> Hello George Pope!
> ** On Friday 02.04.21 - 07:45, George Pope wrote to Daryl Stout:
> GP> Interesting; I learned that unrolled coins, yp to the value
> GP> of a half roll arre legal tender, but over that amount,
> GP> not,..
> Have you just heard that, or do you know where that is stated?
My bank taff mentioned it; I'm not a trusting sort, so I looked up Canada's
Bak Act (1913, IIRC) & rewad it to find the truth -- yup, it's true per a
more recent updated Act.
> I haven't heard such a thing. As a retailer, I need to "buy"
> rolls of coins every once in a while. It would seem preposterous
> if the reverse, to USE rolls of coins to "buy" something in
> return wasn't legal tender. Infact, sometimes when I'm at the
> bank to get rolls, the teller that I would be in front of me
> would shout out to another teller that they "need to BUY some
> rolls.." of something. So, they are buying and selling full
> rolls amongst themselves, and then duplicating the same thing
> with me.
Oh, rolls are legal tender, but UNROLLED coins, over half a roll's amounmt
for that denomination, are not required to be accepted (ceretainly any
retailer can accept anything including buttons as payment.
If a customer presents twenty loose pennies as part of their payment, you're
legally obliged to treat it as a fair & legal payment, the same as with a $5
bill.
> Furthermore, every deposit costs me about a $2 fee. If I could
> not return that favour with a roll of nickles I would be
> outraged.
Oh, the rolls are legal tender.
> GP> ..go to back of line & repeat with same set of loose, mixed
> GP> coins! Until I get a "paid in full" receipt.
> GP> But, nahh. . . I was going to keep going back to get my 25c
> GP> of pennies changed to a quarter, at a time, at the bank,
> GP> but one took pity on me, seeing I had a bag of about $10
> GP> worth, & rolled them up for me in one transaction. (didn't
> GP> legally have to accept more than 25)
> I don't understand the anathema towards rolled coins to complete
> a purchase/sale, but not a lessor amount of loose coins. Maybe
> it has someting to with not trusting the general public that
> there are actually the full amount of coins in those rolls? But
> if a teller at the bank "sells" you a roll after you "pay" with
> bills, then they are to be trusted just because they are bank
> tellers and you are not?
No anathema toward rolls to my knowledge/observation. Some grocery stores
weigh the roll to compare the total grams to a known weight for that
denonimation.
No doubt they've had people bring in 47c rolls of pennies too often.
My bank takes my deposit & puts it into a ZipLok with deposit slip(identifies
me); if I was consistently shorting them, they'd just take the short from my
account &, if it was a chronic problem, possibly sic the cops on me for
fraud/theft. No worries, when I give a roll of cents, it's always got 50
coins in it!
A roll of American coins must be treated as currency a far as exchange rates
go (loose coins do not); the US banks simply refuse Canadian coins, as a
general rule, except in cross-border shopping towns.
Now for some ObJokes to keep this thread on topic:
I needed a place to keep my USDA inspected chicken strip
So I bought a wallet
Now my legal tender is safe
-=-
A Chinese guy in the U.S. goes to exchange his currency.
He exchanges CĄ10,000 and gets US$1,500.
The next day, he exchanges another CĄ10,000, but gets only US$1,499. He asks
why.
The exchange clerk says, “Fluctuations.”
The Chinese guy is shocked for a moment, and yells back, “Fluctuamelicans,
too!”
-=-
Q: What kind of currency do astronauts use?
A: Starbucks #sorrynotsorry
-=-
Superman lost all of his money in one evening on a digital currency scheme
It was his crypto night.
-=-
I had to throw out all of my danish currency
I didn't wanna catch the Kronervirus
-=-
Every single currency in this world is just an illusion, a social construct
but Brazil's real.
-=-
What would you do if all US currency turned in to cheese?
Personally I'd just start using a swiss bank
Your friend,
<+]:{)}
Cyberpope, Bishop of ROM
--- SBBSecho 3.14-Linux
* Origin: The Rusty MailBox - Penticton, BC Canada (1:153/757.2)
|