| Author |
 Replies: 25 / Views: 2,327 |
|
|
|
Pillar of the Community
United States
632 Posts |
To answer nod2003's question. Yes, all United States coins past and present are legal tender, with respect to some exceptions. My question is, even though they are supposed to be accepted, would they? If you turned them into a bank you could probably do it, but using a 2cent piece at a store? I don't think so. I've been turned down at stores for using fifty cent pieces and two dollar bills before, just because they didn't know what they were. One person said he wouldn't accept them because they were worth more money than face, which as we all know isn't true for clad pieces and circulated bills. Anyways, so yes. Half Cent, Two Cent, Three Cent, and Twenty Cent Pieces are all still legal coinage. Not to mention all the higher denominations such as the quarter/half/double eagles. Silver american eagles also have a face of one dollar so you could spend that as well. The 1oz. platinum american eagle has a face for 100$ so even though its worth like....$1500 you could legally spend it for one hundred dollars. Not to mention all the mint commerative coins are legal tender. I'm sure other people on this site can correct my mistakes but the only U.S. mint coins that aren't still legal tender are Trade dollars and coins that were never meant for circulation like the 1974 alluminum cent and the 1964 Peace dollar. |
|
Pillar of the Community
United States
673 Posts |
You know... the story goes that one of the fabled 1894-S Barber dimes was given to the young daughter of the person who had the dime....and promptly spent on something similar (might have even been ice cream ) by the little girl. Of course this was when it was minted, and it was worth a dime, but I think the owner knew it would be a rarity...Maybe someone knows the story better than I can remember it right now . |
|
Pillar of the Community
 United States
2224 Posts |
I am supposed to see the guy again monday or tuesday night and he was going to bring the coin to work with him; I will ask him if it ever crossed his mind to try to return the coin (I have a feeling what the answer will be!) I will also photograph the coin for all of you
|
|
Bedrock of the Community
United States
12437 Posts |
Quote:
Maybe someone knows the story better than I can remember it right now .
You are essentially correct. John Daggett was the Superintendent of the San Francisco Mint and he minted 24 1894-S Barber dimes for presentation specimens. He gave three of them to his daughter, Hallie, and told her to keep them until she was older but she promptly spent one of them at an ice cream shop. However, she kept the other two and sold them to a dealer in the 1950s and her provenance provided the true history behind the striking. The one presumed to be the piece that she released into circulation has a grade of Good so it floated for a while. Only nine are currently known out of the twenty four and most have problems. Edited by biokemist6
09/13/2008 9:53 pm
|
|
Pillar of the Community
United States
1807 Posts |
|
|
Moderator
 United States
188727 Posts |
Great link! I watched some of the others, too.  |
|
Pillar of the Community
United States
4541 Posts |
|
|
Bedrock of the Community
United States
17884 Posts |
Quote:I'm sure other people on this site can correct my mistakes but the only U.S. mint coins that aren't still legal tender are Trade dollars and coins that were never meant for circulation like the 1974 alluminum cent and the 1964 Peace dollar. Pretty much correct except that Trade dollars are legal tender too. Their legal tender status was restored to them by the Coinage Act of 1965. As for people accepting them, even though they are legal tender there is no law that says that anyone has to accept them. |
|
Valued Member
United States
80 Posts |
Part of it is ignorance by the public. I had someone refuse to accept the Presidential dollar recently. She really thought I was trying to cheat her.  |
|
Bedrock of the Community
United States
20753 Posts |
Some time back and just for the fun of it I tried to buy a newspaper with the old Mills that at one time were used for taxes. For example if something cost a dime and the taxes were one tenth of a cent, that, you would use a tenth of a cent Mill. I was flatly turned down by the newspaper seller. At a restaurant not long ago I left a few of thoes new presidentian dollar coins on the table as a tip. The waitress said loudly hey sir, you left some of your kids play money on the table. We have toll roads here and a few years ago some wise guy tried to pay for the toll with pennies (cents). The machine refused to acknowledge his payment. Try arguing with a machine. Not long ago a flea market I tried to buy a cup of coffee with 2 half dollars and was told we don't take foreign money here.
Money is money but if people don't know what it is, it could start a real argument.
Edited by just carl
09/22/2008 5:43 pm
|
| |
Replies: 25 / Views: 2,327 |
First Page
Posted 09/13/2008 4:49 pm
