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Spending Old Coins

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Pillar of the Community
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 Posted 07/17/2009  9:46 pm  Show Profile   Bookmark this reply Add weerdsteev to your friends list
As I said, I use Buffalo nickels in our Pepsi machine at work all the time. Actually...there's a whole story about how the Buffalo nickel was almost delayed due to concern from the big vending machine company of the early 1900's, The Hobbes Company, because they felt that their vending machines might not work with Buffalo nickels like they did with the Liberty or "V" nickels.

Personally, I find it amazing that there WERE vending machines back in 1913!
Edited by weerdsteev
07/17/2009 9:47 pm
Bedrock of the Community
United States
17884 Posts
 Posted 07/19/2009  09:21 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
The first coin operated vending machine dates back over two thousand years.

And the Hobbes company was NOT a major vending machine company. They were actually a small wannabe company that had recently landed a government contract to supply the machines for some agency and they wanted to make sure their newfangled Counterfeit Detection mechanism worked with the new coins. They kept demanding changes to be made so a machine that wasn't even in production yet would work with the new coins. The other machine makers had not problems or made slight adjustments to their machines and they worked fine. Hobbes wanted the coin changed to match his machine. Even once he did get the machines into the marketplace they were a flop. They suffered frequent break downs and most locations that had them soon changed to his competitors machines. There are a couple of excellent sections on Hobbes and his batttles with the mint on both the Buffalo nickel and Mercury dime in RWB books Renassance of American Coinage 1909-1915, and 1916-1921.


Quote:
Would vending machines accept old coins from the 1800's and early 1900's?

Basically just the nickels (unless they are severely worn and underweight), and not the Shield nickels. Most modern machines won't work with the silver dimes and quarters because they are too heavy and they don't have the proper electromagnetic signature. (Coppernickel clad and 90% silver do not have the same signature. Back in 1965 the coin mechanisms were strictly mechanical and didn't check the signature so that was not a concern. That test was added years later after the silver was out of circulation. It only really became a concern when the Sac dollar came out because the machines had to be able to accept both the SBA and the Sac so they had to create an alloy that did match the signature of coppernickel.)
Valued Member
United States
138 Posts
 Posted 07/22/2009  1:21 pm  Show Profile   Bookmark this reply Add JayDon62 to your friends list
Yep, I passed a dateless Indian Head cent and Buffalo 5 cent recently.
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 Posted 07/22/2009  1:44 pm  Show Profile   Bookmark this reply Add Frazzle to your friends list
I thought that once a coin was labeled "obsolete",it was no longer legal tender!!
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 Posted 07/22/2009  1:58 pm  Show Profile   Bookmark this reply Add billp4 to your friends list
Someone was arrested for trying to spend a two dollar bill. Google "arrested for $2"
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373 Posts
 Posted 07/22/2009  7:39 pm  Show Profile   Bookmark this reply Add lincolncollector to your friends list
I think it's a matter of if you can get away with it, I mean in spending an old coin. Whether it's legal tender or not, it all matters on if it will be accepted by the seller.
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 Posted 07/22/2009  8:55 pm  Show Profile   Bookmark this reply Add Napoleon31ft to your friends list
http://www.wnd.com/news/article.asp...CLE_ID=43685

Wow that is unbelievable. People should be educated on it a bit. I mean government officials not knowing is just flat out dumb.

Weird
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 Posted 07/23/2009  01:22 am  Show Profile   Bookmark this reply Add lincolncollector to your friends list
Great article, Napoleon31ft.

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 Posted 07/23/2009  09:59 am  Show Profile   Bookmark this reply Add Moe145 to your friends list

Quote:
Commenting on the incident, Baltimore County police spokesman Bill Toohey told the Sun: "It's a sign that we're all a little nervous in the post-9/11 world."


Yeah, 'cause Osama Bin Laden and his Al Qaeda bros have been known to try to cash $2 bills at many Best Buys. It's a terrorist conspiracy!!

Cuff him, Danno!!

Pillar of the Community
United States
3077 Posts
 Posted 07/23/2009  10:04 am  Show Profile   Bookmark this reply Add yotie to your friends list
thats soooo wrong I think I would be seeing that cop in civil court
Bedrock of the Community
United States
12437 Posts
 Posted 07/23/2009  10:30 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list
Yep, I can see a major lawsuit coming against the Baltimore PD and Best Buy I am not normally the sue happy type but that guy had a major violation of his civil rights, all because he tried using perfectly legal currently circulating US currency and the cops and Best Buy employees were completely clueless I sure hope the Secret Service agents completely berated the cops over wasting their time.
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 Posted 07/23/2009  3:02 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
You called them on it, Moe!

One thing that makes me irate is that everyone wants to blame 9/11 for their own incompetence.

I agree with Bio, he should be well compensated. I'd start with a new home theater and some updated equipment for my car. I am sure the wife would love to upgrade the kitchen!
Edited by jbuck
07/23/2009 3:03 pm
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528 Posts
 Posted 07/23/2009  3:45 pm  Show Profile   Bookmark this reply Add Napoleon31ft to your friends list
I would want a discount on my best buy purch ASE
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 Posted 07/23/2009  3:48 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
How about a 30% discount, in addition to other sales and offers, for life? Oh, and they also pay the sales tax.


Pillar of the Community
United States
1599 Posts
 Posted 07/24/2009  10:20 pm  Show Profile   Bookmark this reply Add jprine to your friends list
In 1968 I bought my first car for $150.00. Paid the man with 300 1964 Kennedy halves. The guy really wasnt happy with all the coins. If I only knew. Anyway, I had a 1957 Chevy BelAire.
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