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 Replies: 105 / Views: 14,436 |
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Valued Member
Canada
71 Posts |
@gidjit
I love your attitude towards this.
Had a good laugh reading this, I hope you will show them when you bring those bills.
By far one of my favourite threads :).
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Pillar of the Community
Canada
815 Posts |
That's illegal to the best of my knowledge. Each Canadian coin HAS to be accepted, with limits on each. I am sure someone can find the table and post it here, but I believe no limit is less than 10. So unless you went in with 69 50 cent pieces or something, they most definitely would have to take them. I would have left the money on tha counter and left with my purchases.
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Pillar of the Community
Canada
4227 Posts |
Quote:
That's illegal to the best of my knowledge. Each Canadian coin HAS to be accepted, with limits on each. I am sure someone can find the table and post it here, but I believe no limit is less than 10. That definitely isn't accurate. This is taken from the RCM's website on the phasing out of the penny Quote:
While businesses do not have a legal obligation to accept any particular Canadian coins or bank notes in a retail transaction, the penny will continue to be legal tender like all other Canadian coins, and businesses may accept the coin as a means of payment if they so choose. |
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Valued Member
Canada
329 Posts |
good old dollarama. when they phased out the cent, I was trying to profit from it, getting my 5c back when the price was 2c, and using cents when it was 3 or 4c. my wife used some at dollarama, they took them and then threw them in the garbage, telling her, it not real money anymore.
anyways a quick calculation made me realize that the difference per year in my case would be about $5 a year. not worth fighting with cashiers.
ill take your nickle 50c and dollars. I spent all mine a decade ago and now regret I have no examples left.
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Valued Member
Canada
293 Posts |
I guess it makes sense that a business doesn't have to take any form of money if it doesn't want to, but my eyes were sure opened when I learnt the difference between circulating and non-circulation coins. Even the Canadian mint doesn't acknowledge non-circulating coins as "currency" and therefore isn't obligated to give you one cent for a coin that has $100 on it....Too much to learn!
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Valued Member
Canada
372 Posts |
"isn't obligated to give you one cent "
That is the part that is such a con. A modern dollar coin does not have a dollars worth of metal in it, yet the government says it is worth $1 and is obligated to back that up. If these collector coins have no value to them the should not be allowed to stamp a dollar amount into them.
I am a businessman, and if I give you a guarantee on my work, you would expect me to honour that guarantee if there were a problem. I wonder what would happen if we made guarantees "subject to change depending on market conditions"?
It kinda sounds like what the mint is doing by saying I will sell you this $20 coin for $59.95, even though its market value is $5, but don't try to cash it in because it's not really money anyhow.
I have seen paper money that says "pay to the bearer on demand"
Edited by wolfman-11
03/18/2014 3:52 pm
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Pillar of the Community
 Canada
1980 Posts |
here is the follow up email I just received from dollarama:
To Me
Today at 12:02 AM
We thank you for bringing this matter to our attention. This has been addressed by our management and better information will be share with our store personnel. The 0.50 still have legal course and should have been accepted.
Please accept a $10.00 Dollarama gift card as a token of appreciation for your patronage. Please send us an address to which we may send this card to your attention.
Dollarama strives to ensure our customers have a good experience in our stores and we are sorry to hear that this was not the case for you.
Our customer's feedback is important to us. We apologize for any inconvenience this situation may cause.
We thank you for your patronage.
Marielle A. Morin
Equipe Service à la clientèle - Customer Service Team
DOLLARAMA L.P./S.E.C
1-888-755-1006 poste - ext 1000
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Pillar of the Community
United States
9792 Posts |
Good that they ended up taking care of their customer.
In the states here I knew a friend that had the police called on him when he tried to spend a $2.00 bill at a Taco Bell one night, the cop knew it was real, but the manager still refused to take the money. Claiming that the notes were counterfeits.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013! ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector. See my want page: http://goccf.com/t/140440 |
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Pillar of the Community
Canada
1980 Posts |
i dont even care about the gift card its the fact that they were basically accusing me of fraud (spending what they said was fake/counterfeit money) at least now the dollar store should now know what a dollar looks like!
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Pillar of the Community
Canada
1980 Posts |
just got back from dollarama where I spent $7.50 in dollars and halves with no problem, although the tellers and manager were not there who declined last time but I will be back as I have hundreds of these and am now gonna get alot more lol their tills will be overflowing with them
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Valued Member
Canada
372 Posts |
@ gidjit
I have not been a member of this forum to be eligible to post my want list, (25 more posts to go), but I need some nickel dollars and halves to fill my book.
Would you be willing to sell me some, and if so should I email you my need list?
Edited by wolfman-11
03/19/2014 08:42 am
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Pillar of the Community
Canada
5324 Posts |
If you need nickel dollars or 50 cents, just ask your bank branch odds are every 2 or 3 weeks they will have a bunch of these coins.
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Pillar of the Community
Canada
1354 Posts |
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Pillar of the Community
Canada
867 Posts |
I'm going to Vegas next month with some Ben Franklins from the 1970's way before the security strips....I know I'm going to be hassled. Most Canadians embrace the older bills with QE2 on them, the Americans all look at older bills with suspicions that the bills are counterfeit from some rogue regime like Iran or N Korea.
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Pillar of the Community
Canada
3690 Posts |
Good read on the ability to reject Banknotes for payments - note that repayment of debt is different than an agreement to purchase something. http://www.canada.com/montrealgazet...0c0d7a887afeQuote:
That's illegal to the best of my knowledge. Each Canadian coin HAS to be accepted, with limits on each. I am sure someone can find the table and post it here, but I believe no limit is less than 10 You seem to be referring to the Currency Act Section 8.2 "A payment in coins referred to in subsection (1) is a legal tender for no more than the following amounts for the following denominations of coins: (a) forty dollars if the denomination is two dollars or greater but does not exceed ten dollars; (b) twenty-five dollars if the denomination is one dollar; (c) ten dollars if the denomination is ten cents or greater but less than one dollar; (d) five dollars if the denomination is five cents; and (e) twenty-five cents if the denomination is one cent." Again, this is limited to a payment (not an agreement to purchase goods in a retail setting like Dollarama). It basically stops people from being idiots and trying to pay off a debt with 200lbs of nickels. Edited by CC-Ottawa
03/19/2014 2:55 pm
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Replies: 105 / Views: 14,436 |
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Posted 03/18/2014 02:08 am
