#16
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The real darling of a set of Mercury dimes is the 1916 Denver-minted coin. A truly nice, "mint state" condition 16-D will set you back about $20k. Dad has several sets of beat up Mercury dimes, and one set of mint state - which was missing the 16-D until last year, when mom bought him the right coin to complete the set. It's pretty impressive. Dad also has a $20 gold double eagle, that had been aboard the SS Central America when it sank in 1857, transporting freshly minted double eagles from the then-new San Francisco mint. Holding that coin gives you chills - to know it'd sat on the bottom of the ocean, in 8000 feet of water for 130 years before a brilliant engineer imagineered a scheme to recover them. Fascinating story to anyone that isn't familiar. Highly recommend the book "Ship of Gold in the Deep Blue Sea". |
#17
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I loved the pound coin - it fit very neatly into a 35mm film canister, which became a very easy way of saving, £15 per tube
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Martin 0-16NY Emerald Amicus Emerald X20 Cordoba Stage Some of my tunes: https://youtube.com/user/eatswodo |
#18
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Clearly there is a shift away from cash transactions. I am a cash guy because I travel for business. I always want to have a couple hundred bucks on me just in case and I pay for much of what I purchase at retail (restaurants, B&M shopping, etc.) with cash. In fact, it drives me crazy to see someone buy a pack of gum with a debit card. Since COVID lockdown I’ve used nothing but my debit card for purchases. I just checked and I haven’t taken a cash withdrawal from Checking in almost 4 months. Right now I have $1 in my wallet. I guess my point is while there would need to be clarification around credit cards, debit cards and cash purchases, it makes even more sense to eliminate pennies and $1 bills.
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Please note: higher than average likelihood that any post by me is going to lean heavily on sarcasm. Just so we’re clear... |
#19
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It's slighty off the question. But there is a great novel by Lee Child called 'killing floor'. The central premise of the plot is that what makes US currency unique is the quality of the paper it is printed on - apparently there is only one factory in the world that can produce this quality of paper, which makes the paper dollar especially hard to forge - unless someone can find a way of accessing that paper...
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#20
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I believe the reason for pennies is for tax purposes? Without them tax increases would be made by 5%, increases, instead of 1%..... Don |
#21
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I never took. I just left penny. But hundreds of times I've had the clerk reach in as I'm digging in my pocket for correct change.
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I only play technologically cutting edge instruments. Parker Flys and National Resonators |
#22
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Then take them to the bank and demand notes. Then they refused to do it and said i'd have to pay it into my account then withdraw it from the cash machine ..no fun any more. at my club (when I had my club) I had a large contribution box and people would put coins and sometimes £5 notes. I'd count up the 50p, £1 and £2 coins and swap them over the bar for notes - the landlord was always happy to take coins. the coppers and 5ps ? Id take them home and save 'em up in an old wooden box and scare kids with it on Halloween but that's died out now so, we gace the last lot to some charity. The only reason to have coin is for parking machines that don't take cards. Jane's beach hut parking is a problem now as you can't use notes and get change in most shops.
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Silly Moustache, Just an old Limey acoustic guitarist, Dobrolist, mandolier and singer. I'm here to try to help and advise and I offer one to one lessons/meetings/mentoring via Zoom! |
#23
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I only play technologically cutting edge instruments. Parker Flys and National Resonators Last edited by Kerbie; 06-18-2020 at 12:59 PM. Reason: Removed political topic |
#24
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A few things from a Canadian perspective. I believe the coin $1 never caught on in the US since the government never stopped producing the paper bills, and, therefore, more people tended to "collect" the coins.
In Canada, cash purchases are rounded to the nearest 5 cents $1.07 is rounded to $1.05, whereas, a $1.08 is rounded to $1.10. Taxes are calculated on the exact amount of the purchase, the rounding only takes place for payment. Also, sure is handy having a $2 coin! Pay $5, using a paper bill, for a $1 item and get 2 coins back instead of 4 paper $1 bills... |
#25
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Everyone keeps talking about rounding UP. Yes things get rounded up...but they also get rounded DOWN.
So yes, if the bill comes to $18.47 it would get rounded down to $18.45. Initially I kept a close eye on things, out of curiosity. The point was that, over time, it balances out. I have to agree. I too (and certainly at that time) am a cash person. I logged everything over six months. Six months. It worked out as 7 cents, in my favor. At that point, even to my mathematical/keep an eye on money brain, 7 cents over six months either way is meaningless. Or pointless. In any case it was not anything worth tracking. So I dropped it. Just like the pennies. There was a period of transition of course. The vending machines had to change things, but all in all, it went very well. No one in Canada misses pennies.
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guitars: 1978 Beneteau, 1999 Kronbauer, Yamaha LS-TA, Voyage Air OM Celtic harps: 1994 Triplett Excelle, 1998 Triplett Avalon (the first ever made - Steve Triplett's personal prototype) |
#26
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#27
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Best thing is to not use cash at all. I use cash at most a handful of times a year and always give the change back or leave it in the tip jar.
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Guild CO-2 Guild JF30-12 Guild D55 Goodall Grand Concert Cutaway Walnut/Italian Spruce Santa Cruz Brazilian VJ Taylor 8 String Baritone Blueberry - Grand Concert Magnum Opus J450 Eastman AJ815 Parker PA-24 Babicz Jumbo Identity Walden G730 Silvercreek T170 Charvell 150 SC Takimine G406s |
#28
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But golly, I'll bet they'd never think of such a thing.
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stai scherzando? |
#29
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Maybe it helps for accounting purposes though. I'm guessing it has something to do with that. But, when I was in high school, I worked at a concession stand at a movie theater and all prices for candy, popcorn, etc... included tax and were in increments of 25 cents. Most of us did the math in our head which included doing the change in our head too.
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Guild CO-2 Guild JF30-12 Guild D55 Goodall Grand Concert Cutaway Walnut/Italian Spruce Santa Cruz Brazilian VJ Taylor 8 String Baritone Blueberry - Grand Concert Magnum Opus J450 Eastman AJ815 Parker PA-24 Babicz Jumbo Identity Walden G730 Silvercreek T170 Charvell 150 SC Takimine G406s |
#30
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Canada's $1 coil was introduced in 1987. The "Loonie" was named because it has a picture of a loon on it. The $1 bill was eliminated in '89.
The two dollar bill was eliminated in 1996 with the introduction of the two dollar coin. The government wanted to call it a "Polar" because of the Polar Bear on it but the public called it a Toonie. The $1, $2 and the penny were all removed from circulation for cost savings. I hope they don't do that with the $5 bill. |