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Replies: 21 / Views: 3,889 |
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Valued Member
United States
477 Posts |
I was looking for a funny video of someone trying to purchase something in Half Cents as a joke. Does anyone have a funny video of someone trying to do this? I would assume the cashier would just refuse the coins but I was looking for a funny video of someone trying to do so. Does anyone have one? I can't find one.
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Bedrock of the Community
United States
12057 Posts |
Half Cents were demonetized in 1857 before being made legal tender again in 1965. By 1965, they were already considered scarce and quite valuable; the odds of someone having enough examples to attempt to purchase anything costing more than a few cents would have been quite high. Furthermore, what would they have done if the cashier completed the transaction? After 1965, the cashier couldn't, by law, refuse the Half Cents, anymore than they could refuse a $2 bill or a Buffalo nickel. Closest modern thing I can think of is the jokers that tried to pay their mortgages in cents.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Valued Member
 United States
477 Posts |
Wait what? Really? I didn't know that they were demonetized and they remonetized in 1965? This can be done were a denomination of currency is no longer considered legal tender and then several years later reinitialized as legal tender  ? I didn't know about that. I thought that the coinage act of 1965 made non precious metal coins legal tender? Hmm interesting I'm learning something new. It just seems odd to make a coin no longer legal tender and then make it legal tender again several years later  . I was also wondering if someone has some examples of much things cost in Half Cent pricing? Like when it was legal tender was a sandwich like $1.995 or something? I can't find any.
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Bedrock of the Community
United States
12057 Posts |
Half Cents were not much used even when they were current in circulation in the early parts of the 19th century. For the most part, they were scarcely seen in commerce after the 1820s at the latest, which is why there are many 1820s-1830s + the Braided Hair Half Cents in au-unc condition. During that time, they were competing with foreign coins as well such as Spanish 1/2 reales (1/2 real being equivalent to 6 1/4 cents.) They were actively hoarded by the time of their demise in 1857 since the copper in the Half Cent was worth quite a bit more than the nominal 0.5 cent denomination, and by that time, change in general was hoarded and merchants were using fractional currency, store cards and other privately-issued means of making change. I can't think of many transactions where they would have been exceedingly useful even back then. Perhaps staple goods such as milk, wheat, oats, etc. which were sometimes sold in half-cent quantities, e.g. milk 5 & 1/2 cents per gallon, so on.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
Edited by paralyse 04/10/2016 6:54 pm
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Pillar of the Community
 United States
2843 Posts |
I will make you a deal. You send me 212 Half Cents and I will upload a video to YouTube of me trying to but a dollar item in a local dollar store for $1.06 including tax using those coins. Will make everyone happy.
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Bedrock of the Community
United States
12057 Posts |
Quote: You send me 212 half cents This is what I was getting at in my first post  Assuming you found a great deal on common date Half Cents and could buy them in very worn / damaged condition for $30 each, you'd need to spend $6,360 to buy those 212 Half Cents to make such a video possible.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Valued Member
 United States
477 Posts |
hmm people horded Half Cents because their copper content was worth much more than a Half Cent... Sounds very similar to copper memorial cents. Interesting do you think the same thing will happen with modern day copper pennies 1982 and prior?
Edited by greenprint 04/10/2016 7:11 pm
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Valued Member
 United States
477 Posts |
How much was the copper in a Half Cent worth in 1857? Hmmm... I can't find the historical data to go back that far. Does anyone know? I'm wonder how much the copper was worth in the Half Cent in 1857 to see how much times face it was when people started to hoard it. And wait they were discontinued in 1857 and demonetized and monetized as legal tender in 1965?
Edited by greenprint 04/10/2016 7:22 pm
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Pillar of the Community
 United States
3058 Posts |
I would love to see a video like that!
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Valued Member
 United States
477 Posts |
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Pillar of the Community
United States
4415 Posts |
Greenprint ... I suggest that you try making a video of drive-thru purchases being attempted with half dollars. Since most kids nowadays don't know what they are, that video would be a hoot ... AND a toot from all the cars waiting in line!
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Bedrock of the Community
United States
20753 Posts |
If you look into it not long ago many places had coins called Mills. They came in either 1/10 or 1/2 of a Cent and were used to pay taxes on items. I have a roll of them from Missouri.
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Bedrock of the Community
United States
17884 Posts |
Quote: Half cents were demonetized in 1857 before being made legal tender again in 1965. Half Cents were discontinued in 1857 not demonitized. They couldn't be demonitized because they never were legal tender in the first place. They were made legal tender possibly in 1933, and definitely in 1965. Quote:After 1965, the cashier couldn't, by law, refuse the Half Cents, anymore than they could refuse a $2 bill or a Buffalo nickel. Sure they could, there is no law that requires you to accept legal tender.
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Bedrock of the Community
United States
12057 Posts |
Duly noted, Conder. Thank you for the corrections.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Pillar of the Community
United States
6130 Posts |
I don't think that people would react any differently than if you handed them a fist full of any miscellaneous 19th century world coins--confusion and "I'm sorry, we can't take these". I consider myself a fairly serious collector, and I have never actually held a Half Cent of any design in my hands. I did see a video where someone tried to use a gold $20 at a Taco Bell, and it was refused. Likewise, I know that some of the more eccentric members here do like to spend cull 2 and 3 cent pieces. I had a garbage 3CN that I won for $0.13 on ebay thanks to combined shipping... thought long and hard about spending it, then decided to sell it on ebay in a lot.
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Pillar of the Community
United States
757 Posts |
Gas is usually taxed at Half Cent intervals. You could try and get a gallon of gas and use one Half Cent instead of letting them round up the tax on the sale. It could be a pretty interesting legal issue too. How many people get overcharged daily when filling up their vehicle?
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Replies: 21 / Views: 3,889 |