in other countries that use coins for their main unit of currency.
Excelent post.
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money, and, in fact, since many 100s of times of these are kept out of circulation than other coins, are likely, generations from now when they actually reach a collectable age, to be worth far less than other old coins.
There also are people that value $2 bills, "star notes" (notes where a number is replaced by a star in the serial, which is simply a part of the accounting system and has no meaning), "double Texas notes" (notes bearing the "FW" mark indicating being printed in Fort Worth rather than Washington, and being from the Dallas FR branch) and other such. None are collectable.
As to $1 and $2 coins, we have to go there. A $1 bill today is worth about what a dime was in the 50s. If somebody had proposed a 10 cent note back then, he would have been laughed at. But that is what we are doing, printing (at a much higher cost than coins) notes that have a very low purchasing power. The lowest purchasing power of any note in a major country. We need to do what Canada did. Just reclaim all of the $1s as they come into banks and issue $1 and $2 coins. Within a couple of years, it will be taken care of.
Quote from: mgk920 on December 08, 2012, 10:52:56 AM
Also, before the 1930s, we also had banknotes up to $100K - that's nearly $10M in today's money!
I was under the impression the very large denominations were only for bank transfers, not as actual pocket money.
FWIW, I stop in at the bank regularly and exchange any cash I have for $1 coins and $2 bills. That's not very much, though, since I rarely carry more than a few dollars in cash. And I've never requested more than the tellers actually have in their drawers at the time (no jokes, please).
I used to have a Polish bank note that said 10000, and another one that said 10. One was old currency, the other was new currency. It just looked like a lot of money.
Quote from: mgk920 on December 08, 2012, 10:52:56 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
Aren't those 1973 C$0.25 coins still fairly common in circulation? I do know that the RCM ('Royal Canadian Mint') is working on swapping out all of their coins (C$0.05 through C$2.00) from a before a couple of years ago with their new high-techy ones.
:nod:
Mike
Unfortunately, they had became more and more rarer over the years.
And we'll drop soon our 1¢ coins.
Btw, did someone saw once the Liberty dollars http://en.wikipedia.org/wiki/Liberty_Dollar or some community currencies used in some American cities as well as Canadian cities like Calgary and Toronto? http://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States
http://en.wikipedia.org/wiki/Calgary_Dollars There also the Canadian Tire money used to shop in Canadian Tire stores. http://en.wikipedia.org/wiki/Canadian_Tire_money
I think I heard recently of a US move to stop minting pennies and nickels. Makes sense to me, but is it really happening?
Quote from: Stephane Dumas on December 08, 2012, 12:48:49 PM
Quote from: mgk920 on December 08, 2012, 10:52:56 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
Aren't those 1973 C$0.25 coins still fairly common in circulation? I do know that the RCM ('Royal Canadian Mint') is working on swapping out all of their coins (C$0.05 through C$2.00) from a before a couple of years ago with their new high-techy ones.
:nod:
Mike
Unfortunately, they had became more and more rarer over the years.
And we'll drop soon our 1¢ coins.
Btw, did someone saw once the Liberty dollars http://en.wikipedia.org/wiki/Liberty_Dollar or some community currencies used in some American cities as well as Canadian cities like Calgary and Toronto? http://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States
http://en.wikipedia.org/wiki/Calgary_Dollars There also the Canadian Tire money used to shop in Canadian Tire stores. http://en.wikipedia.org/wiki/Canadian_Tire_money
I have a 1982 MacPuffin Dollar from Cape Breton Island (it has the Canso Causeway on the back and was worth $1 on the island until October 15 of that year) and a Newfoundland Dollar from that same year (has a picture of a train called the "Newfie Bullet").
When you talk about strange money, I have two banknotes from Zimbabwe. One is denominated at $10,000,000,000,000. The other is denominated at ten times that ($100 trillion). Neither is worth even USD$1 in real terms if you went to a currency exchange!
Quote from: vtk on December 08, 2012, 03:11:56 AM
My family made a trip to Canada the first year they minted Toonies. We were going to keep some as souveniers, but my dad spent them. I guess they're common, but they were from the first year...
Yeah, the 1996 Toonies are still very common in circulation right now. You're lucky to ever find anything newer. (I've only seen 1 or 2 1997's & 1998's in circulation and I saved them.)
Quote from: mgk920 on December 08, 2012, 10:52:56 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
Aren't those 1973 C$0.25 coins still fairly common in circulation? I do know that the RCM ('Royal Canadian Mint') is working on swapping out all of their coins (C$0.05 through C$2.00) from a before a couple of years ago with their new high-techy ones.
Nope, those 1973 RCMP quarters are very rare in circulation. I was lucky to find one once every 4 years when I visited Canada in change over the past 15 years.
Quote from: vtk on December 08, 2012, 08:14:05 PM
I think I heard recently of a US move to stop minting pennies and nickels. Makes sense to me, but is it really happening?
It'll never happen. Congress would have to approve it, and they would never do so.
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Quote from: 1995hoo on December 08, 2012, 09:23:27 PM
I have a 1982 MacPuffin Dollar from Cape Breton Island (it has the Canso Causeway on the back and was worth $1 on the island until October 15 of that year) and a Newfoundland Dollar from that same year (has a picture of a train called the "Newfie Bullet").
Until 1949, Newfoundland was independent of Canada, and had its own official currency and coinage. I have a few samples (bought from a coin dealer, not in circulation).
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
How about that whole group of people that are convinced that 50¢ coins are collectible? Wouldn't some of those people be willing to pay more than face value for such a coin? Or are you now going to assert that every last one of these people builds their collections entirely from coins they find in circulation?
This is random yet seems oddly appropriate:
Quote from: Family Guy
"How about that money?"
"No way! That's Lois's rainy day fund!"
I used to tell some Canadian friends of mine that you cant take a country seriously when they call their basic money "loonies' and 'toonies'...
I am a coin collector so I could point to a lot of strange examples in my possession. Some of the more notable finds in circulation:
A mint condition 1969 dollar bill
A 1970 S dime from a proof set (in the corner of a dept. store)
A 1970 S quarter from a proof set (in change)
I forget the year, but I have a D over S double strike penny (not at all sure how that happened)
One wartime silver nickel (duplicated my already completed set)
I've never found any of the prior issues of coins in circulation except for dollars, where Anthonys would still turn up with Sacs for several years. I imagine you can't find Ikes anymore because dollar rolls have probably all adapted to the smaller size.
Quote from: vtk on December 09, 2012, 08:28:32 AM
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
How about that whole group of people that are convinced that 50¢ coins are collectible? Wouldn't some of those people be willing to pay more than face value for such a coin? Or are you now going to assert that every last one of these people builds their collections entirely from coins they find in circulation?
I get people all the time exclaiming how rare/valuable the $2 bills I spend are. Funnily enough, I can never sell them one for $4.
Quote from: vtk on December 09, 2012, 08:28:32 AM
How about that whole group of people that are convinced that 50¢ coins are collectible? Wouldn't some of those people be willing to pay more than face value for such a coin? Or are you now going to assert that every last one of these people builds their collections entirely from coins they find in circulation?
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people. One might as well say that because a few dolts think McDonald's Big Macs are "collectable" it makes it so. The are, rather, worth whatever you local McDonald's sells them for.
BTW, for a real goofy system, go to the UK.
Coins are issued by the mint, as everywhere. Notes are a different story. In England and Wales, notes are issued by the Bank of England, which is the government the same way the US Federal Reserve is. But the rest of the country is totally weird. The BoE will issue a not really for circulating BoE note for many millons of pounds to one of three (for Scotland) or four (for Northern Ireland) private banks, or to the governments of its remaining pound using territories (Jersey, Gurnsey, Man, Gibralter, Falkland Islands, St. Helena) who then have the right to issue notes up to that value, which are totally different from one another and from BoE notes. in Scotland and Northern Ireland, all will circulate together. So you might get change in a mix of five totally different designed currencies.
Quote from: Steve on December 09, 2012, 09:45:49 AM
I am a coin collector so I could point to a lot of strange examples in my possession. Some of the more notable finds in circulation:
A mint condition 1969 dollar bill
A 1970 S dime from a proof set (in the corner of a dept. store)
A 1970 S quarter from a proof set (in change)
I forget the year, but I have a D over S double strike penny (not at all sure how that happened)
One wartime silver nickel (duplicated my already completed set)
I've never found any of the prior issues of coins in circulation except for dollars, where Anthonys would still turn up with Sacs for several years. I imagine you can't find Ikes anymore because dollar rolls have probably all adapted to the smaller size.
I've gotten several such 'impaired-proof' coins from circulation over the years, too. They ranged in condition from uncirculated, looking like someone had just cracked them out of their sets that morning, to coins that had been out and about for a while and showing significant wear. Their mirror-like backgrounds really stand out in the eyes of someone who knows what various varieties of coins generally look like from arms' length.
I've also gotten about 10-15 WWII-era silver nickels from circulation over the years and a 1943-S 1¢ a few months ago. The latter is a bit ironic in that the feds are now seriously looking into using steel as a major coining material in order to cut production costs, like Canada did a couple of years ago. Canada also stopped making their 1¢ coins this past spring.
According to http://www.coinflation.com , as of this typing the metal in nickels is worth 102.72% of 'face' value, 'Zincoln' 1¢ coins are 53.82% of face, $1 coins are running 6.17% of face (SBAs are at 7.08% of face) and the metal in dimes, quarters and half dollars is at 19.84% of face value. These figures, of course, do not include any other production costs such as labor, equipment depreciation, transportation, utilities and so forth.
Mike
Quote from: SP Cook on December 09, 2012, 10:01:19 AM
Quote from: vtk on December 09, 2012, 08:28:32 AM
How about that whole group of people that are convinced that 50¢ coins are collectible? Wouldn't some of those people be willing to pay more than face value for such a coin? Or are you now going to assert that every last one of these people builds their collections entirely from coins they find in circulation?
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people.
Well, condition matters. Collectors seek and save the coins in most pristine condition, with no wear and few or no "bag marks" (little nicks from coins banging into each other). It's hard to get that quality from coins in circulation, though considering how little circulation most 50-cents pieces go through, ordering a roll from a bank might get you pretty close.
I'm not sure how the collectors will get a return on their investment, considering it appears that non-silver Kennedy half dollars generally "do not command a numismatic premium" (http://coins.ha.com/c/ref/questions.zx#Kennedy_Half_Dollars) But maybe they'll get lucky someday.
I still look for silver coins in circulation, but it's been a dozen years since I've found one. Sometime in the 1990s, I bought a roll of quarters for laundry money (the roll was assembled by one of the bank's other customers), and half of the quarters were silver. Almost nobody makes that kind of mistake.
Quote from: mgk920 on December 09, 2012, 11:16:25 AM
According to http://www.coinflation.com , as of this typing the metal in nickels is worth 102.72% of 'face' value, 'Zincoln' 1¢ coins are 53.82% of face, $1 coins are running 6.17% of face (SBAs are at 7.08% of face) and the metal in dimes, quarters and half dollars is at 19.84% of face value.
The same site notes that the metal in mostly-copper 1¢ U.S. coins (up to 1981 except the 1943 steel pennies, as well as some 1982 pennies) is worth about 2.4x face value. I've saved about four pounds of those pennies, plus some of the mostly-copper Canadian pennies (1996 and earlier). Mostly-copper Canadian pennies will be easier to find up there than mostly-copper U.S. pennies are down here, until Canadian pennies of whatever kind gradually disappear from circulation, now that no new ones are being produced and the government is encouraging shopkeepers to round to the nearest nickel.
Quote from: SP Cook on December 09, 2012, 10:18:53 AMNotes are a different story. In England and Wales, notes are issued by the Bank of England, which is the government the same way the US Federal Reserve is. But the rest of the country is totally weird. The BoE will issue a not really for circulating BoE note for many millons of pounds to one of three (for Scotland) or four (for Northern Ireland) private banks, or to the governments of its remaining pound using territories (Jersey, Gurnsey, Man, Gibralter, Falkland Islands, St. Helena) who then have the right to issue notes up to that value, which are totally different from one another and from BoE notes. in Scotland and Northern Ireland, all will circulate together. So you might get change in a mix of five totally different designed currencies.
Given banknotes are not actual money, it's not that odd. Basically Pound Sterling banknotes are cheques, made payable to 'bearer' the sum of x. This is different from US treasury bills - which are actual money.
In England and Wales (the other two kingdoms and the three Crown Dependencies have entirely separate legal systems), the BoE has a monopoly created by law (other English banks used to issue banknotes but they put a stop to that as it was literally a licence to print money!). Outside Scotland and Northern Ireland the Government directly prints it. Territories don't use pounds sterling, but currencies tied to pound sterling.
In Scotland and Northern Ireland, no notes are legal tender*, though BoE notes (well, £5, £10, £20 and £50 are) are legal tender in the Kingdom of England and Wales. You'll find that the further south you go the less likely that Scottish notes will get treated without some suspicion (Northern Irish ones, etc are quite difficult to get accepted as legit money in Britain). This is due to their rarity and therefore there's doubts about authenticity as people haven't seen real ones to know if what you have is a forgery. They don't have to accept them, though (hard law in Scotland, case law elsewhere) payment in non-BoE-issued sterling notes would be considered a legit attempt to pay, unless it was stated in a contract or something that they will only accept what they have to (same applies if you try and pay with lots and lots of small change).
And the BoE only issue £1million and £100million notes to these ones that can print banknotes still - they are the bank's guarantee that they can pay the bearer such a sum as described on the note. Technically, if I wanted to, I could buy/start a bank in Scotland/N Ireland and legally print banknotes - but without the backing they won't be accepted anywhere - because they are simply IOUs with nothing to back up the promise.
*in other words, unlike coins (though with limits on the number of smaller-denomination coins - 50p and 20p coins are only legal tender up to £10, 10p and 5p up to £5 and 2p and 1p up to 20p), they do not have to be accepted as payment of debt.
Quote from: SP Cook on December 09, 2012, 10:01:19 AM
Quote from: vtk on December 09, 2012, 08:28:32 AM
How about that whole group of people that are convinced that 50¢ coins are collectible? Wouldn't some of those people be willing to pay more than face value for such a coin? Or are you now going to assert that every last one of these people builds their collections entirely from coins they find in circulation?
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people. One might as well say that because a few dolts think McDonald's Big Macs are "collectable" it makes it so. The are, rather, worth whatever you local McDonald's sells them for.
It's not really stupid, given that I have never even seen a 50 cent coin in my entire life. How many people request specific bills/coins at the bank? I'm guessing that most people these days only need to go to the bank to deposit cash and checks and to exchange cash for overseas trips.
Quote from: SP Cook on December 09, 2012, 10:01:19 AMSince I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people.
With 50c coins, it is somewhat silly because of the lack of changes to the design (you might pay slightly more for specific years where few were minted, etc) - though the rarity means that they are somewhat collectable. Quarters, however, are different, given the different designs. I imagine that a complete collection of state/territory quarters would be worth more than the cash value of the coins themselves - despite a great many collectors and a great many coins.
Other coin things are rarer still. A friend of mine, when the new reverse design for UK coinage (the shield-based one) came out in fairly late 2008, he spend something like £15 for an official royal mint collection in a sort of display plastic wallet - the coins are worth 100 + 50 + 20 + 10 + 5 + 2 +1p (£1.88), though due to their rarer vintage, you might sell all of them individually for a total of little over £2. The wallet might be worth £1 on it's own (it is limited edition with a print run of 10000 or something), but the sum of the parts is rightly worth 5 times that - the resale value would be about that currently, but as time goes on the set will be worth more - especially after the design is retired - harder to get hands on 2008 coins as they fall out of circulation and so on.
The Royal Mint also mint collectors 50p - the reverse's design commemorates certain things (like stamps) with limited runs. They even have TV ads for their special limited edition £5 coins each time one comes out. Before 2008 and the re-design, the design on the pound did a series of 5 year cycles (Royal Standard and one for each of the four nations. 2 consecutive cycles had identical designs) with a different back and motto on the side - a full set of them from 1983 to 2008 would be worth quite a bit more than the £25 sum of the parts (depending on the condition of the coin - you can no doubt buy a set that someone made with mint-fresh coins lovingly kept in that condition). I could see a well kept set, displayed well, to go for at least £50 even now, just about 4 years after the last coin was minted.
Quote from: deanej on December 09, 2012, 12:57:14 PM
It's not really stupid, given that I have never even seen a 50 cent coin in my entire life.
I have a couple lying around somewhere (of the Kennedy variety). I think my father found them in a shoebox at my grandmother's house or something... at any rate, they were pulled out of circulation 40 years ago. I didn't know you could still go to the bank and ask for them.
But practically speaking, no vending machine will take them, and I betcha a lot of merchants would look at you funny if you tried to pay with them, so I don't know how "spendable" they really would be. I see them more as a curiosity than something of actual value. Kinda like how I bothered to collect all 50 state quarters.
Actually, stuff like that is a clever play on the mint's part: when people pull money out of circulation, they counteract inflation by effectively making money disappear - so the government can print more to cover the national deficit.
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
No people, huh? Have you never heard of rubes?
Quote from: deanej on December 09, 2012, 12:57:14 PM
Quote from: SP Cook on December 09, 2012, 10:01:19 AM
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people. One might as well say that because a few dolts think McDonald's Big Macs are "collectable" it makes it so. The are, rather, worth whatever you local McDonald's sells them for.
It's not really stupid, given that I have never even seen a 50 cent coin in my entire life. How many people request specific bills/coins at the bank? I'm guessing that most people these days only need to go to the bank to deposit cash and checks and to exchange cash for overseas trips.
The U.S. Mint hasn't been producing Kennedy 50-cent pieces for general circulation for more than a decade (http://en.wikipedia.org/wiki/Kennedy_half_dollar_mintage_figures). If you get any in change, or from a bank, dated 2002 or later, it was from someone stupidly breaking up a proof or uncirculated set sold at a premium to collectors.
Betcha most banks would have to do some scrounging around to sell you a roll of non-sliver (1971-2001) general-circulation Kennedy halves.
Quote from: oscar on December 09, 2012, 11:25:21 AM
I still look for silver coins in circulation, but it's been a dozen years since I've found one. Sometime in the 1990s, I bought a roll of quarters for laundry money (the roll was assembled by one of the bank's other customers), and half of the quarters were silver. Almost nobody makes that kind of mistake.
I don't believe I have ever seen a silver quarter in actual circulation. I remember when I was younger I noticed that there was an unusually high number of quarters from 1965 in circulation and I wondered why. It wasn't until years later that I learned that was the first year they were made of the copper-nickel alloy instead of silver, and the mint flooded the market with the new quarters because the silver quarters would quickly disappear from circulation because of their intrinsic value.
Quote from: mcdonaat on December 08, 2012, 03:02:43 AM
Or really, money that you haven't seen in forever.
Went to the bank, and got $50 out - 20 $2 bills, mixed dollar coins, and a few 50-cent pieces. I like the old 50-cent pieces, and can remember seeing the old Frankin half dollar pieces as a kid. Thoughts on strange money?
Quote from: mcdonaat on December 08, 2012, 03:02:43 AM
Or really, money that you haven't seen in forever.
Went to the bank, and got $50 out - 20 $2 bills, mixed dollar coins, and a few 50-cent pieces. I like the old 50-cent pieces, and can remember seeing the old Frankin half dollar pieces as a kid. Thoughts on strange money?
When I was in high school, at the end of the year when you turned in the lock from your locker, you got back $2.50 of a $3.00 deposit you made at the beginning of the year. Presumably in order to make things as quick as possible with the number of people returning locks at the same time, you received your $2.50 in a $2 bill and a half dollar. I just carried the $2 bill in my wallet and half dollar in my pocket, intending to use it just for regular payment sometime, knowing that there wasn't anything unusual about them. So one time not too much later when I went to a movie, I used the $2 bill and half dollar as part of my payment. The girl taking my money got wide-eyed and exclaimed "Cool! I've never seen these before!" and after taking the money proceeded to pull out 2 $1 bills and two quarters out of her pocket in exchange for the $2 bill and half dollar so she could take them herself. I still receive $2 bills and/or half dollars occasionally as change and never hesitate to use them again myself, yet there still seems to be a certain amount of amazement anytime I use them.
Probably even rarer than $2 bills and half dollars are $50 bills. It's common to see $20 and $100 bills for large cash purchases, but you don't very often see $50 bills. I have seen them, but I don't think I have ever used one.
Quote from: Scott5114 on December 09, 2012, 09:56:33 AM
Quote from: vtk on December 09, 2012, 08:28:32 AM
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
How about that whole group of people that are convinced that 50¢ coins are collectible? Wouldn't some of those people be willing to pay more than face value for such a coin? Or are you now going to assert that every last one of these people builds their collections entirely from coins they find in circulation?
I get people all the time exclaiming how rare/valuable the $2 bills I spend are. Funnily enough, I can never sell them one for $4.
I don't know, I've seen TV commercials advertising "illuminated" (vandalized) $2 bills for $10, so they must be finding some suckers somewhere.
Quote from: huskeroadgeek on December 09, 2012, 03:01:49 PM
Probably even rarer than $2 bills and half dollars are $50 bills. It's common to see $20 and $100 bills for large cash purchases, but you don't very often see $50 bills. I have seen them, but I don't think I have ever used one.
I use $50 bills often on long road trips, especially when I'm going to out-of-the-way places where you can't count on people taking credit cards. Even the newer $50s, with more anti-counterfeiting safeguards, are not universally accepted by shopkeepers but still are much more often accepted than $100s. If the Bureau of Engraving can fix its problems with the new $100 bills, that might mean greater acceptance of $100s and I might start using them more, to help carry more money in less wallet space.
Some Canadian ATMs routinely dispense $50 bills. It helps that the Canadians are ahead of us on anti-counterfeiting measures (http://en.wikipedia.org/wiki/Canadian_fifty-dollar_bill), as in many other things on coinage and currency. But some shopkeepers in Canada will balk at $50 bills, anyway.
Quote from: huskeroadgeek on December 09, 2012, 03:01:49 PM
Probably even rarer than $2 bills and half dollars are $50 bills. It's common to see $20 and $100 bills for large cash purchases, but you don't very often see $50 bills. I have seen them, but I don't think I have ever used one.
Doubt that. The bank defaults to 50s when I cash a check, whereas you have to ask specially to get $2 bills and half dollars. That says to me they have plenty of 50s in stock, but not the other stuff. Considering I don't deal in large bills except to cash those 50s, I have no idea whether I'd ever see a 50 from someone else, but I know I've _never_ gotten a 2 or half dollar in change.
The only times I have ever found myself handling a $50 or $100 bill is if someone gave one to me as a gift or had me make change for it. Generally ATMs only have $10s and $20s and I'm not about to go waste time talking to the teller just to get cash in other denominations since there is no benefit to it. Besides, I find those larger bills annoyingly not useful, since I don't usually make purchases of that magnitude with cash. If $20 were the largest bill printed, I would have no problem with that.
And yeah, the coin-bill breakup in this country is stupid. We really need to ditch the $1 and $2 bills and replace them with coins. And we really need to get rid of pennies. Hell, might as well get rid of nickels and dimes, too, they're pretty much equally useless and worthless.
I've used ATMs at Citibank locations in downtown DC that dispense $50s if you withdraw more than $300. I find that pretty convenient. I seldom carry that much cash, but when I do I prefer the smaller stack afforded by the $50s.
The only place I know of that gives $2s as change is Monticello, Thomas Jefferson's house located near Charlottesville, VA. Since Jefferson appears on the $2, Monticello has usually (though at the present time this isn't the case) made sure the admission fee is an amount that most people will pay with bills equalling $2 more than the fee, and with your ticket you receive a $2 bill as change. (Currently the regular adult admission is $24. But since most people don't come alone, the $2 bill thing still works if you come with a friend and give them $50 for two tickets.)
Quote from: oscar on December 09, 2012, 02:27:43 AM
Quote from: 1995hoo on December 08, 2012, 09:23:27 PM
I have a 1982 MacPuffin Dollar from Cape Breton Island (it has the Canso Causeway on the back and was worth $1 on the island until October 15 of that year) and a Newfoundland Dollar from that same year (has a picture of a train called the "Newfie Bullet").
Until 1949, Newfoundland was independent of Canada, and had its own official currency and coinage. I have a few samples (bought from a coin dealer, not in circulation).
Yeah, the coin I have is a "local currency" souvenir thing from Corner Brook, much like the MacPuffin Dollar but not as cool-looking.
Quote from: 1995hoo on December 09, 2012, 06:30:15 PM
(Currently the regular adult admission is $24. But since most people don't come alone, the $2 bill thing still works if you come with a friend and give them $50 for two tickets.)
OT: Is that the highest price for any house tour in the nation?
Quote from: Steve on December 09, 2012, 08:23:42 PM
Quote from: 1995hoo on December 09, 2012, 06:30:15 PM
(Currently the regular adult admission is $24. But since most people don't come alone, the $2 bill thing still works if you come with a friend and give them $50 for two tickets.)
OT: Is that the highest price for any house tour in the nation?
I'll charge a fee of $100,000 to tour my house
QuoteThe girl taking my money got wide-eyed and exclaimed "Cool! I've never seen these before!" and after taking the money proceeded to pull out 2 $1 bills and two quarters out of her pocket in exchange for the $2 bill and half dollar so she could take them herself. I still receive $2 bills and/or half dollars occasionally as change and never hesitate to use them again myself, yet there still seems to be a certain amount of amazement anytime I use them.
This reminds me of the time I went to Walmart in Laramie, Wyoming and made an $8 purchase with four twos. The girl at the register looked at them a bit perplexed and then used the counterfeit pen on every single one of them.
I personally just scored a 1964 Silver Dime the other day in change. :)
I picked up a strap of $2 bills when I cashed my paycheck, and am going to use them in everyday spending. Trying to at least get more people interested in them! In fact, where I work, it would be nice to give out $2 bills in change; confusing, yes, but when someone gets a buffet and a drink for $7.80, then you can just give em a quarter, a nickel, and a two.
When I worked at Burger King, I actually would sell my drawer $10 or $20 worth of $2s to give out as change. In addition to being easier, it had the nice side effect of allowing the $1s to build up, since you would still get those people buying $8 worth of food in all ones but not have to give out $4 in ones as frequently. Customers usually wouldn't notice, and when they did they were usually happy, save for one or two people that I was able to mollify by giving them a no-fuss swap-out for $1s.
Unfortunately that side effect with the $1s still happens as a private citizen if you are not careful. My strategy is to cull the $1s from my wallet as I get them (keeping one single for purchases of an odd dollar amount, or for vending machines) and leave them at home. When I get $100 I strap it up (the tellers told me they appreciate this!) and deposit it in savings.
Quote from: mcdonaat on December 09, 2012, 11:42:06 PMwhen someone gets a buffet and a drink for $7.80, then you can just give em a quarter, a nickel, and a two.
You mean two dimes and a two, or $7.70...
I found the following story on $1 coins, it sounds like it should be true.
As we know, US coins used to be really made of silver, and were proportional to one another in size. The Mint stopped making silver dollars in the 30s, not for any political or economic reasons, but simply because there were enough in circulation to cover the demand, since it was a large coin of (then) high value.
Eventually, many of these ended up in Nevada. In casinos, where they were recycled over and over in the slot machines as a coin on table games. Then, when the price of silver rose above the face value of the coins, the US started issuing the "Johnson sandwich" coins we see today. Casinos quicky made a tidy profit by removing the silver dollar coins, but had a problem because they had all of these slot machines that needed $1 coins. So they made their own slugs. Which entered general circulation in Nevada.
The Mint objected and decided that it had to issue a dollar coin to prevent this. So the Ike was chosen. Ike was among the most popular recent presidents, Nixon (by then president) was Ike's VP, and it evened up the ratio of political parties on coins. The coins did fairly well, serving the casino industry and other such applications. Until the failed SBA coin, the "Carter Quarter" came out. Today, slot machines mostly operate with bill readers and pay off in tickets, rather than a coin drop, and casinos have issued $1 chips for the tables. You still see some table games, Pai Gow for example, where the win pay is $4.25 on a $5 bet, that use quarters and 50 cent pieces in the chip tray.
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
[
As to $1 and $2 coins, we have to go there. A $1 bill today is worth about what a dime was in the 50s. If somebody had proposed a 10 cent note back then, he would have been laughed at. But that is what we are doing, printing (at a much higher cost than coins) notes that have a very low purchasing power. The lowest purchasing power of any note in a major country. We need to do what Canada did. Just reclaim all of the $1s as they come into banks and issue $1 and $2 coins. Within a couple of years, it will be taken care of.
$1 and $2 coins only work if they are unique enough in dimension and/or weight so you can tell the denomination by feel. That's why the previous dollar coins have been largely unsuccesful in making it into general use, because in a pocket full of change, you can't tell them from a quarter.
However, before we force conversion of $1 and $2 bills to coins, there's a higher priority for the mint - abolishing the penny.
Quote from: roadman on December 10, 2012, 09:45:15 AMabolishing the penny.
I've always wondered why we've got this one still around. just who is the penny lobby ... and, more disturbingly, how do they pay off their politicians!?
I guess some greedy people are uncomfortable with having their rounded to the nearest 5¢.
I had the surprise of getting President Dollars as change in the High Peaks rest area last year; I wasn't aware the U.S. had restarted minting dollar coins, and I though "damn, AT GOOD LAST!"
And they seem to be much better than the previous issue of dollar coins that were, indeed, too hard to differentiate from quarters. Unfortunately, they don't seem to be picking up, which is a shame in my opinion. $1 notes are in such heavy circulation that their lifespan is extremely short, and I just hate to have a hard-to-count stash of such notes taking space in the bottom of my pocket or my wallet.
Regarding funny money, have a look at Canada's most recent issue of bank notes. They jumped into the polymer bandwagon, and their notes have transparent areas. And good luck trying to rip them.
The zinc industry, actually
Quote from: corco on December 10, 2012, 10:32:22 AM
The zinc industry, actually
Also Illinois-based politicians (sigh....)
You know, that 'Lincoln' thing....
:rolleyes:
Mike
Quote from: agentsteel53 on December 10, 2012, 10:12:40 AM
Quote from: roadman on December 10, 2012, 09:45:15 AMabolishing the penny.
I've always wondered why we've got this one still around. just who is the penny lobby ... and, more disturbingly, how do they pay off their politicians!?
Even more distrubing to me - why is Congressional action even required for the US minit to change their currency?
Quote from: roadman on December 10, 2012, 10:48:13 AM
Even more distrubing to me - why is Congressional action even required for the US minit to change their currency?
same reason as why legislatures set speed limits: they need
something to do. just because they don't have the relevant engineering know-how doesn't mean they can't stop meddling.
Quote from: roadman on December 10, 2012, 10:48:13 AM
Quote from: agentsteel53 on December 10, 2012, 10:12:40 AM
Quote from: roadman on December 10, 2012, 09:45:15 AMabolishing the penny.
I've always wondered why we've got this one still around. just who is the penny lobby ... and, more disturbingly, how do they pay off their politicians!?
Even more distrubing to me - why is Congressional action even required for the US minit to change their currency?
So the paper/copper/zinc industries can
send in their campaign contributions have their say.
Quote from: roadman on December 10, 2012, 10:48:13 AM
Quote from: agentsteel53 on December 10, 2012, 10:12:40 AM
Quote from: roadman on December 10, 2012, 09:45:15 AMabolishing the penny.
I've always wondered why we've got this one still around. just who is the penny lobby ... and, more disturbingly, how do they pay off their politicians!?
Even more distrubing to me - why is Congressional action even required for the US minit to change their currency?
Also, for many years now it has been mainly Massachusetts-based politicians who have kept $1 banknotes going, preventing their full replacement with coins (the mill that makes the paper - Crane & Co. - is located in Dalton, MA).
Mike
Quote from: roadman on December 10, 2012, 09:45:15 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
[
As to $1 and $2 coins, we have to go there. A $1 bill today is worth about what a dime was in the 50s. If somebody had proposed a 10 cent note back then, he would have been laughed at. But that is what we are doing, printing (at a much higher cost than coins) notes that have a very low purchasing power. The lowest purchasing power of any note in a major country. We need to do what Canada did. Just reclaim all of the $1s as they come into banks and issue $1 and $2 coins. Within a couple of years, it will be taken care of.
$1 and $2 coins only work if they are unique enough in dimension and/or weight so you can tell the denomination by feel. That's why the previous dollar coins have been largely unsuccesful in making it into general use, because in a pocket full of change, you can't tell them from a quarter.
However, before we force conversion of $1 and $2 bills to coins, there's a higher priority for the mint - abolishing the penny.
Why not use the same types of coins as Canada? They've done just fine with every denomination.
Quote from: Steve on December 10, 2012, 06:13:03 PM
Quote from: roadman on December 10, 2012, 09:45:15 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
[
As to $1 and $2 coins, we have to go there. A $1 bill today is worth about what a dime was in the 50s. If somebody had proposed a 10 cent note back then, he would have been laughed at. But that is what we are doing, printing (at a much higher cost than coins) notes that have a very low purchasing power. The lowest purchasing power of any note in a major country. We need to do what Canada did. Just reclaim all of the $1s as they come into banks and issue $1 and $2 coins. Within a couple of years, it will be taken care of.
$1 and $2 coins only work if they are unique enough in dimension and/or weight so you can tell the denomination by feel. That's why the previous dollar coins have been largely unsuccesful in making it into general use, because in a pocket full of change, you can't tell them from a quarter.
However, before we force conversion of $1 and $2 bills to coins, there's a higher priority for the mint - abolishing the penny.
Why not use the same types of coins as Canada? They've done just fine with every denomination.
The current U.S. dollar coin has been programmed into numerous vending machines, so it will have to retain those dimensions and weight. I think the coloration applied to every version since the Sacajawea dollar should allow adequate ability to distinguish from the quarter. Too bad the U.S. didn't try a dollar coin long ago (back around the Eisenhower dollar) that had the feel of a British pound - no way to miss those in your pocket. As far as a $2 coin, one big weakness may be that the U.S. long ago got out of the habit of using $2 notes in transactions, as convenient as that may seem to be.
As a very conservative people we hate change (pun intended). Thus the resistance to the metric system or major changes in currency.
Quote from: Dr Frankenstein on December 10, 2012, 10:31:42 AM
I guess some greedy people are uncomfortable with having their rounded to the nearest 5¢.
Yep. Having to charge $3.95 for that tchotchke instead of $3.99 can start to add up after a while to a large retailer.
QuoteI had the surprise of getting President Dollars as change in the High Peaks rest area last year; I wasn't aware the U.S. had restarted minting dollar coins, and I though "damn, AT GOOD LAST!"
And they seem to be much better than the previous issue of dollar coins that were, indeed, too hard to differentiate from quarters. Unfortunately, they don't seem to be picking up, which is a shame in my opinion. $1 notes are in such heavy circulation that their lifespan is extremely short, and I just hate to have a hard-to-count stash of such notes taking space in the bottom of my pocket or my wallet.
The older dollar coins (1978 and earlier) were larger than half dollars and much larger than quarters. There was no confusing them. For whatever reason, when the mint introduced the Susan B. Anthony dollar in 1979, they sized it down to being near identical in size to a quarter, which caused confusion and caused people to stop using them. Rather than come up with a replacement, the mint simply pulled dollar coins from production.
You experienced personally the reason they came back: a growth in vending machines which sell things more expensive than drinks and snacks. Since these machines cannot give bills in change, they all of a sudden created demand for dollar coins. Today they pretty much drive the circulation of them, people don't use them otherwise.
Production of dollar coins resumed in 1999, with the current size and color being implemented in 2000 so as to distinguish them from quarters.
Back around 1980, they produced about 1 billion one-cent pieces; enough for 250 million people (about the population of the US at the time) to have "enough" to make change for a nickel. It would seem that there would be enough pennies to go around without having to mint so many every year. And yet, people hoard the damn things in a 5-gallon-jug.
You could conceivably cease its future production, yet keep it as a viable currency. Theoretically, those saved pennies would eventually go back into circulation, or just rust out from staying in a fountain too long...
Quote from: formulanone on December 10, 2012, 09:59:12 PM
Back around 1980, they produced about 1 billion one-cent pieces; enough for 250 million people (about the population of the US at the time) to have "enough" to make change for a nickel. It would seem that there would be enough pennies to go around without having to mint so many every year. And yet, people hoard the damn things in a 5-gallon-jug.
I don't think I would use "hoard" to describe it. Personally, I
rarely ever have use for a penny...they're more of a nuisance for me than anything. Most vending machines don't take 'em, very few 1 cent mechanical toys exist anymore (and even if there were more of them, I'm
way to big to ride them), nor do parking meters accept them. I'd love to use pennies more often, but since I use plastic frequently and rarely use exact change, they typically reside in a dish on my dresser until I have enough of them to warrant a trip to the bank. Sure, a few stores have Coinstar machines (or whatever your regional brand may be) to exchange coins for something more "useful", but it'll be a cold day on the sun before I pay to have my money exchanged for different US currency.
Count me as one who is in favor of abolishing the penny. And for how much time I've wasted trying to flatten out a dollar bill in order for a vending machine to take it, I gladly welcome expanded use of the dollar coin.
When I was in Germany on post, funny enough, pennies did not exist. Everything was priced in 5¢ increments at the PX and the commissary and at the time, postage was 25¢. Also, strangely enough, $2 bills were in heavy circulation. I used to hoard them until one day when I was completely broke and had to raid my stash.
Off post, Germans got along fine with their smallest note being 5 marks (coins of this amount were much more common) and Brits got along fine with their smallest note being a fiver (although I did come across a £1 note once as change from a McD's in Scotland).
Get rid of the dollar bill and the dollar coin will take off. Yeah, they look like quarters. $5 bills look like $10 and $20 and $50 bills too. People will gripe at first and then get used to it.
Quote from: DaBigE on December 10, 2012, 11:08:21 PM
Quote from: formulanone on December 10, 2012, 09:59:12 PM
Back around 1980, they produced about 1 billion one-cent pieces; enough for 250 million people (about the population of the US at the time) to have "enough" to make change for a nickel. It would seem that there would be enough pennies to go around without having to mint so many every year. And yet, people hoard the damn things in a 5-gallon-jug.
I don't think I would use "hoard" to describe it. Personally, I rarely ever have use for a penny...they're more of a nuisance for me than anything. Most vending machines don't take 'em, very few 1 cent mechanical toys exist anymore (and even if there were more of them, I'm way to big to ride them), nor do parking meters accept them. I'd love to use pennies more often, but since I use plastic frequently and rarely use exact change, they typically reside in a dish on my dresser until I have enough of them to warrant a trip to the bank. Sure, a few stores have Coinstar machines (or whatever your regional brand may be) to exchange coins for something more "useful", but it'll be a cold day on the sun before I pay to have my money exchanged for different US currency.
Count me as one who is in favor of abolishing the penny. And for how much time I've wasted trying to flatten out a dollar bill in order for a vending machine to take it, I gladly welcome expanded use of the dollar coin.
The Coinstar machine at the grocery store near us gives you the option of exchanging the coins for one of various gift cards (e.g., iTunes or Amazon.com) and if you do that you don't pay a fee. So that's what we do since sooner or later we'd buy something from one of those two places anyway.
I know Finland does not mint 1¢ euro coins, although of course such coins minted in other euro countries can still be used in Finland. Doesn't seem to have caused them any problems. To me what really underscores how worthless the penny is in the USA is the ubiquity of the "leave a penny/take a penny" trays at so many stores and the large number of them you find lying on the street or the sidewalk because people feel it's not worth it to pick them up (I usually do, though). Shortchange a little old lady by 1¢ and watch her go ballistic, though!
Quote from: Duke87 on December 10, 2012, 09:14:58 PM
....
Production of dollar coins resumed in 1999, with the current size and color being implemented in 2000 so as to distinguish them from quarters.
The other major change on the current design is that the Anthony dollar had a "milled" or "reeded" edge, just like the quarter, whereas the "golden dollar" has a smooth edge (the edge lettering, which is unique for a US coin, doesn't feel anything like a milled edge). It's supposed to be a way to help people tell the dollar from the quarter simply by feel, although I have no idea how effective it is because I don't know anybody who actually uses them, as opposed to receiving them in change from vending machines.
The two things that I sometimes have trouble with in Canada are (a) remembering to dig in my pocket for the $1 and $2 coins (both because of ingrained US habit and because if I'm on a ski trip there's usually other junk in my pockets as well) and (b) the coin holder in the car doesn't have slots for the $1 and $2 coins and so I toss them in the cupholder and then forget they're there. Obviously both of those are minor habits that are easily overcome in a short time, though no doubt they're both the sort of things the whiners would raise in arguing against scrapping the US $1 bill.
Quote from: Steve on December 09, 2012, 09:45:49 AM
I am a coin collector so I could point to a lot of strange examples in my possession. Some of the more notable finds in circulation:
A mint condition 1969 dollar bill
A 1970 S dime from a proof set (in the corner of a dept. store)
A 1970 S quarter from a proof set (in change)
I forget the year, but I have a D over S double strike penny (not at all sure how that happened)
One wartime silver nickel (duplicated my already completed set)
I've never found any of the prior issues of coins in circulation except for dollars, where Anthonys would still turn up with Sacs for several years. I imagine you can't find Ikes anymore because dollar rolls have probably all adapted to the smaller size.
I've found mainly paper money in circulation, since that is what I've looked for.
$1 note from 1985 from an uncut sheet (sloppily cut out by hand; 9999xxxx serial number on the pre-1974 serial number press), heavily circulated
1934 North Africa $10
1934A $20 in nearly uncirculated condition out of an ATM in the mid-90s
1928 $100 (#4 district seal, as opposed to letter D)
and just about every series after 1950. It helps to have worked as a cashier for a few years, and to have had a friend who worked at a bank.
just now in Argentina I traded a recent $20 for a 1950D $20 that they had taped to the wall with a sign saying "no funny money accepted!" or the like.
never been able to acquire a 500 or higher from circulation... a friend of mine got one in 1991, which is 22 years after they were officially withdrawn, but at the time I didn't have that kind of disposable income.
somewhere I have three rolls of 1964-D half dollars, each stamped Denver Mint. got those at a bank in 1994!
Quote from: 1995hoo on December 11, 2012, 09:30:09 AM
The two things that I sometimes have trouble with in Canada are (a) remembering to dig in my pocket for the $1 and $2 coins (both because of ingrained US habit and because if I'm on a ski trip there's usually other junk in my pockets as well) and (b) the coin holder in the car doesn't have slots for the $1 and $2 coins and so I toss them in the cupholder and then forget they're there. Obviously both of those are minor habits that are easily overcome in a short time, though no doubt they're both the sort of things the whiners would raise in arguing against scrapping the US $1 bill.
I never actually use coins in general... so at the end of a Europe trip, I ended up with something like $220 in change just because I never reused my 1- and 2-euro coins. if the US started using the dollar coin more regularly, I'd probably end up with over a thousand dollars in change on my dresser every year.
Since the subject is funny money ...
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fsnappedshot.com%2Fuploads%2FParody%2FClinton_Sex_Dollar.jpg&hash=6320274c182860ffc5f2170db43ffe1d55521b13)
I've gotten a few Standing Liberty quarters in change at work before. Once a couple years ago I opened a quarter roll to discover all silver coins.
Quote from: Takumi on December 11, 2012, 10:27:22 AM
I've gotten a few Standing Liberty quarters in change at work before. Once a couple years ago I opened a quarter roll to discover all silver coins.
excellent!
I haven't gotten a silver coin in years. the last time was a 1944 Canadian 10 cent coin in Whitehorse; before that, it would be probably 2001 for a 1955 US quarter.
Quote from: Duke87 on December 10, 2012, 09:14:58 PM
For whatever reason, when the mint introduced the Susan B. Anthony dollar in 1979, they sized it down to being near identical in size to a quarter, which caused confusion and caused people to stop using them
I can't tell the difference between a $1 bill and a $5 bill when I reach into my pocket, either; if we abandoned the $1 bill, it would be easier to tell them apart. Oh, wait, I keep bills in my wallet. But, no, pulling a few coins out of my pocket to rifle through takes less effot than pulling out my wallet, opening it up, finding the right pocket, and rifling through bills that are
exactly the same size. The $1 coin still wins in my book.
Quote from: Dr Frankenstein on December 10, 2012, 10:31:42 AM
I guess some greedy people are uncomfortable with having their rounded to the nearest 5¢.
I had a coworker who was convinced that the tax rate would go up if we got rid of the penny. He reasoned that what used to cost 8c would now cost 10c, therefore a tax that used to be 8c on the dollar would now be 10c on the dollar. After a few days, I gave up trying to convince him otherwise.
I've never had any trouble spending dollar coins, half dollars, or $2 bills anywhere. If anything, people are happy to receive them. As for $50 bills go, I usually request them when I'm getting cash for a long road trip. It's the perfect denomination for buying a tank of gas (our car usually fills up for slightly less than or slightly more than $50), for example.
Quote from: kphoger on December 11, 2012, 05:06:40 PM
....
I've never had any trouble spending dollar coins, half dollars, or $2 bills anywhere. If anything, people are happy to receive them. As for $50 bills go, I usually request them when I'm getting cash for a long road trip. It's the perfect denomination for buying a tank of gas (our car usually fills up for slightly less than or slightly more than $50), for example.
The only time I've ever had a problem with any denomination of US money (coin or paper currency) was when I owed a colleague $60 and I asked him if he had change for a $100 and he said no and that he didn't want a $100 bill anyway because he considered anything larger than a $20 to be a nuisance, so I went to the ATM and got some $50s and I gave him a $50 and a $10 to piss him off.
Otherwise, my experience with things like $2s and half-dollars is the same as yours: Because people view them as a curiosity, or even think they're no longer circulated, they're fascinated and they often pull out some $1s or some quarters so they can keep the $2 or the half-dollar for themselves. I've certainly experienced people looking curiously at such things when I use them, and in the case of the Susan B. Anthony dollar I completely understand that because there's no denying it looks like a quarter.
Quote from: Dr Frankenstein on December 10, 2012, 10:31:42 AM
Regarding funny money, have a look at Canada's most recent issue of bank notes. They jumped into the polymer bandwagon, and their notes have transparent areas. And good luck trying to rip them.
They're also ugly as hell, with all of the relevant text that actually, you know, makes it legal money being shoved off into whichever tiny space they could simply for the sake of being different. Which is a terrible reason for doing things.
I really liked the Birds of Canada series. The design was simple, elegant, yet effective. The two series since have been far too busy for my liking.
(Of course, Canadian banknotes do get credit for at least retaining at least semi-consistent design between denominations...the current series of American notes are terrible in this regard.)
There's actually an automatic car wash around here that not only accepts $1 coins, but gives them out in change! I routinely put a $20 bill in there, select the cheapo $8 wash, and sort through all the dollar coins that come out to find ones I don't have (after putting my car through the wash, of course...why waste $8 just to get a bunch of dollar coins?) Usually just get repeats, which I just spend. Gave some to a Thruway toll collector once...the look they gave me was hilarious. I'm not a fan of the $1 coin- $1 bills fit much easier in my wallet, and I rarely dig in my pockets for change- but they are practical for keeping in the car and paying tolls with. I just wish the government would actually redesign the $1 bill to actually make it look like the rest of the money that's been redesigned twice since!
Pennies...can't get rid of 'em fast enough, I say.
Quote from: agentsteel53 on December 11, 2012, 10:04:44 AM
I never actually use coins in general... so at the end of a Europe trip, I ended up with something like $220 in change just because I never reused my 1- and 2-euro coins. if the US started using the dollar coin more regularly, I'd probably end up with over a thousand dollars in change on my dresser every year.
Indeed, this is a key reason why dollar coins do not see use here. Americans have grown accustomed to using only bills to pay for things. I myself am guilty of this - I never carry coins in my pocket unless I have received them as change from somewhere. It is an annoyance to have to put them in my pocket in the morning. There is no place to put them other than loose. Women at least have purses they can put coins in. Men have no convenient way to carry them. They certainly can't go in my wallet anywhere.
For this reason I, like many people, have change just build up, more or less. Quarters get used at the laundromat, so those I have no problem with. And I ditched most of my pennies last year about this time by donating them to Penny Harvest. But the nickels and dimes... I've got $30-$40 worth of them lying around that have gradually accumulated over the past 10 years or so. I keep meaning to take them to the bank but haven't gotten around to it.
As for dollar coins, the ones I occasionally end up with I simply spend.
When I am in Canada, I spend change simply because I am forced to carry it around with me if I don't and I won't be able to roll it up and take it to the bank. Loonies and twonies I have no trouble spending, though some of the smaller change starts to get annoying.
One thing that does bother me though is that since the smallest bill is $5, vending machines in Canada generally do not accept bills at all. This is annoying when you want a soda but have exhausted your supply of larger change.
Quote from: Duke87 on December 11, 2012, 09:01:15 PM
Men have no convenient way to carry them.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fwww.leathersmithdesigns.com%2Fchange-purses-wallets%2Fdeluxe-folding-change-purse.JPG&hash=4e97b0fe831df9f9b6fed2b6c611afc0edeee08e)
One of the slots in my AlumaWallet is used to hold a few dollar coins, as a kind of emergency cash reserve.
Quote from: Duke87 on December 10, 2012, 09:14:58 PM
Quote from: Dr Frankenstein on December 10, 2012, 10:31:42 AM
I guess some greedy people are uncomfortable with having their rounded to the nearest 5¢.
Yep. Having to charge $3.95 for that tchotchke instead of $3.99 can start to add up after a while to a large retailer.
Where did you learn rounding? $3.99 would round to $4.00!
It works in countries throughout Europe*, and blatantly further afield (I'm pretty sure supermarkets in Indonesia put prices in Rupiah and whatever the term for hundredths is, but the smallest coin was a rarely-seen half Rupiah - so round to the nearest 50). Gas stations are happy with the .9 being unpayable, etc, etc.
*For years - they did it in France with Francs. You paid peanuts more sometimes, and peanuts less others - it balanced out and after hundreds of transactions, you'd be unlikely to be more than a few centimes off, rather than francs off. The same is the case with Euro and cents, and will be with Dollars and cents.
Quote from: SP Cook on December 10, 2012, 08:05:18 AM
I found the following story on $1 coins, it sounds like it should be true.
As we know, US coins used to be really made of silver, and were proportional to one another in size. The Mint stopped making silver dollars in the 30s, not for any political or economic reasons, but simply because there were enough in circulation to cover the demand, since it was a large coin of (then) high value.
Eventually, many of these ended up in Nevada. In casinos, where they were recycled over and over in the slot machines as a coin on table games. Then, when the price of silver rose above the face value of the coins, the US started issuing the "Johnson sandwich" coins we see today. Casinos quicky made a tidy profit by removing the silver dollar coins, but had a problem because they had all of these slot machines that needed $1 coins. So they made their own slugs. Which entered general circulation in Nevada.
The Mint objected and decided that it had to issue a dollar coin to prevent this. So the Ike was chosen. Ike was among the most popular recent presidents, Nixon (by then president) was Ike's VP, and it evened up the ratio of political parties on coins. The coins did fairly well, serving the casino industry and other such applications. Until the failed SBA coin, the "Carter Quarter" came out. Today, slot machines mostly operate with bill readers and pay off in tickets, rather than a coin drop, and casinos have issued $1 chips for the tables. You still see some table games, Pai Gow for example, where the win pay is $4.25 on a $5 bet, that use quarters and 50 cent pieces in the chip tray.
There are other reasons that were more compelling that led the casino industry to the changes it underwent. Slot machines no longer use coins because it is not economical to maintain coin-in/coin-out machines. Coin jams are a pain in the ass to clear, and require allowing access to the coin hopper by any random technician that might be tasked with doing so. With a bill acceptor, you can keep the accepted bills locked up (bill jams, when they do occur, will happen in the removable acceptor unit, not the drop box) and only have to worry about tickets going out, which are just worthless blank paper before they are printed. You also do not have to worry about the logistics of keeping jars of spare coins around when hoppers run empty–a 400-count ticket bundle is small enough you can leave it sitting inside the machine, or have your attendants carry one in their pocket.
Chips entered into play on table games because casinos realized that adding the additional abstraction layer of exchanging cash for little clay discs with no inherently perceived worth makes people gamble more. People tend to forget that a green chip is exchangeable for $25 in real money and that makes it easy to bet two or three at a time. Chips are also easier to account for than coins, since it is easy to make chips all the same size, whereas coins will naturally vary in thickness based on wear and simple manufacturing differences. This means you can easily count chips by taking a stack of a known number of chips (like 5) and then cutting out stacks of equal height from a taller stack, which will result in small stacks that contain the same number of chips as the original stack. You can also make chips of extremely high denominations–the casino I work in has purple $500 chips available, and another casino in the change has orange $1,000 chips.
Quote from: Duke87 on December 11, 2012, 09:01:15 PMWomen at least have purses they can put coins in. Men have no convenient way to carry them.
indeed. my girlfriend always seems to have the same amount of coins in her possession - about 4 or 5 bucks, because her purse has a place for them, and she actively thinks to spend them.
on the other hand, the last time my jar filled up, I went and redeemed it and there was enough for a plane ticket to a non-trivial destination!
I think that Americans don't use their change because their coins' value are of little significance. If they made the switch to $1and $2 coins, perhaps their habits would change. ;)
I'm opposed to the abolishing of dollar coins because I carry enough change around as it is, and carrying more coins is not appealing to me. At my former workplace, the vending machines gave out $1 coins and I always carried around what seemed like 5 pounds of extra weight around all the time.
Besides, how do you put a dollar coin in a stripper's G-string?
Quote from: bugo on December 12, 2012, 12:48:38 PM
I'm opposed to the abolishing of dollar coins because I carry enough change around as it is, and carrying more coins is not appealing to me. At my former workplace, the vending machines gave out $1 coins and I always carried around what seemed like 5 pounds of extra weight around all the time.
Besides, how do you put a dollar coin in a stripper's G-string?
On the first note, a dollar is about as heavy as four quarters. I prefer dollar coins, since they can be stored in a jar and spent without making too big of a dent.
Second note - no comment.
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
I know a Canadian and he says they throw loonies at the strippers.
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of
any cash. Resistance is futile.
indeed, I try to run as much as possible through a credit card. 2% back surely helps!
Quote from: bugo on December 12, 2012, 12:48:38 PM
I'm opposed to the abolishing of dollar coins because I carry enough change around as it is, and carrying more coins is not appealing to me. At my former workplace, the vending machines gave out $1 coins and I always carried around what seemed like 5 pounds of extra weight around all the time.
Besides, how do you put a dollar coin in a stripper's G-string?
Stop being so #*@#@$% CHEAP! - use $5s, you'll be amazed at how fast and how much the quality of the shows improve! Using $1s in the strip joint is so...
...1930s.
Ditto the $2 minimum bet at the racetrack.
Mike
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
Until, of course, the power goes out.
:thumbsup:
Mike
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
<TANGENT>
You've heard of throwing paper money around and calling it 'making it rain', right? I once heard of a guy who threw fistfuls of quarters at a stripper. "I'm making it hail!" he shouted.
</TANGENT>
Quote from: mgk920 on December 12, 2012, 04:01:31 PM
Until, of course, the power goes out.
:thumbsup:
:clap:
Quote from: Takumi on December 12, 2012, 04:35:35 PM
Quote from: mgk920 on December 12, 2012, 04:01:31 PM
Until, of course, the power goes out.
:thumbsup:
:clap:
People don't want warm beer, so this problem will
never happen. :sombrero:
Quote from: bugo on December 12, 2012, 12:48:38 PMBesides, how do you put a dollar coin in a stripper's G-string?
We use fives.
Quote from: mgk920 on December 12, 2012, 04:01:31 PM
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
Until, of course, the power goes out.
:thumbsup:
Mike
Write down the billing info for later processing when the system is restored. That's what places on campus do whenever the Aramark equipment gets out of whack.
I sure as hell wouldn't trust a stripper with my credit card info. :pan:
Quote from: english si on December 12, 2012, 08:00:43 AM
Quote from: Duke87 on December 10, 2012, 09:14:58 PM
Quote from: Dr Frankenstein on December 10, 2012, 10:31:42 AM
I guess some greedy people are uncomfortable with having their rounded to the nearest 5¢.
Yep. Having to charge $3.95 for that tchotchke instead of $3.99 can start to add up after a while to a large retailer.
Where did you learn rounding? $3.99 would round to $4.00!
But that would defeat the entire purpose of why retailers charge $3.99 instead of $4.00 in the first place - it makes the item appear less expensive than it actually is. $3.99 is basically the same as $4.00, but because the first digit is lower, mentally it seems a lot cheaper and people are more willing to spend money on it. Without pennies, you have to charge $3.95 to have the same effect.
This is taken advantage of religiously by retailers in the US. You will almost never see a number on a price tag in a store that ends in 0. They all end in 9. Is it different in Europe?
The idea would be that $3.99 would still be the price- since tax isn't typically included in that price, it would still have to be added in and then rounded at the point of sale.
Europe doesn't work because tax is included in the posted price so the price you see is the price you pay, so calling it $3.99 when it's really $4 would be lying.
Quote from: corco on December 12, 2012, 08:56:06 PM
The idea would be that $3.99 would still be the price- since tax isn't typically included in that price, it would still have to be added in and then rounded at the point of sale.
That's the plan in Canada. Canada's new guidelines for businesses in its post-penny world (http://www.budget.gc.ca/2012/themes/theme2-fs-fi-2-eng.html) (starting early 2013) call for them to do rounding only after all items in a transaction are added together, and taxes are added to that total, just before the cashier has to make change for the customer. Retailers can still charge $3.99 for individual items, since any rounding would take place later in the process. And businesses can forgo rounding altogether for non-cash purchases like with credit cards, though I suspect they'll round for those anyway to avoid miserly customers deciding at the last minute whether to pay with cash or plastic depending on whether rounding saves them or does them out of a few cents.
Quote from: vtk on December 12, 2012, 04:10:07 PM
<TANGENT>
You've heard of throwing paper money around and calling it 'making it rain', right? I once heard of a guy who threw fistfuls of quarters at a stripper. "I'm making it hail!" he shouted.
</TANGENT>
Eh. I'm Jewish. We use pennies for that.
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
You, sir, win the Internet today.
Quote from: deanej on December 12, 2012, 05:09:18 PM
Quote from: mgk920 on December 12, 2012, 04:01:31 PM
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
Until, of course, the power goes out.
:thumbsup:
Mike
Write down the billing info for later processing when the system is restored. That's what places on campus do whenever the Aramark equipment gets out of whack.
The credit card company where I work *prohibits* us from recording any info of that sort for processing 'later'. If the system goes down, we're cash only.
Mike
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
In my grandmother's collection of old bills and banknotes, I remember there being a 25-cent note, from Canada IIRC.
I definitely enjoy odd bits of currency just for their novelty and not at all for their (real or perceived) value. I should really get back into spending $2 bills...
And as for all the U.S. quarters that have been dreamed up lately...I got all the 50 states in regular pocket change with no real difficulty...but I'll be danged if I've seen more than one single National Parks quarter in my change since their inception (Hot Springs, the first one). What's the deal there?
Quote from: deanej on December 12, 2012, 05:09:18 PM
Quote from: mgk920 on December 12, 2012, 04:01:31 PM
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
Until, of course, the power goes out.
:thumbsup:
Mike
Write down the billing info for later processing when the system is restored. That's what places on campus do whenever the Aramark equipment gets out of whack.
What do you do when you run it later and find out the card was declined? Your customer is most likely long gone at that point...
Quote from: corco on December 12, 2012, 08:56:06 PMEurope doesn't work because tax is included in the posted price so the price you see is the price you pay, so calling it $3.99 when it's really $4 would be lying.
Gas with their .9c prices - you've never been able to pay .9c.
How could it be lying when if you buy 5 items, you will pay 5c less.
Quote from: Duke87 on December 12, 2012, 08:48:55 PMThis is taken advantage of religiously by retailers in the US. You will almost never see a number on a price tag in a store that ends in 0. They all end in 9. Is it different in Europe?
Not really - things don't all end in 9, some end in 0, but even in the places where the convention is to round the prices aren't rounded.
Quote from: Scott5114 on December 13, 2012, 03:31:46 AM
Quote from: deanej on December 12, 2012, 05:09:18 PM
Quote from: mgk920 on December 12, 2012, 04:01:31 PM
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
Until, of course, the power goes out.
:thumbsup:
Mike
Write down the billing info for later processing when the system is restored. That's what places on campus do whenever the Aramark equipment gets out of whack.
What do you do when you run it later and find out the card was declined? Your customer is most likely long gone at that point...
The issue at hand where I work is the security of the customers' accounts.
Mike
Quote from: triplemultiplex on December 12, 2012, 03:38:59 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
Besides, how do you put a dollar coin in a stripper's G-string?
Use the coin slot.
Technology will make all this discussion moot. The future is cashless. Yeah, yeah, all you old timers are going to cling to your cash because you 'like it' or are sceerd of technology, but you're going to be the jerks slowing down the checkout lines digging through your wallets for pieces of paper while the rest of us will just flash our mobile devices at a computer and be on our way. At least we'll do most of our shopping online and only run into you troglodytes at the grocery store.
I can't wait for this technology to become ubiquitous. And it will happen. Those funny looks you get with Susan B. Anthony dollars and $2 notes will some day be the response to the use of any cash. Resistance is futile.
You mean sort of like today when you get stuck behind a little old lady at the grocery store who insists on paying by check, but doesn't get out her checkbook and start filling in the date/store name/etc. until after the cashier has finished ringing up the order..... I worked at a computer store 20 years ago and I HATED the check customers, always took forever.
Quote from: 1995hoo on December 13, 2012, 10:48:08 AM
You mean sort of like today when you get stuck behind a little old lady at the grocery store who insists on paying by check, but doesn't get out her checkbook and start filling in the date/store name/etc. until after the cashier has finished ringing up the order..... I worked at a computer store 20 years ago and I HATED the check customers, always took forever.
I'm surprised banks are putting transaction fees on electronic payments (bill pay subscription fee, etc) and are processing checks for free - despite the fact that the latter requires a lot more manpower than the former.
if banks had universal 0% electronic funds transfers and a 5% fee on checks, we'd all embrace that advanced 1970s technology in no time.
Quote from: agentsteel53 on December 13, 2012, 10:57:51 AM
Quote from: 1995hoo on December 13, 2012, 10:48:08 AM
You mean sort of like today when you get stuck behind a little old lady at the grocery store who insists on paying by check, but doesn't get out her checkbook and start filling in the date/store name/etc. until after the cashier has finished ringing up the order..... I worked at a computer store 20 years ago and I HATED the check customers, always took forever.
I'm surprised banks are putting transaction fees on electronic payments (bill pay subscription fee, etc) and are processing checks for free - despite the fact that the latter requires a lot more manpower than the former.
if banks had universal 0% electronic funds transfers and a 5% fee on checks, we'd all embrace that advanced 1970s technology in no time.
Some people still wouldn't. Various businesses are still stuck using checks due to antiquated regulations (the Virginia State Bar, for example, is
extremely picky with the rules about sending money from a trust account–you must use a paper check, period). Then you have people who are just stubborn. My parents, who are both in their mid-60s, refuse to use an ATM under any circumstances whatsoever. A couple of weeks ago they gave me a check for some money they owed me and I immediately pulled out my iPhone and used the banking app's "mobile check deposit" feature to deposit the check on the spot. I expected them to have a conniption and scream bloody murder and I was pretty damn surprised when they didn't.
So many things are like this, though. Consider that under many, perhaps most, states' laws e-mail is considered unsecure because of the risk of hacking, but traditional snail mail is considered secure even though for the average person out there it would be a lot easier to steal an envelope than it would be to hack into someone's e-mail (especially if the target's snail mailbox does not have a lock on it, as is extremely common in suburban areas).
Quote from: agentsteel53 on December 13, 2012, 10:57:51 AM
Quote from: 1995hoo on December 13, 2012, 10:48:08 AM
You mean sort of like today when you get stuck behind a little old lady at the grocery store who insists on paying by check, but doesn't get out her checkbook and start filling in the date/store name/etc. until after the cashier has finished ringing up the order..... I worked at a computer store 20 years ago and I HATED the check customers, always took forever.
I'm surprised banks are putting transaction fees on electronic payments (bill pay subscription fee, etc) and are processing checks for free - despite the fact that the latter requires a lot more manpower than the former.
if banks had universal 0% electronic funds transfers and a 5% fee on checks, we'd all embrace that advanced 1970s technology in no time.
You might be surprised - "electronic payment" isn't always electronic. At First Niagara, "online bill pay" just means that a clerk at the online bill pay center writes and mails the check instead of you.
Speaking of that, I really should order new checks yesterday. While I rarely use them, and my existing ones are
technically still good, I really shouldn't use them. Too bad you are still forced to buy them is big boxes that give out a lifetime's supply of checks. As far as the financial system is concerned, the 21st century is a myth.
I think states consider email "insecure" because then the police can ignore the 4th amendment without getting into trouble with the courts.
Quote from: deanej on December 13, 2012, 11:30:30 AM
You might be surprised - "electronic payment" isn't always electronic. At First Niagara, "online bill pay" just means that a clerk at the online bill pay center writes and mails the check instead of you.
I am aware. I've had mysterious envelopes from Obscure Bank & Trust show up in the mail, and I almost tossed them in the shredder unread, because that large "PAYMENT ENCLOSED" looks like just the hook a spammer would use to get you to read about their shitty credit card.
nowadays, though, I know Wells Fargo uses the actual sender's return address, and I think other banks do as well, so you recognize that the letter is legitimate.
Quote from: Duke87 on December 10, 2012, 09:14:58 PM
Quote from: Dr Frankenstein on December 10, 2012, 10:31:42 AM
I guess some greedy people are uncomfortable with having their rounded to the nearest 5¢.
Yep. Having to charge $3.95 for that tchotchke instead of $3.99 can start to add up after a while to a large retailer.
Aside from the easy answer of rounding after tax at checkout, the price could be changed from $3.99 to $4.45, with the increase blamed on inflation.
Quote from: bugo on December 12, 2012, 12:48:38 PM
I'm opposed to the abolishing of dollar coins because I carry enough change around as it is, and carrying more coins is not appealing to me
Wouldn't the abolishing of dollar coins make you
less likely to carry around more coins?
Quote from: bugo on December 12, 2012, 10:26:01 PM
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
Yeah, kind of like how we now live in a paperless society where books are an obsolete medium. Last I checked there are one
heck of a lot of books at the local Barnes & Noble. Maybe cash transactions between friends will be impossible–only barter.
Quote from: bugo on December 12, 2012, 10:26:01 PM
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
Not exactly. Having a separate chunk of plastic with a magnetic strip or RFID chip in it will also be left behind someday. All transactions will eventually be electronic. You'll just punch in the transaction to your mobile device and funds will transfer from your account to the seller's.
It'll take a long time to become mainstream, but the technology already exists to completely do away with the expense and energy put into cash and coins. All the mobile devices and accounts will be encrypted, probably bio-metrically, so if someone steals one from you, all they have is a paper weight (and ironically, no paper to use it on, probably). Recent history has shown people gladly trade perceived security for convenience when it comes to buying shit. So start wrapping your brains around the concept of a cashless society now because we just may live long enough to see it.
Quote from: kphoger on December 13, 2012, 04:23:33 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
I'm opposed to the abolishing of dollar coins because I carry enough change around as it is, and carrying more coins is not appealing to me
Wouldn't the abolishing of dollar coins make you less likely to carry around more coins?
Quote from: bugo on December 12, 2012, 10:26:01 PM
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
Yeah, kind of like how we now live in a paperless society where books are an obsolete medium. Last I checked there are one heck of a lot of books at the local Barnes & Noble. Maybe cash transactions between friends will be impossible–only barter.
Or like how the federal courts adopted a "paperless" system where you file documents electronically over the Internet as .PDFs instead of delivering paper to the clerk's office, but almost every court then turned around and required that everyone deliver paper copies anyway!
Quote from: triplemultiplex on December 13, 2012, 06:18:03 PM
Quote from: bugo on December 12, 2012, 10:26:01 PM
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
Not exactly. Having a separate chunk of plastic with a magnetic strip or RFID chip in it will also be left behind someday. All transactions will eventually be electronic. You'll just punch in the transaction to your mobile device and funds will transfer from your account to the seller's.
It'll take a long time to become mainstream, but the technology already exists to completely do away with the expense and energy put into cash and coins. All the mobile devices and accounts will be encrypted, probably bio-metrically, so if someone steals one from you, all they have is a paper weight (and ironically, no paper to use it on, probably). Recent history has shown people gladly trade perceived security for convenience when it comes to buying shit. So start wrapping your brains around the concept of a cashless society now because we just may live long enough to see it.
This comment makes me think of
Back to the Future II. When Marty McFly and Doc Brown went forward to 2015, people paid for things by "thumbing" the payment–essentially putting a thumbprint on an electronic reader.
Quote from: agentsteel53 on December 13, 2012, 11:38:02 AM
Quote from: deanej on December 13, 2012, 11:30:30 AM
You might be surprised - "electronic payment" isn't always electronic. At First Niagara, "online bill pay" just means that a clerk at the online bill pay center writes and mails the check instead of you.
I am aware. I've had mysterious envelopes from Obscure Bank & Trust show up in the mail, and I almost tossed them in the shredder unread, because that large "PAYMENT ENCLOSED" looks like just the hook a spammer would use to get you to read about their shitty credit card.
nowadays, though, I know Wells Fargo uses the actual sender's return address, and I think other banks do as well, so you recognize that the letter is legitimate.
I used my electronic banking to send my father a check once when I owed him some money. Told him I was doing it, told him it would not look like my normal check and that at first glance he might think it was some sort of scam where cashing it changes your long-distance service. Told him what the check would look like. He still claimed he hadn't gotten it until I went over there and dug through the paper on his desk and found it, at which point he said, "I wasn't sure that was real." My father is not a stupid guy and is not even as much of a Luddite as my comments in this thread would suggest. But it underscores to me that people are going to hear only what they want to hear. No matter how thoroughly I explained it, because he refuses to use electronic banking he had trouble accepting that the check was valid. It makes me think that if someone I know and trust is that stubborn about it, how much worse must a lot of other people be? Imagine all the howls of protest from conspiracy theorists who would object to electronic banking because they think it lets people track their spending and the like (never mind that credit cards already allow that anyway).
The real problem in this country is that the politicians give in too readily to all the lobbyists who represent the conspiracy theorists and the like. To get rid of the dollar bill or the penny or whatever will simply require Congress and the president to sack up and DO IT, just like the Canadian government did.
Quote from: kphoger on December 13, 2012, 04:23:33 PM
Quote from: bugo on December 12, 2012, 12:48:38 PM
I'm opposed to the abolishing of dollar coins because I carry enough change around as it is, and carrying more coins is not appealing to me
Wouldn't the abolishing of dollar coins make you less likely to carry around more coins?
I mistyped. I meant the abolishment of paper $1 bills.
Quote from: triplemultiplex on December 13, 2012, 06:18:03 PM
Quote from: bugo on December 12, 2012, 10:26:01 PM
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
Not exactly. Having a separate chunk of plastic with a magnetic strip or RFID chip in it will also be left behind someday. All transactions will eventually be electronic. You'll just punch in the transaction to your mobile device and funds will transfer from your account to the seller's.
It'll take a long time to become mainstream, but the technology already exists to completely do away with the expense and energy put into cash and coins. All the mobile devices and accounts will be encrypted, probably bio-metrically, so if someone steals one from you, all they have is a paper weight (and ironically, no paper to use it on, probably). Recent history has shown people gladly trade perceived security for convenience when it comes to buying shit. So start wrapping your brains around the concept of a cashless society now because we just may live long enough to see it.
That way, banks (and by extension, the government) will be able to keep up with all transactions. I find this chilling and intolerable.
Quote from: bugo on December 13, 2012, 07:21:41 PM
Quote from: triplemultiplex on December 13, 2012, 06:18:03 PM
Quote from: bugo on December 12, 2012, 10:26:01 PM
How am I going to buy something from a friend? At a yard sale? Is everybody going to have a credit card reader?
Not exactly. Having a separate chunk of plastic with a magnetic strip or RFID chip in it will also be left behind someday. All transactions will eventually be electronic. You'll just punch in the transaction to your mobile device and funds will transfer from your account to the seller's.
It'll take a long time to become mainstream, but the technology already exists to completely do away with the expense and energy put into cash and coins. All the mobile devices and accounts will be encrypted, probably bio-metrically, so if someone steals one from you, all they have is a paper weight (and ironically, no paper to use it on, probably). Recent history has shown people gladly trade perceived security for convenience when it comes to buying shit. So start wrapping your brains around the concept of a cashless society now because we just may live long enough to see it.
That way, banks (and by extension, the government) will be able to keep up with all transactions. I find this chilling and intolerable.
Not to mention...... What does one do in the absence of a mobile device?
I still use checks rather than automatic direct deposit for bills because I do not trust the utility company and/or bank to accidentally screw something up and take the wrong amount, take twice, etc. We have all heard stories of billing mishaps where due to a software error someone is charged $263,000 for their phone bill. Of course, in an instance like that, you would have course be able to get the money back, but it would mean a hell of a lot of screwing around fighting with "Press 1 for English, para español imprime dos" phone kiosk things, and the process would probably take a couple weeks, during which I would have no money. I would rather specifically initiate the payment process myself–I trust myself to not forget.
Another reason I do not use automatic payment systems is because of the accounting system my girlfriend and I use to split costs. We keep a running balance in a spreadsheet–when she pays for things, it's negative, when I do, it's positive; if the balance is negative, it's my turn to pay.
At a POS I can verify the price, so I'm okay with card swipes. Transactions under about $20, though, I use cash for.
Quote from: Scott5114 on December 14, 2012, 01:15:35 AM
I still use checks rather than automatic direct deposit for bills because I do not trust the utility company and/or bank to accidentally screw something up and take the wrong amount, take twice, etc. We have all heard stories of billing mishaps where due to a software error someone is charged $263,000 for their phone bill. Of course, in an instance like that, you would have course be able to get the money back, but it would mean a hell of a lot of screwing around fighting with "Press 1 for English, para español imprime dos" phone kiosk things, and the process would probably take a couple weeks, during which I would have no money. I would rather specifically initiate the payment process myself–I trust myself to not forget.
I feel the same way, except I do manual "one time electronic transfers" instead of writing checks. This way virtually eliminates clerical errors that could happen with a physical check, in addition to saving postage, paper, and
time. If there is any discrepancy in a bill, I withhold my payment until the problem is rectified. Utility companies, and the like are very fast when taking your money, but slower than a five year old finishing a plate of chopped liver when it comes to refunding your money.
I pay my bills electronically, but you can kill me before you'd get me to bill anything automatically.
Also, I won't have a smart phone for as long as the phone companies require you to pay an arm and a leg for a data plan to buy one. Besides, taking out a credit card is easier than taking out a phone every time.
I use my bank's online bill payment and I never use the option to give a creditor access to a bank account, including never paying through one of their websites. I have set up a recurring payment in the bank's system for one account, our HOA dues paid monthly; I put in the amount and said 12 payments. I know this amount never changes during any given year. Otherwise, I program in the payments every month, and I never have them go early the way the credit-card issuers always want. I always laugh when I get the e-mail from Discover a week before the due date saying "We haven't received your minimum payment yet." No shit! It's the sixth of the month and the bill isn't due until the 13th! Give me a reward for paying early and maybe I'll reconsider, but otherwise, they'll get the money the day before it's due.
On the whole the electronic payment seems tailor-made for these sorts of things, or for transfers between your own accounts, because really that's all you're doing: Moving money from one electronic record to another. Sending a paper check just introduces the element of human error, such as when the person keying in the data mistypes the number. I continued to use paper checks for a good while when my bank still returned the cancelled checks, but once that stopped, I largely switched to electronic payment. What prompted me to try it the first time was that the bank offered me $25 for trying "e-bills," where a creditor sends a bill to my bank account electronically; at the same time, State Farm started charging $3 to receive a paper bill. So I tried the e-bills with my State Farm account and liked it. The "e-bill" doesn't allow them access to the bank account; I still have to program in the payment amount and date.
One reason I find it very useful is that it lets me pay the bills on the normal schedule when I travel. That is, I've mentioned my parents. In 2010 they took a month-long trip to Australia and New Zealand and my brother and I looked after their house for them. Before they left, my mother prepared a list of all the bills with their due dates and she left a stack of signed blank checks so that we could fill them in and mail the payments on the appropriate dates. Strikes me as a massive pain the arse to go through all that–plus, what happens if my brother and I wind up in a car crash or something and can't go over to their house to get the mail and fill in the checks? I told my mom that even if they pay by check normally, a trip like that is the ideal time to use the electronic payments simply because you know it was done properly and you need not think about it. She agreed but said my father would never allow it. To me, that seems kind of silly–I think it's valuable to educate yourself on how the bank's system works so that you have the option if you need it.
QuoteI still use checks rather than automatic direct deposit for bills because I do not trust the utility company and/or bank to accidentally screw something up and take the wrong amount, take twice, etc. We have all heard stories of billing mishaps where due to a software error someone is charged $263,000 for their phone bill. Of course, in an instance like that, you would have course be able to get the money back, but it would mean a hell of a lot of screwing around fighting with "Press 1 for English, para español imprime dos" phone kiosk things, and the process would probably take a couple weeks, during which I would have no money. I would rather specifically initiate the payment process myself–I trust myself to not forget.
I have one credit card I use exclusively for bills in case something like that happens. I check frequently towards the end of the month to ensure that everything is going correctly and pay it off in full as soon as the bills are posted. There is some risk that there's an error, the card maxes out, and then another auto bill pay bill doesn't pay, but that's why I check every couple days towards the end of the month.
That way if there's a payment dispute and Tucson Electric accidentally charges me $2,000,000 for my electric, I have the credit card company as a buffer. Since I don't use that card for anything but bills, it doesn't hurt my normal cash flow.
My internet bill charges my credit card. My electric bill debits my bank account and while I'm not fond of that, they charge a fee to pay by credit card and paying manually would cost effort and stamps, and potentially not work if I left town for a couple weeks at the wrong time of the month. My rent must be paid by putting a check in the mail since the company that owns my building doesn't have electronic payment, but at least it's the same amount every month so if I know I'm going to be away I can pay it in advance of actually receiving the bill.
I pay my credit card bill pretty much as soon as the statement comes. I'm not comfortable letting it get close to the due date unpaid in case something goes wrong when I attempt to pay it.
Checks. Why stores take checks in this day and age is beyond me. Every store needs to announce that, effective in 60 days, its credit/debit card or cash, only. People that write checks are rude.
Electronic bill pay. There are two ways to do this. One is to pay on-line via your bank (use the bank's website to direct it to transfer money). The other is to pay on like via the vendor (use the vendor's website to authorize it to subtract money from your account). I do the former. There is no way in hell I am allowing a company to take money out of my account.
Thing I learned from a friend. I keep a totally seperate credit card with a very low credit limit in my car. Use it only for drivethrus. Keeps me from having to pull out my wallet. Limit is so low that even if the car was stolen it wouldn't be that big of a deal.
There was a period of time when I was in college where I was allowed to have a checking account but not to have a debit card, as I was not yet 18. Figure that one out.
I don't understand people that pay bills at the last minute. First, I don't like leaving things on my to do list. More importantly, banks and credit card companies have been known to mess with electronic payment "processing times" in order to ding people with late fees.
Quote from: deanej on December 15, 2012, 11:22:39 AM
I don't understand people that pay bills at the last minute. First, I don't like leaving things on my to do list. More importantly, banks and credit card companies have been known to mess with electronic payment "processing times" in order to ding people with late fees.
Some people don't have the money to pay until the last minute...
Quote from: empirestate on December 15, 2012, 11:26:37 AM
Quote from: deanej on December 15, 2012, 11:22:39 AM
I don't understand people that pay bills at the last minute. First, I don't like leaving things on my to do list. More importantly, banks and credit card companies have been known to mess with electronic payment "processing times" in order to ding people with late fees.
Some people don't have the money to pay until the last minute...
I think they were referring to those who
choose to pay last minute.
A fellow road guy from Australia sent me a package that I received today. It contained some Vegemite, some Australian BBQ sauce, and some Australian money, mostly coins but also a $5 bill. I'm going to have to return the favor soon.
What would be the American equivalent of Vegemite to send over?
As someone who likes Marmite, so Vegemite shouldn't taste awful I decided to buy some a few years back. A friend was thankfully also curious and swapped it for some proper Marmite, or it would have gone in the bin.
So maybe that brown fat from Pennsylvania that calls itself chocolate...
Nutella probably fills the same niche here, but it's Italian-made.
Is canned spray cheese distinctly American enough? How about spam?
Marshmallow fluff. Now there's something distinctly American!
Peanut butter. Most of the rest of the world finds it disgusting.
Also cinnamon, loved in the USA and reviled everywhere else.
Mike
Quote from: mgk920 on December 16, 2012, 04:05:28 PM
Also cinnamon, loved in the USA and reviled everywhere else.
Mike
Cite? And this is getting way OT.
Bringing it back on topic, crack rolled in $100 bills.
Quote from: english si on December 15, 2012, 07:21:19 PM
What would be the American equivalent of Vegemite to send over?
As someone who likes Marmite, so Vegemite shouldn't taste awful I decided to buy some a few years back. A friend was thankfully also curious and swapped it for some proper Marmite, or it would have gone in the bin.
So maybe that brown fat from Pennsylvania that calls itself chocolate...
If you want to send the American equivalent, just have Chuck Norris poop in a zip-loc baggie.
Quote from: vtk on December 15, 2012, 08:36:25 PMIs canned spray cheese distinctly American enough?
That's the winner.
Chuck Norris poop would be a bit nicer than Vegemite, though similar in taste.
Quote from: mgk920 on December 16, 2012, 04:05:28 PM
Also cinnamon, loved in the USA and reviled everywhere else.
Mike
Hungarians would disagree with you.
Quote from: 1995hoo on December 17, 2012, 09:06:46 AM
Quote from: mgk920 on December 16, 2012, 04:05:28 PM
Also cinnamon, loved in the USA and reviled everywhere else.
Mike
Hungarians would disagree with you.
It also features prominently in Mexican cuisine as well as, I believe, that of northern Greece. Certainly not reviled everywhere but here–in fact, it is used for savory dishes in other countries more than it is here.
Quote from: kphoger on December 17, 2012, 09:32:24 AM
Quote from: 1995hoo on December 17, 2012, 09:06:46 AM
Quote from: mgk920 on December 16, 2012, 04:05:28 PM
Also cinnamon, loved in the USA and reviled everywhere else.
Mike
Hungarians would disagree with you.
It also features prominently in Mexican cuisine as well as, I believe, that of northern Greece. Certainly not reviled everywhere but here–in fact, it is used for savory dishes in other countries more than it is here.
I suppose the major difference with the use of cinnamon in the US is that many times if you say "cinnamon" what people actually think of is the mixture of cinnamon and sugar that many people like to put on their toast, rather than the pure stuff that's used in savory dishes.
I mentioned Hungarian mainly because my wife is a naturalized US citizen whose parents were from Hungary.
I mentioned that in that I read an article a number of years ago that said that in many parts of the World (obviously not the ones in the replies), that stuff is looked upon much like how we look upon Vegemite™.
:spin:
Anyways, one of the biggest ongoing complaints that I keep hearing from non-USAians is that the USA does not put denomination numbers on its coins. OTOH, with the years of ongoing inflation since the dropping of the gold standard in 1933 (I figure that the USA has had about an 80:1 overall inflation since then), the USA's current slate of coins is now of so little real practical use that I suppose that it no longer really matters.
When the USA's fiscal situation is returned to some sense of sanity and we are able to refarm the slate of coins and banknotes, that situation can be corrected.
Mike
There's still the issue of little differentiation between notes, though improvements have been made in recent years.
I don't like the 1, 5, 10, 25 pattern of coins, but that's being used to the European 1, 2, 5 system (which the US has for notes). Then again, as a dollar is half a pound (or at least that's what the Canadian, Australian and New Zealand ones started at), then the quarter would be a half-crown (2/6) (http://en.wikipedia.org/wiki/Half_crown_(British_coin)), dime would be a shilling, nickel sixpence. When the UK decimalised it went with the Florin, rather than the half-crown. The half-crown lasted longer than the florin, as they changed the design of the latter in 1968 to say '10 new pence' instead of '2 shillings' or whatever, whereas they minted half crowns right up until 1970, when they were declared not to be money any more. Florins, however remained valid money until 1993, when they changed the 10p coin to not be the same as the florin.
Quote from: english si on December 17, 2012, 02:52:00 PM
1, 2, 5 system (which the US has for notes)
we barely have a 2. it's really a 1-5-10-20-50-100 system these days. 20 is the highest seen regularly, but 50s and 100s are getting more and more use.
the 50 is, for whatever reason, less common than the 100 - maybe because people figure if you're gonna take out a lot of cash, you may as well have it occupy half as much space in your wallet.
whenever I pay for a small amount with a 100, only about 5% of the time do I get a 50 in change. Usually it is 20s.
Quote from: agentsteel53 on December 17, 2012, 02:55:11 PM
Quote from: english si on December 17, 2012, 02:52:00 PM
1, 2, 5 system (which the US has for notes)
we barely have a 2. it's really a 1-5-10-20-50-100 system these days. 20 is the highest seen regularly, but 50s and 100s are getting more and more use.
the 50 is, for whatever reason, less common than the 100 - maybe because people figure if you're gonna take out a lot of cash, you may as well have it occupy half as much space in your wallet.
whenever I pay for a small amount with a 100, only about 5% of the time do I get a 50 in change. Usually it is 20s.
I remember using a $50 at a McDonald's once and the cashier initially refused to accept it because he had never seen one and insisted it wasn't real money. This was in the days before McDonald's took plastic and after a few minutes of this nonsense I asked them to summon the manager, who promptly berated the cashier for refusing the money instead of just calling him in the first place.
I liked the €200 banknote and thought it was a good idea to have something worth more than €100 but less than the controversial €500 "gangster's note." With the value of the dollar having declined over the last 20 years I feel like $100 doesn't go that far anymore (our weekly grocery shopping for two people usually tops $100) and isn't the large amount of money it once seemed, and I've often thought it would be convenient to have something more than the $100 for situations where you either need to carry cash or don't want to pay with plastic. Of course the $500 and $1000 and the rest were dropped in 1969 for a number of reasons and the rise of electronic payments and alternative methods of paying (such as the far more widespread use of credit cards today, not to mention debit because that didn't really exist back then in a consumer form) mean that the need for cash payment for larger amounts is greatly reduced. But I'm sure almost everyone has encountered a time when you wanted to pay cash for something that cost more than $150. I suppose a $250 bill would be consistent with US monetary practice (25¢ coin), but then I guess a $200 would be consistent with the way we have a $20 bill instead of a $25 bill, and I guess the idea of round hundred-dollar multiples theoretically makes giving change easier.
I'm not going to hold my breath either way, of course. I rather think the chances of the $1 bill being dropped are higher than the chances of there ever again being US currency in denominations higher than $100.
Quote from: 1995hoo on December 17, 2012, 03:32:38 PM
I'm not going to hold my breath either way, of course. I rather think the chances of the $1 bill being dropped are higher than the chances of there ever again being US currency in denominations higher than $100.
I'm pretty sure the $1 will go away well before the $500 is issued again, but given that inflation is inevitable, we are almost guaranteed to see a $500, while the $1 note may be kept around despite its obsolescence, just like the 1c coin.
I usually have 2-4000 in hundreds whenever I go to a show and anticipate buying signs.
Quote from: agentsteel53 on December 17, 2012, 02:55:11 PM
Quote from: english si on December 17, 2012, 02:52:00 PM
1, 2, 5 system (which the US has for notes)
we barely have a 2. it's really a 1-5-10-20-50-100 system these days. 20 is the highest seen regularly, but 50s and 100s are getting more and more use.
the 50 is, for whatever reason, less common than the 100 - maybe because people figure if you're gonna take out a lot of cash, you may as well have it occupy half as much space in your wallet.
whenever I pay for a small amount with a 100, only about 5% of the time do I get a 50 in change. Usually it is 20s.
It might also be that notes over 20 are not always accepted, and the 100 is easily divisible into 20s while the 50 is not.
Also, all US coins have something listing their value, though it's not consistent and not always helpful:
-The penny says "one cent"; as long as you know what a cent is, you're fine
-Similarly, the nickel says "five cents"
-The dime, most unhelpfully, says "one dime". I guess you're screwed if you don't know that a dime is 10 cents, but if you know that but not what a dime looks like, you're set.
-The quarter says "quarter dollar". This works as long as you don't mind doing math.
-I had to look this one up on Google, but half dollars say "half dollar". Kinda a merger of the dime and quarter, but that's what happens when the name of the coin is the name of the amount.
-Presidential dollars say "$1"
Meanwhile in Canada: "1 CENT", "5 CENTS", "10 CENTS", "25 cents", "1 dollar", "2 dollars".
It seems that some special issues like the Grey Cup one in my pockets (Steve: heads up if you don't have that one) are exceptions. It just says "CANADA [maple leaf] DOLLAR".
Quote from: deanej on December 17, 2012, 03:47:22 PM
-The dime, most unhelpfully, says "one dime". I guess you're screwed if you don't know that a dime is 10 cents, but if you know that but not what a dime looks like, you're set.
And what person visiting our country would know that a dime is ten cents? Or what child learning how to count money would assume a dime is ten cents? If we're going to be confusing, let's replace QUARTER DOLLAR with TWO BITS.
Quote from: agentsteel53 on December 17, 2012, 02:55:11 PM
the 50 is, for whatever reason, less common than the 100 - maybe because people figure if you're gonna take out a lot of cash, you may as well have it occupy half as much space in your wallet.
I have heard a lot of people say they consider the $50 "unlucky". That is a commonly held idea in casinos, where some people will walk away from a table if you put down 50s to get chips, and the cage will never, never, try to pay you with 50s. Perhaps this superstition has passed to the general world.
If we have to do everything in decimal, then the 1-2-5-10 sequence makes the most sense. The 25¢ coin makes exactly as much sense as a hypothetical $4 note or coin.
As for US currency, the penny needs to go. I'd say the nickel should go too, but then we'd have to round cash transactions to 10¢ and yet still have the quarter. (If we had a 20¢ piece instead, we'd be set.) On the other hand, if we killed the penny, nickel, and the dime, then we can just round everything to 25¢, which I think is still small enough to be practical. And then, aside from spreadsheets and accounting, we can write amounts as fractional dollars and forget the cents altogether.
I also think we need to drop paper bills under $10. Mint coins of $1, $2, $5, $10, maybe even $20 in quantities sufficient that people will treat them as ordinary money and not novelties.
And we need some practical coin-oriented wallet designs.
Quote from: agentsteel53 on December 17, 2012, 02:55:11 PM
Quote from: english si on December 17, 2012, 02:52:00 PM
1, 2, 5 system (which the US has for notes)
we barely have a 2. it's really a 1-5-10-20-50-100 system these days. 20 is the highest seen regularly, but 50s and 100s are getting more and more use.
That's still a 1-2-5 pattern - I used 1, 2, 5 as shorthand for 1, 2, 5, 10, 20, 50
It's a $20 bill, but a 25c coin.
Dimes took some getting used to - the Nickel is bigger, yet worth less. I kept forgetting how much a dime was without reading the 'FIVE CENTS' on a nickel.
Quote from: vtk on December 17, 2012, 05:09:09 PM
If we have to do everything in decimal, then the 1-2-5-10 sequence makes the most sense. The 25¢ coin makes exactly as much sense as a hypothetical $4 note or coin.
Not really - it's a quarter, not two fifths. The equivalent would be a $2.50 bill - not horrendously silly, though $2 probably works better.
The multipliers for US denominations goes penny x5 x2 x2.5 x4 dollar x5 x2 ten dollars x2 x2.5 fifty dollars... Though there's a half dollar removing that x4.
The multipliers for UK denominations goes penny x2 x2.5 x2 x2 x2.5 x2 pound x2 x2.5 x2 tenner x2 x2.5 fifty pounds.
You have to have that 2.5 somewhere - the question "in which one of the two steps going from 10 to 50?"
QuoteAs for US currency, the penny needs to go. I'd say the nickel should go too, but then we'd have to round cash transactions to 10¢ and yet still have the quarter.
I'm not of the opinion that 5c is a small enough amount to ditch yet, though you could ditch the nickel and use the quarter to produce that fine grain (at 2.5 dimes). It does mean bringing back maths to ditch the nickel and keep the quarter. Something costs $4.95 - either you give some extra dimes on top of your bill, and pay $10.20 to get back a $5 and a quarter, or you get 4x$1, 3xquarter, 3xdime. Nah, keep the nickel for now, introduce a 20c coin and ditch the nickel and the quarter when 5c is worth what 2c is now.
QuoteOn the other hand, if we killed the penny, nickel, and the dime, then we can just round everything to 25¢, which I think is still small enough to be practical. And then, aside from spreadsheets and accounting, we can write amounts as fractional dollars and forget the cents altogether.
You can do that with dimes "tenths", or 20c coins "fifths". Even 5c 'twentyths' and cents 'hundredths', but now we're just being silly.
I do want a return to shillings in the UK - bring back sixpences 'half-shillings' for a few years (2.5p is about right at the moment as a fine grain) before they are inflated away, like half-pennies (worth 1.2d, or 0.5p), pennies (now worth less than the half-penny was when they got rid in the 80s) and two-penny-pieces (removed to be replaced by the half-shilling). Or just wait 9 years and reverse decimalization after 50 years, just ignore the d of £sd. 20 shillings in a pound - so equivalent to 5p.
QuoteI also think we need to drop paper bills under $10. Mint coins of $1, $2, $5, $10, maybe even $20 in quantities sufficient that people will treat them as ordinary money and not novelties.
$10 and $20 are big enough for bills, rather coins. You don't want a ton of coins in your wallet.
QuoteAnd we need some practical coin-oriented wallet designs.
wallets are better with notes - cards and coins don't go well together. You could have a coin purse (UK, not US, English 'purse') and notes/cards wallets but that's two things.
Quote from: agentsteel53 on December 17, 2012, 03:41:12 PMI'm pretty sure the $1 will go away well before the $500 is issued again, but given that inflation is inevitable, we are almost guaranteed to see a $500
Given there's no demand from organised crime until the Euro breaks up (The Germans love of cash meaning that the €500 note exists, causing it to replace the $100 bill as the currency of choice for briefcase-based payments), you are quite right. Then again the Euro is tottering about...
Quote from: Dr Frankenstein on December 17, 2012, 04:23:40 PM
Meanwhile in Canada: "1 CENT", "5 CENTS", "10 CENTS", "25 cents", "1 dollar", "2 dollars".
It seems that some special issues like the Grey Cup one in my pockets (Steve: heads up if you don't have that one) are exceptions. It just says "CANADA [maple leaf] DOLLAR".
That's loonies and toonies :sombrero:
Quote from: mgk920 on December 17, 2012, 11:13:17 AM
Anyways, one of the biggest ongoing complaints that I keep hearing from non-USAians is that the USA does not put denomination numbers on its coins.
Mike
A problem I have as an international numismatist is the use of non-Arabic numbers. Even the major Asian countries include Arabic numerals, most likely because they are developed and part of the international community, but places from Bangladesh to Sudan and in between, no such luck.
Quote from: Steve on December 17, 2012, 06:35:18 PMA problem I have as an international numismatist is the use of non-Arabic numbers. Even the major Asian countries include Arabic numerals, most likely because they are developed and part of the international community, but places from Bangladesh to Sudan and in between, no such luck.
In other words, the Arab world...
Of course, they are really Indian numbers (came to the West via the Arabs), but that's in that gap too.
Quote from: Molandfreak on December 17, 2012, 06:10:37 PM
Quote from: Dr Frankenstein on December 17, 2012, 04:23:40 PM
Meanwhile in Canada: "1 CENT", "5 CENTS", "10 CENTS", "25 cents", "1 dollar", "2 dollars".
It seems that some special issues like the Grey Cup one in my pockets (Steve: heads up if you don't have that one) are exceptions. It just says "CANADA [maple leaf] DOLLAR".
That's loonies and toonies :sombrero:
Actually, 'Loonies' say "CANADA/DOLLAR". Their 'Twonies' say "CANADA/2 DOLLARS".
Also, before the Euro, IIRC, only Nederlands did the '25' thing with their money, all of the rest did '20'.
Mike
Quote from: 1995hoo on December 17, 2012, 03:32:38 PM
I remember using a $50 at a McDonald's once and the cashier initially refused to accept it because he had never seen one and insisted it wasn't real money. This was in the days before McDonald's took plastic and after a few minutes of this nonsense I asked them to summon the manager, who promptly berated the cashier for refusing the money instead of just calling him in the first place.
Congratulations on getting a fast food joint to accept a bill larger than $20! Most places like that in the US (also: convenience stores and gas stations) hate larger bills, especially if they are in a bad neighborhood or near a freeway. This is because such establishments are common easy targets for robberies and so they want to minimize the amount of cash someone can make off with.
Quote from: deanej on December 17, 2012, 03:47:22 PM
all US coins have something listing their value, though it's not consistent and not always helpful:
-The penny says "one cent"; as long as you know what a cent is, you're fine
-Similarly, the nickel says "five cents"
-The dime, most unhelpfully, says "one dime". I guess you're screwed if you don't know that a dime is 10 cents, but if you know that but not what a dime looks like, you're set.
-The quarter says "quarter dollar". This works as long as you don't mind doing math.
Also worth noting that nickels were originally known as half dimes.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fe%2Fe7%2F1857_seated_liberty_half_dime_reverse.jpg&hash=2ac1d8a43528bfeae6ef7dc9bc50a94d1a7ad98d)
The point remains, though, that text on the coins is not as helpful as it could be since there are no numerals, just text. "Five cents" on the back of the nickel is tiny, such that many people who do not have good eyes will not be able to read it. And "quarter dollar" might be tough to decipher for someone who does not speak English very well.
Half-dimes were 90% silver coins that contained half of the metal used in dimes, part of the silver coin size progression. They were dropped due to their size and the intense lobbying of the nickel industry back in the immediate post-Civil War era.
Mike
Quote from: mgk920 on December 17, 2012, 09:32:05 PM
Quote from: Molandfreak on December 17, 2012, 06:10:37 PM
Quote from: Dr Frankenstein on December 17, 2012, 04:23:40 PM
Meanwhile in Canada: "1 CENT", "5 CENTS", "10 CENTS", "25 cents", "1 dollar", "2 dollars".
It seems that some special issues like the Grey Cup one in my pockets (Steve: heads up if you don't have that one) are exceptions. It just says "CANADA [maple leaf] DOLLAR".
That's loonies and toonies :sombrero:
Actually, 'Loonies' say "CANADA/DOLLAR". Their 'Twonies' say "CANADA/2 DOLLARS".
Also, before the Euro, IIRC, only Nederlands did the '25' thing with their money, all of the rest did '20'.
Mike
Checking my Netherlands coins: Indeed. And I know offhand that France used 20.
Quote from: Duke87 on December 17, 2012, 10:13:34 PM
Quote from: 1995hoo on December 17, 2012, 03:32:38 PM
I remember using a $50 at a McDonald's once and the cashier initially refused to accept it because he had never seen one and insisted it wasn't real money. This was in the days before McDonald's took plastic and after a few minutes of this nonsense I asked them to summon the manager, who promptly berated the cashier for refusing the money instead of just calling him in the first place.
Congratulations on getting a fast food joint to accept a bill larger than $20! Most places like that in the US (also: convenience stores and gas stations) hate larger bills, especially if they are in a bad neighborhood or near a freeway. This is because such establishments are common easy targets for robberies and so they want to minimize the amount of cash someone can make off with.
I haven't had that kind of problem with $50s at McDonald's -- the most that happens is that the manager gets called over to approve the bill. Subways are more uneven on accepting anything over $20.
Businesses wanting to limit the amount of stealable cash on hand can and do put incoming $20s right into a time-lock safe (I think some 7-11s do that routinely). They can do same for higher bills. Of course, anyone paying with a $50 or $100 might get a lot of small bills in change, and be SOL if there aren't enough small bills on hand.
Quote from: SP Cook on December 17, 2012, 05:03:55 PM
Quote from: agentsteel53 on December 17, 2012, 02:55:11 PM
the 50 is, for whatever reason, less common than the 100 - maybe because people figure if you're gonna take out a lot of cash, you may as well have it occupy half as much space in your wallet.
I have heard a lot of people say they consider the $50 "unlucky". That is a commonly held idea in casinos, where some people will walk away from a table if you put down 50s to get chips, and the cage will never, never, try to pay you with 50s. Perhaps this superstition has passed to the general world.
At the casino I work at, there used to be a cashier that would try to use this to our advantage, and pay jackpots ending in -50 (like $1750) with a $50 bill if she had it. The idea–which worked sometimes–was that people would freak out at the $50 and give it back as a tip to get rid of it.
In the general world, the reason you don't see $50s very often is because there is often little reason to stock them. The safe contains a lot of change, $1s and $5s for replenishing the cashier drawers. You will end up getting lots of $20s from customers during the day, so $1s, $5s, and $20s are the main denominations you'll be dealing with. (You will get $10s too, but since most ATMs dispense in $20s, you will see them more.) The only thing $50s are good for, for a business, is for making change for $100s, so it's not worth the effort keeping some around when you can just use the $20s you'll have on hand no matter what you do. At the end of the day, you have no use for the $100s (they can't be used as change) the $50s represent too much money to just leave sitting around in the safe, and you have way the fuck too many $20s and will be getting more tomorrow. So those three denominations end up going off to the bank, along with any excess $5s and $1s.
Personally, if we have to change up the denomination system, I like the denominations that casino chips have: 50¢, $1, $5, $25, $100, $500. The $1s are worth two of the 50¢s, and the $100s are worth four $25s, but other than that you have a constant increase of 5x the previous value.
Elmer's BBQ (http://www.elmersbbqtulsaok.com/ (http://www.elmersbbqtulsaok.com/)) in Tulsa appears to use cinnamon in their BBQ sauce. If it isn't cinnamon it sure tastes like it.
Quote from: Scott5114 on December 17, 2012, 11:22:28 PM
Quote from: SP Cook on December 17, 2012, 05:03:55 PM
I have heard a lot of people say they consider the $50 "unlucky". That is a commonly held idea in casinos, where some people will walk away from a table if you put down 50s to get chips, and the cage will never, never, try to pay you with 50s. Perhaps this superstition has passed to the general world.
At the casino I work at, there used to be a cashier that would try to use this to our advantage, and pay jackpots ending in -50 (like $1750) with a $50 bill if she had it. The idea–which worked sometimes–was that people would freak out at the $50 and give it back as a tip to get rid of it.
In the general world, the reason you don't see $50s very often is because there is often little reason to stock them. The safe contains a lot of change, $1s and $5s for replenishing the cashier drawers. You will end up getting lots of $20s from customers during the day, so $1s, $5s, and $20s are the main denominations you'll be dealing with. (You will get $10s too, but since most ATMs dispense in $20s, you will see them more.) The only thing $50s are good for, for a business, is for making change for $100s, so it's not worth the effort keeping some around when you can just use the $20s you'll have on hand no matter what you do. At the end of the day, you have no use for the $100s (they can't be used as change) the $50s represent too much money to just leave sitting around in the safe, and you have way the fuck too many $20s and will be getting more tomorrow. So those three denominations end up going off to the bank, along with any excess $5s and $1s.
Personally, if we have to change up the denomination system, I like the denominations that casino chips have: 50¢, $1, $5, $25, $100, $500. The $1s are worth two of the 50¢s, and the $100s are worth four $25s, but other than that you have a constant increase of 5x the previous value.
At first I was thinking SP's theory on $50s was accurate. But thanks to Scott and his post as a casino worker, $50 bills at casinos seems to make sense. I remember about a year ago I hit for over $3000 on a table game and had a few vouchers from slot machines. (It was a good night for me at the casino for a change.) Anyway, when I went to the cage to cash in my chips and vouchers for cash I was paid in mostly $100s, then the small part was 20s and two 5s. After counting the money myself, I took two 20s and two 5s and pushed them back to the cashier asking for a $50. Personally, I like 50s. Anyway, the cashier informed me that they had no 50s on hand and I was a bit taken back by it. I wasn't mad, just kinda shocked considering how much cash they handle. But after reading what Scott had to say, I guess I can see the point. I'm in retail management and I know exactly what he means by there being a shit load of 20s every day.
Quote from: oscar on December 17, 2012, 11:04:06 PM
I haven't had that kind of problem with $50s at McDonald's -- the most that happens is that the manager gets called over to approve the bill. Subways are more uneven on accepting anything over $20.
When travelling with a group, I frequently pay with a $50 bill, and many of those meals are at fast-food restaurants. I've never had a problem. I mean, if my total bill is $57, then who is going to complain about receiving a $50 bill and a $10 bill?
Here's an interesting article on the issue of the USA's low-value coins and what should the USMint do with them:
http://news.coinupdate.com/us-mint-reports-findings-of-alternative-coin-materials-research-1765/
I added some commentary to the bottom of that page.
Enjoy!
:cool:
Mike
Really, the fact that the metals in a dollar coin are only worth 21 cents is just as odd as the fact that the metals in a nickel are worth 10 cents. Used to be they had to roughly match. The wonders of a fiat currency mean the former no longer really matters, but the latter is a problem because if a coin is worth more in raw material than in face value, then people will melt them down for their metals.
You can mess with the composition I suppose, but really, if nickels and pennies cost twice as much to make as they're worth, I only see that as further justification for getting rid of them.
Interesting situations would arise were we to do away with the nickel but not the quarter. For example, it would be perfectly possible to pay for a 95c item with three quarters and two dimes, yet it would be impossible to give change back for a dollar.
Quote from: kphoger on December 18, 2012, 08:35:05 PM
Interesting situations would arise were we to do away with the nickel but not the quarter. For example, it would be perfectly possible to pay for a 95c item with three quarters and two dimes, yet it would be impossible to give change back for a dollar.
In that case, everything would be priced in 10¢ increments, so there would no longer be a need for nickels.
Quote from: Road Hog on December 18, 2012, 11:23:35 PM
Quote from: kphoger on December 18, 2012, 08:35:05 PM
Interesting situations would arise were we to do away with the nickel but not the quarter. For example, it would be perfectly possible to pay for a 95c item with three quarters and two dimes, yet it would be impossible to give change back for a dollar.
In that case, everything would be priced in 10¢ increments, so there would no longer be a need for nickels.
Which begs the question: If everything were priced in 10c increments, would we still keep the quarter?
Quote from: kphoger on December 19, 2012, 11:03:18 AM
Which begs the question: If everything were priced in 10c increments, would we still keep the quarter?
having to pay with as many as
nine coins would make coins even more unpopular.
Quote from: agentsteel53 on December 19, 2012, 11:09:35 AM
Quote from: kphoger on December 19, 2012, 11:03:18 AM
Which begs the question: If everything were priced in 10c increments, would we still keep the quarter?
having to pay with as many as nine coins would make coins even more unpopular.
If everything were priced in 10¢ increments, perhaps the half-dollar would make a comeback (possibly re-sized to make it lighter and easier to fit into your pocket or those long flat wallets women use).
If they were to do that, perhaps half dollars could take the size of nickels.
Quote from: deanej on December 19, 2012, 12:56:37 PM
If they were to do that, perhaps half dollars could take the size of nickels.
but a brass color, at the very least, and perhaps thicker - like an English pound coin.
certainly it would be necessary to make them different enough for vending machines to be able to continue functioning.
Get rid of the penny, nickel, and quarter. Establish a new currency equal to 10 of the old one. Dime->penny, half dollar->nickel, dollar->dime.
However, I'd wait until the federal fiscal situation is brought back under control before tackling the question of the best denominational balance between coins and banknotes, including the question of what are the denominations that we should be using. Right now, with over 40% of current federal spending being borrowed and/or 'printed', I fear that a major inflation is about to strike us, such that any coinage reform would very, very quickly be rendered moot.
Mike
Quote from: mgk920 on December 19, 2012, 10:10:14 PM
However, I'd wait until the federal fiscal situation is brought back under control before tackling the question of the best denominational balance between coins and banknotes, including the question of what are the denominations that we should be using. Right now, with over 40% of current federal spending being borrowed and/or 'printed', I fear that a major inflation is about to strike us, such that any coinage reform would very, very quickly be rendered moot.
Mike
We'll get back to you after the heat death of the universe.
Quote from: Steve on December 19, 2012, 06:40:15 PM
Get rid of the penny, nickel, and quarter. Establish a new currency equal to 10 of the old one. Dime->penny, half dollar->nickel, dollar->dime.
I approve! :clap:
I regularly go through rolls of nickels and pennies looking for old dates and die varieties. Two of the most recent "funny money" finds would be an Indian Head Cent and a dateless San Francisco minted Buffalo Nickel (later revealed to be from 1921 after some acid treatment).
Quote from: florida on December 28, 2012, 05:53:30 AM
I regularly go through rolls of nickels and pennies looking for old dates and die varieties. Two of the most recent "funny money" finds would be an Indian Head Cent and a dateless San Francisco minted Buffalo Nickel (later revealed to be from 1921 after some acid treatment).
Yea, the only major flaw in an otherwise *OUTSTANDING* coin design - the date on the Buffalo nickel should not have been placed on the highest part of the coin. At minimum, it should have been incused.
Mike
"Rounding" has started in Canada and the lowly Penny is officially on its way out! February 4 th was to have been the first day that the penny would no longer be needed in a cash transaction but some businesses have started rounding already.
For example my Subway lunch today came to $9.93 and I was given a nickel back from a $10 bill. If it had been $9.92.......I would have received a dime back or would only have to pay $9.90.
And it's only for cash transactions. VISA, MasterCard, Debit electronic transactions are still for the actual amount.
Speaking of the title, the a mysterious 1913 Liberty Head Nickel just sold for $3 million (http://www.blanchardonline.com/aboutblanchard/liberty_head_nickel.php). One-hundred years old, and still one of the most strange-but-true stories in the world of numismatics.
I had a rather-beaten-up 1908 nickel which I found in my change back in 1981, which launched my interest in coin collecting, so I've always had a spot for the design and it's big "V" on the reverse.
I'm for the abolition of the US penny, no longer as neccessary in purchasing power like it was before. Then we debate on how to make change if an item is priced 99 cents, how about we learn to adjust to the new economic reality of pennies are darn useless. Prices can end in "0"s and "5"s to take off the heat of a penniless consumer society. The penny has to go into the trash bin of history or else we carry around loose change that won't buy anything alone.
If you think that the USA 1¢ is a worthless chip of scrap metal, howabout the Uzbekistani 1 Tiyin?
http://www.bbc.co.uk/news/magazine-21572359
:meh:
OTOH, according to that linked article, the lowest-value coin with the highest buying power is currently from Norway (1 Krone).
Mike
Quote from: mgk920 on February 26, 2013, 10:13:56 AM
OTOH, according to that linked article, the lowest-value coin with the highest buying power is currently from Norway (1 Krone).
Norwegians are smart! They got rid of the ore coins a long time ago because they were worthless :nod:
Quote from: mgk920 on February 26, 2013, 10:13:56 AM
If you think that the USA 1¢ is a worthless chip of scrap metal, howabout the Uzbekistani 1 Tiyin?
http://www.bbc.co.uk/news/magazine-21572359
:meh:
OTOH, according to that linked article, the lowest-value coin with the highest buying power is currently from Norway (1 Krone).
Mike
They changed that article from when I read it... I'm pretty sure when I read it there was a coin from Afghanistan at the top of the list. Also they've added the UK equivalents. Before the list only showed US equivalents.
edit -- I see why they changed it now. Whoever wrote the original version of the article messed up the currency conversion and thought the 1 Afghani coin was worth ten times what it's actually worth.
Quote from: Molandfreak on February 26, 2013, 10:27:26 AM
Quote from: mgk920 on February 26, 2013, 10:13:56 AM
OTOH, according to that linked article, the lowest-value coin with the highest buying power is currently from Norway (1 Krone).
Norwegians are smart! They got rid of the ore coins a long time ago because they were worthless :nod:
I'd be okay with getting rid of everything under a quarter.
I'd even be okay with getting rid of coins in entirety. the only place I ever spend them is parking meters, and the credit-card ones are getting more and more prevalent these days.
the only time I have a positive feeling towards coins is every several years when I count up all my loose change and discover I have about $350. otherwise, I hate coins.
Quote from: ghYHZ on January 29, 2013, 02:39:30 PM
"Rounding" has started in Canada and the lowly Penny is officially on its way out! February 4 th was to have been the first day that the penny would no longer be needed in a cash transaction but some businesses have started rounding already.
For example my Subway lunch today came to $9.93 and I was given a nickel back from a $10 bill. If it had been $9.92.......I would have received a dime back or would only have to pay $9.90.
And it's only for cash transactions. VISA, MasterCard, Debit electronic transactions are still for the actual amount.
Are Canadian retailers doing rounding for electronic purchases too? I can imagine some customers deciding at the last minute whether to pay in cash or with plastic, depending on whether rounding helps or hurts them on a particular transaction, if retailers don't round electronic purchases too. (I can especially imagine me doing that.)
Also, are Canadian pennies still in circulation at some level, or have they completely disappeared from circulation? And if I pick up stray Canadian pennies in U.S. circulation, will I have trouble getting Canadian retailers to accept them (at least five at a time) next time I'm up there?
Quote from: oscar on May 22, 2013, 11:39:25 AM
Are Canadian retailers doing rounding for electronic purchases too?
Electronic Transactions are still for the actual amount. Only cash transactions are rounded.
QuoteI can imagine some customers deciding at the last minute whether to pay in cash or with plastic, depending on whether rounding helps or hurts them on a particular transaction, if retailers don't round electronic purchases too. (I can especially imagine me doing that.)
What!........The most you're going to save is two cents!
I haven't seen a penny in a couple of months (nor want to!) but I'm sure they're still around.......I'm just surprised how fast they dried up in the coin holder in my car.
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
I paid a quarter for a Venezuelan 20 bolivar coin.
Quote from: huskeroadgeek on December 09, 2012, 03:01:49 PM
Probably even rarer than $2 bills and half dollars are $50 bills. It's common to see $20 and $100 bills for large cash purchases, but you don't very often see $50 bills. I have seen them, but I don't think I have ever used one.
I see $50 bills all the time. I occasionally see a half dollar or a $2 bill, and lots of wheat pennies. I've gotten a couple of Eisenhower dollars in change.
The ATM at the Citibank near my old office in DC dispenses $50s. Quite useful if you need to withdraw over $200.
The worthless thing I paid a decent sum for was paying $50 to get a Zimbabwean $100,000,000,000,000 bill that was worth less than $10 USD at the time.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F3%2F3e%2FZimbabwe_%2524100_trillion_2009_Obverse.jpg%2F640px-Zimbabwe_%2524100_trillion_2009_Obverse.jpg&hash=72a1b74e847ce4eb18d7e53bc68c12f1dcb27502)
When I lived in the north part of Kansas City, the nearby K-Mart (I believe it was on US 69) that had one of those machines near the front door that you put the coins in and twist the handle that usually have bubble gum, small toys in plastic bubbles, or other small objects had foreign money in it. Bills and coins. I believe the price was 50 cents (this was 2002.) I was probably getting ripped off on my exchange rate but it was worth it to acquire money that I would not ordinarily be able to easily obtain.
Quote from: bugo on May 26, 2013, 12:15:45 PM
I see $50 bills all the time. I occasionally see a half dollar or a $2 bill, and lots of wheat pennies. I've gotten a couple of Eisenhower dollars in change.
the other day in Boston, I received a $50 in change for the first time in my memory - discounting collector shows where 100s and 50s are just about the
only thing circulating.
I paid $100 for a $30 purchase (two tickets to the Prudential Building's observation deck) and was surprised to see the change come back as only two bills.
Quote from: Duke87 on December 09, 2012, 01:30:47 PM
Quote from: deanej on December 09, 2012, 12:57:14 PM
It's not really stupid, given that I have never even seen a 50 cent coin in my entire life.
I have a couple lying around somewhere (of the Kennedy variety). I think my father found them in a shoebox at my grandmother's house or something... at any rate, they were pulled out of circulation 40 years ago. I didn't know you could still go to the bank and ask for them.
You wouldn't believe how many boxes of halves ($500 each) some serious coin roll hunters go through looking for silver ones.
Quote from: bugo on May 26, 2013, 12:15:45 PM
I've gotten a couple of Eisenhower dollars in change.
Are Eisenhowers still valid money? We have a couple we'd like to give to give to our son for lost teeth, but not if he can't spend them anywhere. And, also, can you still get them from banks, or do they just float around out there?
Quote from: kphoger on May 27, 2013, 01:20:22 PM
Quote from: bugo on May 26, 2013, 12:15:45 PM
I've gotten a couple of Eisenhower dollars in change.
Are Eisenhowers still valid money? We have a couple we'd like to give to give to our son for lost teeth, but not if he can't spend them anywhere. And, also, can you still get them from banks, or do they just float around out there?
There are still legal tender, but are worth a little bit more as collectors items. I don't think you can get one from a bank but float around. They had almost no circulation except at casinos.
Quote from: Big John on May 27, 2013, 02:32:49 PM
Quote from: kphoger on May 27, 2013, 01:20:22 PM
Quote from: bugo on May 26, 2013, 12:15:45 PM
I've gotten a couple of Eisenhower dollars in change.
Are Eisenhowers still valid money? We have a couple we'd like to give to give to our son for lost teeth, but not if he can't spend them anywhere. And, also, can you still get them from banks, or do they just float around out there?
There are still legal tender, but are worth a little bit more as collectors items. I don't think you can get one from a bank but float around. They had almost no circulation except at casinos.
The banks will not have them unless customers bring them in to cash, and even then it is only a few. (Most dollar coins are the smaller dollars, which are also no longer issued for circulation.) Very occasionally, I will see them in coin drawers at convenience stores. Same with half-dollars.
Quote from: kphoger on May 27, 2013, 01:20:22 PM
Quote from: bugo on May 26, 2013, 12:15:45 PM
I've gotten a couple of Eisenhower dollars in change.
Are Eisenhowers still valid money? We have a couple we'd like to give to give to our son for lost teeth, but not if he can't spend them anywhere. And, also, can you still get them from banks, or do they just float around out there?
Yep. As far as I know, any American coin or bill is still legal tender no matter how old it is.
Quote from: akotchi on May 27, 2013, 02:41:01 PM
Quote from: Big John on May 27, 2013, 02:32:49 PM
Quote from: kphoger on May 27, 2013, 01:20:22 PM
Quote from: bugo on May 26, 2013, 12:15:45 PM
I've gotten a couple of Eisenhower dollars in change.
Are Eisenhowers still valid money? We have a couple we'd like to give to give to our son for lost teeth, but not if he can't spend them anywhere. And, also, can you still get them from banks, or do they just float around out there?
There are still legal tender, but are worth a little bit more as collectors items. I don't think you can get one from a bank but float around. They had almost no circulation except at casinos.
The banks will not have them unless customers bring them in to cash, and even then it is only a few. (Most dollar coins are the smaller dollars, which are also no longer issued for circulation.) Very occasionally, I will see them in coin drawers at convenience stores. Same with half-dollars.
I get the smaller dollar coins from the bank all the time (the presidential ones, especially).
Quote from: bugo on May 26, 2013, 12:15:45 PM
and lots of wheat pennies.
Whenever I see them in circulation, I keep them. :D And I personally keep a 1943 Steel penny in my pants pocket as a lucky charm.
Is a Series 1969A $10 bill in decent condition worth anything?
Quote from: bugo on May 28, 2013, 02:57:30 AM
Is a Series 1969A $10 bill in decent condition worth anything?
Yes.
Quote from: NE2 on May 28, 2013, 03:55:27 AM
Quote from: bugo on May 28, 2013, 02:57:30 AM
Is a Series 1969A $10 bill in decent condition worth anything?
Yes.
My guess would be at least ten dollars.
Quote from: bugo on May 28, 2013, 02:57:30 AM
Is a Series 1969A $10 bill in decent condition worth anything?
Ten bucks US. You might get $9.95 Canadian for it at the current exchange rate. :sombrero:
Quote from: bugo on May 27, 2013, 02:52:35 PM
Quote from: kphoger on May 27, 2013, 01:20:22 PM
Quote from: bugo on May 26, 2013, 12:15:45 PM
I've gotten a couple of Eisenhower dollars in change.
Are Eisenhowers still valid money? We have a couple we'd like to give to give to our son for lost teeth, but not if he can't spend them anywhere. And, also, can you still get them from banks, or do they just float around out there?
Yep. As far as I know, any American coin or bill is still legal tender no matter how old it is.
Looks like that's true. Thank you!
I'd pay you 11 bucks for that tenner. maybe. I might be lazy.
look on eBay completed listings for a decent idea of what things are worth.
as for US issues no longer being legal tender: I believe there is one series which is not - possibly the Demand Notes of 1861. but those are worth so much beyond their face value that to attempt to spend them is foolish.
Quote from: rickmastfan67 on May 28, 2013, 01:18:38 AM
Whenever I see them in circulation, I keep them. :D And I personally keep a 1943 Steel penny in my pants pocket as a lucky charm.
I keep a 1944 Canadian silver dime for good luck. I got it in change in Whitehorse. I tell people that they haven't received a shipment of new coins in over 60 years.
Canada is putting VIA Rails iconic transcontinental passenger train, the "Canadian" on the back of the new polymer plastic $10 bills.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Ffarm9.staticflickr.com%2F8542%2F8693039429_6058b01e56_o.jpg&hash=74773b25e9639c8bd4e72ab3fd39eaa8c88abf13)
(https://farm9.staticflickr.com/8403/8693039423_a27fe8ba95_c.jpg)
^^
Were those locomotives even built in Canada? I'll have to check....
:hmmm:
Mike
The locomotive shown on the note is an EMD F40PH-2D. I'm, indeed, not sure where those units were initially built (as F40PH's in La Grange, IL or London, ON?), but they were rebuilt (as -2D's) by CAD Railway Industries in Montreal.
However, the point of putting this on the $10 notes was more to illustrate the famous and symbolic "Canadian" passenger train route, which runs between Toronto and Vancouver (but used to go as far as Montreal) and the transcontinental railway, rather than the rolling stock itself.
Quote from: mgk920 on May 31, 2013, 12:32:15 PM
^^
Were those locomotives even built in Canada? I'll have to check....
:hmmm:
Mike
They're GMD (not EMD) F40PH2's built by General Motors Diesel in London ON in the late "˜80s......and as Dr. Frankenstein says.......they've all been completely rebuilt by CAD Railway Industries in Montreal.
(https://lh5.googleusercontent.com/-NdMG-YjCesI/UYrFc36TafI/AAAAAAAAJ4o/mp5FW-N20Ck/s800/IMG_1605.JPG)
I wish the US would go to polymer notes...but the Crane company wields so much power for no discernible reason that it'll never happen.
Quote from: agentsteel53 on May 26, 2013, 08:01:55 PM
the other day in Boston, I received a $50 in change for the first time in my memory - discounting collector shows where 100s and 50s are just about the only thing circulating.
I paid $100 for a $30 purchase (two tickets to the Prudential Building's observation deck) and was surprised to see the change come back as only two bills.
When I ran a cash drawer, if I had someone pay with a $50, I would always use it as change for a $100 if one came in later. Reason being that then I would still have $20s available if a second $100 came in. It makes no sense to have to run to the back to get five $20s if I had a perfectly good $50 there I could hand back.
My guess for why this isn't done more often is policies dictating that the $50s go under the drawer, and cashiers forget they're under there.
Yeah, I would always give 50s as change when possible. Part of this was because I was working the overnight shift and had very little available cash ($500), so if somebody came in and paid with a $50 and then a $100 bill (this was a hotel, so big bills), I needed to preserve my little bills as best as possible.
I've been finding silver dimes like crazy. I've found 12 over the last 3 shifts. I've gotten good at picking them out. They're a dull grey color, while newer dimes are more silver and shinier. I never thought to look through rolls of dimes before because I had no idea anything valuable would be there but boy was I wrong.
At work I am always on the lookout for interesting money. I've found coins from Venezuela and Canada, countless wheat pennies (a customer brought in about 200 pennies to cash in and I found 8 wheats in the pile), 40% silver half dollars from 1967 and many other half dollars including a few bicentennials, a couple of 1971 Eisenhower dollars, and some silver (pre-1965) dimes. I didn't even look through dimes until last week, and I have found 12 silver dimes in 3 days. I'm now addicted to going through rolls of dimes. The silver ones have a very distinctive look to them. The only coin that I haven't found anything old is quarters. I guess all the silver quarters are gone. I find bicentennials all the time and I save them for my "almost" collection (odd money like $2 bills and half dollars that I keep set back as an emergency fund but that I don't really want to spend unless I have to. I'm holding out hope for an Indian head penny, a buffalo nickel, a Mercury dime, a Standing Liberty quarter, a Franklin half dollar, or a peace dollar.
It's funny, when it comes to quarters I see more older quarters (including the bicentennial ones) than I do the current national park series (the Mint calls them "America the Beautiful" quarters). I'm still in the habit of glancing at quarters from the days of the state and territorial series, but it's more a surprise than anything else when I get a national park one.
I may just wait until they've finished the series and then order a set from a coin dealer.
I've found weird foreign coins on the sidewalk periodically. I might expect to find some kind of Middle Eastern coin because there are some people with "Diplomat" plates living up the block, but the coins I've found have run the gamut from Venezuelan to French pre-euro coins. I found an old Indian Head nickel on the ground at a gas station one day. It's so worn that I can't find the year of issue, but it was still a neat find.
Yeah, I rarely see the National Park quarters...get lots of state quarters, though. A vending machine gave me back a "silver" 1942 nickel last week. Someone really polished it up, because it was absurdly shiny (must have been a property of its silver-magnesium alloy), even though it was probably in Very Good condition, at best.
For those unaware, Very Good is actually quite worn, but would be impressive for a 200 year-old specimen.
Quote from: formulanone on June 04, 2013, 03:14:16 PM
For those unaware, Very Good is actually quite worn, but would be impressive for a 200 year-old specimen.
the scale is a bit unusually worded.
"good" is numerically equivalent to 4.
... the scale goes up to 70.
Quote from: 1995hoo on June 04, 2013, 10:01:15 AM
I found an old Indian Head nickel on the ground at a gas station one day. It's so worn that I can't find the year of issue, but it was still a neat find.
Sounds like one of the Buffalo nickels (named for the buffalo on the back side), ca. 1913-1938. Due to a design error, the date was one of the first things to wear off those coins.
Quote from: oscar on June 04, 2013, 09:05:17 PM
Sounds like one of the Buffalo nickels (named for the buffalo on the back side), ca. 1913-1938. Due to a design error, the date was one of the first things to wear off those coins.
given that the mint found out about the problem a few years into circulation, I am surprised they did not make the date incuse after about 1918 or so.
Quote from: ghYHZ on May 22, 2013, 05:32:18 PM
Quote from: oscar on May 22, 2013, 11:39:25 AM
Are Canadian retailers doing rounding for electronic purchases too?
Electronic Transactions are still for the actual amount. Only cash transactions are rounded.
QuoteI can imagine some customers deciding at the last minute whether to pay in cash or with plastic, depending on whether rounding helps or hurts them on a particular transaction, if retailers don't round electronic purchases too. (I can especially imagine me doing that.)
What!........The most you're going to save is two cents!
Yeah, it's more about the fun of gaming the system than the actual amount saved.
I'm in Canada right now, but have been focusing more on making the most of the dozen or so French phrases I've mastered ('til I make my way south into the Maritimes over the next few days), than on gaming the rounding system. Everybody I've encountered is rounding, some more automatically than others. The French-language screen at a Tim Horton's seemed to handle it best (to the extent I could understand the French), showing the exact amount in dollars and cents, and explaining the rounding adjustment to the nearest 5 cents since they weren't able to give pennies in change. A PFK (French for Kentucky Fried Chicken) register made the cashier round manually, which in that instance resulted in my getting 50 cents in change for a $5 bill and a $2 coin on a $6.54 item, rather than 45 cents from a proper rounding. Other places just gave me a rounded final total, before asking how I wanted to pay.
Quote from: agentsteel53 on June 04, 2013, 09:08:23 PM
Quote from: oscar on June 04, 2013, 09:05:17 PM
Sounds like one of the Buffalo nickels (named for the buffalo on the back side), ca. 1913-1938. Due to a design error, the date was one of the first things to wear off those coins.
given that the mint found out about the problem a few years into circulation, I am surprised they did not make the date incuse after about 1918 or so.
I think they had the same problem with the Standing Liberty quarters (ca. 1916-1931) at first, but quickly recessed the background under the date, so the date wouldn't wear off so quickly.
Quote from: oscar on June 04, 2013, 09:20:50 PM
Other places just gave me a rounded final total, before asking how I wanted to pay.
This makes sense. It avoids the last-minute decision of cash or card, and it's unlikely you'll care how it was rounded on your credit card statement.
Quote from: oscar on June 04, 2013, 09:22:24 PM
I think they had the same problem with the Standing Liberty quarters (ca. 1916-1931) at first, but quickly recessed the background under the date, so the date wouldn't wear off so quickly.
I think it was 1925 when they fixed the problem. I've found a few Standing Liberty quarters over the years, and they all have the dates obliterated.
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
Quote from: oscar on June 04, 2013, 09:05:17 PM
Quote from: 1995hoo on June 04, 2013, 10:01:15 AM
I found an old Indian Head nickel on the ground at a gas station one day. It's so worn that I can't find the year of issue, but it was still a neat find.
Sounds like one of the Buffalo nickels (named for the buffalo on the back side), ca. 1913-1938. Due to a design error, the date was one of the first things to wear off those coins.
I've heard both names over the years, both buffalo nickels and Indian Head nickels. We always called them Indian Head growing up. But yes, you're right as to the buffalo being on the other side of the coin I found. It wasn't just the date that wore off on that one; the coin had apparently either seen some heavy use or been lying outside for a very long time because it's REALLY worn out. I have it in a box somewhere.
(Edited to fix a bad typo)
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
I forget the exact range of years, but for a while during the 1980s and 1990s, Canadian nickels were made of the exact same metal alloy as USA nickels (75Cu/25Ni). These are the ones that are not attracted by a magnet and yes, they are thus not machine-sortable from USA nickels.
Mike
Quote from: mgk920 on June 05, 2013, 10:44:09 AM
for a while during the 1980s and 1990s, Canadian nickels were ... not machine-sortable from USA nickels.
I'm sure a team of engineering students at OSU or MIT could come up with a machine sorting solution that might be considered practical if the scope and cost of this problem were greater.
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
vending machines are always fun. I once got a silver quarter in change from one that, in 2001, was old enough to accept both silver and clad coinage. in the late 80s, I got a silver quarter from a classmate who was trying to spend it in a machine that was new enough to not recognize it.
Quote from: mgk920 on June 05, 2013, 10:44:09 AM
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
I forget the exact range of years, but for a while during the 1980s and 1990s, Canadian nickels were made of the exact same metal alloy as USA nickels (75Cu/25Ni). These are the ones that are not attracted by a magnet and yes, they are thus not machine-sortable from USA nickels.
Mike
Funny you should mention magnetism . . . I was looking on-line not long ago for rolls of 2012 Canadian cents (last year of issue and all) and I discovered that there are two varieties: magnetic and non-magnetic. The RCM used both a copper-coated zinc and copper-coated steel blank. Not sure if just for 2012, or for previous years also, in which I did not notice.
Quote from: agentsteel53 on June 05, 2013, 12:38:20 PM
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
vending machines are always fun. I once got a silver quarter in change from one that, in 2001, was old enough to accept both silver and clad coinage. in the late 80s, I got a silver quarter from a classmate who was trying to spend it in a machine that was new enough to not recognize it.
Wasn't there a serious problem in your area back during the mid-late 1980s when, during a period of major inflation, Mexico started producing $1 coins ('$' = 'Peso' in Mexico, BTW) that USA vending machines could not tell apart from USA 25¢ coins (quarters)? ISTR that the situation went as far has needing high-level diplomatic action on the USA's part to solve.
Mike
Quote from: akotchi on June 05, 2013, 01:03:32 PM
Quote from: mgk920 on June 05, 2013, 10:44:09 AM
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
I forget the exact range of years, but for a while during the 1980s and 1990s, Canadian nickels were made of the exact same metal alloy as USA nickels (75Cu/25Ni). These are the ones that are not attracted by a magnet and yes, they are thus not machine-sortable from USA nickels.
Mike
Funny you should mention magnetism . . . I was looking on-line not long ago for rolls of 2012 Canadian cents (last year of issue and all) and I discovered that there are two varieties: magnetic and non-magnetic. The RCM used both a copper-coated zinc and copper-coated steel blank. Not sure if just for 2012, or for previous years also, in which I did not notice.
2012 wasn't the first year that they did both types for the Penny. From Wikipedia (http://en.wikipedia.org/wiki/Penny_%28Canadian_coin%29):
QuoteAlthough the RCM states 2000 as the year of transition from zinc to steel, zinc-core cents were issued in every year of the 2000s, except 2008. Steel cents dated before 2002 are test pieces for calibrating coin-operated machines, and are very rare in circulation.
Quote from: mgk920 on June 05, 2013, 10:51:15 PM
Quote from: agentsteel53 on June 05, 2013, 12:38:20 PM
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
vending machines are always fun. I once got a silver quarter in change from one that, in 2001, was old enough to accept both silver and clad coinage. in the late 80s, I got a silver quarter from a classmate who was trying to spend it in a machine that was new enough to not recognize it.
Wasn't there a serious problem in your area back during the mid-late 1980s when, during a period of major inflation, Mexico started producing $1 coins ('$' = 'Peso' in Mexico, BTW) that USA vending machines could not tell apart from USA 25¢ coins (quarters)? ISTR that the situation went as far has needing high-level diplomatic action on the USA's part to solve.
Mike
I recall there being an issue like that on the New York subway with a Soviet coin matching the subway token for a while.
Quote from: Road Hog on June 05, 2013, 09:37:32 AM
I discovered the other day the soda machine in the breakroom at my work accepts Canadian coins. Had a Canadian nickel and I tried it, and it accepted it.
Yeah, I had a problem where it didn't take a Canadian quarter...which was doubly annoying given the quarter I used was one it spit back at me when I paid for $1.25 bottle of pop with two $1 bills.
Quote from: exit322 on June 06, 2013, 09:04:57 AMwhich was doubly annoying given the quarter I used was one it spit back at me when I paid for $1.25 bottle of pop with two $1 bills.
my guess is that the only way it could have gotten in there was the machine operator pre-loading a roll of quarters which had a Canadian in it.
Quote from: agentsteel53 on June 06, 2013, 12:50:24 PM
Quote from: exit322 on June 06, 2013, 09:04:57 AMwhich was doubly annoying given the quarter I used was one it spit back at me when I paid for $1.25 bottle of pop with two $1 bills.
my guess is that the only way it could have gotten in there was the machine operator pre-loading a roll of quarters which had a Canadian in it.
That was my thought. Luckily, I have a container full of Canadian change for the next time we get up there.
I bought 12 rolls ($60) of dimes today and didn't find a single pre-1965 silver dime out of 600 coins. I found 14 in one week at work. including two in one roll, but it looks like my luck has run out. I'll keep looking, but I'm not going to expect to find anything. I wonder why I found so many at one time?
A lack of coincidences would be the biggest coincidence of all.
Quote from: rickmastfan67 on June 06, 2013, 01:02:15 AM
2012 wasn't the first year that they did both types for the Penny. From Wikipedia (http://en.wikipedia.org/wiki/Penny_%28Canadian_coin%29):
QuoteAlthough the RCM states 2000 as the year of transition from zinc to steel, zinc-core cents were issued in every year of the 2000s, except 2008. Steel cents dated before 2002 are test pieces for calibrating coin-operated machines, and are very rare in circulation.
Damn, I only find out about this after they're all out of circulation. Guess my collection will never be complete ):
Quote from: Steve on June 08, 2013, 12:04:47 AM
Quote from: rickmastfan67 on June 06, 2013, 01:02:15 AM
2012 wasn't the first year that they did both types for the Penny. From Wikipedia (http://en.wikipedia.org/wiki/Penny_%28Canadian_coin%29):
QuoteAlthough the RCM states 2000 as the year of transition from zinc to steel, zinc-core cents were issued in every year of the 2000s, except 2008. Steel cents dated before 2002 are test pieces for calibrating coin-operated machines, and are very rare in circulation.
Damn, I only find out about this after they're all out of circulation. Guess my collection will never be complete ):
I have a bag of Canadian coins with at least $2 in cents, and am pretty sure I've got most of the varieties give or take some scummy ones.
Quote from: Steve on June 08, 2013, 12:04:47 AM
Quote from: rickmastfan67 on June 06, 2013, 01:02:15 AM
2012 wasn't the first year that they did both types for the Penny. From Wikipedia (http://en.wikipedia.org/wiki/Penny_%28Canadian_coin%29):
QuoteAlthough the RCM states 2000 as the year of transition from zinc to steel, zinc-core cents were issued in every year of the 2000s, except 2008. Steel cents dated before 2002 are test pieces for calibrating coin-operated machines, and are very rare in circulation.
Damn, I only find out about this after they're all out of circulation. Guess my collection will never be complete ):
I managed to fill in most of the holes in my Canadian penny collection (1937-2012), just before pennies largely went out of circulation in Canada (five days in Canada so far, I've seen not a single penny). The rest of the holes are mainly varieties of some of the older dates, which were hard to find in circulation even when pennies were circulating. If I ever fill those holes (not likely), it'll have to be with help from a coin dealer.
I recall reading a few years ago that when the RCM went from bronze to the same copper-plated zinc that the USA still stubbornly uses for their 1¢ coins, their metallurgists found that to reduce the coins' metal content to the point where the metal would cost less than C$0.01 per coin while retaining their same outside dimensions, the flat center part of the coins would literally have to be a thin 'foil' that even a child could poke his or her fingers through. And yes, their mid-late 1990s pennies were already a near absurdity.
Mike
Recently, in addition to the 1999 Venezuelan 20 bolivar coin, I've found several other foreign coins: a 1917 French 50 centimes coin (85% silver!), a 1988 British penny, and several Canadian pennies, nickels, dimes, and quarters. On the domestic side, I've found countless wheat pennies, several pre-1960 nickels, 14 silver Roosevelt dimes (1964 and older - I found these 14 dimes in 1 week - most of them are 1964 for some reason), dozens of bicentennial quarters (not worth anything, but they're cool for my rainy day piggy bank and I like the reverse design), a few Kennedy half dollars, a couple of Eisenhower dollars, countless Susan B. Anthony dollars (I collect these too, to put in the emergency fund), several $2 bills, some in near perfect condition and several pre-redesign bills, in denominations of $5, $10 (Series 1969A!), and two $20 notes. Those bills were so elegant and classy than the toilet-paper-is-more-attractive bills that we have today and are rarely seen (I have seen 2 $5 bills, 1 $10 bills, and 2 $20 bills since March and bought all of them except for one of the 5s that wasn't in very good shape.) Our money used to be so stylish and pimp and now it's ugly and gaudy.
Quote from: bugo on June 15, 2013, 10:52:09 PMOur money used to be so stylish and pimp and now it's ugly and gaudy.
I would equate the word "pimp" with "ugly and gaudy" - "stylish" is a completely different term, and indeed can be applied to the 1928-1993 series, as well as the notes that came before that.
Quote from: agentsteel53 on June 15, 2013, 11:50:35 PM
Quote from: bugo on June 15, 2013, 10:52:09 PMOur money used to be so stylish and pimp and now it's ugly and gaudy.
I would equate the word "pimp" with "ugly and gaudy"
Pimp Bill Clinton begs to differ.
"Pimp" means stylish and cool. You're thinking of "bip".
Quote from: bugo on June 16, 2013, 01:37:53 AM
"Pimp" means stylish and cool. You're thinking of "bip".
Must be a regional thing. "Pimp" around these parts has a negative connotation.
Quote from: Brandon on June 16, 2013, 07:52:43 AM
Quote from: bugo on June 16, 2013, 01:37:53 AM
"Pimp" means stylish and cool. You're thinking of "bip".
Must be a regional thing. "Pimp" around these parts has a negative connotation.
It just might be the crowd that I hang out with. To us, "pimp as fuck" means extremely cool.
Quote from: agentsteel53 on June 15, 2013, 11:50:35 PM
Quote from: bugo on June 15, 2013, 10:52:09 PMOur money used to be so stylish and pimp and now it's ugly and gaudy.
I would equate the word "pimp" with "ugly and gaudy" - "stylish" is a completely different term, and indeed can be applied to the 1928-1993 series, as well as the notes that came before that.
What is Series 1995, chopped liver?
I found a fee Canadian pennies in the office at work this week. One of them (1943) even has George VI on it.
Quote from: Scott5114 on June 17, 2013, 04:30:39 AM
What is Series 1995, chopped liver?
$1s and $2s remain stylish. it is the higher denominations which, starting in 1995, went to the wacky designs that I've never quite gotten used to.
Quote from: agentsteel53 on June 21, 2013, 11:03:38 AM
Quote from: Scott5114 on June 17, 2013, 04:30:39 AM
What is Series 1995, chopped liver?
$1s and $2s remain stylish. it is the higher denominations which, starting in 1995, went to the wacky designs that I've never quite gotten used to.
1995 was the last old-style series. The new designs were Series 1996. Rubin takes office in 1995, forces series change, then the following year they redesigned the $100s, $50s, and $20s. $5s and $10s weren't redesigned until Series 1999 with Summers, I believe.
I use my money to wipe my poo. That's cool. And funny.
Last night at work 2 different customers in a row paid for their merchandise with coins, including a bunch of dimes. The first customer was tossing the coins on the table when I heard the unmistakable sound of silver hitting the counter. I noticed that several of the coins were dull and tarnished and my heart started racing. I looked through the dimes and found 4 silver dimes. The next customer also paid with many dimes, and I saw the same tarnished silver that I had just seen. I pulled 5 silvers out of this pile. I found 9 tonight and 24 in the last month. The dimes are from 1951, 1952, 1953, 1954, 1956, 1957 (2), 1958, and 1960. Amazingly, I didn't find any 1964s. Of the 15 that I found a few weeks ago, about 8 of them were 1964s. All of the dimes are dull and quite tarnished, and the '56 is bent. I am a member of a coin collecting forum and I had told them about the 14 silver dimes I found in a week and they were amazed. Many of the older veteran coin collectors said they hadn't found this many in such a short time. Some of these guys will go to the bank and buy hundreds of dollars worth of coins, look through them for any interesting, old, or rare coins, and they said they had never found this many, except for the roll of Mercury dimes that the old man paid for his merchandise with. Some of the younger guys had only found 1 or 2 in circulation. Somebody said that the silver dimes were gone from circulation by 1970 (this is obviously wrong as I have pulled 24 silvers from circulation.) It was the best night in collecting since I started this job.
Interestingly, 9 silver dimes weigh about as much as 8 clad copper/nickel dimes. I put the 9 dimes on our money weighing machine and it read 80 cents.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fdimes07032013obverse_zpsbef57678.jpg&hash=0d7fc7f2acb5c3dbc3717c66cb2bf3c303c297a0)
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(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fdimes07032013pile_zps958f20b1.jpg&hash=3f9d9415f994a34a44c6149e9782288d45b37188)
Nice haul there. You do know where the mint mark is on Silver dimes? I see you got a few Denver ones in that haul. Denver's are normally the rarer of the two mints (and San Francisco ones are even rarer).
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
Quote from: The High Plains Traveler on December 08, 2012, 11:29:10 AM
When I was a kid, Franklin 50 cent coins were as common as other change. After JFK's assassination, Congress quickly moved to remove Franklin and replace him with Kennedy. I guess for a while the Kennedy half dollars were treated by the public as commemorative coins rather than common currency, and they fell out of use. I can't remember the last time I saw one. As the point above was made, up until the 1930s we had coinage worth many dollars at a time when that was real money, and now our coinage effectively stops at a quarter dollar. I am personally all for the dollar coin, as I've seen how convenient it is in other countries that use coins for their main unit of currency.
Excelent post.
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money, and, in fact, since many 100s of times of these are kept out of circulation than other coins, are likely, generations from now when they actually reach a collectable age, to be worth far less than other old coins.
Silver half dollars are collectable and worth much more than face value. For example, I have two 1967 half dollars (40% silver) and a 1925 Stone Mountain half (90% silver). I also just acquired an uncirculated 1973 40% silver Eisenhower dollar coin. It's really beautiful with the dull yet shiny look of silver coins.
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
Wrong. I paid more than 50 cents for an uncirculated 1973 half dollar.
Quote from: NE2 on June 24, 2013, 02:18:46 AM
I use my money to wipe my poo. That's cool. And funny.
I hope you launder it before you spend it then.
Quote from: huskeroadgeek on December 09, 2012, 02:33:47 PM
Quote from: oscar on December 09, 2012, 11:25:21 AM
I still look for silver coins in circulation, but it's been a dozen years since I've found one. Sometime in the 1990s, I bought a roll of quarters for laundry money (the roll was assembled by one of the bank's other customers), and half of the quarters were silver. Almost nobody makes that kind of mistake.
I don't believe I have ever seen a silver quarter in actual circulation. I remember when I was younger I noticed that there was an unusually high number of quarters from 1965 in circulation and I wondered why. It wasn't until years later that I learned that was the first year they were made of the copper-nickel alloy instead of silver, and the mint flooded the market with the new quarters because the silver quarters would quickly disappear from circulation because of their intrinsic value.
I see a lot of 1965 quarters and dimes. I see quite a few from 65-69, but I haven't seen a silver quarter in years. I've found 24 silver dimes in the last month.
Quote from: bugo on July 08, 2013, 01:09:13 PM
Quote from: SP Cook on December 09, 2012, 08:03:20 AM
Quote from: Special K on December 09, 2012, 01:52:09 AM
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money...
Untrue. The value is whatever someone is willing to pay for it.
Umm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
Wrong. I paid more than 50 cents for an uncirculated 1973 half dollar.
Can I sell you crisp, new two-dollar bill for ten dollars, then?
Quote from: bugo on July 08, 2013, 01:09:13 PM
Wrong. I paid more than 50 cents for an uncirculated 1973 half dollar.
Uncirculated money is slightly collectable, and not relevant to our discussion of the non-collectability of ordinary coins. Thank you.
Quote from: SP Cook on July 08, 2013, 07:34:37 PM
Quote from: bugo on July 08, 2013, 01:09:13 PM
Wrong. I paid more than 50 cents for an uncirculated 1973 half dollar.
Uncirculated money is slightly collectable, and not relevant to our discussion of the non-collectability of ordinary coins. Thank you.
QuoteUmm, OK? There are no people willing to pay more than the monetary value of any modern US 50c coin. So they have no collectable value and are unlikely to ever have one. They are worth exactly 50 cents.
You're wrong.
The teller at the bank says differently.
Quote from: oscar on December 17, 2012, 11:04:06 PM
Businesses wanting to limit the amount of stealable cash on hand can and do put incoming $20s right into a time-lock safe (I think some 7-11s do that routinely). They can do same for higher bills. Of course, anyone paying with a $50 or $100 might get a lot of small bills in change, and be SOL if there aren't enough small bills on hand.
That is true. The store I work at doesn't even have a slot for 20s in the till. Robbing a convenience store is a bad idea because if you're lucky, you'll leave with 50 bucks.
Quote from: SP Cook on July 09, 2013, 06:02:15 AM
The teller at the bank says differently.
The bank will never pay more than face value for any coin, even if it's a 1913 Liberty nickel. Collectors give value to something based on how desirable it is. Otherwise, the collection of signs around my room would all be $15-$25, since it's just sheeting on substrate.
Quote from: agentsteel53 on May 26, 2013, 08:01:55 PM
I paid $100 for a $30 purchase (two tickets to the Prudential Building's observation deck) and was surprised to see the change come back as only two bills.
Back when I was a cashier at a grocery store, I preferred to give a $50 back (if available) to someone who bought $8 of beer or snacks with a $100 bill. (This way, you didn't have to hold up the parade as much to make more change.)
Quote from: 1995hoo on May 26, 2013, 01:12:41 PM
The worthless thing I paid a decent sum for was paying $50 to get a Zimbabwean $100,000,000,000,000 bill that was worth less than $10 USD at the time.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F3%2F3e%2FZimbabwe_%2524100_trillion_2009_Obverse.jpg%2F640px-Zimbabwe_%2524100_trillion_2009_Obverse.jpg&hash=72a1b74e847ce4eb18d7e53bc68c12f1dcb27502)
Knowing their oh-so-unstable currency, I would have waited until it hit $5-10, at which point a gag item is worth the trouble.
(At what point is it okay to use scientific notation for your currency?)
Quote from: Steve on July 09, 2013, 06:51:38 PM
The bank will never pay more than face value for any coin,
True.
And irrelevant to the discussion.
The point, of course, is that the bank will likewise never charge more than face value for a coin either.
With a bit of notice, I can have as many 50 cent pieces that I can afford to "buy", random dates from 1965-the end of production, for exactly 50 cents each.
Because 50 cent pieces are not collectable and have no value beyond that as currency.
Kind of like how, just yesterday, I got a two-dollar bill at the bank (HOLY CRAP 1976 BICENTENNIAL YEAR) for exactly two dollars.
If only they'd get Eisenhower dollars for me...
Quote from: kphoger on July 09, 2013, 09:31:26 PM
Kind of like how, just yesterday, I got a two-dollar bill at the bank (HOLY CRAP 1976 BICENTENNIAL YEAR) for exactly two dollars.
I think most of them are 1976 Series (there was '03 and '95, as well).
Quote from: formulanone on July 10, 2013, 02:36:28 PM
Quote from: kphoger on July 09, 2013, 09:31:26 PM
Kind of like how, just yesterday, I got a two-dollar bill at the bank (HOLY CRAP 1976 BICENTENNIAL YEAR) for exactly two dollars.
I think most of them are 1976 Series (there was '03 and '95, as well).
Also '03A and '09.
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
With a bit of notice, I can have as many 50 cent pieces that I can afford to "buy", random dates from 1965-the end of production, for exactly 50 cents each.
Because 50 cent pieces are not collectable and have no value beyond that as currency.
Unrelated. Quit trolling. Also, you can occasionally find random dates before 1965 as well. The bank is under no obligation to hoard silver.
Quote from: Special K on December 09, 2012, 01:52:09 AM
There are no people willing Some people are dumb enough to pay more than the monetary value of any modern US 50c coin. So they have no collectable [sic] value and are unlikely to ever have one. They even though they are worth exactly 50 cents.
OK, guys, is that more accurate?
Quote from: formulanone on July 10, 2013, 02:36:28 PM
Quote from: kphoger on July 09, 2013, 09:31:26 PM
Kind of like how, just yesterday, I got a two-dollar bill at the bank (HOLY CRAP 1976 BICENTENNIAL YEAR) for exactly two dollars.
I think most of them are 1976 Series (there was '03 and '95, as well).
Yeah, the whole "HOLY CRAP 1976 BICENTENNIAL YEAR" thing was sarcastic; sorry if that wasn't clear. I wouldn't say
most of them are 1976 issue, since most of the ones I get are from the 1990s or 2000s. It did strike me as cool to get a bill from the bank that's 37 years old, though. But it's still worth exactly two dollars, and that was my point.
Quote from: kphoger on July 10, 2013, 07:02:20 PM
Quote from: formulanone on July 10, 2013, 02:36:28 PM
Quote from: kphoger on July 09, 2013, 09:31:26 PM
Kind of like how, just yesterday, I got a two-dollar bill at the bank (HOLY CRAP 1976 BICENTENNIAL YEAR) for exactly two dollars.
I think most of them are 1976 Series (there was '03 and '95, as well).
Yeah, the whole "HOLY CRAP 1976 BICENTENNIAL YEAR" thing was sarcastic; sorry if that wasn't clear. I wouldn't say most of them are 1976 issue, since most of the ones I get are from the 1990s or 2000s. It did strike me as cool to get a bill from the bank that's 37 years old, though. But it's still worth exactly two dollars, and that was my point.
FWIW, I got three crisp $2 bills from my bank earlier this year. Both of the ones still in my possession are 1976 series.
Maybe too many $2 bills were printed from the 1976 series, so the supply lasted a long time, and there was no need to print new ones for a few decades.
Quote from: oscar on July 10, 2013, 07:20:48 PM
Maybe too many $2 bills were printed from the 1976 series, so the supply lasted a long time, and there was no need to print new ones for a few decades.
This is exactly what happened. uspapermoney.info has the statistics for each series if you're interested in the breakdown. Demand for $2s has been going up, and the 76s have been wearing out, so more and more frequent printings have been taking place.
Quote from: realjd on December 08, 2012, 08:15:25 AM
$2 bills are fun, and it's been years since I saw a 50 cent coin. $1 coins aren't particularly uncommon though. I tend to get them regularly from parking garages, train stations, and change machines.
I'll go get a bunch of $2 bills every once in a while just for fun. It's always fun seeing store clerks' reactions when I send them.
Really, I have had $1 coins refused by the "teller person" at DFW airport. Also my bank doesn't always have $2 bills, 50 centers, or dollar coins.
It's a 1964 silver quarter, the last year they made them out of silver. I pulled it out of a roll at work. I've been searching for silver quarters for several months now and I thought they were all gone from circulation, but somehow this one survived. I also found a 1945 wheat penny and a Series 1995 $10 bill.
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Quote from: SP Cook on July 09, 2013, 08:58:43 PM
Because 50 cent pieces are not collectable and have no value beyond that as currency.
They sure are a pain in the ass to those of us in the vending industry, though. For some reason people try to use them to buy snacks and they end up jamming in the coin mech. Then other people try to buy snacks with real money and jam it even more. Same thing with pennies - who tries to use 150 pennies to buy a bottle of Coke anyway?
Quote from: 6a on July 21, 2013, 10:31:46 AM
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
Because 50 cent pieces are not collectable and have no value beyond that as currency.
They sure are a pain in the ass to those of us in the vending industry, though. For some reason people try to use them to buy snacks and they end up jamming in the coin mech. Then other people try to buy snacks with real money and jam it even more. Same thing with pennies - who tries to use 150 pennies to buy a bottle of Coke anyway?
The same folks who put 75 pennies in a change basket on the Tollway.
Quote from: 6a on July 21, 2013, 10:31:46 AM
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
Because 50 cent pieces are not collectable and have no value beyond that as currency.
They sure are a pain in the ass to those of us in the vending industry, though. For some reason people try to use them to buy snacks and they end up jamming in the coin mech. Then other people try to buy snacks with real money and jam it even more. Same thing with pennies - who tries to use 150 pennies to buy a bottle of Coke anyway?
'Real' money? 50¢ coins ARE 'real' money, just like any other denomination. It was the vending machine industry that just out of the blue decided to stop taking them several decades ago.
I find it most annoying that we're currently stuck using banknotes that have little buying power left in them anymore. What can one buy with just one $1 note (or even one quarter, for that matter!) these days? Me? A single 25¢ coin will buy me a whopping 20 minutes from a parking meter here in downtown Appleton. A normal trip to the laundry now requires me to use EIGHTEEN of them (nearly half a roll) - that is one incredible load of metal for a relatively small transaction.
With today's prices, we should be using coins up to at least $10 now.
Yes, I would be much more willing to use vending machines if the USA had a much more convenient slate of coins v. banknotes (Canada, Australia, Japan, the Eurozone, etc, are all much closer to that correct balance than we are).
:banghead:
BTW, bugo, according to http://www.coinflation.com, as of this typing, your 1964-D quarter has $3.52 worth of metal in it, 1408.44% of 'face' value.
Mike
Quote from: mgk920 on July 21, 2013, 12:01:21 PM
'Real' money? 50¢ coins ARE 'real' money, just like any other denomination. It was the vending machine industry that just out of the blue decided to stop taking them several decades ago.
That was a joke. I should have learned by now that sarcasm doesn't work here.
Anyway, I have some older $1 and $2 notes from Canada around here somewhere. I just moved not too long ago so when I find them I'll take a picture. The most striking thing about them is the portrait of a young Queen
Quote from: mgk920 on July 21, 2013, 12:01:21 PM
I find it most annoying that we're currently stuck using banknotes that have little buying power left in them anymore. What can one buy with just one $1 note (or even one quarter, for that matter!) these days? Me? A single 25¢ coin will buy me a whopping 20 minutes from a parking meter here in downtown Appleton. A normal trip to the laundry now requires me to use EIGHTEEN of them (nearly half a roll) - that is one incredible load of metal for a relatively small transaction.
With today's prices, we should be using coins up to at least $10 now.
Our meters take credit cards now, which was odd at first but quite useful.
The odd thing is we used to have coins for higher dollar values, even when said coins bought a whole lot more than they would today.
Quote from: 6a on July 21, 2013, 12:13:19 PM
Quote from: mgk920 on July 21, 2013, 12:01:21 PM
'Real' money? 50¢ coins ARE 'real' money, just like any other denomination. It was the vending machine industry that just out of the blue decided to stop taking them several decades ago.
That was a joke. I should have learned by now that sarcasm doesn't work here.
No, it's not that sarcasm doesn't work here, it is that the written language does not come with the tonal inflections that the spoken one does - thus losing the ability to say the exact same sentence in two different ways and have it come out with two completely different meanings.
QuoteAnyway, I have some older $1 and $2 notes from Canada around here somewhere. I just moved not too long ago so when I find them I'll take a picture. The most striking thing about them is the portrait of a young Queen
Quote from: mgk920 on July 21, 2013, 12:01:21 PM
I find it most annoying that we're currently stuck using banknotes that have little buying power left in them anymore. What can one buy with just one $1 note (or even one quarter, for that matter!) these days? Me? A single 25¢ coin will buy me a whopping 20 minutes from a parking meter here in downtown Appleton. A normal trip to the laundry now requires me to use EIGHTEEN of them (nearly half a roll) - that is one incredible load of metal for a relatively small transaction.
With today's prices, we should be using coins up to at least $10 now.
Our meters take credit cards now, which was odd at first but quite useful.
The odd thing is we used to have coins for higher dollar values, even when said coins bought a whole lot more than they would today.
Yea on the gold coins - and in the days of the gold standard, a quarter would buy a decent lunch for yourself AND a business associate - and nearly all 'small time' daily commerce was in coins only.
BTW, I am not at all comfortable using 'plastic' for piddly small-time things like lunch and parking meters - what happens when the power fails? That's what cash (especially coins) is for.
Mike
Quote from: Brandon on July 21, 2013, 10:43:20 AM
Quote from: 6a on July 21, 2013, 10:31:46 AM
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
Because 50 cent pieces are not collectable and have no value beyond that as currency.
They sure are a pain in the ass to those of us in the vending industry, though. For some reason people try to use them to buy snacks and they end up jamming in the coin mech. Then other people try to buy snacks with real money and jam it even more. Same thing with pennies - who tries to use 150 pennies to buy a bottle of Coke anyway?
The same folks who put 75 pennies in a change basket on the Tollway.
Oh, were you behind me? I've dumped a Frisbee full of pennies into the baskets before. Best way ever to get rid of pennies. I've also paid bus fare with nickles and dimes before.
The dollar coin issue has come up again in the U.S., this time with Sen. McCain discussing the potential positive impact on the all-important stripper sector of our economy:
http://www.dailyfinance.com/2013/07/26/john-mccain-dollar-coins-good-for-strippers/#!slide=44919
This subtopic was previously discussed way up in this thread (search for the "use the coin slot" suggestion, not exactly what the Senator has in mind).
Canadians on this forum can tell us how the elimination of dollar and two-dollar bills has affected the strippers up there. You don't have to tell us how you know :)
Making it hail. :cool:
Previous coin efforts didn't provide for the elimination of the bill. Once you get rid of the bills, people will stop hoarding coins.
A guy spent these in the store I work in, so I immediately bought them at face value. They are 1952-P and 1953-D Franklin half dollars. They are 90% silver. The local coin shop buys them for $6.25 so I got a great deal. I'll never part with them, as they're going into my permanent collection (which is at an undisclosed location out of state.)
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Quote from: kphoger on July 09, 2013, 09:31:26 PM
Kind of like how, just yesterday, I got a two-dollar bill at the bank (HOLY CRAP 1976 BICENTENNIAL YEAR) for exactly two dollars.
If only they'd get Eisenhower dollars for me...
I've gotten 4 or 5 Ike dollars at work, including a bicentennial. I also bought an uncirculated 40% silver 1973 (my birth year) Eisenhower dollar off ebay, which I paid much more than $1 for.
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
Because 50 cent pieces are not collectable and have no value beyond that as currency.
Bullshit. Any 50 cent piece minted between 1965 and 1969 has 40% silver, and half dollars minted prior to 1965 are 90% fine silver. They have a high melt value, but they also have collector value as well. The two Franklin halves I found are definitely collectors' items. I also have a 1925 Stone Mountain half that is very collectable.
Fixed quote. (https://www.aaroads.com/forum/index.php?topic=4000.0) - rmf67
We were not discussing pre-Johnson sandwich coins.
Quote from: SP Cook on September 09, 2013, 08:46:30 PM
We were not discussing pre-Johnson sandwich coins.
This...
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
Because 50 cent pieces are not collectable and have no value beyond that as currency.
...suggests that you are talking about
ALL fifty cent pieces.
Quote from: SP Cook on September 09, 2013, 08:46:30 PM
We were not discussing pre-Johnson sandwich coins.
Mmm, sandwich.
But I'll pass on the Johnson sandwich. Yuck.
Quote from: bugo on September 09, 2013, 02:47:52 PM
A guy spent these in the store I work in, so I immediately bought them at face value. They are 1952-P and 1953-D Franklin half dollars. They are 90% silver. The local coin shop buys them for $6.25 so I got a great deal. I'll never part with them, as they're going into my permanent collection (which is at an undisclosed location out of state.)
Hmm, that's brings up an interesting point. Could the owner of the store (assuming it isn't you) lay any claim to the $6.25 you got for those? If a piece of currency is transacted at face value, but has intrinsic worth above its value as currency, who owns that value?
I'm not suggesting any malfeasance here, just interested as a hypothetical curiosity. There must be some ethical numismatic rule about this, if not actual law, since I'm sure coin shops frequently buy pieces that have been traded out of a cash drawer, and I can't imagine in the history of coin collecting that some shop owner hasn't come after the money earned by one of his clerks in this way. :-)
Quote from: empirestate on September 09, 2013, 09:20:27 PM
Quote from: bugo on September 09, 2013, 02:47:52 PM
A guy spent these in the store I work in, so I immediately bought them at face value. They are 1952-P and 1953-D Franklin half dollars. They are 90% silver. The local coin shop buys them for $6.25 so I got a great deal. I'll never part with them, as they're going into my permanent collection (which is at an undisclosed location out of state.)
Hmm, that's brings up an interesting point. Could the owner of the store (assuming it isn't you) lay any claim to the $6.25 you got for those? If a piece of currency is transacted at face value, but has intrinsic worth above its value as currency, who owns that value?
I'm not suggesting any malfeasance here, just interested as a hypothetical curiosity. There must be some ethical numismatic rule about this, if not actual law, since I'm sure coin shops frequently buy pieces that have been traded out of a cash drawer, and I can't imagine in the history of coin collecting that some shop owner hasn't come after the money earned by one of his clerks in this way. :-)
Any business transaction is conducted at face value if the coin is presented as legal tender, which it was in this case.
Quote from: Steve on September 09, 2013, 09:29:29 PM
Quote from: empirestate on September 09, 2013, 09:20:27 PM
Hmm, that's brings up an interesting point. Could the owner of the store (assuming it isn't you) lay any claim to the $6.25 you got for those? If a piece of currency is transacted at face value, but has intrinsic worth above its value as currency, who owns that value?
I'm not suggesting any malfeasance here, just interested as a hypothetical curiosity. There must be some ethical numismatic rule about this, if not actual law, since I'm sure coin shops frequently buy pieces that have been traded out of a cash drawer, and I can't imagine in the history of coin collecting that some shop owner hasn't come after the money earned by one of his clerks in this way. :-)
Any business transaction is conducted at face value if the coin is presented as legal tender, which it was in this case.
Precisely, that's where I'm starting my thinking as well. And then let's say a clerk makes change for himself out of his cash drawer, buying two 50-cent pieces in exchange for a paper dollar. Again, this transaction is conducted as legal tender at face value, so all's well and good; heck knows I used to do the same thing all the time myself.
But if the clerk then sells the 50-cent pieces for $6.25 apiece, he makes a profit of $11.50, because he is paid for the intrinsic value of the physical coins he possesses, minus their face value as legal tender. But were they his to sell; does he actually own the objects worth $11.50? Or are they the property of the shop owner, because they are collected as monetary receipts on the owner's behalf by his agent, the clerk? But...if we accept the latter, then they are collected on the basis of being worth 50 cents, no more or less, so the shop owner clearly doesn't have an extra $11.50 (if he did, he'd be required to give that sum as change for the 50-cent pieces tendered).
So somehow that extra value is created after two face-value transactions, or possibly before–I guess my question really is, at what point does that value come into existence, and to whom does it belong from that point until it is paid for by the coin dealer?
If the intrinsic value of a physical coin above face value is in fact not the property of the current possessor, then why would it be the property of any specific previous possessor? The only logical conclusion is it's the property of the government that minted the coin. That is, if it's not the property of the person who physically possesses it.
Quote from: empirestate on September 10, 2013, 12:34:10 AM
Quote from: Steve on September 09, 2013, 09:29:29 PM
Quote from: empirestate on September 09, 2013, 09:20:27 PM
Hmm, that's brings up an interesting point. Could the owner of the store (assuming it isn't you) lay any claim to the $6.25 you got for those? If a piece of currency is transacted at face value, but has intrinsic worth above its value as currency, who owns that value?
I'm not suggesting any malfeasance here, just interested as a hypothetical curiosity. There must be some ethical numismatic rule about this, if not actual law, since I'm sure coin shops frequently buy pieces that have been traded out of a cash drawer, and I can't imagine in the history of coin collecting that some shop owner hasn't come after the money earned by one of his clerks in this way. :-)
Any business transaction is conducted at face value if the coin is presented as legal tender, which it was in this case.
Precisely, that's where I'm starting my thinking as well. And then let's say a clerk makes change for himself out of his cash drawer, buying two 50-cent pieces in exchange for a paper dollar. Again, this transaction is conducted as legal tender at face value, so all's well and good; heck knows I used to do the same thing all the time myself.
But if the clerk then sells the 50-cent pieces for $6.25 apiece, he makes a profit of $11.50, because he is paid for the intrinsic value of the physical coins he possesses, minus their face value as legal tender. But were they his to sell; does he actually own the objects worth $11.50? Or are they the property of the shop owner, because they are collected as monetary receipts on the owner's behalf by his agent, the clerk? But...if we accept the latter, then they are collected on the basis of being worth 50 cents, no more or less, so the shop owner clearly doesn't have an extra $11.50 (if he did, he'd be required to give that sum as change for the 50-cent pieces tendered).
So somehow that extra value is created after two face-value transactions, or possibly before–I guess my question really is, at what point does that value come into existence, and to whom does it belong from that point until it is paid for by the coin dealer?
It is irrelevant because I never have and never will sell my coins.
Quote from: vtk on September 10, 2013, 03:09:37 AM
If the intrinsic value of a physical coin above face value is in fact not the property of the current possessor, then why would it be the property of any specific previous possessor? The only logical conclusion is it's the property of the government that minted the coin. That is, if it's not the property of the person who physically possesses it.
Hadn't thought of that; does the mint issue an opinion on this subject? Has there been any case history on this? How would I even Google this?
If the value of the coin isn't the property of the possessor, why would (legitimate, law-abiding) coin dealers routinely pay for it?
Quote from: bugo on September 10, 2013, 05:33:17 AM
It is irrelevant because I never have and never will sell my coins.
What if someone else sold your coins and pocketed the money; still irrelevant?
Quote from: vtk on September 10, 2013, 03:09:37 AM
If the intrinsic value of a physical coin above face value is in fact not the property of the current possessor, then why would it be the property of any specific previous possessor? The only logical conclusion is it's the property of the government that minted the coin. That is, if it's not the property of the person who physically possesses it.
Depends on part on whether the current possessor has legitimate possession of it. In the example above, on whether the store at which the silver half-dollar was spent allows the clerk to buy it at face value. I don't remember the specific details from four decades ago, but at my first job at a McDonald's, I was not allowed to keep a silver half-dollar that came in at the front counter. I'm not sure what happened to it, but think a supervisor (or whoever else emptied out my cash drawer at the end of the day) snatched it up for himself. He would have had no more legitimate claim than I had, but he out-ranked me which was good enough. Those without eagle-eyed supervisors looking over their shoulders, YMMV.
The U.S. Treasury has, AFAIK, no objection to people selling for scrap or melting down old silver coins to reap the scrap value, so long as the resulting capital gain is reported on tax returns. It currently is prohibiting the private melting of copper pennies (whose current scrap value is also well above face value), but that was a hastily-adopted measure intended to maintain the supply of pennies in circulation and block one company's plan to systematically sweep copper pennies out of circulation. I think Canada has a similar prohibition, though now that the Canadian penny is being phased out of circulation (with the government melting down all the pennies turned in by banks, which are prohibited from distributing them to customers), it will be interesting whether that prohibition lasts and penny-hoarders up there will be once more as free to sell their pennies for scrap as those with old silver Canadian coins.
The value of a coin is whatever the possessor can get from it. In a business transaction, anything presented as legal tender is valued at face value. You can conduct a business transaction with the cash register, exchanging $20 for 5 gold stellas (this is a very hypothetical scenario, of course), and it's perfectly legal as long as the stellas are in there as legal tender, and not sold as goods. Once they are in your possession, you can then seek to sell them as goods instead of offering them as legal tender. And, as happens often with old coins, someone who purchases them as goods can turn around and reoffer them as legal tender as long as they have not been altered or defaced.
Quote from: empirestate on September 09, 2013, 09:20:27 PM
Quote from: bugo on September 09, 2013, 02:47:52 PM
A guy spent these in the store I work in, so I immediately bought them at face value. They are 1952-P and 1953-D Franklin half dollars. They are 90% silver. The local coin shop buys them for $6.25 so I got a great deal. I'll never part with them, as they're going into my permanent collection (which is at an undisclosed location out of state.)
Hmm, that's brings up an interesting point. Could the owner of the store (assuming it isn't you) lay any claim to the $6.25 you got for those? If a piece of currency is transacted at face value, but has intrinsic worth above its value as currency, who owns that value?
I'm not suggesting any malfeasance here, just interested as a hypothetical curiosity. There must be some ethical numismatic rule about this, if not actual law, since I'm sure coin shops frequently buy pieces that have been traded out of a cash drawer, and I can't imagine in the history of coin collecting that some shop owner hasn't come after the money earned by one of his clerks in this way. :-)
The value of a coin above its face value belongs to the person who knows about and pays attention to the coins they get.
Quote from: kkt on September 14, 2013, 03:00:31 PM
The value of a coin above its face value belongs to the person who knows about and pays attention to the coins they get.
Makes sense. Could that person be the shop owner in this scenario? Can "get" mean "receive in the form of legal tender collected by one's employee or agent"? Or can it only mean "have direct sensory knowledge of and physical contact with"?
Quote from: empirestate on September 14, 2013, 06:15:13 PM
Quote from: kkt on September 14, 2013, 03:00:31 PM
The value of a coin above its face value belongs to the person who knows about and pays attention to the coins they get.
Makes sense. Could that person be the shop owner in this scenario? Can "get" mean "receive in the form of legal tender collected by one's employee or agent"? Or can it only mean "have direct sensory knowledge of and physical contact with"?
That might actually depend on the contractual stipulations by which the cashier operates the register.
Quote from: Steve on September 15, 2013, 01:35:10 AM
Quote from: empirestate on September 14, 2013, 06:15:13 PM
Quote from: kkt on September 14, 2013, 03:00:31 PM
The value of a coin above its face value belongs to the person who knows about and pays attention to the coins they get.
Makes sense. Could that person be the shop owner in this scenario? Can "get" mean "receive in the form of legal tender collected by one's employee or agent"? Or can it only mean "have direct sensory knowledge of and physical contact with"?
That might actually depend on the contractual stipulations by which the cashier operates the register.
Yes. In most cases, cashiers can swap ordinary money for money of special value. The chances of something of really great value are infinitesimal. Maybe they find a 90% silver quarter every 5 years or so; even if they're worth $6.00 the business isn't really out very much money. The very valuable coins are generally valued in part for their condition; once the coin has been kicking around in someone's pocket it's by definition less valuable. However, I expect there are some businesses that make rules against swapping coins out of the till and instruct employees that if they find silver coins or other valuable coins they are to be set aside for the business's benefit. Maybe companies that deal in large numbers of coins -- vending machines or slot machines -- set up automatic testing for silver coins; I wonder how many it would take to break even.
My guess would be that legally since the cashier is an employee of the business, they are an authorized agent of the business and can thus authorize currency swaps (barring any rule to the contrary from the employer).
I work at a casino and there is a cashier that buys stuff from her drawer if it catches her fancy. If a company deals with that much cash, it doesn't have time to worry about any individual bill or coin. When you have tens of thousands in cash sitting around, most of the time a human doesn't even see it since it just whirs by in a bill counting machine with thousands of other bills. Coins are even less likely to be visually examined since large volumes of them are counted by weight.
Quote from: kkt on September 15, 2013, 03:13:59 AM
Quote from: Steve on September 15, 2013, 01:35:10 AM
Quote from: empirestate on September 14, 2013, 06:15:13 PM
Quote from: kkt on September 14, 2013, 03:00:31 PM
The value of a coin above its face value belongs to the person who knows about and pays attention to the coins they get.
Makes sense. Could that person be the shop owner in this scenario? Can "get" mean "receive in the form of legal tender collected by one's employee or agent"? Or can it only mean "have direct sensory knowledge of and physical contact with"?
That might actually depend on the contractual stipulations by which the cashier operates the register.
Yes. In most cases, cashiers can swap ordinary money for money of special value. The chances of something of really great value are infinitesimal. Maybe they find a 90% silver quarter every 5 years or so; even if they're worth $6.00 the business isn't really out very much money. The very valuable coins are generally valued in part for their condition; once the coin has been kicking around in someone's pocket it's by definition less valuable. However, I expect there are some businesses that make rules against swapping coins out of the till and instruct employees that if they find silver coins or other valuable coins they are to be set aside for the business's benefit. Maybe companies that deal in large numbers of coins -- vending machines or slot machines -- set up automatic testing for silver coins; I wonder how many it would take to break even.
I would say that in the case where you have the occasional employee that looks for such things, and those folks would typically be in the minority, it'd be one of those things you wouldn't prohibit just from a morale standpoint- if it keeps your cashier happy to look for silver coins, that's worth the occasional chance of missing out on a coin worth a couple dollars that in all likelihood wouldn't have been caught anyway. In bugo's case, that's clearly something he enjoys about his job- if they took that ability away from him, he'd probably like his job a bit less. Assuming his duties are otherwise being satisfactorily performed and it isn't a distraction, then for any reasonable employer that's worth the negligible amount of money lost.
Quote from: Steve on September 13, 2013, 11:48:31 PM
The value of a coin is whatever the possessor can get from it. In a business transaction, anything presented as legal tender is valued at face value. You can conduct a business transaction with the cash register, exchanging $20 for 5 gold stellas (this is a very hypothetical scenario, of course), and it's perfectly legal as long as the stellas are in there as legal tender, and not sold as goods. Once they are in your possession, you can then seek to sell them as goods instead of offering them as legal tender. And, as happens often with old coins, someone who purchases them as goods can turn around and reoffer them as legal tender as long as they have not been altered or defaced.
Speaking of currency being sold as goods, did you know that the Bureau of Engraving and Printing does indeed sell some uncut sheets of US currency? I'm not sure if they can be re-offered as legal tender, though I'm guessing that unless there's some security features missing you could if you wanted to do so. I'd say, though, that most people probably wouldn't want to do that, anyway, as they're meant to be collectors items.
Quote from: JMoses24 on September 15, 2013, 06:21:29 AM
Quote from: Steve on September 13, 2013, 11:48:31 PM
The value of a coin is whatever the possessor can get from it. In a business transaction, anything presented as legal tender is valued at face value. You can conduct a business transaction with the cash register, exchanging $20 for 5 gold stellas (this is a very hypothetical scenario, of course), and it's perfectly legal as long as the stellas are in there as legal tender, and not sold as goods. Once they are in your possession, you can then seek to sell them as goods instead of offering them as legal tender. And, as happens often with old coins, someone who purchases them as goods can turn around and reoffer them as legal tender as long as they have not been altered or defaced.
Speaking of currency being sold as goods, did you know that the Bureau of Engraving and Printing does indeed sell some uncut sheets of US currency? I'm not sure if they can be re-offered as legal tender, though I'm guessing that unless there's some security features missing you could if you wanted to do so. I'd say, though, that most people probably wouldn't want to do that, anyway, as they're meant to be collectors items.
It is perfectly legal to cut up uncut sheets and spend the notes. Note that they are in a different serial number range than regular issued notes, this to prevent ne'er-do-wells from creating their own 'error' notes.
Mike
These coins would go straight to the bank at face value if I didn't buy them and they would either be sent to the mint for melting or would end up being rolled up.
KKT: I have found many interesting coins in the six months that I've been working at the store: numerous wheat pennies going as far back as 1910, almost 30 silver Roosevelt dimes going back as far back as 1946, a 1912 V nickel, a 1964 silver quarter, numerous 1965-1969 40% silver Kennedy halves, 2 90% silver Franklin halves, and several Ike dollar coins (no silver dollars yet...) I've also found some interesting foreign coins, like a Canadian penny with the King on it, a 1967 Canadian centennial penny with the bird on it, and a British half penny from 1861. There are neat coins out there, you just have to go through a lot of change or to be at the right place at the right time to find them.
I don't sell any of the coins I find, so there's no monetary gain. It's all a hobby for me.
I used to find all sorts of neat things at Burger King, though I mostly focused on paper money. Found bills as old as the 40s.
I haven't found any bills older than a Series 1969 $10 bill and I've only found a few pre-1996 $5, $10, $20, $50, bills and one $100 bill. When I buy them, I stick them back when I get them but end up spending most of them. I wasn't able to purchase the $50 or the $100 bill, but I stared at them for a few minutes. We were looking at the $50 bill when a customer overheard us and asked us about it. I showed it to him and he bought it from us. I hope he saved it.
Pile of silver dimes:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_2730_zps62ac3368.jpg&hash=cd4c5b5821d8f31a5e37db25d4d1666633540884)
Beat up silver dimes:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fdimes07032013obverse_zpsbef57678.jpg&hash=0d7fc7f2acb5c3dbc3717c66cb2bf3c303c297a0)
Silver quarter:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2F1964quarterobersecrop_zpsba449be4.jpg&hash=850abb002eb9357a81168fc19ac088a9a92de60b)
1943 steel penny (I actually bought this from a regular customer. I saw it in her hand and asked if she'd take a dollar for it and she accepted. It's probably only worth half that, but it was worth it for me.):
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fsteelpennyobverse_zpsb75c5460.jpg&hash=74b526d6002f71d82be088356803f11982fbe56b)
1861 British half penny:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_2798_zps55d1e300.jpg&hash=86a1172b863c3c955f7d0926425f56abfbe0f0af)
1912 V nickel:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_2851_zps0c9adf2c.jpg&hash=dc0f83d32f0f8b73f9452bb9caa49291360a29b4)
Franklin halves obverse:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Ffranklinhalvesobverse_zps641419d8.jpg&hash=109825733320060975d502615d4f4417a1ba804f)
Franklin halves reverse:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Ffranklinhalvesreverse_zpsb3f8783f.jpg&hash=4755477fdd4e54fff4e26aea02e5ccd00d610d80)
Weird token (does anybody have any information on this coin?):
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fweirdcoin1_zps8afc5615.jpg&hash=2a8a2a02a880e09b0e9379040449fda6e10d799f)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fweirdcoin2_zps408f4259.jpg&hash=a7dba8dd77ef7cd47651b21227805867a00ccf14)
I like to think that I'm retiring these old veterans. They put in sometimes over 100 years of service and they deserve a rest. I like to preserve them in their various conditions. I like to pull them out of circulation rather than to buy on ebay or at a coin shop. It's much more thrilling. It's like finding a treasure. I will buy coins that I could not obtain otherwise, like a 1944-D dime and a 1973-S (my birth year) 40% silver Ike dollar. I also bought a bicentennial Eisenhower dollar off ebay for my 1976 collection but I eventually found one in circulation. I hope that when I pass on that I can leave them to somebody who will appreciate them in the way I do and won't just want to sell them for a quick buck. I don't have anything that is really worth more than a few bucks, so they wouldn't get much out of them anyway.
Quote from: bugo on September 16, 2013, 01:02:09 PM
These coins would go straight to the bank at face value if I didn't buy them and they would either be sent to the mint for melting or would end up being rolled up.
KKT: I have found many interesting coins in the six months that I've been working at the store: numerous wheat pennies going as far back as 1910, almost 30 silver Roosevelt dimes going back as far back as 1946, a 1912 V nickel, a 1964 silver quarter, numerous 1965-1969 40% silver Kennedy halves, 2 90% silver Franklin halves, and several Ike dollar coins (no silver dollars yet...) I've also found some interesting foreign coins, like a Canadian penny with the King on it, a 1967 Canadian centennial penny with the bird on it, and a British half penny from 1861. There are neat coins out there, you just have to go through a lot of change or to be at the right place at the right time to find them.
I don't sell any of the coins I find, so there's no monetary gain. It's all a hobby for me.
Wow, you've done better than I would have thought. Even so, I don't think it would be worth the storekeeper's while to pay someone to find valuable coins among the change, and it is good for morale among the cashiers to let them buy them at face value.
Quote from: SP Cook on December 08, 2012, 11:57:41 AM
There is a whole group of people that are convinced that 50c pieces are somehow "collectable". Untrue. They have no value over their value as money, and, in fact, since many 100s of times of these are kept out of circulation than other coins, are likely, generations from now when they actually reach a collectable age, to be worth far less than other old coins.
There also are people that value $2 bills, "star notes" (notes where a number is replaced by a star in the serial, which is simply a part of the accounting system and has no meaning), "double Texas notes" (notes bearing the "FW" mark indicating being printed in Fort Worth rather than Washington, and being from the Dallas FR branch) and other such. None are collectable.
Sure they are. Anything that somebody collects is by definition "collectable". Older $2 bills are collected, and star notes are very sought after by collectors (I don't have any in my modest collection.) Not all coin collectors are in it for the money. I save every half dollar that I find just because I like them.
Speaking of halves, every half before 1971 is sought after simply for the silver content.
Quote from: SP Cook on December 09, 2012, 10:01:19 AM
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people. One might as well say that because a few dolts think McDonald's Big Macs are "collectable" it makes it so. The are, rather, worth whatever you local McDonald's sells them for.
You can't find half dollars at many banks. I've asked for them several times, and they said they didn't carry them. Wrong again, SP.
(https://www.aaroads.com/forum/Themes/Button_Copy/images/buttons/mutcd_merge.png)Post Merge: November 30, 2013, 04:42:43 PM
Quote from: SP Cook on July 09, 2013, 08:58:43 PM
With a bit of notice, I can have as many 50 cent pieces that I can afford to "buy", random dates from 1965-the end of production, for exactly 50 cents each.
Show me where there is a bank that keeps '65-'70 halves in stock.
Quote from: bugo on November 28, 2013, 06:40:01 AM
Quote from: SP Cook on December 09, 2012, 10:01:19 AM
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people. One might as well say that because a few dolts think McDonald's Big Macs are "collectable" it makes it so. The are, rather, worth whatever you local McDonald's sells them for.
You can't find half dollars at many banks. I've asked for them several times, and they said they didn't carry them. Wrong again, SP.
I would imagine that you could do the same song-and-dance that you have to do to get $2 bills...call in advance and have them order them from the Fed for you to pick up. Try Bank of Oklahoma–they are quite happy to order $2 bills, even if you don't have an account.
Quote from: bugo on November 28, 2013, 06:40:01 AM
You can't find half dollars at many banks. I've asked for them several times, and they said they didn't carry them. Wrong again, SP.
My bank, given two days notice, will pay my entire account in 50 cent pieces, $2 bills, SBAs or any other NON-COLLECTABLE form of US money. So will yours.
If you wish to believe that NON-COLLECTABLE money is collectable, have at it. I will gladly sell you ANY AMOUNT of 50 cent pieces for $1 each. I will make exactly 50 cents on each.
Quote from: bugo on November 28, 2013, 06:40:01 AM
Quote from: SP Cook on December 09, 2012, 10:01:19 AM
Since I, and anyone, can obtain an unlimited amount of 50c pieces at exactly 50c per at any bank, they would be extremely stupid people. One might as well say that because a few dolts think McDonald's Big Macs are "collectable" it makes it so. The are, rather, worth whatever you local McDonald's sells them for.
You can't find half dollars at many banks. I've asked for them several times, and they said they didn't carry them. Wrong again, SP.
Most banks will have small quantities of half dollars, dollar coins, $2 bills, etc, just through normal transactions. If you want to purchase large quantities, you can do that as well - it'll just take a few days at most for the money to come in. Same holds true for foreign currency - if I went to my local bank and wanted euros, pesos, etc., I can easily do that as well. Exchange rate may not be the best, but it'll probably be better than what I can get at the airport.
Quote from: SP Cook on November 29, 2013, 07:02:23 AM
Quote from: bugo on November 28, 2013, 06:40:01 AM
You can't find half dollars at many banks. I've asked for them several times, and they said they didn't carry them. Wrong again, SP.
My bank, given two days notice, will pay my entire account in 50 cent pieces, $2 bills, SBAs or any other NON-COLLECTABLE form of US money. So will yours.
If you wish to believe that NON-COLLECTABLE money is collectable, have at it. I will gladly sell you ANY AMOUNT of 50 cent pieces for $1 each. I will make exactly 50 cents on each.
Are you saying that NOBODY collects half dollars? If not, then they are collectable. You obviously know nothing about the coin collecting hobby. You probably say the bicentennial quarter is not collectable, even though I have over 200 of them saved up. They might not be worth much more than face value, but that doesn't mean they're not collectable.
(https://www.aaroads.com/forum/Themes/Button_Copy/images/buttons/mutcd_merge.png)Post Merge: December 01, 2013, 07:11:21 AM
Quote from: SP Cook on November 29, 2013, 07:02:23 AM
If you wish to believe that NON-COLLECTABLE money is collectable, have at it. I will gladly sell you ANY AMOUNT of 50 cent pieces for $1 each. I will make exactly 50 cents on each.
A coin has to be worth double its face value to be collectable? Where did you get that arbitrary number?
I have in my possession a circulated 1942 Mercury dime. Unfortunately it's not the double-stamped 1 over the 2 over the date, which would skyrocket its value. But I was wondering what it might be worth.
Quote from: bugo on January 16, 1970, 07:57:08 PM
A coin has to be worth double its face value to be collectable? Where did you get that arbitrary number?
OK I will gladly sell you any amount of 50 cent pieces for the specially today only price of 51 cents each.
I still make a cent profit each. By selling non-collectable items in eventually lunlimited supply for more than the actual value.
Quote from: SP Cook on December 07, 2013, 08:03:26 AM
Quote from: bugo on January 16, 1970, 07:57:08 PM
A coin has to be worth double its face value to be collectable? Where did you get that arbitrary number?
OK I will gladly sell you any amount of 50 cent pieces for the specially today only price of 51 cents each.
I still make a cent profit each. By selling non-collectable items in eventually lunlimited supply for more than the actual value.
I would gladly take that deal for the dates I'm missing. Clearly you don't understand what it means to be a collector.
Quote from: Road Hog on December 07, 2013, 05:08:25 AM
I have in my possession a circulated 1942 Mercury dime. Unfortunately it's not the double-stamped 1 over the 2 over the date, which would skyrocket its value. But I was wondering what it might be worth.
According to http://www.coinflation.com (scroll down a bit), as of market close on Friday, it's metal is now worth $1.407 (1407% of 'face' for pre-1965 USA 'silver').
:nod:
Yes, that's how much the Dollar has been inflated since then.
:banghead:
Mike
You know, I don't think I've seen any of those "someone just found some old US coins once thought lost-to-history, so now you can buy from us some legal tender (in Liberia) reproductions that we don't really say are reproductions but we don't say they aren't either and there's a strict limit of five per call because they're going to be so popular" commercials in a while...
Wait, is Liberia one of the countries that had its government overthrown in the "Arab Spring"?
Quote from: SP Cook on December 07, 2013, 08:03:26 AM
Quote from: bugo on January 16, 1970, 07:57:08 PM
A coin has to be worth double its face value to be collectable? Where did you get that arbitrary number?
OK I will gladly sell you any amount of 50 cent pieces for the specially today only price of 51 cents each.
I still make a cent profit each. By selling non-collectable items in eventually lunlimited supply for more than the actual value.
I'll happily pay you 51 cents for pre-1970 halves and $1 for pre-1964 halves.
Quote from: Road Hog on December 07, 2013, 05:08:25 AM
I have in my possession a circulated 1942 Mercury dime. Unfortunately it's not the double-stamped 1 over the 2 over the date, which would skyrocket its value. But I was wondering what it might be worth.
Probably worth a buck or so. I gave less than $3 for an uncirculated 1944 dime.
Quote from: bugo on July 08, 2013, 01:23:59 PM
I see a lot of 1965 quarters and dimes. I see quite a few from 65-69, but I haven't seen a silver quarter in years. I've found 24 silver dimes in the last month.
Update: I found a silver 1964 quarter and a 40% silver bicentennial quarter. My coworker found 4 silver quarters and gave me 2 of them, both nice 1964s.
SP: Read this article:
http://www.collectorscorner.org/pocket.html
Scroll down to "halves".
Quote from: vtk on December 07, 2013, 01:12:11 PMWait, is Liberia one of the countries that had its government overthrown in the "Arab Spring"?
No - it's not Arab and it had its civil war earlier.
Not that there's much money in Liberia...
Quote from: bugo on November 28, 2013, 06:27:21 AM
Sure they are. Anything that somebody collects is by definition "collectable". Older $2 bills are collected, and star notes are very sought after by collectors (I don't have any in my modest collection.) Not all coin collectors are in it for the money. I save every half dollar that I find just because I like them.
UPDATE: I found 2 $1 star notes last week.
Liberia is in west Africa. It was founded in the 1840s by returned American slaves who mimiced US institutions (civil, religious and fraternial) and dominated the 90% native population until overthrown in the 1980s. Since then the place has been in pretty much prepetual civil war. It is not Arab, nor muslim, nor related to the "Arab Spring".
The coin deal there was run by an outfit called "American Mint". They make contracts with tiny countries to produce stamps and coins that are, at least technically, legal tender in those countries. They then puff up the value with infomercials. The coins and stamps have generally never even been in the country involved. In addition to Liberia, they have used Palau, the NMI, the Cook Islands, and others.
Quote from: SP Cook on December 29, 2013, 07:04:55 AM
The coin deal there was run by an outfit called "American Mint". They make contracts with tiny countries to produce stamps and coins that are, at least technically, legal tender in those countries.
Similarly, one of San Marino's biggest revenue generators is supposedly postage stamps. I think Hungary was another nation who made some really nice-looking stamps that would commemorate just about anything. Wasn't long before the USPS followed suit...choice of Elvis, anyone?
Most coin collectors are quite aware of the American Mint or Franklin Mint...they prey on folks who will either collect a type of item based on its subject, or those who just collect stuff because they like to waste money. And yet, there's some who will buy a coin because they really like the artwork, or collect coins from a certain nation, et cetera. Not everyone's in it for the projected value of it all.
Quote from: formulanone on December 30, 2013, 01:49:42 PM
Wasn't long before the USPS followed suit...choice of Elvis, anyone?
They did Elvis back when the first-class rate was only 29 cents IIRC. I still have one of those stamps.
Not too soon for USPS to try again, huh?
I have a group of coins that is separate from the other coins I have, and it has a theme: One of each number denomination, from different countries.
I don't know where it is right now (I looked for 10 minutes), but I remember some of what's in there.
In addition to the normal 1/2, 1, 2, 5, 10, 20, 25, 50, and 100, I have these:
1/12 from India.
An American quarter for 1/4. It says "Quarter Dollar", not "25 cents", so it counts as a denomination of 1/4.
2 1/2 centimes from Luxembourg, 1901.
3 is produced in several countries. I chose Cyprus.
Sixpence.
8 doubles from Guernsey.
15 from Russia. (Russia also produces 3 and 30, but I can't have more than one of the same country.)
60 from I forget what country.
200 cash (very old coin). Not sure of the country.
500. It may be 500 yen from Japan, 1981. (I know I own that. It's worth $6 face value! Can it still be used?)
1000 from either Indonesia or Turkey.
Turkey had ridiculous inflation.
The numbers 100+ are always either during inflation or with a country that doesn't have a bigger unit.
Stil looking for 4 (this is a low-price collection, no silver 4 pence. Anyway, England is already used.) Also looking for 1/10, 1/3, 1 1/2, 30 (can't use Russia twice), 40, 150, and 250, as well as others that are very unusual.
The groat (https://en.wikipedia.org/wiki/Groat_(coin)) (4 pence) might be your best chance.
"one dime" can count as a 1/10, as dime is derived from a latin word for a tenth portion. however, since you already have the US, you would need to find a new jurisdiction for the 1/4 or the 1/10.
the 1000 from either Indonesia or Turkey - both countries use the Roman alphabet, so for a low-cost modern bill it should be fairly straightforward to identify who issued this one. I don't think Ottoman Turkish banknotes came in 1000 denomination - and if they did, they'd be surely quite rare.
as for a 250, here is a banknote from Georgia for under $4, shipped. I'll bet with a bit of research you can find one even cheaper.
http://www.ebay.com/itm/Georgia-250-Coupons-Laris-1993-P-43-UNC-07124865-/380807391966?pt=Paper_Money&hash=item58a9e3aade
leave it to a country who uses a non-Roman alphabet to put their numbers in Arialveticverstesk!
Quote from: agentsteel53 on December 30, 2013, 05:04:29 PM
the 1000 from either Indonesia or Turkey - both countries use the Roman alphabet, so for a low-cost modern bill it should be fairly straightforward to identify who issued this one. I don't think Ottoman Turkish banknotes came in 1000 denomination - and if they did, they'd be surely quite rare.
If I saw it, I would know. I can't find it right now.
Quote from: 1 on December 30, 2013, 03:06:22 PM
200 cash (very old coin). Not sure of the country.
Pic?
Quote from: agentsteel53 on December 30, 2013, 05:06:32 PM
as for a 250, here is a banknote from Georgia for under $4, shipped. I'll bet with a bit of research you can find one even cheaper.
http://www.ebay.com/itm/Georgia-250-Coupons-Laris-1993-P-43-UNC-07124865-/380807391966?pt=Paper_Money&hash=item58a9e3aade
leave it to a country who uses a non-Roman alphabet to put their numbers in Arialveticverstesk!
Speaking of Georgia and inflation, I have a Confederate Banknote from Georgia for $0.25. It's probably as worthless as it was when it was printed (1863), but I keep it in a frame. The oldest coin I have collected organically (i.e. found) is an Indian Head penny from 1881.
Quote from: Steve on December 30, 2013, 06:41:09 PM
Quote from: 1 on December 30, 2013, 03:06:22 PM
200 cash (very old coin). Not sure of the country.
Pic?
This one, found on Google Images, looks just exactly like mine, except the color is slightly different.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Ft3.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcSjL4pE1OIuWJ-6YSnpENMLLPZsNHMV9unGXHhnabblYfNyTmxabQ&hash=2009c13fdaa1270b3e272bf5fcbb9efaba9afae7)
Quote from: 1 on December 30, 2013, 06:43:35 PM
Quote from: Steve on December 30, 2013, 06:41:09 PM
Quote from: 1 on December 30, 2013, 03:06:22 PM
200 cash (very old coin). Not sure of the country.
Pic?
This one, found on Google Images, looks just exactly like mine, except the color is slightly different.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Ft3.gstatic.com%2Fimages%3Fq%3Dtbn%3AANd9GcSjL4pE1OIuWJ-6YSnpENMLLPZsNHMV9unGXHhnabblYfNyTmxabQ&hash=2009c13fdaa1270b3e272bf5fcbb9efaba9afae7)
So then the site it came from will have the answer!
It's from China, and it's worth more than I thought.
Quote from: formulanone on December 30, 2013, 01:49:42 PM
Quote from: SP Cook on December 29, 2013, 07:04:55 AM
The coin deal there was run by an outfit called "American Mint". They make contracts with tiny countries to produce stamps and coins that are, at least technically, legal tender in those countries.
Similarly, one of San Marino's biggest revenue generators is supposedly postage stamps. I think Hungary was another nation who made some really nice-looking stamps that would commemorate just about anything. Wasn't long before the USPS followed suit...choice of Elvis, anyone?
Most coin collectors are quite aware of the American Mint or Franklin Mint...they prey on folks who will either collect a type of item based on its subject, or those who just collect stuff because they like to waste money. And yet, there's some who will buy a coin because they really like the artwork, or collect coins from a certain nation, et cetera. Not everyone's in it for the projected value of it all.
I believe the Principality of Sealand sells stamps and coins, if you want something odd.
Quote from: 1 on December 30, 2013, 03:06:22 PM1000 from either Indonesia or Turkey.
Turkey had ridiculous inflation.
If it is Turkish, the denomination will be given in writing as "Bir bin lira" and the front will likely have a portrait of Atatürk while the back shows a Turkish prestige project of some kind--the Çanakkale memorial, Şanlıurfa dam, that sort of thing. But this note will not be a recent issue since the exchange rate was already 10,000 lira to the US dollar by 1980. When a friend and I travelled to Turkey in 2000, one-million-lira banknotes were in wide circulation, and we had to learn to read the denominations in Turkish since that was easier than counting zeroes (thousands separators were not used). The key vocabulary was
bir = one,
iki = two,
bes = five,
on = ten,
yüz = hundred,
bin = thousand,
elli = fifty,
milyon = million.
I think I still have some Turkish banknotes in an envelope somewhere . . .
I own a 1000 coin from both Indonesia and Turkey. I'm just not sure which one is with this set of coins.
I've found 3 star notes in the last week, 2 $1 bills and a $5.
I received a Series 1969C $10 bill tonight and last week, my mom received a Series 1990 $20 bill. You forget how ugly our current bills larger than $2 are until you see the handsome old designs.
Quote from: The High Plains Traveler on December 08, 2012, 11:29:10 AM
When I was a kid, Franklin 50 cent coins were as common as other change. After JFK's assassination, Congress quickly moved to remove Franklin and replace him with Kennedy. I guess for a while the Kennedy half dollars were treated by the public as commemorative coins rather than common currency, and they fell out of use. I can't remember the last time I saw one. As the point above was made, up until the 1930s we had coinage worth many dollars at a time when that was real money, and now our coinage effectively stops at a quarter dollar. I am personally all for the dollar coin, as I've seen how convenient it is in other countries that use coins for their main unit of currency.
The Kennedy halves as commemorative coins hypothesis is true. The 1964s were the only 90% silver Kennedy halves that were minted for circulation. After the silver content for 1965 was lowered to 40% then the Franklins began to disappear. 1970 was the last year halves contained silver and were not minted for circulation.
Somebody will occasionally spend halves at the store where I work. I've even gotten 3 Franklin halves. I have gotten into the habit of asking cashiers if they have any halves and sometimes they will have a couple. I scored a 1968 40% silver half this way.
I see so many star notes now (that happens when you're dealing with five digits for your opening drawer amount) they fail to register, but I have noted that the 2009 $100s are an excellent series for stars.
More noticeable to me is the gradual changeover from Series 2009 to Series 2013, since Jack Lew's signature catches my eye since it still seems out-of-place. Along with this is the tail end of Series 2009, which went on for long enough to feature some unusually high block letters (the last letter in the serial number) in the $1s from district L. The L...W block, which was the last block printed for district L, has been circulating here. For comparison, Series 2006 only reached L...S and 2003A reached L...Q. (The last series to exhaust block letters was Series 1995, which ran district L all the way up to the end of Y, which is the last block letter, as Z is reserved for testing purposes. To compensate, San Francisco was sent notes from district I, which had block letters to spare.)
When I get halves, I disburse them as soon as able. Most people like them since they take up less space than two quarters, and they're annoying to deal with at end-of-shift countdown (I have to account for halves, dollar coins, and twos in one box that says "Miscellaneous").
If you're in a casino and it's not crazy busy, asking the cashier if they have anything interesting can be fruitful–we see so much cash that sheer probability dictates something interesting has come through, and older bills are usually set aside since the slot machines won't take them. I am happy to sell them to customers that won't gamble them away because I am not allowed to buy anything out of my own drawer.
A few days ago I was counting a stack of $1s and for some reason I noticed something "off". I fixated on the signature which was different than what I was used to seeing and looked a little closer and noted that it was a Series 1974. Last night I saw the obverse of a penny and saw the date, even though it was too far away to read. I thought "that looks like a wheat" and sure enough, it was a 1951-S. I'm starting to subconsciously note differences in money that I don't consciously think about.
Quote from: Scott5114 on July 06, 2014, 03:24:23 AM
If you're in a casino and it's not crazy busy, asking the cashier if they have anything interesting can be fruitful–we see so much cash that sheer probability dictates something interesting has come through, and older bills are usually set aside since the slot machines won't take them. I am happy to sell them to customers that won't gamble them away because I am not allowed to buy anything out of my own drawer.
Is there anybody you know that could come in and buy the coins that you have found and then sell them to you at face value plus a small fee for going to the trouble? Maybe I should make friends with some of the cashiers at the local casinos.
Quote from: bugo on July 06, 2014, 06:10:32 AMI'm starting to subconsciously note differences in money that I don't consciously think about.
You can kind of visibly spot pennies which have a higher copper content, the odd 1943 manganese-nickels (when they wear somewhat, they almost appear like a dull chrome), and odd 1960s paper money (which seems to be less pliant). Haven't worked around cash tills in many years, so I miss out unless I can see anything odd...so many credit card transactions kind of makes this disappear from my life over the years.
Just saw the new $100 bills last week, and the purple really stands out...in an ugly way. But if this is what it takes to deter counterfeiting, what can you do?
Quote from: bugo on July 06, 2014, 06:33:11 AM
Quote from: Scott5114 on July 06, 2014, 03:24:23 AM
If you're in a casino and it's not crazy busy, asking the cashier if they have anything interesting can be fruitful–we see so much cash that sheer probability dictates something interesting has come through, and older bills are usually set aside since the slot machines won't take them. I am happy to sell them to customers that won't gamble them away because I am not allowed to buy anything out of my own drawer.
Is there anybody you know that could come in and buy the coins that you have found and then sell them to you at face value plus a small fee for going to the trouble? Maybe I should make friends with some of the cashiers at the local casinos.
Yes, I know some of the floor staff, so I could make an arrangement like that, but I have yet to find anything worth going through the trouble for. There was a Series 1950-something $5 (whichever one is Priest-Humphrey), but I already have that series, so my boss claimed it.
I have found several war nickels. I found a 1942-S a couple of weeks ago that is at least XF if not AU condition. I also pulled a 1943-P out of a roll about 3 weeks ago.
Yesterday I took in a $50*, a Series 2009 $2**, and a 1976 half dollar. I was able to successfully disburse them all.
*Somehow, an idiot was able to convince everyone that $50s are bad luck. Therefore, we don't carry them in our starting bank, and the only ones we see are people changing them in for other denominations, usually because they are "bad luck". I don't subscribe to this hogwash, and try to get them back out there, which can be kind of difficult, since idiots will often refuse them. My most successful tactic is to tack them onto the end of a jackpot, because a slot attendant is the one that actually pays the customer, and if customer doesn't want the $50, they will usually just give it to the attendant as a tip.
**Disbursing a $2 is probably something that shouldn't be done because many slot machines are configured to reject them for some reason. It's a shame to let perfectly good $2s just sit in the vault until they get shipped off to the bank, though.
Fifty dollar bills are shunned by most people because it's commonplace, expecially in many urban areas, for stores to not accept them. Apparently the denomination is a favorite of counterfeiters.
Over the weekend a friend of mine sent me an e-mail containing the following link to a discussion of an old Canadian coin: http://www.johnwinter.net/jw/2014/07/unique-canadian-coin/#more-22765
It contains the following question:
QuoteI'm not a numismatist but I'd be interested to know whether this is the only coin ever to have used three different languages for its inscriptions: Latin, English, and Morse code. Rather unusual, don't you think?
I immediately thought of the Alabama state quarter issued as part of the "50 State Quarters" program since it uses Latin, English, and Braille. Upon reflection, though, I'm not sure Braille qualifies as a language. But as I think about it further, it prompts me to think of the Hawaii, Puerto Rico, Guam, and American Samoa quarters, all of which use Latin, English, and a third language (Hawaiian, Spanish, Chamorro, and Samoan, respectively).
Quote from: roadman on July 07, 2014, 02:54:52 PM
Fifty dollar bills are shunned by most people because it's commonplace, expecially in many urban areas, for stores to not accept them. Apparently the denomination is a favorite of counterfeiters.
The most commonly faked denomination is the $20, because it is so readily accepted and usually not scrutinized as closely as the $100.
When $50s are shunned, it's most often for the same reason as the $100–because the business does not want to carry change for it, or because it represents too much of a theft risk. Neither of these make much sense anymore; these days a $50 gets you barely any change when you buy a tank of gas. ATMs usually dispense $20s, so any business is bound to take in many of them over the course of the day, and they can be used to break a $50 or $100 (and if a $50 is taken in, it can be used to break the $100, of course).
None of this makes any sense with the casino patrons, though–people will often readily accept $100s, but not $50s, simply because of the "bad luck" myth. (The transactions we're talking about are often range up to $1,000.)
Quote from: 1995hoo on July 07, 2014, 03:18:57 PMUpon reflection, though, I'm not sure Braille qualifies as a language.
I think that if Braille counts, then so does Morse Code, and vice versa. both are representations in 1:1 correspondence with the letters A-Z.
Neither Braille nor Morse Code are languages. They just represent the alphabet, digits, and a few other symbols, and could be used for any Roman-alphabet language.
^^ are there braille / morse symbols for the accented characters that many languages (basically all European ones except English) use to extend the Latin alphabet?
Quote from: english si on August 05, 2014, 05:22:21 AM
^^ are there braille / morse symbols for the accented characters that many languages (basically all European ones except English) use to extend the Latin alphabet?
I believe there are, but I don't think they're Internationally recognized.
Quote from: english si on August 05, 2014, 05:22:21 AM
^^ are there braille / morse symbols for the accented characters that many languages (basically all European ones except English) use to extend the Latin alphabet?
I'm not sure about Morse, but Braille certainly has language variants, including accents or different letters as necessary. French Braille existed before all others. There are currently at least two different English Braille standards, though the differences are in advanced features like punctuation and word contractions, not the basic alphabet.
I finally got the protocol down for buying stuff from your own drawer (which basically involves selling it to a supervisor and then buying it from the supervisor) so I was able to snag this $10 over the weekend. I bought the $20 from another cashier.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FKqyrGps.jpg&hash=1ad7091198274d00c8717844c384a07d98c127a2)
Also, we had some counterfeits brought in recently–a $50 and a $10. The $50 was the more obvious of the two–it felt like copy paper–but both were missing the watermark and security strip. The $10 had an obvious ink blotch on the back where it looked like it had gotten wet and the ink had run. The person passing the $50 claimed to have gotten it at a casino in Holdenville–which I think has no casinos, and even if they did most casinos don't carry $50s–and the person passing the $10 claimed to have gotten it from our East cashier cage the day before. Fat chance, since I was the one in that cage then, and I check all my money for counterfeits religiously!
Um, what the hell have they done to the $100 bill?
Had to go to the bank to get some cash for a critical need and I asked for hundreds, when I got them I started looking at the newest bills and went...what? OK, the last redesign they did I was cool with just a splash of color, but THIS...I'm sorry, but to me it was way over the top.
WTF, over?
Don't worry, it will be even uglier ten years from now, when they need to add even more security measures.
Quote from: Scott5114 on August 05, 2014, 03:00:51 PM
I finally got the protocol down for buying stuff from your own drawer (which basically involves selling it to a supervisor and then buying it from the supervisor) so I was able to snag this $10 over the weekend. I bought the $20 from another cashier.
It's good that you figured out how to buy money from your drawer. I have a Series 1969A $10 bill in my collection. I find it surreal that John Connally's name is on the bill considering that he was in the car JFK was killed in and was shot on that same day.
I have a 50 cent coin in my possession along with a few $2 bills.
Quote from: bugo on August 06, 2014, 09:03:30 PM
Quote from: Scott5114 on August 05, 2014, 03:00:51 PM
I finally got the protocol down for buying stuff from your own drawer (which basically involves selling it to a supervisor and then buying it from the supervisor) so I was able to snag this $10 over the weekend. I bought the $20 from another cashier.
It's good that you figured out how to buy money from your drawer. I have a Series 1969A $10 bill in my collection. I find it surreal that John Connally's name is on the bill considering that he was in the car JFK was killed in and was shot on that same day.
Connally actually became Treasury Secretary after all that happened. One of the fun things about U.S. currency is the signatures, which carry all sorts of history and interesting personal tidbits. Mary Ellen Withrow liked to attend numismatic events during her term of office and sign people's money a second time. Series 1993's Lloyd Bentsen was formerly a long-serving senator from Texas. Series 1989A's Catalina Villalpando is the first person whose signature has appeared on money to be sent to prison. Series 1981's Angela M. Buchanan is Pat Buchanan's sister. Ivy Baker Priest's daughter played Marilyn Munster on The Munsters. W.A. Julian, the last male Treasurer, died in a car crash while he was still in office, necessitating his replacement by Georgia Neese Clark, the first female Treasurer.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fwww.imgur.com%2FxqnDBL1.jpeg&hash=a2dac6493cb0026f4aac30508c9a4a1644c2525c)
This is a first for me: a 1897 Indian Head penny, from a roll of pennies from the bank.
Kazakh 2 tenge bill. I like how it appears to be designed by Alex Grey, especially the reverse (or is that the obverse?) around the "2". I got it off of ebay.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3575_zpsf8c1c6e7.jpg&hash=45f9d475d54a369d26a62539846b4cb34a367f0a)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3572_zps48e0024c.jpg&hash=50169eba00eb0b59da48a1e5d74164953db9bb89)
Quote from: Scott5114 on August 15, 2014, 09:05:03 PM
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fwww.imgur.com%2FxqnDBL1.jpeg&hash=a2dac6493cb0026f4aac30508c9a4a1644c2525c)
This is a first for me: a 1897 Indian Head penny, from a roll of pennies from the bank.
Congrats on a nice find. I pulled a 1909-VDB penny out of a roll I got at the bank a few weeks ago.
I just got back from a week and a half in Canada. As I expected, pennies have almost completely disappeared from circulation up there. But in Yellowknife, a gas station had a "take a penny, leave a penny" dish, and the cashier let me buy up most of the pennies in her dish. The next morning, I found a penny in the McDonald's parking lot, which of course I picked up (I need the exercise, anyway). Sixteen pennies, saved from the Royal Canadian Mint's smelters. :) The majority were pre-1997 mostly-copper pennies, which like pre-1982 U.S. pennies are worth more than face value.
Passing through the Montreal airport at the start of my trip, much of the change I got at restaurants was U.S. quarters, dimes, and nickels, presumably left by other U.S. travelers even though the airport's shops give an unfavorable exchange rate on U.S. money. (No such luck on my return trip through the Toronto airport.) Since the U.S. dollar is currently worth a little more than the Canadian dollar, and I had plenty of Canadian money to use for my own purchases, I kept the U.S. coins to bring back across the border at the end of my trip.
I was at McDonald's yesterday, and I paid for an ice cream cone with a dollar bill. My change was two quarters and a penny, and I put the latter in the little donation box. Then I noticed the quarters both featured Arches Nat'l Park.
Arches. Golden arches. McDonald's. Mildly amusing coincidence.
Quote from: oscar on August 20, 2014, 11:59:19 AM
I just got back from a week and a half in Canada. As I expected, pennies have almost completely disappeared from circulation up there. But in Yellowknife, a gas station had a "take a penny, leave a penny" dish, and the cashier let me buy up most of the pennies in her dish. The next morning, I found a penny in the McDonald's parking lot, which of course I picked up (I need the exercise, anyway). Sixteen pennies, saved from the Royal Canadian Mint's smelters. :) The majority were pre-1997 mostly-copper pennies, which like pre-1982 U.S. pennies are worth more than face value.
my story with remote Canada involves receiving a dime in change in Whitehorse. a 1944 silver dime with King George. I still have it in my wallet; I tell people that they haven't received a new shipment of coins since 1944.
Quote from: vtk on August 20, 2014, 09:02:33 PM
I was at McDonald's yesterday, and I paid for an ice cream cone with a dollar bill. My change was two quarters and a penny, and I put the latter in the little donation box. Then I noticed the quarters both featured Arches Nat'l Park.
Arches. Golden arches. McDonald's. Mildly amusing coincidence.
Would not shock me if that McDonald's was able to order a supply of the Arches quarters from its bank. But if the whole chain did it, that might outstrip the U.S. Mint's production of those quarters.
Quote from: oscar on August 20, 2014, 11:59:19 AM
I just got back from a week and a half in Canada. As I expected, pennies have almost completely disappeared from circulation up there.
Yes the pennys been gone from here for over a year now but there are still people complaining they are being ripped-off by rounding. I'm just glad to see it gone and it all averages out. The max you would ever lose is 2 cents no matter how large a transaction.
For example if something is 4.08 or 4.09 it would be rounded up to 4.10 but if it was 4.06 or 4.07 it would be rounded down to 4.05. And that is only if paying cash. Credit or Debit are still for the actual amount.
There was a woman tourist ahead of me at a convenience store this morning saying she has been ripped-off since she arrived in Canada but did admit to the cashier it has also worked in her favour. He finally gave here 5 cents for the two cents actually owed.
I've often wondered if there are more Canadian pennies circulating in the US today than there are in Canada. I often find Canadian pennies in circulation and at work. I sometimes buy boxes of circulated pennies to seach for wheats and other interesting coins, and I usually average maybe 5 per box which equals 1 every 5 rolls. I live way down in Oklahoma but I imagine there is much more Canadian money circulating in states like New Hampshire, Minnesota and Montana than down here.
I've had a good weekend. Picked up a 1963A $50 (the customer who cashed it in had two 1963As and two 1969s but I'm not really into $50s so I just took the better of the 63As), a 1950 $20, and another $20 of whatever series has Bañuelos/Schultz as the signatures.
Edit: I'm home now, so images:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FVyIg6IS.jpg&hash=a90c5fca7acb9e7fb1d8eae8788dec073e85b02f)
I screwed up on the $50. After I bought that one I realized that one of the 1969s was a star note. Blah!
There is a small convenience store in the apartment complex I used to live in. I got to know the owner while I lived there, and he stuck back any coin larger than a quarter that he received for me. I got lucky and got a 40% Kennedy (1968) one day and I got an Ike but it was mostly post-1970 halves that he stuck back for me. Today I was visiting my friend who still lives in that complex and walked to the store to buy a Coke. The owner wasn't there, instead a woman was working there. I heard her talking to another lady behind the counter and it was obvious her English wasn't very good. She rang up my Coke and I asked her if she had any "big coins" and she said "yes". I thought she just didn't understand me at first. I was thinking maybe she had a clad Kennedy or possibly an Ike if I was lucky. She pulled out a large coin and my heart started racing. I thought it was an Ike (which would have still made me happy) but my jaw hit the floor when I saw that it was an 1884-O Morgan! I said "I want it!" and gave her 4 quarters for it. It is obviously nowhere near AU condition but has a tad bit of yellowish toning. This beats any of the finds I made at my old job at the convenience store by a long shot. I'm still in shock but I'm buzzing. I'm guessing it's VF or XF, what do you think? Is it worth from $30-$40? This was the find of a lifetime.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3910_zps317c8420.jpg%3Ft%3D1417745921&hash=d632f249cb7ab9f7f0e2b1a996820975ff0c90ff)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3916_zpsa59df177.jpg%3Ft%3D1417832205&hash=ec61b295ea9aad30c4cc9667dde8d4ce08212a76)
Morgans seem to be going around. A fellow cashier at the casino had someone trade a 1900S in for a dollar bill to gamble with. Needless to say I'm jealous of both of you.
I don't usually collect based on the serial number (my goal is to get a star note of each small-size series, or barring that, just a note of each series) but this was too nifty to pass up.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FyyW6VoX.jpg&hash=a42ae2feb5327faffc6f438c72e9af1eb0902774)
Nice radar note! (not counting the letters)
Quote from: Scott5114 on December 07, 2014, 04:17:58 AM
I don't usually collect based on the serial number (my goal is to get a star note of each small-size series, or barring that, just a note of each series) but this was too nifty to pass up.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FyyW6VoX.jpg&hash=a42ae2feb5327faffc6f438c72e9af1eb0902774)
Nice radar.
Last week I was in Mena visiting family. One of my grandmother's friends knows I collect coins and she gave me an old coin a few months ago. I had 2 1972 Israeli mint sets so I decided to give her one of them and when she came over to get it she mentioned that she had a silver certificate and went and got it. She said she gave $4.50 for it at a flea market and said she would let me have it for what she gave for it, but I went ahead and gave her $5. I was admiring the bill's handsomeness when I noticed that it was a star note! I excitingly told her it was a star note and explained to her what a star note is. It's not in the greatest condition but it's a Series 1935C silver certificate star note. I don't know if I got a good deal on it or not but I'm happy with it for what I paid for it. I got it on my birthday, so I consider it a birthday gift that I bought for myself. As it's a pre Series 1957, it doesn't have the god shit on the reverse which is a bonus. The bill looks much more balanced without that stupid motto.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3847_zps607d1e09.jpg&hash=f9e239d08ef9782cb0535f46b0178af86e3cac12)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3854_zps9de59c37.jpg&hash=ebe161dd0cbc4fdb5d89ceb4c19432652fd297a9)
I took some better pictures of my bargain Morgan. It is more silvery and less gold than it looks in these pictures, but it does have some nice yellow toning. I posted the pictures to a coin forum and several posters said it was probably an AU, possibly around a 53. If not for the nasty scars on her cheek it might be even higher. I still can't believe I got it at face value. A deal that even SP Cook couldn't pass up...
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3924_zps3149062a.jpg&hash=dcf933a8f80c4217f5761163d5083b64d8f9661c)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2F876d4ffc-a501-4e3a-9b45-6716b91b0ffe_zps4a8218d9.jpg%3Ft%3D1417922610&hash=5716daa83aaeee26921d582f98aa12dc01a4fac0)
There is a small convenience store near where I live. I got to know the guy who runs it, and he agreed to stick back any "large coins" (half dollars and larger) for me. One day I got an Ike, and another day a 40% silver half dollar. Last month I went in there and he wasn't working, but this lady who didn't seem to speak great English was there. I asked her if she had any "big coins" and she said "yes". I didn't think she understood me but she pulled out a big dollar coin. At first I thought it was an Eisenhower dollar but imagine my surprise when she handed me an 1884-0 Morgan silver dollar in AU condition! I paid face value for it. I've already been offered $50 for it but I declined. Finding a coin like this in circulation is priceless.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2F1884-Omorganobverse_zps7c948573.jpg&hash=00b81eefca4432e0e1a68bdc2e25c4f07f9bf62b)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2F1884-Omorganreverse_zps30827713.jpg&hash=4ed99ac78bc1d8db67f12f80b50bd07bfc06d49e)
Today's find:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FQ6Dv9ro.jpg&hash=11d98d9bde44ff195e6a6c755d7ccca6e06c7209)
This the oldest star note I own now. Unfortunately there's a tear about 1 cm long coming down from the top. Still pretty impressive that a star note could last for this long in circulation.
I got this on my birthday.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_3847_zps607d1e09.jpg&hash=f9e239d08ef9782cb0535f46b0178af86e3cac12)
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
Quote from: bugo on March 04, 2015, 05:09:59 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
And the dime, quarter, half dollar, and dollar were still silver at that time in Canada.
Quote from: florida on December 28, 2012, 05:53:30 AM
I regularly go through rolls of nickels and pennies looking for old dates and die varieties. Two of the most recent "funny money" finds would be an Indian Head Cent and a dateless San Francisco minted Buffalo Nickel (later revealed to be from 1921 after some acid treatment).
I do the same. I've found an Indian head penny and a 1909 VDB penny. The 1909 was minted in Philadelphia and is worth somewhere around $10-$15. If it were a San Francisco minted coin it would be worth hundreds of dollars.
Quote from: Molandfreak on February 26, 2013, 10:27:26 AM
Quote from: mgk920 on February 26, 2013, 10:13:56 AM
OTOH, according to that linked article, the lowest-value coin with the highest buying power is currently from Norway (1 Krone).
Norwegians are smart! They got rid of the ore coins a long time ago because they were worthless
The silver ones aren't...
Quote from: 1995hoo on May 26, 2013, 01:12:41 PM
The ATM at the Citibank near my old office in DC dispenses $50s. Quite useful if you need to withdraw over $200.
The worthless thing I paid a decent sum for was paying $50 to get a Zimbabwean $100,000,000,000,000 bill that was worth less than $10 USD at the time.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F3%2F3e%2FZimbabwe_%2524100_trillion_2009_Obverse.jpg%2F640px-Zimbabwe_%2524100_trillion_2009_Obverse.jpg&hash=72a1b74e847ce4eb18d7e53bc68c12f1dcb27502)
I paid less than $5 for mine.
Quote from: 1 on March 04, 2015, 06:08:45 AM
Quote from: bugo on March 04, 2015, 05:09:59 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
And the dime, quarter, half dollar, and dollar were still silver at that time in Canada.
1967 was the last year of silver in Canadian coins. Dimes and quarters contained either 50 or 80% silver. I am not sure if there's a way to tell them apart.
Quote from: bugo on March 04, 2015, 06:40:00 AM
Quote from: 1995hoo on May 26, 2013, 01:12:41 PM
The ATM at the Citibank near my old office in DC dispenses $50s. Quite useful if you need to withdraw over $200.
The worthless thing I paid a decent sum for was paying $50 to get a Zimbabwean $100,000,000,000,000 bill that was worth less than $10 USD at the time.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F3%2F3e%2FZimbabwe_%2524100_trillion_2009_Obverse.jpg%2F640px-Zimbabwe_%2524100_trillion_2009_Obverse.jpg&hash=72a1b74e847ce4eb18d7e53bc68c12f1dcb27502)
I paid less than $5 for mine.
So? I bought mine from a guy in Harare right when the currency collapsed. Figured he needed the $50 more than I did.
Quote from: bugo on March 04, 2015, 07:40:49 AM
Quote from: 1 on March 04, 2015, 06:08:45 AM
Quote from: bugo on March 04, 2015, 05:09:59 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
And the dime, quarter, half dollar, and dollar were still silver at that time in Canada.
1967 was the last year of silver in Canadian coins. Dimes and quarters contained either 50 or 80% silver. I am not sure if there's a way to tell them apart.
Nope. 1968 was the last year for silver in Canadian coins.
Quote from: bugo on March 04, 2015, 06:28:14 AM
Quote from: florida on December 28, 2012, 05:53:30 AM
I regularly go through rolls of nickels and pennies looking for old dates and die varieties. Two of the most recent "funny money" finds would be an Indian Head Cent and a dateless San Francisco minted Buffalo Nickel (later revealed to be from 1921 after some acid treatment).
I do the same. I've found an Indian head penny and a 1909 VDB penny. The 1909 was minted in Philadelphia and is worth somewhere around $10-$15. If it were a San Francisco minted coin it would be worth hundreds of dollars.
Cool! I do same at a lower level, looking at the dates on pennies I get in change (useful exercise to find out if I need new glasses) and occasionally a few rolls from the bank, as well as scanning the nickels and other coins I get in change looking (with no luck in the past ten years or so) for anything with silver.
EDIT: Got lucky in March 2015, got in change a part-silver wartime 1945-S nickel, with the prominent mint mark only for wartime nickels ("S" above the Monticello dome) helping me spot it. Later, in July 2015, I got a silver 1964 dime in change at a gas station in northern Arkansas.
My only semi-interesting finds, in addition to common dates for "wheatback" (1909-1958) U.S. pennies and the occasional Canadian coin, are the occasional modern Bahamas or British penny, some 2-cent Euro coins. a 50 öre Swedish coin (the last four of these all roughly similar in size and composition to a U.S. penny), and a Panama quarter. The last is identical in size and composition to current "clad" U.S. quarters, and the Panama dollar is at par with the U.S. dollar, so it's worth pretty much exactly 25 U.S. cents, but I kept it anyway.
bugo and florida, since it sounds like you sift through a lot more penny and nickel rolls than I do, I'm curious what you do with the coins once you've filtered out anything interesting. With the relatively small quantities passing through my hands, I just use self-checkout machines to spend down on small purchases the coins I don't want to keep. I'd assume my bank would look at me cross-eyed if I purchased a lot of rolls from them, then rolled up and re-deposited the discards.
Quote from: rickmastfan67 on March 04, 2015, 11:26:28 PM
Quote from: bugo on March 04, 2015, 07:40:49 AM
Quote from: 1 on March 04, 2015, 06:08:45 AM
Quote from: bugo on March 04, 2015, 05:09:59 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
And the dime, quarter, half dollar, and dollar were still silver at that time in Canada.
1967 was the last year of silver in Canadian coins. Dimes and quarters contained either 50 or 80% silver. I am not sure if there's a way to tell them apart.
Nope. 1968 was the last year for silver in Canadian coins.
Typo. Although I'm not sure that all Canadian silver coins (dime and up) were silver in '68.
Quote from: bugo on March 05, 2015, 06:47:10 AM
Quote from: rickmastfan67 on March 04, 2015, 11:26:28 PM
Quote from: bugo on March 04, 2015, 07:40:49 AM
Quote from: 1 on March 04, 2015, 06:08:45 AM
Quote from: bugo on March 04, 2015, 05:09:59 AM
Quote from: Stephane Dumas on December 08, 2012, 08:53:29 AM
I remember the time we got 1$ and 2$ bills. There was a time we got 50¢ coins as well. I still one 25¢ coin commemoration who celebrate the 100th anniversairy of the RCMP in Canada.
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
And the dime, quarter, half dollar, and dollar were still silver at that time in Canada.
1967 was the last year of silver in Canadian coins. Dimes and quarters contained either 50 or 80% silver. I am not sure if there's a way to tell them apart.
Nope. 1968 was the last year for silver in Canadian coins.
Typo. Although I'm not sure that all Canadian silver coins (dime and up) were silver in '68.
I once found a silver '68 quarter in circulation. Proved it via the magnet trick. The magnet refused to pick it up, unlike all the other '68's I had found before it.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FFu77fhN.jpg&hash=5d3d99e01b0930de06f8b1e2810db2cd93f4dd2f)
Had someone bring this to a coworker. I got first dibs on it because I was right next to her and my supervisor was on the other side of me. The customer couldn't figure out why the slot machines wouldn't take it. Another customer in line told her it was probably fake.
Quote from: Scott5114 on April 18, 2015, 03:17:02 AM
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FFu77fhN.jpg&hash=5d3d99e01b0930de06f8b1e2810db2cd93f4dd2f)
Had someone bring this to a coworker. I got first dibs on it because I was right next to her and my supervisor was on the other side of me. The customer couldn't figure out why the slot machines wouldn't take it. Another customer in line told her it was probably fake.
Cool!
Quote from: Scott5114 on April 18, 2015, 03:17:02 AM
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FFu77fhN.jpg&hash=5d3d99e01b0930de06f8b1e2810db2cd93f4dd2f)
Had someone bring this to a coworker. I got first dibs on it because I was right next to her and my supervisor was on the other side of me. The customer couldn't figure out why the slot machines wouldn't take it. Another customer in line told her it was probably fake.
I got me one o' them. Except mine is Series 1963, so it doesn't have the "bearer on demand" language and the "legal tender" verbiage is briefer. Otherwise it's substantially identical.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2FIMG_4563_zpskuyeml3p.jpg&hash=a8246d4e2de8a0b60199b4a0025071476c5e0fb6)
Star note
Quote from: 1 on March 04, 2015, 06:08:45 AM
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
I have a set of coins issued for Canada's 125th anniversary. This consists of one quarter for each of the ten provinces and both territories then in existence, plus a dollar coin showing some kids on Parliament Hill in Ottawa. Only later did the U.S. Mint start rolling out its state quarters, yet another demonstration of its utter lack of originality.
While Nunavut territory had not yet been created, the Northwest Territories quarter has on its reverse an Inuit inukshuk (https://www.aaroads.com/forum/index.php?topic=13406.msg2005019#msg2005019) (see last photo in that message). But the inukshuk symbol is much more closely associated with the part of NWT that was split off to form Nunavut, than with the part that stayed in NWT.
Nunavut later got its own $2 coin. I have a few of them somewhere upstairs.
Like you, I have a full set of the 1992 coins; they're in a special holder inside a heavy plastic sleeve. Nice presentation. I also have full sets of the more ersatz quarters issued in 1999 and 2000, as well as all the U.S. state and territorial quarters. I've more or less despaired of getting all the current national park quarters unless I buy them from a coin dealer (there's one in Ontario I've found to be particularly reliable and quick to ship).
Quote from: 1995hoo on April 25, 2015, 10:18:35 PM
Nunavut later got its own $2 coin. I have a few of them somewhere upstairs.
Like you, I have a full set of the 1992 coins; they're in a special holder inside a heavy plastic sleeve. Nice presentation. I also have full sets of the more ersatz quarters issued in 1999 and 2000, as well as all the U.S. state and territorial quarters. I've more or less despaired of getting all the current national park quarters unless I buy them from a coin dealer (there's one in Ontario I've found to be particularly reliable and quick to ship).
Interesting in that other than for the 2015 issues (none yet), I have all but the 2010-D (AR), 2012-P (ME), 2014-D (VA), 2014-P (CO) and 2014-P (FL) 'Parks' quarters, all from circulation here in NE Wisconsin.
Mike
Quote from: mgk920 on April 25, 2015, 11:11:19 PM
Quote from: 1995hoo on April 25, 2015, 10:18:35 PM
Nunavut later got its own $2 coin. I have a few of them somewhere upstairs.
Like you, I have a full set of the 1992 coins; they're in a special holder inside a heavy plastic sleeve. Nice presentation. I also have full sets of the more ersatz quarters issued in 1999 and 2000, as well as all the U.S. state and territorial quarters. I've more or less despaired of getting all the current national park quarters unless I buy them from a coin dealer (there's one in Ontario I've found to be particularly reliable and quick to ship).
Interesting in that other than for the 2015 issues (none yet), I have all but the 2010-D (AR), 2012-P (ME), 2014-D (VA), 2014-P (CO) and 2014-P (FL) 'Parks' quarters, all from circulation here in NE Wisconsin.
Mike
Oh gosh, I have encountered almost none of those since they first came out. I collected every one of the states with no problem, but the national parks are a different story.
The soda machine at the place where I'm currently working only charges 25¢ for a 20-ounce bottle, but the funny thing is, when I pay with a dollar bill, I still get more of the "traditional" eagle-design quarters in change than I do national park quarters.
I got lucky the other day with my change. Scored a VERY good condition 1958 (P) Wheat Penny. Never have I found a Wheat Penny that is extremely shinny before. It doesn't look like it was 'cleaned' at all. So, that leads me to think that some 'kid' broke open a 1958 mint set for the silver dime/quarter/half dollar and just tossed the penny away not knowing the significance of it being the last ever year for the Wheat Pennies. His loss, my gain. :)
Quote from: empirestate on April 26, 2015, 01:17:09 AM
Quote from: mgk920 on April 25, 2015, 11:11:19 PM
Quote from: 1995hoo on April 25, 2015, 10:18:35 PM
Nunavut later got its own $2 coin. I have a few of them somewhere upstairs.
Like you, I have a full set of the 1992 coins; they're in a special holder inside a heavy plastic sleeve. Nice presentation. I also have full sets of the more ersatz quarters issued in 1999 and 2000, as well as all the U.S. state and territorial quarters. I've more or less despaired of getting all the current national park quarters unless I buy them from a coin dealer (there's one in Ontario I've found to be particularly reliable and quick to ship).
Interesting in that other than for the 2015 issues (none yet), I have all but the 2010-D (AR), 2012-P (ME), 2014-D (VA), 2014-P (CO) and 2014-P (FL) 'Parks' quarters, all from circulation here in NE Wisconsin.
Mike
Oh gosh, I have encountered almost none of those since they first came out. I collected every one of the states with no problem, but the national parks are a different story.
And the hits keep coming - as of today (2015-09-28), I have all of the 'Parks' quarters from circulation before 2015 except for the 2014-P (CO). From 2015, I have yet to get a P NC one, plus the DE and NY designs (NY not yet released for circulation).
Interesting in that the North Carolina design features a road (Blue Ridge Parkway).
:nod:
OTOH, the greatest challenge that I've faced in finding coin varieties from circulation has been 2009 nickels (both mintmarks) - I have yet to receive an example of either.
:poke:
Mike
This would be why:
http://www.coinnews.net/2009/04/29/us-mint-halts-2009-nickels-and-dimes-production/ (http://www.coinnews.net/2009/04/29/us-mint-halts-2009-nickels-and-dimes-production/)
Quote
US Mint Halts 2009 Nickels and Dimes Production
by MIKE UNSER on APRIL 29, 2009
The United States Mint has halted production of circulating 2009 Jefferson nickels and 2009 Roosevelt dimes for the rest of this year, according to the latest issue of Coin World. As the dime and nickel production graphs show, the stoppage creates historic, staggering low mintages for the two coins – levels not seen since the 50s.
Coin Word's Paul Gilkes reports the US Mint made the announcement on April 23, and included details of a scale back in producing for other circulating coins, like the three remaining 2009 Lincoln Pennies.
It's not that the public or collectors dislike the new coins. Quite the opposite, in fact. Collector demand for 2009 circulating coinage is exceptionally high. It's all about the recession. It has, by itself, significantly eroded demand for new coins in every day transactions.
Why? In addition to buying less, consumers as a whole no longer hoard loose change at home. They spend or cash it in, replenishing circulating supplies to such an extent that coin inventories at banks have climbed. Banks, in turn, cut Federal Reserve orders for new coin shipments. Federal Reserve banks do the same to the Mint, which is then forced to slash production.
A table of numbers minted per year follows in the story.
Fun times at the casino this week...someone brought one of my coworkers 38 silver dollars when I was on break. Not Eisenhower dollars–real silver dollars; Morgan and Peace dollars. She was kind enough to save a 1922 and 1923 Peace dollar for me. They're not in very good condition, but still. Silver dollars at face value!
We also had people attempt to change a fake $50 and, at the end of the same shift, a $20. The $50 was rather well done and was not immediately identifiable as fake unless you looked closely at it or held it to the light. The $20 was only vaguely the correct shade of green and you could tell it was fake from across the counter.
The poor lady with the $50 said she had just sold a couch on Facebook and was paid in part with it. If you're going to do business on Facebook or Craigslist in cash, you should get a cheap blacklight from Walmart and run the bills under it. Real US currency paper will stay dark under UV light, while office paper contains whitening chemicals that fluoresce. Real currency (other than the $2 and $1) also has a security strip that glows a different color on every denomination. Easiest way to do that is to hold the light behind the bill; the color should glow more brightly that way.
Quote from: bugo on March 04, 2015, 05:09:59 AM
I have a set of centennial Canadian coins: penny, nickel, dime, quarter, half dollar and dollar. They are dual dated 1867-1967 and the reverses have special designs with different animals on each coin.
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi167.photobucket.com%2Falbums%2Fu126%2Fbugo348%2Fcanada1967set_zps7m38gpdz.jpg&hash=9549fab4de01c0d0b15bfd7d921bb34648d9640f)
Earlier this month, I got a 1967 lynx quarter in circulation at a 7-11 in Regina, Saskatchewan. It is at least 50% silver, though as noted way upthread there is no easy way to determine whether it is instead 80% silver. (Pre-1967 is 80% silver, post-1968 is 0%, with 1967 and 1968 the transition years with a mix of 50% and 80%.) So as a practical matter I can only get the melt value from a dealer based on 50% silver (enough wear that I can't get more than melt value).
In this part of the world I like to hunt €2 commemorative coins (https://en.wikipedia.org/wiki/2_euro_commemorative_coins). There are lots of them, and many more are added every year. So far I've gotten those:
Italy 2004: Fifth decade of the World Food Programme
Spain 2005: 4th centenary of Don Quixote, the first one I ever got.
Common issue 2007: 50th anniversary of the Treaty of Rome, I have five coins from five different countries (Austria, France, Germany, Ireland and Spain)
France 2008: French presidency of the council of the EU
Common issue 2009: 10th anniversary of the Economic and Monetary Union (EMU), again I have five coins from five different countries (Belgium (my latest catch), Cyprus, France, Germany and Spain)
Germany 2009: Lüdwigskirche in Saarbrücken, part of the Bundesländer series.
France 2010: 70th anniversary of the Appeal of June 18.
Germany 2010: City hall and Roland in Bremen, part of the Bundesländer series.
Spain 2010: Mosque-Cathedral of Cordoba, part of the UNESCO World Heritage sites in Spain series.
France 2011: 30th anniversary of the World Music day (Fête de la Musique)
Germany 2011: Cologne Cathedral, part of the Bundesländer series.
Spain 2011: Alhambra of Granada, part of the UNESCO World Heritage sites in Spain series. I didn't catch this one until last year.
Common issue 2012: 10th anniversay of euro notes ('bills') and coins, I have a couple of them (France and Greece, strangely I don't have the Spanish one yet).
Spain 2012: Burgos cathedral, part of the UNESCO World Heritage sites in Spain series.
Spain 2013: Monastery and site of El Escorial (near Madrid), part of the UNESCO World Heritage sites in Spain series.
Spain 2014, 1st issue: Park Güell in Barcelona, part of the UNESCO World Heritage sites in Spain series.
Spain 2014, 2nd issue: Juan Carlos I and Felipe VI, commemorating the Succession to the Throne.
Quote from: CNGL-Leudimin on July 06, 2016, 07:19:40 AM
In this part of the world I like to hunt €2 commemorative coins (https://en.wikipedia.org/wiki/2_euro_commemorative_coins). There are lots of them, and many more are added every year. So far I've gotten those:
Italy 2004: Fifth decade of the World Food Programme
Spain 2005: 4th centenary of Don Quixote, the first one I ever got.
Common issue 2007: 50th anniversary of the Treaty of Rome, I have five coins from five different countries (Austria, France, Germany, Ireland and Spain)
France 2008: French presidency of the council of the EU
Common issue 2009: 10th anniversary of the Economic and Monetary Union (EMU), again I have five coins from five different countries (Belgium (my latest catch), Cyprus, France, Germany and Spain)
Germany 2009: Lüdwigskirche in Saarbrücken, part of the Bundesländer series.
France 2010: 70th anniversary of the Appeal of June 18.
Germany 2010: City hall and Roland in Bremen, part of the Bundesländer series.
Spain 2010: Mosque-Cathedral of Cordoba, part of the UNESCO World Heritage sites in Spain series.
France 2011: 30th anniversary of the World Music day (Fête de la Musique)
Germany 2011: Cologne Cathedral, part of the Bundesländer series.
Spain 2011: Alhambra of Granada, part of the UNESCO World Heritage sites in Spain series. I didn't catch this one until last year.
Common issue 2012: 10th anniversay of euro notes ('bills') and coins, I have a couple of them (France and Greece, strangely I don't have the Spanish one yet).
Spain 2012: Burgos cathedral, part of the UNESCO World Heritage sites in Spain series.
Spain 2013: Monastery and site of El Escorial (near Madrid), part of the UNESCO World Heritage sites in Spain series.
Spain 2014, 1st issue: Park Güell in Barcelona, part of the UNESCO World Heritage sites in Spain series.
Spain 2014, 2nd issue: Juan Carlos I and Felipe VI, commemorating the Succession to the Throne.
And with all of the regular national designs, collecting a full set of circulating Euro coins (including all date and mintmark varieties) from circulation within the Eurozone sounds like a true challenge.
:nod:
Mike
Quote from: mgk920 on July 06, 2016, 10:32:30 AM
And with all of the regular national designs, collecting a full set of circulating Euro coins (including all date and mintmark varieties) from circulation within the Eurozone sounds like a true challenge.
:nod:
Mike
What I have (and I have never been to Europe):
Austria: .05 02, .10 06, .50 02
Belgium: .02 00, .20 04, €1 02, €2 08
Finland: .05 01
France: .01 99 03 08 13, .02 00 03 05 06 08, .05 02
Germany: .01 02A 02F, 02G 07F, .02 02D 02J 05D, .05 02F 14F, .10 02G 02J, .20 02F 12A, .50 02A 02J, €1 02F, €2 02J
Greece: .01 09, .02 02, .05 02, .10 05, .20 02 09
Ireland: .01 02 03 05 08, .02 02 03 05 07, .05 02 05 07 08, .10 02, .20 02 03, .50 02 03
Italy: .01 02 06 08, .02 06 08, .05 02, .10 02, .20 02, €1 02, €2 02
Luxembourg: .02 02
Netherlands: .01 00, .02 99 04, .05 05 06
Portugal: .01 02, .05 02
Spain: .01 03 06, .02 00 04, .05 99 01 05 07 08 10, .10 99 04 05, .20 99
My mom (a big Star Trek fan) just bought a $20 silver coin from the Royal Canadian Mint which features the USS Enterprise :)
Here's a few pictures of the coin and it's packaging:
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FTqiqBbi.jpg&hash=099e9dc4996577998286901b0c3fe5b42882d00d)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FMzjSBdR.jpg&hash=d7c98cfbdfa31bd39b913b1a3c911abca23b9a40)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FooAlMSf.jpg&hash=80fbb4b7a0297545412d408f5e3cb73a593115d0)
(https://www.aaroads.com/forum/proxy.php?request=http%3A%2F%2Fi.imgur.com%2FLofj60T.jpg&hash=42ea5655556f7c9593f935ca361d402aedf1a1a5)
Found at work:
(https://scontent-dft4-1.xx.fbcdn.net/t31.0-8/14324280_1758791374370450_1034750492497038164_o.jpg)
I'm surprised this didn't get starred out somehow.
Quote from: Scott5114 on September 12, 2016, 03:09:30 AM
Found at work:
(https://scontent-dft4-1.xx.fbcdn.net/t31.0-8/14324280_1758791374370450_1034750492497038164_o.jpg)
I'm surprised this didn't get starred out somehow.
Pretty sloppy. Even once it got released, I'm surprised some sharp-eyed cashier hasn't swapped it out since 1977.
What am I missing? It looks like a plain old ten dollar bill to me.
Quote from: kphoger on September 12, 2016, 04:24:17 PM
What am I missing? It looks like a plain old ten dollar bill to me.
The green overprint is severely mis-aligned.
So is that a simple printing error or is it counterfeit?
Quote from: empirestate on April 26, 2015, 01:17:09 AM
Oh gosh, I have encountered almost none of those since they first came out. I collected every one of the states with no problem, but the national parks are a different story.
Yeah, I've annoyingly noticed that whenever I find a parks quarter it's almost always one from 2014 or 2015. I've only found one from 2016 so far.
I had collected all 50 state quarters the year after they finished up, and had started collecting the follow up sets. A few years later, I needed quarters for the laundromat, said "why am I going crazy making change when I have all these perfectly good quarters sitting here collecting dust", and the collection got pillaged.
Because I did at one point have all of the original 50 I feel like I've already "clinched" that set and feel no need to try and reconstruct it. I do, however, regret spending the territory and parks coins I had started collecting since I am now trying to complete a set of those once again and they're not frequently turning up organically. I think I had 5 of the 6 territories before I spent them, now I only have DC, PR, and GU. For whatever strange reason I have found like a dozen Guam quarters in the last few years but only one each of DC and Puerto Rico (the ones in my collection) and none of the other three.
Parks quarters from 2010-2012 are also agonizingly rare at this point (a lot of people took them out of circulation to collect, maybe?)
Quote from: Duke87 on September 12, 2016, 10:59:56 PM
So is that a simple printing error or is it counterfeit?
It's assuredly quite real. It was in my bank at the casino, which means it was run through counterfeit detectors in the vault at least twice (and probably more than that depending how long it was in the vault before I got it, since they run the money several times per day). My guess is that someone was desperate enough to gamble to raid their money collection or a loved one's, maybe not realizing that it was an error and not just an old ten.
Most counterfeits are bad enough that you'll know them when you see them.
Quote from: Duke87 on September 12, 2016, 10:59:56 PM
So is that a simple printing error or is it counterfeit?
Quote from: empirestate on April 26, 2015, 01:17:09 AM
Oh gosh, I have encountered almost none of those since they first came out. I collected every one of the states with no problem, but the national parks are a different story.
Yeah, I've annoyingly noticed that whenever I find a parks quarter it's almost always one from 2014 or 2015. I've only found one from 2016 so far.
I had collected all 50 state quarters the year after they finished up, and had started collecting the follow up sets. A few years later, I needed quarters for the laundromat, said "why am I going crazy making change when I have all these perfectly good quarters sitting here collecting dust", and the collection got pillaged.
Because I did at one point have all of the original 50 I feel like I've already "clinched" that set and feel no need to try and reconstruct it. I do, however, regret spending the territory and parks coins I had started collecting since I am now trying to complete a set of those once again and they're not frequently turning up organically. I think I had 5 of the 6 territories before I spent them, now I only have DC, PR, and GU. For whatever strange reason I have found like a dozen Guam quarters in the last few years but only one each of DC and Puerto Rico (the ones in my collection) and none of the other three.
Parks quarters from 2010-2012 are also agonizingly rare at this point (a lot of people took them out of circulation to collect, maybe?)
'Park' quarters (the USMint calls them 'America the Beautiful' quarters) are common as dirt here in NE Wisconsin. Of all of the business-strike varieties made so far, as of this typing I have only not yet received a 'P' Kentucky (Cumberland Gap) coin. The North Dakota ones (Theodore Roosevelt N.P.) should be showing up within a month or so.
Again, the really scarce recently-dated commonly circulating coins are 2009 nickels - only about 80M were made (both mintmarks together) and most of those were placed in circulation in Puerto Rico. To date, I have only seen one in circulation (a 'D'). 2009 dimes are not common, ether.
Mike
I got a Gerald Ford dollar coin. Oops, I dropped it. :-D :-D :-D
Quote from: empirestate on September 15, 2016, 12:53:12 PM
I got a Gerald Ford dollar coin. Oops, I dropped it. :-D :-D :-D
:-P
Poor guy. I'd hate to have the press corps following me around reporting every time I stubbed my toe as if it was news.
Ford actually was among the most athletic presidents, having played and coached football at what today is the Division I level and served in the Navy, where he not only saw actual combat but also played and coached multiple sports in the service leagues. He was only 60 when he became president.
The story is that the guy, contrasted to easily lampoonable predecessors was so dull and ordinary that the chattering class could not find something to wag its collective tounge about. Then he tripped a few times and shanked a couple of tee shots and they tagged him with the "clumsy" theme. Actually he had less such incendents than other political figures.
Quote from: SP Cook on September 15, 2016, 02:39:35 PM
Ford actually was among the most athletic presidents, having played and coached football at what today is the Division I level and served in the Navy, where he not only saw actual combat but also played and coached multiple sports in the service leagues. He was only 60 when he became president.
The story is that the guy, contrasted to easily lampoonable predecessors was so dull and ordinary that the chattering class could not find something to wag its collective tounge about. Then he tripped a few times and shanked a couple of tee shots and they tagged him with the "clumsy" theme. Actually he had less such incendents than other political figures.
Yeah, but I couldn't come up with a joke that played this angle. ;-)
In the literal spirit of the thread topic, can we come up with other jokes in a similar format for the other Presidential dollars (or any other coin)? (Hopefully the fact that living politicians don't appear on currency will keep us from running afoul of the no-politics rule.)
For example: I got a William Henry Harrison dollar last month, but now it's gone.
I just saw someone accept $80 for a purchase of about $140. The customer gave four $20 bills, one of which was uncolored, and both the customer and the worker thought the uncolored bill was a $100 bill until it was too late.
Someone made a dollar bill and put Boss Hogg's face on it and people laughed so it was funny money in the literal sense.
Quote from: Scott5114 on December 12, 2012, 08:46:31 AM
Quote from: SP Cook on December 10, 2012, 08:05:18 AM
I found the following story on $1 coins, it sounds like it should be true.
As we know, US coins used to be really made of silver, and were proportional to one another in size. The Mint stopped making silver dollars in the 30s, not for any political or economic reasons, but simply because there were enough in circulation to cover the demand, since it was a large coin of (then) high value.
Eventually, many of these ended up in Nevada. In casinos, where they were recycled over and over in the slot machines as a coin on table games. Then, when the price of silver rose above the face value of the coins, the US started issuing the "Johnson sandwich" coins we see today. Casinos quicky made a tidy profit by removing the silver dollar coins, but had a problem because they had all of these slot machines that needed $1 coins. So they made their own slugs. Which entered general circulation in Nevada.
The Mint objected and decided that it had to issue a dollar coin to prevent this. So the Ike was chosen. Ike was among the most popular recent presidents, Nixon (by then president) was Ike's VP, and it evened up the ratio of political parties on coins. The coins did fairly well, serving the casino industry and other such applications. Until the failed SBA coin, the "Carter Quarter" came out. Today, slot machines mostly operate with bill readers and pay off in tickets, rather than a coin drop, and casinos have issued $1 chips for the tables. You still see some table games, Pai Gow for example, where the win pay is $4.25 on a $5 bet, that use quarters and 50 cent pieces in the chip tray.
There are other reasons that were more compelling that led the casino industry to the changes it underwent. Slot machines no longer use coins because it is not economical to maintain coin-in/coin-out machines. Coin jams are a pain in the ass to clear, and require allowing access to the coin hopper by any random technician that might be tasked with doing so. With a bill acceptor, you can keep the accepted bills locked up (bill jams, when they do occur, will happen in the removable acceptor unit, not the drop box) and only have to worry about tickets going out, which are just worthless blank paper before they are printed. You also do not have to worry about the logistics of keeping jars of spare coins around when hoppers run empty–a 400-count ticket bundle is small enough you can leave it sitting inside the machine, or have your attendants carry one in their pocket.
Pockets in a casino?