quote:Originally posted by Four Kitties in the arborvitae: IIRC, many states have laws/regs to say that businesses that accept any cash must accept all cash unless the policy is posted. In Massachusetts, f'rinstance, many stores have signs in the windows that say "we do not accept bills over $20."
Not trying to be snarky, but would that mean that if there's not a "No $1's" sign posted that a store is obligated to accept and count out a box full of $1s to pay for a $13,000 big-screen T.V.?
-------------------- I refuse to get into a battle of wits with an unarmed person... Posts: 724 | From: Ontario, CAN | Registered: Jan 2005
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-------------------- If swimming is so good for your figure, how do you explain whales? Posts: 13275 | From: Kindergarten World, Massachusetts | Registered: Jul 2003
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posted
Whenever I cash my check, I get $50 in $2 dollar bills and $20 in half dollars. I never have any problems with the halves (except the occasional young clerk who has never seen one). The response I get from spending $2s is hilarious. I had somebody offer me $4 each for all I had. Imagine his dismay when I pulled 20 of them out of my wallet. As far as bicentennial quarters go, spend 'em. They were minted for two years (1975-1976) and with a mintage of 220,000,000 are not remotely worth any more than face value.
-------------------- "Chuck E. Cheese called. They want their band back."
quote:Originally posted by Four Kitties in the arborvitae: IIRC, many states have laws/regs to say that businesses that accept any cash must accept all cash unless the policy is posted. In Massachusetts, f'rinstance, many stores have signs in the windows that say "we do not accept bills over $20."
Not trying to be snarky, but would that mean that if there's not a "No $1's" sign posted that a store is obligated to accept and count out a box full of $1s to pay for a $13,000 big-screen T.V.?
If anyboybody were to try that little stunt, they would be checked out by security for sure to see if other stores would recognize them or if they would be a known counterfeter. That kind of bill usage by anybody is incredibly suspicious. Not to mentipon trhey would piss off alot of people since each and every bill would have to be counted to ensure theat they werent shorted.
-------------------- W.W.F.S.M.D? But this image of Bush as some sort of Snidely Whiplash tying the fair maiden to the railroad tracks is beyond the pale. - Joe Bentley Posts: 2311 | From: Minnnesota | Registered: Mar 2004
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quote:Originally posted by diddy: If anyboybody were to try that little stunt, they would be checked out by security for sure to see if other stores would recognize them or if they would be a known counterfeter. That kind of bill usage by anybody is incredibly suspicious. Not to mentipon trhey would piss off alot of people since each and every bill would have to be counted to ensure theat they werent shorted.
Plus, any time cash over $10,000 is used in the U.S. there is an IRS form to be filled out (even if paid in hundreds and not ones). I'm not sure how many stores that sell big-ticket items actually keep the forms on hand, or whether they'd have to tell you to come back after they obtain the proper form from the IRS. (At least, my impression was that the form had to be filled out at time of purchase)
-------------------- I refuse to get into a battle of wits with an unarmed person... Posts: 724 | From: Ontario, CAN | Registered: Jan 2005
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gtc
The Red and the Green Stamps
posted
quote:Originally posted by resident deity: We Europeans have the monopoly on confusing monies!
And you spread it Down Under as well! When we decimilised our currency we kept the old Florin, Shilling and round Sixpence coins but changed the names to 20 cents, 10 cents and 5 cents.
So here in Australia I've found coins from Fiji, Australia, New Zealand, Papua New Guinea, UK and Ireland in my change. I think Tonga and the Cook Islands may share the same coin designs too.
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quote:Originally posted by RoofingGuy: ... any time cash over $10,000 is used in the U.S. there is an IRS form to be filled out (even if paid in hundreds and not ones). I'm not sure how many stores that sell big-ticket items actually keep the forms on hand, or whether they'd have to tell you to come back after they obtain the proper form from the IRS. (At least, my impression was that the form had to be filled out at time of purchase)
Years ago, when I worked in retail-land, a guy came into the store to outfit his new home with all new appliances - fridge, stove, dishwasher, washer & dryer. When he tried to pay cash, the store manager asked him to please break up his transactions into separate days so the store wouldn't have to deal with the gubmint paperwork.
quote:Originally posted by LizzyBeans don't grow on trees: I'm speechless. I can't believe the man was actually arrested for this. This is one case where I would definatly say someone needs to get their ass sued. The poor man must have been so humiliated.
What a stupid world.
Actually, two dollar bills aren't allowed to be used out there. They are not even supposed to be used in circulation.
Two dollar bills are usually given to say the Federal Government personnel only as a token of jesture or whatever. My father who still is working for the G.S.A. has a $2 bill in his dresser drawer. But can not use it. I could be wrong however about the not allowed to use it part.
These days the only accepted currency are 1c, 5c, 10c, 25c, half dollar coin, dollar coin, $1, $5, $10, $20 and banks issues $50, $100, and rarely the $500, $1000 when the amount is too high to issue the $100 bills.
But normally the real world doesn't give $114 to pay for a stereo in $1 bills either, nor flash $100 bills in public. These days we usually use our credit card or check or debit card to pay off bills larger than $50.
-------------------- Joseph Z Posts: 1356 | From: Woodbridge, VA | Registered: Jul 2004
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quote:Originally posted by LizzyBeans don't grow on trees: I'm speechless. I can't believe the man was actually arrested for this. This is one case where I would definatly say someone needs to get their ass sued. The poor man must have been so humiliated.
What a stupid world.
Actually, two dollar bills aren't allowed to be used out there. They are not even supposed to be used in circulation.
These days the only accepted currency are 1c, 5c, 10c, 25c, half dollar coin, dollar coin, $1, $5, $10, $20 and banks issues $50, $100, and rarely the $500, $1000 when the amount is too high to issue the $100 bills.
What denominations of currency are in circulation today? Will any new denominations be produced?
The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Our present currency in circulation satisfies the public at large, and the Bureau of Engraving and Printing (BEP) has no plans to change the denominations in use today.
Why did the Treasury Department remove the $2 bill from circulation?
We receive many letters asking why the $2 bill is no longer in circulation. Contrary to the impression of many people, the Treasury Department did not stop circulating the $2 bill. On September 12, 1996, Robert E. Rubin, the 70th Secretary of the Treasury, was presented with a new series $2 bill. The Series 1995 notes were printed at the Bureau of Engraving and Printing's (BEP) Western Currency Facility and bear the seal of the Federal Reserve Bank of Atlanta.
The $2 bill remains one of our circulating currency denominations. According to BEP statistics, 590,720,000 Series 1976 $2 bills were printed and as of February 28, 1999, there was $1,166,091,458 worth of $2 bills in circulation worldwide.
The key for successfully circulating the two-dollar bill is for retailers to use them just like any other denomination in their daily operations. In addition, most commercial banks will readily supply their retail customers with these bills if their customers request them in sufficient volume to justify stocking them in their vaults. However, neither the Treasury Department nor the Federal Reserve System can force the distribution or use of any denomination of currency on banks, businesses or individuals.
quote:Originally posted by LoWay: Actually, two dollar bills aren't allowed to be used out there. They are not even supposed to be used in circulation.
quote:Originally posted by diddy: If anyboybody were to try that little stunt, they would be checked out by security for sure to see if other stores would recognize them or if they would be a known counterfeter. That kind of bill usage by anybody is incredibly suspicious. Not to mentipon trhey would piss off alot of people since each and every bill would have to be counted to ensure theat they werent shorted.
Plus, any time cash over $10,000 is used in the U.S. there is an IRS form to be filled out (even if paid in hundreds and not ones). I'm not sure how many stores that sell big-ticket items actually keep the forms on hand, or whether they'd have to tell you to come back after they obtain the proper form from the IRS. (At least, my impression was that the form had to be filled out at time of purchase)
Yep and at casinos racetracks if you win over 10,000 you must fill out IRS forms. And at US customs they ask if you are carrying more than 10 grand I always go "I wish!!" Posts: 1932 | From: Toronto | Registered: Oct 2001
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darth_borehd
The Red and the Green Stamps
posted
This story reminds of a similar incident that happened to me.
It was a few years ago when the Sacajawea dollars came out. I was meeting some friends at a college football game but I had to stop by the post office first. The post office vending machine gave me change for my $20 in the new gold dollars. I took them with me to the game. The admission price was $5 which was the exact amount of gold dollars I had in my pocket. When I got to the game, it had already started. The ticket-taker was a foreign exchange student who was distracted looking at the game when I came up. He put the ticket down on the counter and said "$5 please" when his attention was on the game again. I dumped the 5 coins on the counter, grabbed the ticket, and ran inside to where I could see my friends had saved me a seat.
Well, about 20 minutes later, the campus police came up to me and said that I had paid at the ticket booth with phony money that "looked like arcade tokens." I said that I had got them out of the post office vending machines but the cops weren't buying my story. They took me out of my seat back to the ticket office. I asked if they had seen the coins themselves and they told me no. They were going to throw me out, fine me, and bar me from all campus events for the rest of the year. I insisted on not going until they examined the coins themselves. They resisted doing this and threatened to have me arrested and possibly thrown out of college. I made such a fuss about wanting to talk to the ticket-taker or his manager that they finally consented and got the manager. I had to explain my story again to him who finally went to look at the coins himself. He realized they were the new dollars and that the ticket-taker just wasn't familiar with them. They refunded my money and apologized and I got in the game for free.
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KeithB
The Red and the Green Stamps
posted
quote:Originally posted by Raven: Still, really fresh and new money does look fake to me. That's why I get tester pens for myself and all of the kids that I hire as cashiers.
quote:Originally posted by Raven: Still, really fresh and new money does look fake to me. That's why I get tester pens for myself and all of the kids that I hire as cashiers.
I too have worked in business where larger denominations ($50, $100) bills were handled and we used the test pens. I have never caught a bad bill though I will also say that the iodine in the pen does react with most common paper (copier/printer, newsprint, looseleaf, etc) and the ink leaves a black mark. However, "paper" money is not made out of paper, it is actually a type of linen.
What I found funny was that we still had to test the "new" bills with the watermarks, color-shifting ink and plastic strips in them. I always said, if someone can counterfeit that, God bless them! You'd have to be pretty hardcore and willing to spend a lot of time, money and effort to pull that off. Not worth it.
As for being arrested over the service charge, unless there was intent to defraud or deceive (knowingly writing a bad check, etc) I doubt the police would have much interest in it. Not to say, however, generally, that Best Buy doesn't have the right to send it to a collection agency or take civil action against this customer. Although I don't know all the facts here, based on the article, Best Buy's best course of action would probably be to write off the service charge because the hassle of taking a civil action, beyond a collection agency (which the customer would probably- and rightfully- dispute) isn't worth it on several levels.
Posts: 370 | From: New York. | Registered: Oct 2001
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BrainDamage
I'll Be Home for After Christmas Sales
posted
quote:Originally posted by KeithB:
quote:Originally posted by Raven: Still, really fresh and new money does look fake to me. That's why I get tester pens for myself and all of the kids that I hire as cashiers.
It worked when I got a counterfeit $20, although I could tell it was counterfeit before I even used the pen. Kind of suprised by it because the person counterfeited a new $20. Since the old ones are still in circulation, there's no reason he couldn't have tried counterfieting an old one and would've stood a better chance of getting away with it.
Posts: 146 | From: Orlando | Registered: Jun 2003
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quote:Originally posted by Raven: Still, really fresh and new money does look fake to me. That's why I get tester pens for myself and all of the kids that I hire as cashiers.
Yes, we caught about 1-2 every month. More importantly, I never had a bad bill get rejected by the bank when we tried to deposit it.
The police and Secret Service had so many bad bills from nearby stores, that they set up a meeting to educate us on how to spot bad bills. They also told me that the pens didn't work. However, none of the fakes they brought with them passed the pen test, even the ones on good paper.
Also keep in mind that the "pros" who use the bad bills will usually buy something small to see if you catch their fake. If you don't they will buy a ton of stuff and dump all their fake bills on you. Even going through the motions of checking for a fake bill seems to discourage them and they choose an easier target... like the stores next to mine who get 100's of dollars in bad cash each month.
Posts: 69 | From: Orlando, FL | Registered: Feb 2005
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