Subj : Re: makes no cents To : August Abolins From : George Pope Date : Mon Apr 05 2021 13:46:53 > 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. But crypto is not as universally accepted/used. > 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? :/ That's different, in my non-lawyer opinion: you're simply reporting an error & asking them to correct it. Ideal would be to do it at the counter so everything is caught on camera. Bring a small postal(gram) scale; have a list with you of how much each roll should weigh. Do it all at the counter. I receive, say 20X$10 bills & 20X$5 bills -- Iu expect these to be counted out to me in front of me so I can confim I got the right amount. Coins should be the same. If their rolls do not have the right number on them to certify their being verified (or direct from Central Bank of Canada), you have every right to determine/prove you received the amount of money as on the trabsaction slip. > 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. The new bankbnotes are certainly good to last a long time. The old paper/cotton ones are being phased out(burnt) but remnain leal tender forever. Soon enough paper 50s & 100s will be universally rejected, except at banks(not credit unions, who are not bound by the Bank Act) I used to jhocularly ay I got a sneak peek at the new Cdn $5 coin, then I'd show a pic of a US nickel! I don't do that any more, because for a long while our $4 was significantly higher. > I have a handful of pennies, but not enough to produce a roll. Keep em for gits & shiggles. > 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. Fair enough; you had due cause not to trust this bank. > 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. Contact a federal ombudsmnan & report them -- this defies the Bank Act, I'd wager. > 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. Smart man! I used to have that ol' Canadianguilt, too, as I'd h old up linles to verify a price, especially when Scanning Ciode Of Practice medant they had to give me the first iten free & the rest at the correct, lower, price. I realized I'm doing every shopper there a favour by holding the store accountable to the policy they signed onto. I'd poit out,m loudly, if needed, that __I__ was not holding up the line -- tyhecashier was &/or store policy. At my former Safeway, the checkout manager had instructed all staf to approve everything under $10 without involving him (look at the request & use common sense, of course!) You're allowed up to $10 on the SCOP per UPC mispriced in the system. I got 16 $5 cherry pies for free (one a day) until they finally fixed the SKU. > 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. Don't accept this. YOU are the customer & it is YOUR money, not theirs. > 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. Some are like thgat & that as far as I've determined, is legal (the Bank Act only relates to Cdn legal tender & chartered banks) > 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. One of Brazil's currencies(former, perhaps) is the Réal. One real (R$1.00BRL) is currently $0.22CAD. Your friend, <+]:{)} Cyberpope, Bishop of ROM --- SBBSecho 3.14-Linux * Origin: The Rusty MailBox - Penticton, BC Canada (1:153/757.2) .