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 Replies: 17 / Views: 3,496 |
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Pillar of the Community
United States
2589 Posts |
Knowingly passing off foreign money as american legal tender is actually fraud and you could technically be prosecuted under federal law for spending that foriegn quarter.
-XoG
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Pillar of the Community
 United States
4846 Posts |
ohhhh.......ummmmm.........uhhhhh.....okayyyy.......welllllll..........ummmm..........errrrrr...............
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Pillar of the Community
United States
511 Posts |
As a hard money type, that's my kind of reject.
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Pillar of the Community
United States
2734 Posts |
Quote:
Knowingly passing off foreign money I get Canadian coins in my change all the time! Now what do I do?!  And, unlike Canadian currency, the Bahamas Dollar is fixed to the value of the U.S. Dollar. The Quarter that he spent is worth a full US 25˘, unlike a Canadian Quarter (worth only US 24˘ at time of this post). My favorite Silver Quarter I ever found was in 1989. Someone scratched off almost all of the last two digits of the year, likely in some vain attempt to keep silver hoarders from pulling that Quarter from circulation. Of course, the rim and the 'D' mintmark on the reverse are dead giveaways... (and yes, my best guess is that it's a 1957-D) |
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Pillar of the Community
United States
1055 Posts |
Good luck prosecuting someone for a $0.25 infraction. Certainly not worth the time or money...for anyone. The Bahama Dollar is on a 1:1 ratio with the US which is just luck I guess. Sudanese, Belizean, Bahama, Bermuda, Canada, Great Britain, Euro ect coins have made their way into my change, should I be out the money because someone accepted it as legal tender? That is interesting the quarter would not work in a video game but was accepted by a Gumball Machine.. Nice find on the quarter. |
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Valued Member
United States
487 Posts |
Good for you Adam_E. Nothing like finding a silver quarter in your change put you found a "FREE" silver quarter to boot! That 1957 Washington looks to be in pretty good shape for 50 year old plus coin.I have a question for you how long have you been collecting and what do you collect, just wondering!
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Pillar of the Community
United States
4846 Posts |
Ive been collecting for around 6 months and I mainly collect Lincolns, but I collect silver or any other older u.s. coinage.
though I do have a bucket of about 200 world coins
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Valued Member
United States
487 Posts |
Seems to me a young man like yourself with as many posts as you do really has been bitten by the coin collecting bug. When I was a young man I also collected coins for a period of time than stop. Now looking back I wish a hadn't stop. Good luck on building your Lincoln collection!
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Pillar of the Community
United States
4846 Posts |
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Pillar of the Community
United States
2734 Posts |
Assuming that the token machine that Adam_E encountered accepts regular Quarters, it would likely reject the silver Quarter because the electro-magnetic 'signature' of a 90% silver coin is different than that of a Copper-Nickel Quarter. The whole reason why 2000-up Golden Dollars are the odd composition that they are, is so that they would match the 'signature' of Susan B. Anthony Dollars, thus existing vending machines with electro-magnetic sensors that accepted Susan B. Anthony dollars would accept the Sacagawea and later Golden Dollars without any modifications. |
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Moderator
 United States
189222 Posts |
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...found this in the reject tray of the token machine! Very nice!  Quote:
(along with a Bahamas quarter which I spent on a gumball) No love for the Dark Side, huh? I would have kept it.   |
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Valued Member
United States
322 Posts |
Knowingly passing off foreign money as American legal tender is actually fraud and you could technically be prosecuted under federal law for spending that foreign quarter.
I often get foreign coins in rolls that I bought from Banks. If it is legally wrong, what should I do? Go back to the Bank where I got it and explain?
What I usually do, is putting it back in the roll and exchange it to another other Bank without saying anything. I don't know how you feel, I don't feel good buying bunch of rolls from a certain Bank, select and then return them to the same Bank. I feel like doing money laundering:) Luckily I live in the city surround with 160 Banks within 5 miles.
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Valued Member
United States
322 Posts |
DNA, No wonder I never succeed to get Silver Quarter or Dime, from roll hunting. I am doing OK on Half Dollar. I said OK as a collector doing coin searching as hobby, not if I count my hours. So far, I never seen any vending machine accepting Half Dollar, nor Dollar coin. I think, I have less competition there. I never buy Dollar coins, I might try soon.
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Pillar of the Community
United States
3098 Posts |
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Knowingly passing off foreign money as American legal tender is actually fraud and you could technically be prosecuted under federal law for spending that foreign quarter. Wow... does American law define Legal Tender that exactly? I thought as long as both parties accept it (as in a private transaction) there shouldn't be any problems. My friend (from Germany) and I frequently pay each other in euros and D-marks :D |
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Pillar of the Community
United States
2734 Posts |
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I thought as long as both parties accept it (as in a private transaction) there shouldn't be any problems. Private transactions can be paid in any manner that the two parties mutually agree to. If I want to pay you in bus tokens, and you want to pay me in Legos, this is perfectly legal (if both parties accept). The federal law refers to 'public' transactions, ie paying a business. In other words, you cannot misrepresent foreign currency as being U.S. currency in a public transaction. Then again, even businesses can take payment in any matter that they specify as being acceptable. Checks and Cards are not Legal Tender, after all! There was a 'controversy' a while back when the Pizza Patrón chain in the Southwestern U.S. started accepting Mexican Pesos as payment, but really this should not be an issue. If businesses accept non-Legal Tender payments via checks and cards every day, why should a business not be able to accept currency that is Legal Tender (albeit in another country)? Some businesses had accepted the "Liberty Dollars", which (unlike the Mexican Peso) were not "Legal Tender" in any country! Edited by DNA
05/10/2010 8:08 pm
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Replies: 17 / Views: 3,496 |
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Posted 05/07/2010 11:55 am
