"Legal Tender"

"Bill Krummel" wrote in message


I don't think I have ever been given a half in change, at least in
the last 25 years. OTOH, about 200 halfs a week are given as change
from my registers. They are spent back in my store and are spent
around town ( I see them in the tills). Other clerks do not hand
them out, though, as change. BTW, today I pulled out two 64 Kennedys
before putting the halfs into the till. Bill

I thought you were having trouble with your bank and was going to have to
stop using halfs (or was it dollar coins?).

--
Ed Hendricks
ANA# R178621
eBay: edh.

Larry Louks wrote:


Oh well, enough said. I was just very surprised at the refusal of the P.O.
to take them. Shucks, had I been the clerk, I think I would have enjoyed
giving them out to my customers. (I suspect she could have done so in only a
few hours.) By the way, my numismatic friend, when was the last time YOU
were given a half in change?

-=LDL

I can't remember the last time I received one. I spend them all the time however. I get them from
the
bank when the tellers get them in.

--
George D
Phoenix, AZ

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"Larry Louks" wrote
I recently got a bunch of Kennedy halves from my bank
Consequently, I've now spent about $200 worth of them.

Your story and the responses were an inspiration. I spend Sacagaweas
all the time. I get them from the USPS change machines and carry $5
with me during the day all the time. Today, I bought two carpet
samples for door mats for $1 each. Now, I am inspired to get half
dollars.

Thanks,
Michael
ANA R-162953

"Larry Louks" wrote
This got me to thinking, so I looked up some info in Google. From the
Coinage Act of 1965, I gleaned --"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 gets complicated. There is no requirement -- dispite what some
people read into this -- that anyone has to accept Federal Reserve
Notes or coins. Convenience stores, gas stations, etc., routinely
post notices that they will not accept $100 bills, for instance.

The law -- as I understand it in its simplest terms -- says that the
government will accept these notes and coins. Now, whether the
U.S.P.S. is a government agency is debatable, perhaps. The Postmaster
General is a Cabinet position, though the President's Cabinet itself
is not defined anywhere in the Constitution. Also, their website is
www.usps.com and www.usps.gov redirects you to the Dot Com address.
They brag that they do not survive on subsidies and pay their own way
with their own accounting for incomes and expenses.

Historically, the post office has refused coins, admittedly in the
19th century, when many coins were "legal tender" only up to some
small limit. Even so, when small change was in great surplus and
greatly inconvenient, the post office did refuse it, contrary to law,
perhaps, but a fact nonetheless.

There are many forms of government paper -- even financial instruments
-- that are not "legal tender." Treasury Bills would be one example.
The T-Bill is a mainstay of our commercial structure, yet the bond
itself is not legal tender. If you are in the military, for instance,
your paycheck is not legal tender, though it comes from the Treasury.
Revenue stamps, Duck Stamps, etc., are certainly not legal tender.
Farther afield, if you get a "Payment Due" letter from the IRS, that
is certainly not legal tender, and neither is the Congressional Medal
of Honor. (Coins and Medals are both numismatic items, of course,
similar in material and method of manufacture.) So the fact is that
the government must differentiate among the many kinds of papers and
metals it issues.

The point is that the purpose of the law and of the definition is to
say just what instruments of its own issuance the government will
accept back as payment for fees, fines, taxes, etc.


Michael
ANA R-162953

"Michael E. Marotta" wrote in message
om
"Larry Louks" wrote
I recently got a bunch of Kennedy halves from my bank
Consequently, I've now spent about $200 worth of them.

Your story and the responses were an inspiration. I spend Sacagaweas
all the time. I get them from the USPS change machines and carry $5
with me during the day all the time. Today, I bought two carpet
samples for door mats for $1 each. Now, I am inspired to get half
dollars.

Thanks,
Michael
ANA R-162953

I routinely spend dollar coins (Ikes, GDs and Sacs) as well as Kennedy
halfs. Get them from my credit union. Spend them to buy stuff as well as
for tips. Also use $2 bills for tips. Get them at the credit union too.
Have a ball doing it and noone has yet complained (at least not to my face).
A few clerks have scowled as they search for a place to put them in their
register, but noone has refused them and most of the reactions have been
positive.

--
Ed Hendricks
ANA# R178621
eBay: edh.

(Michael E. Marotta) wrote in message . com...
"Larry Louks" wrote
I recently got a bunch of Kennedy halves from my bank
Consequently, I've now spent about $200 worth of them.

Your story and the responses were an inspiration. I spend Sacagaweas
all the time. I get them from the USPS change machines and carry $5
with me during the day all the time. Today, I bought two carpet
samples for door mats for $1 each. Now, I am inspired to get half
dollars.

Thanks,
Michael
ANA R-162953

I've had some places refuse to take sac dollars,but most do take
them.I haven't tried spending halves in a very long time,let alone get
one in change.I did get a $2 bill in change from a 7-11 about a year
ago.I had a lot of luck at that
7-11;I got a few things from there that were noteworthy-a couple
silver dimes (on different occasions),a buffalo nickel and a lot of
wheat cents.It keeps me coming back,even if its a little out of the
way.Nothing was ever really in great shape,but its nice to look at
your change and find something uncommon.
phil

In article , Edward McGrath wrote:
Darren wrote but I remember it was some 1776/1976 commerative. I also
recall - this may have been a dream snip Darren, you were not dreaming
there was a half dollar minted as you described so they actually
existed. I have an extra half dollar 1776/1976 commem with beautiful
luster. If you want it e-mail me your addy and I'll send it to you. You
have to promise me you won't spend it on a bag of California herb : ) Ed


These days the only times i've ever gotten a Sac or a half in change
is when i've seen it in the coin tray and ask for it in change

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"JSTONE9352" wrote in message
...

I used to see a lot of "won't accept $50
or $100 bills" at gas stations and
convenience stores but they seemed to have disappeared in the past year or
so. I pull out $50's a lot to pay at gas
stations these days without any negative
feedback from the attendants.


LOL!
If I did that here, the attendant would just stand around looking silly
until I got out the *rest* of the money.

$50 = about 3/4 tank

"Ed Hendricks" wrote in message
...
"Bill Krummel" wrote in message


I don't think I have ever been given a half in change, at least in
the last 25 years. OTOH, about 200 halfs a week are given as change
from my registers. They are spent back in my store and are spent
around town ( I see them in the tills). Other clerks do not hand
them out, though, as change. BTW, today I pulled out two 64 Kennedys
before putting the halfs into the till. Bill

I thought you were having trouble with your bank and was going to have to
stop using halfs (or was it dollar coins?).

--
Ed Hendricks
ANA# R178621
eBay: edh.

No trouble with my bank. I dropped using dollar coins about three months
ago because I was told a much bigger percentage of my customers were
requesting paper in change than when I first started using dollar coins a
year earlier. My bank always did want I wanted them to do in regard to
coin. It was the tellers who were always giving me grief over the dollar
coin. However, the ladys at the bank now search half rolls ahead of me (
although they have now given up, but not before they had picked a Franklin
out and showed it to me). Further, the lady at the bank who places their
coin order has ordered and received Ikes - for themselves not for a
customer. I think a few of the women at the bank are now novice collectors.
Bill

Larry wrote:
snipBut imagine my surprise when I tried to buy a roll of stamps with
halves a few days later, and the clerk told me that she would not take
them.snip
I would have put up a stink. Of course, I have done that in my bank
and a few other places too.g
This got me to thinking, so I looked up some info in Google. From the
Coinage Act of 1965, I gleaned --"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."
Exactly. I would print this out and go back to the PO and bring it to
their attention LOUDLY with a crowded room.
But, then I am a bi**h
Oh well, enough said. I was just very surprised at the refusal of the
P.O. to take them. Shucks, had I been the clerk, I think I would have
enjoyed giving them out to my customers. (I suspect she could have done
so in only a few hours.) By the way, my numismatic friend, when was the
last time YOU were given a half in change?
I can't remember ever getting one. If you want to get them in change,
come to the Goshen, NY Farmers Market. We give them out in change,
haven't had anyone refuse yet.
Doris

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