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 Replies: 27 / Views: 2,329 |
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Valued Member
United States
116 Posts |
Maybe the mint should bring the banks on board first? I live in North Carolina - one of the test states that the mint is spending a lot of money advertising the New Dollar coins on both TV and radio. About a month back, I decided to pick up a few rolls, went to the bank and they didn't have any. Went to another branch and they had 2 mixed rolls - old (small) dollars with a few new ones mixed in. Been to 5 branches (3 banks) and finally found one branch that had some, BUT - not at the teller window. They had to get the head teller to go back in the vault to bring them out. (it's the same way with the Kennedy half dollar - back in the vault) One state, one small area - but it appears the banks don't care much for the new dollar and until the mint can get them with the program they are wasting their advertising money. |
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Pillar of the Community
United States
3499 Posts |
hmm, maybe all of the advertising is causing people to buy them from banks and to hoard them rather than put them into circulation.
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Valued Member
United States
327 Posts |
Hmm, it's not that way here. I had to pay my personal property taxes in cash (two weeks late, naughty me) so between stopping at my bank (which I had to do anyway) and two others I was able to come up with $140 in Presidential dollar coins in about 30 minutes total. Boy, was I popular at the County Collector's office.  Yes, I paid my $128 tax bill in dollar coins. Ain't I a stinker?  Oh, yeah, I got a sealed roll of John Adams in this lot, too. I replaced those with some skanky Sac dollars I keep around for tips and will be putting those on ebay. EDIT TO ADD RELEVANT INFO: Guys, the tax I paid in coin is what the state of Arkansas calls "Personal Property". THIS IS NOT REAL ESTATE TAX. It covers vehicles, boats, camp trailers, ATVs, Personal watercraft, Airplanes, etc, basically anything that moves. This is just my tax on my cars, which most states roll right into the cost of registration instead of it being a separate tax like Arkansas does. Like yourselves, my Real Estate taxes were somewhat higher  Edited by SPQR
11/10/2008 08:06 am
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Valued Member
United States
128 Posts |
Your property taxes are $128. Wish I had that.
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Bedrock of the Community
United States
14454 Posts |
I live in a small town in NC and the banks around here says they only order a box when they first come out and disperse those to customers that want them and then they may order another box if customers keep asking for them but they said they don't have a huge demand for them and no one likes getting them so they don't like them laying around so if it weren't for the few customers asking for them specifically they wouldn't get any of them Quote:
Your property taxes are $128. Wish I had that. I don't know what type of property this is but mine on my house is almost 1000.00 a year in the small town I live in and I am sure its higher in larger areas like Charlotte and Raleigh so that may be just for a .25 acre of land with a bunch of trees and nothing else or maybe a vehicle because I think my trucks taxes are somewhere around that and its a 99 model the other cars taxes are a little higher |
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Valued Member
United States
327 Posts |
No, no, it's personal property, basically vehicles and boats. There's no way I'd pay my real estate taxes in coin, I'd need a wheelbarrow. |
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Pillar of the Community
United States
2734 Posts |
Quote:
CoyoteMoss: "Maybe the mint should bring the banks on board first? ...until the Mint can get them with the program they are wasting their advertising money." Yeah, no kidding!  I know people who are going around to banks looking for Dollar coins and coming up empty-handed at least half of the time. Lucky me, I live in Denver, so I have two additional options. You can get the currently minted "D" business-strike Pres. Dollar coins for face value at the Denver Mint, or you can buy a ticket to ride the Denver Light Rail System, whose ticket dispensers pay out all dollar amount change as Dollar coins (ex: buy a $1.75 ticket with a $20 bill, and you will get 18 Dollar coins and a quarter as your change). The Light Rail ticket dispensers are very random as far as the Dollar coins you'll get back: BU Susan B's, tarnished Sac's, new Pres. Dollars, circulated Susan B's; you could easily get a mix of all of those in $18 of change! Personally, I love using circulated Dollar coins to wash my car. They're much easier and faster to load than Quarters, but they're legal tender, so you can spend them anywhere. You're not locked into using them just at a particular car wash, as you would be with a $1 car wash token! Most of the car washes I see take Dollar coins, but don't dispense them in their changers.  (this could be another potential 'growth market' area for the Mint!) I even buy circulated Dollar coins out of cashiers' drawers, they love to get rid of them!  Of course, if you really want to spend a lot of Dollar coins, there's the Mint's "Circulating $1 Dollar Coin Direct Ship Rolls" program: http://catalog.usmint.gov/webapp/wc...tegory=16238Edited by DNA
11/09/2008 6:34 pm
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Valued Member
United States
442 Posts |
I have YET to get one back as change (Presidential that is). My boss does order them from the bank but of course he's a coin dealer. Full boxes but we end up with most for resale. Now that's just silly if you think about it.
They wouldn't order them if they didn't know they could move them IMMEDIATETLY.
Apparently some other banks get them as people are hoarding them. How do I know? They come in with coins to sell and I see my share of circulated Ikes, Susie B's, Sacs and even Presidentials. I tell these people to spend them.
In order for these to really get accepted we need to get rid of the $1 bill. As a paper money collector that is irritating to me but it's also a reality.
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Pillar of the Community
United States
2734 Posts |
Quote:
clembo: "I have YET to get (a Presidential) back as change." Cashiers (as a general rule) won't give any Dollar coins present in their drawer back as change, unless the customer specifically asks for them. This means that the coins usually end up going back to the bank or the armored car company, which in Denver would mean that they end up back in the Light Rail ticket vending machines. The same would apply for Dollar coins received in car washes (since the car washes don't dispense them...  ). I do tell the cashiers how convenient it is to use the coins to wash my car! ( Maybe the MINT should ! ) In Denver, almost all circulated Dollar coins in cashiers' drawers will be from Light Rail riders spending their change. Tonight, I got eight circulated Golden Dollars in change from my local pizza shop (Three Pres., five 2000 Sac's). Yes, I asked for them. On some occasions, the Light Rail ticket vending machines are loaded with new BU Presidential dollars, but those never seem to show up in other businesses' cash drawers like the circulated coins do! Amusing PS: I saw a guy bring in some Presidential dollars to a coin shop, and he thought that they were Gold coins! I'll have to assume that he'd never seen them before... Edited by DNA
11/09/2008 10:51 pm
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Pillar of the Community
Australia
1040 Posts |
What is personal property tax?
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Pillar of the Community
United States
591 Posts |
I have found the self check out at Walmart here takes the newer $1 coins lol. SO the ones I don't give out for change in my cab or keep I use there. |
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Pillar of the Community
United States
3098 Posts |
Quote:
What is personal property tax? Aussies don't have them?! Lucky! Anyways in simple language, it's something that the government takes, not something you pay. Basically the government assesses your land every year and tell you to pay a percentage of your land+improvements(the house) market value Anyways, I think I'm a part of the problem. I just pay everything with a credit card. And when people try to offer me dollar coins as change, I will ardently go through my wallet for $1s to make that amount into a five. Edited by wd1040
11/10/2008 12:08 am
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Rest in Peace
United States
3730 Posts |
I also live in Colorado, and have made the trip across the Continental Divide countless times to spend time in Denver. I've also used the Light Rail and received dollar coins in change. In fact I'll be in Denver later this month to watch the Av's play, and will be riding the Light Rail again. It passes right by our hotel. Anyway, the thing I don't understand is why the Government doesn't save its money, which is lost on advertising. As we all know -- it's a matter of getting rid of the $1 bill.  |
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Pillar of the Community
United States
2540 Posts |
SPQR
$128 in property taxes?
If I tried that (paying my taxes) in Presidentual $'s I get a hernia.
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Valued Member
Singapore
104 Posts |
no property tax in australia? that's great
^why get rid of the dollar bill?
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Bedrock of the Community
United States
12437 Posts |
It seems that there is a bit of confusion in this thread leading to the discussion of two separate things. Personal Property Tax- a tax paid on personal items- usually automobiles, boats, RVs, motorcycles, etc This is an annual tax in addition to the sales tax paid when an item is purchased. Not all states have this tax so some may not know that this is completely separate from property taxes. The taxing entity is usually at the state level. PP taxes are relatively small and they decrease based on the depreciation of a vehicle. I owe $90 this year on a 2000 model car but my wife bought a new vehicle last year(about $20,000) and her tax is $400  Property Tax- an annual tax paid on real estate(land or building). I believe that every state in the US has a property tax and it is generally assessed by a local municipality or county. This tax tends to increase over time as the value of real estate increases. Property taxes usually fund a local government or a school district and property taxes tend to be measured in thousands of dollars, not hundreds. Edited by biokemist6
11/10/2008 1:56 pm
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Replies: 27 / Views: 2,329 |
Posted 11/09/2008 07:41 am
