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Replies: 17 / Views: 5,049 |
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New Member
United States
31 Posts |
Is it still possible to use Half Cent coins at gas stations when the gas includes a fraction of a cent >= .005?
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Pillar of the Community
United States
1713 Posts |
I think you'd be hard pressed to find anyone who would accept a Half Cent for anything now a days. Most people would think you were trying to pull a prank or something. The only people I think you'd find to take you up on that offer would be a fellow numismatist.
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Pillar of the Community
United States
3234 Posts |
Half Cents are legal tender everywhere. However, no merchant (that I've ever heard of) prices anything in increments less than 1 cent so you'll have to use at least 2 of them!
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Moderator
 United States
6563 Posts |
I'll take it 
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Pillar of the Community
United States
1952 Posts |
I would gladly take them and give change too lol Prethen I don't think they are legal anymore as they were demonitized spelling is probably wrong but I hope you know what I am trying to say Gary
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Pillar of the Community
United States
3234 Posts |
Nope...they're legal. They were legalized in 1965. All of it's legal, including Trade dollars now.
Edited by Prethen 11/20/2007 8:24 pm
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Pillar of the Community
United States
2443 Posts |
You would have to be crazy to spend them, though.
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Bedrock of the Community
United States
19935 Posts |
quote: You would have to be crazy to spend them, though.
Indeed. LOL
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Pillar of the Community
United States
827 Posts |
anyone ever try spending the blue chips that are worth one tenth of a penny? I did that once and the cashier lady did not take them, but then one across the street did lol
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Valued Member
United States
314 Posts |
Coins that should never be spent and dealers will buy from you at more than face value. If you find these dont spend them. 1. Any coins pre 1900 , Half Cents, Half Dimes, 3 cent coins etc 2 Pre 1964 silver dimes, quarters, 3. Pre 1970 half dollars, Reason silver 4. Ike , Peace, morgon dollars. Dealers pay 1.50 for ikes, 7 bucks for others 5. Any 1909 thru 1958 wheats pennys since they are worth more face. Worth about 3 cents each in bulk rolls or bags. 6. I am starting to remove 1959 thru 1981 copper cents from circulation since they will pay 100 bucks for 50 bucks face on ebay. Its for metal like the old pre 1964 silver coins. Investors are buying junk copper pennys for metal. 7. On sac dollars and half dollars they are all 2002 to 2007 coins. They onley sold from us mint for colletors and not be used for spending money. They are called NCLT coins. Non circulating Legral tender is what goverment calls them. 8. Proof coins or any mint set coins from us mint. These are NCLT coins. 9. An coins such as Silver eagle coins, Commems coins. They are NCLT coins from Goverment. 10. Pre 1960 nickels . They are worth money to coin guys. So if you have the above coins . Please refrain from spending them and call your locol coin dealer about selling them to him for over face value becides throwing money in trash can that will be lost spending them at face value. Regards Chevrolet454ss
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New Member
 United States
31 Posts |
---Prethen I don't think they are legal anymore as they were demonitized spelling is probably wrong but I hope you know what I am trying to say Gary --- Were they really demonetized? According to Wikipedia, "Demonetisation is currently prohibited in the United States; the Coinage Act of 1965 (quoted in the previous section) applies to all U.S. coins and currency regardless of age. The closest historical equivalent in the U.S., other than Confederate money, was from 1933 to 1974, when the government banned most private ownership of gold bullion, including gold coins held for non-numismatic purposes; but today, even surviving pre-1933 gold coins are legal tender under the 1965 act." ---Nope...they're legal. They were legalized in 1964 I think....I forget the year. All of it's legal, including Trade dollars now.--- I thought that it was just gold coins that this refers to. Half Cents aren't gold, so how would 1965 act change anything? So, how far back does it go anyway? If I bought King George money, could I still spend it? Are post-Revolutionary 1770s coins still spendable?
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Pillar of the Community
United States
3234 Posts |
One site (WikiAnswers) sums it up quite nicely: "Legal tender refers to lawful money issued by the central bank or mint of the country. In the US all coins ever issued by the Mint for commerce are still considered legal tender, worth their face value."
Snopes.com has this to say: "Up until the late 19th century, pennies and nickels weren't legal tender at all. The Coinage Acts of 1873 and 1879 made them legal tender for debts up to 25 cents only, while the other fractional coins (dimes, quarters, and half dollars) were legal tender for amounts up to $10. This remained the law until the Coinage Act of 1965 specified that all U.S. coins are legal tender in any amount. However, even in cases where legal tender has been agreed to as a form of payment, private businesses are still free to specify which forms of legal tender they will accept. If a restaurant doesn't want to take any currency larger than $20 bills, or they don't want to take pennies at all, or they want to be paid in nothing but dimes, they're entitled to do so (but, as mentioned earlier, they should specify their payment policies before entering into transactions with buyers). Businesses are free to accept or reject pennies as they see fit; no law specifies that pennies cease to be considered legal tender when proffered in quantities over a particular amount."
Edited by Prethen 11/20/2007 5:51 pm
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Pillar of the Community
United States
1952 Posts |
Thanks Prethen that some good to know info Gary
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Bedrock of the Community
United States
17884 Posts |
quote: i don't think they are legal anymore as they were demonetized
Actually Half Cents were never legal tender UNTIL the coinage act of 1965 Snopes has it fairly close but they have some inaccuracies as well. Cents and Two Cent Pieces were first made legal tender in 1864 to I believe 20 cents. Three Cent Silvers were legal tender when they were first issued in 1851 to 30 cents, copper nickels ones in 1865 also to 30 cents. Nickels were legal tender in 1866 to 60 cents. The fractional silver coins had unlimited legal tender status until 1853 when it was reduced to $5 and then raised in $10 in 1873. Silver dollars and gold coins have always had unlimited legal tender status (Even after the "Crime of 1873" when the silver dollar coin was dropped from the list of US coins, the existing ones still had unlimited legal tender status. Contrary to what the politicians of the time tried to get the people to believe during the debates over the Bland Allison Act in 1877-78.) The Trade dollars was limited to a legal tender status of $5 from its inception until 1876 when legal tender status was stripped from the coin and it was demonetized. It did not regain Legal Tender status until the Coinage Act of 1965 restored it.
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New Member
 United States
31 Posts |
What about the Rosa Americana coins? How much is a farthing worth in cents nowadays? What about a two pence?
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Bedrock of the Community
United States
20753 Posts |
That is an interesting question actually. Think about it. Everywhere you go prices are like $2.97, $18.99, etc. And gas is always $0.3199 or $0.3397 or something stupid like that. So why is it when your done pumping gas the prices are always and even amount? Where does the $0.0097 go? At a store when the price is 2 for $0.99 and you buy one, why is it you pay $0.50? Who is getting all that extra money? Way, way back there was Mills so if the price was $1.9937 you could pay that amount. Each Mill was $0.0001 and some were $0.005. Now it's just round up and we all pay the extra.
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Replies: 17 / Views: 5,049 |