Subj : makes no cents
To   : George Pope
From : August Abolins
Date : Sun Apr 04 2021 17:37:00

Hello George!

** On Sunday 04.04.21 - 09:19, youu wrote:

 GP> My bank taff mentioned it; I'm not a trusting sort, so I
 GP> looked up Canada's Bak Act (1913, IIRC) & rewad it to find
 GP> the truth -- yup, it's true per a more recent updated Act.

I too recall something to that effect. It sounds ludicrous  
though.  That's the sort of thing that would encourage me to use  
crypto and bypass the heavy-weight Bank of Canada.


 GP> Oh, rolls are legal tender, but UNROLLED coins, over half a
 GP> roll's amounmt for that denomination, are not required to
 GP> be accepted (ceretainly any retailer can accept anything
 GP> including buttons as payment.

I misunderstood. Sorry.  Ok...  so if "buy" a roll of coins from  
the teller, unwrap it, and find a shortage, then I can't "sell"  
them the "loose" coins and get my bills back?   :/


 GP> If a customer presents twenty loose pennies as part of
 GP> their payment, you're legally obliged to treat it as a fair
 GP> & legal payment, the same as with a $5 bill.

I think our $5 bills will be with us for a long time. And..  
considering that we have 3 concurrent designs of the $10 bill  
floating around, I don't see bills going out of fashion any time  
soon.

I have a handful of pennies, but not enough to produce a roll.

 GP> No anathema toward rolls to my knowledge/observation.  Some
 GP> grocery stores weigh the roll to compare the total grams to
 GP> a known weight for that denonimation.

When I first started operating my shop and needed to visit the  
bank to get coins, the bank was shorting me! I'd often find a  
nickle or two as a "spacer" in a roll of quarters, or I would  
find a short in a loonie or toonie roll.  Pissed me off.  As the  
teller would hand over the yet-unverified-rolls to me, they  
would scratch out the user account number to which that roll was  
associated. Then, after I left the bank and started to count the  
contents, that's when I would discover the shortage.  But with  
the numbers obliterated, the bank didn't have any idea who would  
have done that.

I told them that they should NOT be scratching out the numbers!   
But... I found out that they were lazy, and the scratching-out  
was their way to lie as if they had verified the contents of the  
roll.  In otherwords, they were handing me UNVERIFIED rolls of  
coins. As tellers, they were supposed to quickly unroll and  
count the contents - when they were less busy.

That is when I decided to buy a small portable pocket scale. I  
took that with me to the bank and weighed the rolls when they  
were handed over to me.  I could easily tell what range a valid  
count of coins would be.  I held up the line a little because of  
that, but I didn't care.

 GP> My bank takes my deposit & puts it into a ZipLok with
 GP> deposit slip(identifies me); if I was consistently shorting
 GP> them, they'd just take the short from my account &, if it
 GP> was a chronic problem, possibly sic the cops on me for
 GP> fraud/theft.  No worries, when I give a roll of cents, it's
 GP> always got 50 coins in it!

My bank was probably attempting to do the same thing by virtue  
of writing the depositor's account number on the submitted  
rolls.  But it is those same rolls that they simply gave to ME,  
apparently not counted and not verified beforehand.

 GP> A roll of American coins must be treated as currency a far
 GP> as exchange rates go (loose coins do not); the US banks
 GP> simply refuse Canadian coins, as a general rule, except in
 GP> cross-border shopping towns.

My bank does not accept *any* US coins, rolled or not.  I may  
get the odd US quarter dime or nickle in a roll of Canadian  
coins though.

 GP> -=-
 GP> Every single currency in this world is just an illusion, a social
 GP> construct but Brazil's real.

I don't get that one.


--
  ../|ug

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