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Are You Ever Tempted To Spend A Rare Coin At Face Value?

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CoinAdvocate's Avatar
United States
132 Posts
 Posted 12/10/2024  8:30 pm Show Profile   Bookmark this topic Add CoinAdvocate to your friends list Get a Link to this Message Number of Subscribers
Hey all,

Sometimes I wonder and pontificate on the idea of spending something like a $5 gold coin to buy a coffee. I play the idea out in my head and wonder what would happen. Would the cashier be intelligent and swap it out? Would they have no idea what they're looking at and say they can't accept it? Would they put it in the register for some other lucky individual to find?

Does anyone else ever think about this?

Let me know your thoughts!
It is not enough to merely enjoy coins; one must Advocate for them!
Pillar of the Community
United States
599 Posts
 Posted 12/10/2024  9:03 pm  Show Profile   Bookmark this reply Add sickpuppy78501 to your friends list Get a Link to this Reply
If they don't recognize it, they won't take it.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/10/2024  9:06 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Endless possible answers to this question, I'll pass.
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Marve65's Avatar
United States
5724 Posts
 Posted 12/10/2024  9:08 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list Get a Link to this Reply
Uhhhh......NO!
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Marve65's Avatar
United States
5724 Posts
 Posted 12/10/2024  9:09 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list Get a Link to this Reply
Thinking about it NOW is the time for A Coinfrog answer as - "How stupid is this thread"
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Spence's Avatar
United States
33110 Posts
 Posted 12/10/2024  9:22 pm  Show Profile   Bookmark this reply Add Spence to your friends list Get a Link to this Reply
Be nice @marv. Please.

Interesting question @coin. It reminded me of this article (hidden behind a paywall) about how in the 1990s, folks at the ANA used to spend a 1909 S VDB during that convention.

https://www.washingtonpost.com/arch...3b77b43691a/
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Marve65's Avatar
United States
5724 Posts
 Posted 12/10/2024  9:26 pm  Show Profile   Bookmark this reply Add Marve65 to your friends list Get a Link to this Reply
Sorry Spence - to read the article made have to sign up for the WaPo -

Quote:
Be nice @marv. Please.

You got it....
Edited by Marve65
12/10/2024 9:31 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 12/10/2024  9:29 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Can't read the article as a non-subscriber, maybe I'm missing something.
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Greasy Fingers's Avatar
United States
6120 Posts
 Posted 12/10/2024  9:50 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply

Quote:
Would they have no idea what they're looking at and say they can't accept it
Try it first with Ike dollars...I spent 3 of them at a Diaso store near me, the clerk said with a puzzled look on her face..."what the heck are these" I said "dollar coins" she responded "US ?" She studied those coins for about a half a minute before dropping them in the til.
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CoinAdvocate's Avatar
United States
132 Posts
 Posted 12/10/2024  9:52 pm  Show Profile   Bookmark this reply Add CoinAdvocate to your friends list Get a Link to this Reply

Quote:
Thinking about it NOW is the time for A Coinfrog answer as - "How stupid is this thread"


I would assume that if you believe a topic is beneath you to reply to you would do just that, ignore it. Instead, you have taken the time to not only bring a fellow CCF member down but also bring up your post count.

If you don't want to participate then don't. It would then be on me to recognize that my post wasn't well thought through and post more qualifying posts in the future. Replying like this does not encourage others to share or help us grow.
It is not enough to merely enjoy coins; one must Advocate for them!
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Errers and Varietys's Avatar
United States
59473 Posts
 Posted 12/10/2024  10:35 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I would never spend a rare coin at face value. I would keep it and then maybe sell it.
Errers and Varietys.
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Pacificoin's Avatar
Canada
5177 Posts
 Posted 12/10/2024  10:36 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
That would be one very expensive coffee !
Heck a five dollar gold buys a pretty nice
Weekend in Vegas from our part of the world !
As an aside almost no one alive today has used
a Gold coin in a commercial transaction .
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CoinAdvocate's Avatar
United States
132 Posts
 Posted 12/10/2024  11:12 pm  Show Profile   Bookmark this reply Add CoinAdvocate to your friends list Get a Link to this Reply
I know it sounds kind of crazy to spend a $5 gold piece on coffee. Although, I'm sure if any of us were rich enough to do so flippantly we would perform such an action in one form or another.
It is not enough to merely enjoy coins; one must Advocate for them!
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spru's Avatar
United States
12442 Posts
 Posted 12/11/2024  03:51 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
I have certainly entertained the idea many times, but I would never go to that length. If I thought it wouldn't cause confusion, I might try to spend a common Morgan or Peace at face. However, I suspect that any of these coins would be met with suspicion and varying degrees of trouble so as to not make it worth the effort. Ultimately, the person who benefits from the exercise will not be who you imagined and it won't bring any satisfaction. Or, maybe I'm just a cynic.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
12/12/2024 03:28 am
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Dearborn's Avatar
United States
71779 Posts
 Posted 12/11/2024  07:07 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Well in my current financial situation, I would say no way, but if I was rich and had Krugerrands falling out of my back pocket, then quite possibly I 'might'.
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NumisRob's Avatar
United Kingdom
16726 Posts
 Posted 12/11/2024  08:50 am  Show Profile   Check NumisRob's eBay Listings Bookmark this reply Add NumisRob to your friends list Get a Link to this Reply
I've spent hundreds of 1971 British 1p's and 2p's and dozens of Peter Rabbit, Mrs Tiggy-Winkle and Battle of Hastings 50p coins, and according to some 'experts' on ebay they are all extremely rare and worth thousands of pounds each!
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