Subj : Re: makes no cents To : August Abolins From : George Pope Date : Sun Apr 04 2021 09:19:09 > 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) .