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Eisenhower dollar..Whats wrong with this?
Kristalm
Posts: 7 ✭
I plucked this out of circulation about 3 months ago. I've looked at it for a while now. Is this a counterfeit, over greased die? Would it be worth anything in this condition? No major marks on it anywhere. I need help to figure this one out.
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Post-mint damage
First time anyone has said that. How would this damage occur? Just curious....
Acid.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Agree post mint damage.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Maybe acid. Could also be an arc welder or something of that nature. It looks like someone was killing time by abusing IKE.
looks like the coin was left in an acid bath of some sort. Could have been an experiment or prepping to make this dollar into a belt buckle or some such thing..
What does in weigh in grams? The weight of a normal Ike is: 22.68 grams
Post mint damage...dipped in acid.
Here is another example.
Post-mint damage.
AND, saying that you plucked an Eisenhower dollar out of circulation is most very dubious. Likely some form of dissimulation. Maybe if you work in a liquor store. I know of nowhere that will routinely accept one.
It weighs 23.30 grams
I have gotten ALL of my coins out of circulation. I also have found a proof Eisenhower. And it's American money. No place can refuse them. I live in monroe, MI where the banks also carry these. Here a picture of the proof I found at my local gas station.
Post mint damage
Sometimes the dragon wins
What was within the answer you received within the linked thread below that didn't satisfy you?
https://forums.collectors.com/discussion/comment/12462565#Comment_12462565
peacockcoins
Acid dude! It was the 70's.
Great transactions with oih82w8, JasonGaming, Moose1913.
Just to stick up for the op a little, was advised to start a new thread in the thread you linked to.
JBK
@Kristalm you might consider starting a new thread to get a wider audience.
Would love to hear more input.
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It is perfectly legal to present an Eisenhower Dollar as payment.
But nobody has an obligation to accept it if they don't want to.
PS:
1973-S proof Ike Dollar = nice "change find".
dcarr, I was always under the impression that any and all "legal tender?" must by law be accepted for any transaction. Please explain. Thanks.
I understand where you're coming from and it does seem somewhat odd. But, several years ago I got a proof Kennedy Half in change. In my case though the lady at the register knew that I collect coins so she saved it for me. I'm sure she didn't know it was a proof but either way it is possible.
The present legal tender law in the U.S. is Section 5103 of title 31, United States Code, which reads:
United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.- Cornell law
So I do believe they would have to accept any us legal tender to include the denomination in question
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
"I was always under the impression that any and all "legal tender?" must by law be accepted for any transaction."
The simple answer.
An ever changing world.
There are transactions today that can only be made electronically.
Vendors are no longer required to accept all forms of payment.
True electronic payment is up to the vendor. However all us currency is legal tender and if the vendor accepts us currency they cannot legally refuse any denomination. I could pay for my ram 1500 limited in pennies. Dealer would be less than pleased no doubt.
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
Legal Tender Status
I thought that United States currency was legal tender for all debts. Some businesses or governmental agencies say that they will only accept checks, money orders or credit cards as payment, and others will only accept currency notes in denominations of $20 or smaller. Isn't this illegal?
The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues."
This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
Post mint damage however it was done
Interesting... Personally, I've never seen an IKE in circulation.
People do turn them in to the bank, sometimes a roll. Infrequently, but once or twice a year. At least around here. The pretty tellers save them for me. I get all the Kennedy Halfs too. Sometimes there's silver involved. But that's my secret.
Wow, that's totally wrong.
I go to Vegas at least twice a year "on the average" and have been doing so for well over 20 years now. However, I quit playing slots for the most part over 10 years ago. That's before most casinos switched to paper ticketing systems for their slots. Even back then most were using their own custom Dollar tokens. Seems all (or most) tokens would work at all casinos since I found lots of tokens in slot payoffs from a lot of different casinos. (Don't recall seeing any IKE's, but that was 10+ years ago) Matter of fact I have a Whitman Casino Token Book full of them if anyone is interested in seeing pictures) I only play table games these days and out of the 100+ casinos in Vegas, I wouldn't be surprised if there are a few that have some old token or IKE dollar machines that are still in use for nostalgia purposes. (Although I haven't seen nor looked for them)
Hey,CCGGG, I understand what your saying. I was trying to make a joke. Back in the 70's it was common to get Dollar coins in change in Vegas. Not anymore. Hey,....when I was a kid Morgan's and Peace dollars were common everywhere in Nevada, Utah, Idaho, Wyoming, and Montana. By the way.....good luck at the tables! I HATE Las Vegas. But the lovely Mrs. Hydrant and the Hydrant daughters-in-law love the place. I'll be there on Tuesday on my way to Utah.......Rather sleep naked in a blizzard than to be in Lost Wages! Oh well,....gotta keep the gals happy.
PMD.
I can remember as a kid being able to go to the bank back in the early 60's and asking for silver dollars. Back then I could still get them for a dollar bill exchange. Mostly Peace dollars if I remember correctly. But I never saw any in circulation. Of course that was well before my trips to Vegas...
BTW, I found one picture of my Casino Token Book... Haven't looked at them in years. I think I have about 50 or 60 different tokens altogether. They are not worth much but an interesting collection and lot's of memories.
By the way, when you hear someone say "what happens in Vegas, stays in Vegas", they are talking about your money!
I like your Casino Token Dollars album. But I still don't like the town. LOST WAGES. Good luck my friend!
Very surprised it weighs more than in should. Still think its Post Mint Damage. A coin struck thru grease looks different.
Oh the abuse that is put upon our "children" (PMD coins).
@Kristalm....Welcome aboard... Your coin has PMD....The weight is strange...could some of that 'damage' be glue on the surface? Just a guess....Cheers, RickO
@Kristalm
Appears it’s in an album. Use it as a placeholder until a better example is found to replace that PMD Ike.
Enjoy the hobby!
HOWEVER, is a vendor (any type of vendor) under lawful obligation to accept it for payment of a lawful debt???
Being legal tender, does not necessarily mean this LT also has to be accepted.
No numismatic value.
I had 20 IKE's and my own bank would not take them initially. They did not know what to do with coins that could not be rolled. They eventually took them when I explained it was just an older coin.
A normal business transaction is not a "debt", rather an exchange. So your car loan or home mortgage could be paid with an Ike. But the convenience store, or vending machine, or in-flight entertainment system, etc. does not need to accept Ikes.