do you use a golden dollar in everyday use?
shanks82
Posts: 121
I just went to the bank and tried to get a roll of golden dollars and the tell had to go to a few tellars and collect their spare dollars in order to get 20. Is this normal? How much do you use the golden dollar?
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The pharm tech looked at them funny, and asked if they were gold
For some reason, I remember this occasion very clearly.
However, I have spent a few on occasion.
<< <i>Once in a while. I have a couple of rolls from a few years ago, and I grab a few from time to time. I usually don't carry any change. I have gotten them in change at the train station, from the parking fee machine ($3 fee. Insert a $5 bill and get 2 Sacs as change), never in a store. >>
I wish my train station parking machine took dollar coins! The fee is $2 -- I tried two Sackies; it rejected them. I think inserted a $5 -- and got twelve quarters change. Sounded like I had won the slots -- but I wouldn't describe lugging twelve quarters around in my pocket as a "win"
I did this for kicks one time. I owed someone some money, so I went to the stamp machine in Walmart and got myself $100 worth of Sacs out of it and then paid them in $1 coins!
nwcs: techically, no one has to accept any and all forms of legal tender payment.
From the U.S. Dept. of the Treasury web site:
<< <i>Question - 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?
Answer - The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 102. This is now found in section 392 of Title 31 of the United States Code. The law says that: "All coins and currencies of the United States, regardless of when coined or issued, shall be legal-tender for all debts, public and private, public charges, taxes, duties 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. >>
My bank always seems to have them. Not BU ones exactly and often with old SACs mixed in, but I can always get rolls.
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Every time I use a stamp machine at the post office (often they aren't working
My bank tries to give 'em away.
Lots of SBA's and circulated, gunky brown SAC's.
<< <i>My bank tries to give 'em away. >>
Where, exactly, is this bank that gives away money? I've never seen one...
I've been using Ikes as well lately. I have to pay a premium to get them but it is fun. (I never carry more than a couple though, too heavy.
I look forward to the day they become mainstream.
The looks on their face reminds me of a dog looking at a phonogragh!
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<< <i>The looks on their face reminds me of a dog looking at a phonogragh >>
LMAO...I know that look!
If I get them, they either go in the church collection or as a tip to a friendly bar maid.
People are just too used to using paper. So, if the government wants to make the coins work, they have to quit making the paper equivalents. Then people wouldn't have a choice.
Never got one back in change though. Sucks that you can only get the nice fresh rolls from the mint.
My bank was always less than helpful in supplying them.
-KHayse
I do my part and get at least a roll every month and put them into circulation as tips and small spending (so I don't often see the reaction). When used as payment (gas, Chick-Fil-A, etc), I get mixed responses. Let's just say the more youth-challenged set finds them useless (a certain clerk used that specific word, although it's all money), where the younger folks barely bat an eye.
But everyone is right here - we'll never get these circulating until the $1 bill is gone, like is in all of Europe, the UK, Canada, etc.....
My best response wasn't using the dollar coins; it was when I tried to spend halves at the mall, I was asked if they were the new quarters!!
I've never received a golden dollar in change, and haven't received an SBA in change for almost two years. The post offices I visit rarely seem to have working stamp machines.
Spending $1 coins is always fun, especially with homeless people, who expect a quarter, and usually offer to keep you in their prayers once they see "United States of America" and "One Dollar" stamped on what is most likely their first one dollar coin. Several have asked for my name, saying they will keep me in their prayers.
Whenever I have a circulated clad Ike or Kennedy to spend in a normal transaction (and often when I spend the newer $1 coins) I have to tell the recipient to spend it lest its value erode to inflation in their dresser drawer at home.
Spending $1 coins is almost as much fun as giving the young cashier at a fast food joint a couple of dateless buffalo nickels along with rag dollars when the bill is $4.10.
2000P - 767,140,000
2000D - 518,916,000
2001P - 62,468,000
2001D - 70,939,500
2002P - 3,865,610
2002D - 3,732,000
less and less
I dunno about 2003 mintages, my guess is 1million maybe even less
are they going to make them this year?