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 Replies: 14 / Views: 1,349 |
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New Member
Canada
1 Posts |
I'm very curious on this topic as I've always wondered what happens to these coins when people try to turn them in. they aren't UNNACEPTABLE from most businesses per se but I still wonder what happens to coins that are uncirculated but not un-usable
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Bedrock of the Community
United States
48578 Posts |
( I'm no pro, it's just my humble opinion )
Searched 6.5 +/- Million Cents Since 1971
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Pillar of the Community
Canada
914 Posts |
The increasing frequency with which some businesses refuse to work with cash is odd. I mean, I get it, but the service charges associated with credit cards surely add up. And more to the point, any coins or bills produced by the mint are legal tender everywhere in the country. I don't really understand the reasoning behind not taking them.
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Pillar of the Community
Canada
4644 Posts |
Stores won't take them because they've never seen one, same with nickel dollars. I get a $250 bag of mostly UNC nickel dollars and 50 cent pieces at the beginning of every golf season. They are strictly used for tips to the cart girls or patio people for beer tips ... they absolutely love them, though at first they don't know what they are. Some who have worked at the club for 4-5 years have scores of them and they compare dates and trade. Banks take them no problem.
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Valued Member
Canada
478 Posts |
Canadian Banks absolutely accept all legal tender, including 50C pieces.
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Pillar of the Community
Canada
6229 Posts |
I take $1 and $.50 cent coins to the bank all the time. I do try and take them ($1 to $2 hundred) to a bank that is in another town 4 hours away so that I don't get them back when looking for new ones.
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Pillar of the Community
Canada
4504 Posts |
Our Chartered Bank takes them for deposit no questions .
Our Credit Union , not a chance . After checking into it
they are under no obligation to accept them either .
We don't like handling them when we buy collections
and either pass and tell the seller to bank them or for the
AGRO pay 80 per cent of face and accumulate then til
there is enough to spend 10 dollars a gallon to go to the bank .
Strictly speaking they are an absolute pain to deal with .
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Pillar of the Community
Canada
1101 Posts |
I put a bunch in 2X2's this hallowe'en and gave them out instead of candy, they get plenty of candy by the look of their bags.
Cheers, Bill
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Moderator
Canada
10315 Posts |
Quote:
I put a bunch in 2X2's this hallowe'en and gave them out instead of candy, they get plenty of candy by the look of their bags. Bill, I absolutely love that! Sowing the seeds for a new generation of collectors.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Valued Member
United States
68 Posts |
This reminded me that about 15 years ago my wife went into the US Mint store in DC to buy some rolls of new nickels. She went to pay with Sacagawea dollar coins and they refused. She asked for a supervisor and kindly explained that you made them, you take them--they finally did. Unbelievable but true. |
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Valued Member
Canada
315 Posts |
the 2 denominations have not been demonetized so they valid tender...but no bank or merchant technically has to accept any tendered currency.
That said the biggest problem is that most tellers are not aware that there are 50 cent coins or nickel dollar coins
Also here I have not had difficulty depositing or cashing those coins (although I tend to buy them far more often than sell them ) but I am known to tellers and managers where I bank
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Pillar of the Community
Canada
1110 Posts |
Hounddog Bill, what a great idea, cudo's. Hope you don't get tooo many kids.
"We are poor little lambs...who have lost our way...Baa...Baa...Baa"
In memory of those members who left us too soon...
In memory of Tootallious March 31, 1964 to April 15, 2020
In memory of crazyb0 July 27 2020. RIP.
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Pillar of the Community
Canada
728 Posts |
CIBC will not take nickel dollars or halves.
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Moderator
United States
120816 Posts |
 to the Community!
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Pillar of the Community
United States
641 Posts |
You can also try swapping them on Numista.com
I find that they're very popular with other collectors
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Replies: 14 / Views: 1,349 |
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Posted 11/12/2022 06:43 am
