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Half Dollars In Fed Vaults?

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Valued Member
United States
227 Posts
 Posted 09/22/2008  5:30 pm  Show Profile   Bookmark this reply Add coinsrus to your friends list
Yep, payed for a tank of gas the other day with halves. The Lady gave me a weird look. Didn't even intend to but my kroger card was empty and I needed gas. Was going to return to bank any way.
Pillar of the Community
United States
2661 Posts
 Posted 09/22/2008  8:00 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list
I kept 4 halves out of the 6 rolls I bought today. Maybe I'll buy gas with the others just see the look I get.
Valued Member
United States
296 Posts
 Posted 09/22/2008  9:09 pm  Show Profile   Bookmark this reply Add Bowfin to your friends list

Quote:
Personally I don't EVER see halves being used in commonplace transactions again. It just won't happen. People like us who spend halves, $2 bills and dollar coins for fun are just about the only ones who really even know they exist. It's sad.



I like to pay with a $2 bill, an Ike and a couple of halves. Watching the cashier getting frustrated trying to find compartments in the drawer for everything can be entertaining.
New Member
United States
10 Posts
 Posted 09/23/2008  12:07 am  Show Profile   Bookmark this reply Add CardinalsBoy to your friends list
My town doesn't have many half dollars in the bank, today on the way home from school I went to one bank it surprised me. They had 6 dollars of them I got them but no silver. There is hardly ever any of them around here. My grampa says they did used to be like normal change back in the 50s. I like them its to bad they dont circulate. I am lucky to find a 40% half dollar once a month and its in like 2 coins they have in the whole bank!
Valued Member
United States
270 Posts
 Posted 09/23/2008  03:29 am  Show Profile   Bookmark this reply Add mrh757 to your friends list
I pay a lot with halfs and 2 dollar bills. I have been accused of trying to pass funny money, have had the cops called on me for paying with a 2 dollar bill and a half. its great fun!! I lot of people dont even know we have a half dollar coin or a two dollar bill.
Bedrock of the Community
United States
20753 Posts
 Posted 09/25/2008  1:54 pm  Show Profile   Bookmark this reply Add just carl to your friends list
For probably well over 30 years now I've gone to banks and taken out from 2 to 10 rolls of halves. I used to do it for my collections. However, as time went by I never found anything worth saving anymore but it became fun ATTEMPTING to spend them. I still try for some at banks but that too is getting to be a pain. My EX favorite source of halves was the LaSalle National Bank, now changed to Bank of America. I never USED to have a problem getting as many as I wasnted there. Last time there I was instructed that now with the new ownership, they have been instructed to send all halves back to the main office. They were instructed not to order any for customers. They were instructed not to accept any halves or large dollar coins. I asked what if I brought in some halves and said add this to may account. They said there were instructed to tell customers to take them somewhere else.
Over the years I've had mixed reactions using halves. At one flea market a guy saw me spending one and asked if I had more. He offered me $0.75 each for all I had. I had 10 and gave them to him for $5.
I pay getting into flea markets with them and the people at the gates watch for me for them.
However, at a restaurant seveal waitresses have asked me to stop leaving those for tips. On commuter trains the conductors have told me to not give them halves or those baby sized dollars. At a fast food place, Wendy's, when trying to spend a half, they looked at me as if I was trying to rob the place but ended up taking them.
With the usage of coins today people are getting a little nutty I think.
Valued Member
United States
417 Posts
 Posted 09/25/2008  2:05 pm  Show Profile   Bookmark this reply Add florida to your friends list
They're nutty in general. People don't know money like they used to.
Valued Member
United States
296 Posts
 Posted 09/25/2008  6:54 pm  Show Profile   Bookmark this reply Add Bowfin to your friends list

Quote:
They were instructed not to accept any halves or large dollar coins. I asked what if I brought in some halves and said add this to may account. They said there were instructed to tell customers to take them somewhere else.


Can they legally do that? They may not be as common as other coins, but not that uncommon, and they are legal tender. I can see an uninformed merchant sometimes getting picky about certain coins, but a bank...

That is just illogical beyond belief...

Edited by Bowfin
09/25/2008 6:55 pm
New Member
United States
10 Posts
 Posted 09/25/2008  9:26 pm  Show Profile   Bookmark this reply Add CardinalsBoy to your friends list
ive never had trouble having them expect them at a bank, never heard of a bank not accepting a half or dollar coin.
Pillar of the Community
United States
858 Posts
 Posted 09/25/2008  9:49 pm  Show Profile   Bookmark this reply Add Silver Eagle to your friends list
Legally, a bank cannot reject any legal tender currency brought in by a customer. Odd coins maybe be difficult to stock and get rid of, but all a bank needs to do is ship them out to their main office or FED when they get a certain number of them. I understand these odd items can be a hassle for banks, but it is part of their job to supply currency based upon demand. More often nowadays, I see many banks cutting back on "customer service" and focusing primarily on sales. In my opinion, if it is legal they should be ashamed to even suggest not accepting it.
Valued Member
United States
80 Posts
 Posted 09/25/2008  10:04 pm  Show Profile   Bookmark this reply Add Michelle K to your friends list
I was told by someone at a farmers market that "they didn't except those dollar coins" because "they wanted real money, not fake money".



It was all I could do to not laugh out loud at the lady. She acted as if I was trying to cheat her or something.

I asked to speak to the 'owner' of the booth and she cleared it up but that lady was even madder when she realized she had been stupid.

I think I'll get my eggs somewhere else for a while.
New Member
United States
10 Posts
 Posted 09/25/2008  10:25 pm  Show Profile   Bookmark this reply Add CardinalsBoy to your friends list
They just think quarter is highest denomination of our coinage..anything else its fake! or something to em. does anyone really know how many halves are in the fed vaults? Billions? by law would they have to mint more if they ran low/out?
Pillar of the Community
United States
2602 Posts
 Posted 09/26/2008  09:21 am  Show Profile   Bookmark this reply Add mycrob to your friends list
I spend halves all the time and never had them turned down. Earlier this week, I paid for dinner ($30) in halves in those yellow Fed-wrapped wrappers and waitress did look at them and asked what they were. She took them to the manager and they accepted them.

I never, ever take halves back to the bank, but spend them to do my part in getting them back into circulation.

But, yes, 9 times out of 10 I get an interesting reaction when I use halves.
Valued Member
United States
264 Posts
 Posted 09/28/2008  11:05 am  Show Profile   Bookmark this reply Add Madmartigan to your friends list
I'm one of those also that spends halfs, dollar coins, and $2 for things. I pick up anything the bank teller has to get it out of her drawer. In return they keep everything for me that comes in. I've even been called on my cell phone to be told someone dropped off $50 in halves in old wrappers before. The mexican place I eat lunch at is use to me paying in the odd coins or tips. The McDonalds on the other hand is always a riot. About 1/3 of the time the casher doesn't say a thing, another 1/3 of the time they take the $2 bills to the manager thinking they are fake, and the last 1/3 someone at the store ask do I have more (pres coins and $2 bills). The majority of the population just doesn't know about all the different demominations of coin and currency. I even know of one bank teller that pulled a yellow seal note from their money machine thinking it was a fake. Of course someone snapped that baby up before I found out about it.
Bedrock of the Community
United States
17884 Posts
 Posted 09/30/2008  1:20 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list

Quote:
Can they legally do that? They may not be as common as other coins, but not that uncommon, and they are legal tender.

Sure they can do it. There is no law saying they have to take them, but if they tell their customers to take their money elsewhere they may find them taking ALL of their money elsewhere.


Quote:
Legally, a bank cannot reject any legal tender currency brought in by a customer.

Sure they can.


Quote:
Odd coins maybe be difficult to stock and get rid of, but all a bank needs to do is ship them out to their main office or FED when they get a certain number of them.

That's the whole problem, they are a hassle and they have to fool with them for a LONG time before they get that minimum number to allow them to get rid of them. And then they have to PAY for shipping to get rid of them.


Quote:
I understand these odd items can be a hassle for banks, but it is part of their job to supply currency based upon demand.

Whatever gave you the idea that it is their JOB to supply currency of any kind? Their JOB is to make money by making loans and collecting interest. In order to do that they have to have money so they accept deposits from the public and in order to encourage the deposits they offer interest on the money. But the exchange of currency at the tellers is merely a convenience they offer to their customers not something that they have to do. Which is why they don't always provide that service to non-customers and why in some cases they even try to discourage the use of their tellers. It costs them money rather than making them money. To the banks, having to deal with the public other than receiving money from them, is a bother they would really not have to bother with.
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