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On Thu, 29 Dec 2011 00:57:20 +0000, "
wrote: On 29/12/2011 00:19, Bruce wrote: Jim [wake wrote: Scottish banknotes have been at par for well over 40 years [originally they were discounted at sixpence in the pound] but even now many smaller shops don't accept them, probably because of unfamiliarity. The more likely reason is that some of the banks in England will not accept them. I believe that some banks won't accept them at all because they are not considered legal tender. Really? My bank accepts them at least for deposit. Some do, others don't. There is no list of banks that accept Scottish notes, nor of those that don't. My bank will also accept notes from Northern Ireland, the Isle of Man and the Channel Islands. It won't accept any notes from Gibraltar, St. Helena, Ascension, Tristan da Cunha and the Falkland Islands, however. Most won't take them unless they are bundled separately from notes issued by the Bank of England That makes sense, though my bank does not charge retail customers. If you read the paragraph below, I mentioned that. Business accounts are very different; when personal bank accounts were made mostly free of bank charges, business account charges went up to compensate. The banks had to recover the lost income from somewhere. :-( Personal (as distinct from business) customers may find that their bank will accept Scottish notes out of goodwill, but the best way to get rid of them is to take them to a Post Office. You may get a less than enthusiastic reception, because accounting for Scottish notes has to be done separately and is something of a chore, but all Post Offices are expected to take them. Interesting to know. |
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On Thu, 29 Dec 2011 18:52:10 +0000, "
wrote: It is not uncommon to see fruit hawkers at markets sell fruit on the premise: "A pound of weight for a pound sterling." "A pint's a pound the world around..." People are still weighed in stone, with 1 stone equalling 14 pounds. Those of us who survived engineering school in the 1950s (even in "the colonies") can still resonate with the stone-furlong-fortnight system of units. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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In message , at 16:03:31 on
Thu, 29 Dec 2011, Robert Neville remarked: Sorry - I should have made it clear - the ham was presliced, with pricing in metric and imperial units by weight. I assumed as it was priced by weight that it would be sold by weight and that my stating "approximately" 100g would have been sufficient for the server to work out how many slices that would equate to. Later I noticed that other customers were asking for sliced lunchmeats by the slice count as well - so it must be a local custom. Most people make a sandwich by counting the number of slices of meat. It's generally not paper-thin or wrinkled up, like many USA-ian sliced meat is sold. -- Roland Perry |
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In message , at 17:04:22 on
Thu, 29 Dec 2011, Phil Kane remarked: It is not uncommon to see fruit hawkers at markets sell fruit on the premise: "A pound of weight for a pound sterling." "A pint's a pound the world around..." I remember buying shrimps by the pint. -- Roland Perry |
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On Wed, 28 Dec 2011 12:04:13 +0000, wrote:
On 28/12/2011 02:29, Bruce wrote: Apparently several Euro zone countries - including Germany - have now completed the printing of sufficient banknotes in their own currencies to be able to cope when/if the Euro fails. I just heard that yesterday. Where? I can only find references on conspiracy sites. -- jhk |
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wrote in
: In article , (Peter T. Daniels) wrote: In 1992 I bought some pound notes in Northern Ireland, because I would be staying a few days in London after my speaking engagement in Dublin. I was surprised to read on them that they were specifically Northern Ireland currency, even though the were issued by the Bank of England and legal tender throughout the United Kingdom (they said.) The clerk ("shop assistant") in the British Museum bookstore had to call the manager before she would believe it was real money. I managed to find a bank branch and exchange them for "real money" later that day, so that I could spend far too much at Blackwell's in Oxford on Saturday. (I went up to Cambridge on Sunday; I think the stores ("shops") were closed, except for a touristy establishment where the clerk thought it odd that I wanted to buy a postcard with the arms of all the colleges, like the one I had gotten in ("at"?) Oxford. Perhaps the Cambridge colleges don't get along as well as the Oxford colleges? Northern Ireland notes, like Scottish ones, are issued by local banks, not by the Bank of England so they are not legal tender. Only Bank of England notes have that status anywhere in the UK. You'd find Sunday very different here these days. it's the second busiest shopping day of the week now, despite the shorter opening hours, mainly 11-5 here. (I also liked the fusty old Ashmolean better than the newly modernized Fitzwilliam, but the Ashmolean has now been renovated as well so it probably resembles every other museum in the world.) There is still plenty of traditional museum at the Fitzwilliam! Organ scholars practicing ("practising") in every Oxford college chapel, vs. Evensong at King's College ... hmm ... (I missed the "opening hours" of the Bodleian on Saturday, because I took a bus that got caught in traffic, so on Sunday I took the train to Cambridge -- but that meant I had to sit in the narthex of St. John's College Chapel for _their_ evensong because I'd have to leave in the middle to catch the last(?) train down(?) to London. The last train would have been _up_ to London. Trains normally run up to London and down from London in this country, though there are exceptions. Which brings to mind Dr Spooner's famous saying about the Town Drain |
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Peter T. Daniels wrote:
In 1992 I bought some pound notes in Northern Ireland, because I would be staying a few days in London after my speaking engagement in Dublin. I was surprised to read on them that they were specifically Northern Ireland currency, even though the were issued by the Bank of England and legal tender throughout the United Kingdom (they said.) "Legal tender" is one of the most misunderstood concepts going. It does *not* specify which coins & notes must and must not be accepted by retailers. It merely applies to the repayment of debts - if a debtor offers payment in legal tender the creditor cannot *refuse* it without relinquishing the debt. (A semi-practical example is of tax & fee protestors eventually repaying with wheelbarrow loads of pound coins as a final gesture of defiance.) Retailers are free to accept and reject whatever notes and coins they like. Examples include: * A lot of shops don't accept the £50 note whilst some others will only accept it above a minimum purchase * A number in tourist areas and airports will accept major international currencies but with varying policies on precisely which ones and how high a denomination * A lot of shops in Northern Ireland accept the Euro to attract crossborder traffic from the Republic ....and when particular note & coins have been phased out some shops have been more willing to accept them past the official withdrawal date than others. |
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Peter T. Daniels wrote:
Benefit? There's upwards of a billion Presidential Dollar coins sitting in warehouses, because Congress mandated that vast numbers more be minted than there was a collectors' market for; they shipped them to banks, and eventually the banks shipped them back. (I've never seen one. The last time I used a p.o. vending machine, at least two years ago, I got both Sackies and Susan B's.) Just the storage is costly You clearly missed the mess whereby people could order the coins online with free postage, which was intended as a way to get the coins into circulation by allowing people on the ground to obtain them, in the hope they would go on to use them and breed familiarity. Instead a lot of people just purchased by the suitcase load on their credit cards to accumulate air miles then just took the coins to their banks to pay off their CC bills. Eventually they stopped credit card purchases. |
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On 01/01/2012 15:16, Tim Roll-Pickering wrote:
...and when particular note& coins have been phased out some shops have been more willing to accept them past the official withdrawal date than others. At some sort of discount for the retailers, I presume. |
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On Jan 1, 10:16*am, "Tim Roll-Pickering" T.C.Roll-
wrote: Peter T. Daniels wrote: In 1992 I bought some pound notes in Northern Ireland, because I would be staying a few days in London after my speaking engagement in Dublin. I was surprised to read on them that they were specifically Northern Ireland currency, even though the were issued by the Bank of England and legal tender throughout the United Kingdom (they said.) "Legal tender" is one of the most misunderstood concepts going. It does *not* specify which coins & notes must and must not be accepted by retailers. It merely applies to the repayment of debts - if a debtor offers payment in legal tender the creditor cannot *refuse* it without relinquishing the debt. (A semi-practical example is of tax & fee protestors eventually repaying with wheelbarrow loads of pound coins as a final gesture of defiance.) Retailers are free to accept and reject whatever notes and coins they like. Examples include: * A lot of shops don't accept the 50 note whilst some others will only accept it above a minimum purchase * A number in tourist areas and airports will accept major international currencies but with varying policies on precisely which ones and how high a denomination * A lot of shops in Northern Ireland accept the Euro to attract crossborder traffic from the Republic (In 1992, when my Irish host drove us to Ulster for a day trip -- we stopped at Downpatrick to see St. Patrick's tomb, and the most unfortunate restoration of St. Patrick's Cathedral to its Victorian splendor, as opposed to something approaching its original appearance -- I rather doubt that they would have welcomed Irish pounds. He was desperate to get back into Ireland before dark.) ...and when particular note & coins have been phased out some shops have been more willing to accept them past the official withdrawal date than others. That's rather different from the clerk saying, "That's not money!" -- as opposed to, "We don't take Northern Ireland money," which in fact proved not to be true. The Arby's I sometimes go to has a sign up that they'll no longer accept $100 bills because there are so many counterfeits in circulation. (You hardly ever see $50s at all.) I wonder what happened in 1933 when we finally gave up gold coins. In 1965, when silver coins were replaced by clad coins, the old ones weren't recalled or demonetized or anything; the ones that weren't in the collectors pool were simply retired as they were deposited in banks, presumably to eventually be melted down for whatever else silver was used for. Similarly, when all paper money stopped being issued except Federal Reserve Notes, they simply stayed in circulation until they wore out. I remember at least three different kinds -- their designs were almost identical (the engraved scrollwork may have differed), but the seal and serial numbers were in different colors -- one of them was Silver Certificates, I think with a blue seal. (FRNs have a green seal.) When I was little and we went to Canada for several summer vacations, merchants on either side of the border would take the other's currency, at a stated premium/discount that was considerably higher than the exchange rate. That was, at best, a courtesy. Montreal probably got flooded with greenbacks during Expo '67 (I was 15, I didn't get to do much spending), and to this day they probably are happy to take US currency. For my time in Dublin, I never even saw Irish money -- my host refused to let me pay for anything (fortunately, even in 1992 a VISA card worked in bookstores). And back in London, it seemed every bank (branch) had an ATM-like machine outside for currency exchange -- I put in $100 in $20 bills and it gave me the appropriate amount in sterling (less a hefty fee). In those days it had to deal with a dozen or more currencies at least, so including US dollars was no big deal -- but these days, does it accept anything but euros? Or is there enough tourist trade from the odd-countries-out that they are so publicly served? In Antwerp they handed me my honorarium in cash. Several musuem bookstores profited from my purchase of things I wouldn't have taken if I'd been using "real money" -- but the exchange rate in 2004 didn't favor the dollar. |
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On Jan 1, 11:57*am, "Tim Roll-Pickering" T.C.Roll-
wrote: Peter T. Daniels wrote: Benefit? There's upwards of a billion Presidential Dollar coins sitting in warehouses, because Congress mandated that vast numbers more be minted than there was a collectors' market for; they shipped them to banks, and eventually the banks shipped them back. (I've never seen one. The last time I used a p.o. vending machine, at least two years ago, I got both Sackies and Susan B's.) Just the storage is costly You clearly missed the mess whereby people could order the coins online with free postage, which was intended as a way to get the coins into circulation by allowing people on the ground to obtain them, in the hope they would go on to use them and breed familiarity. Instead a lot of people just purchased by the suitcase load on their credit cards to accumulate air miles then just took the coins to their banks to pay off their CC bills. Eventually they stopped credit card purchases. That scam was discussed here not long ago. It didn't keep the banks from handing them out when people made cash withdrawals. And it had nothing to do with the particular coins being offered -- it would have worked just as well with Statehood Quarters or Lewis & Clark Nickels or any ordinary coins. |
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On Sun, 1 Jan 2012 09:25:53 -0800 (PST), "Peter T. Daniels"
wrote: Similarly, when all paper money stopped being issued except Federal Reserve Notes, they simply stayed in circulation until they wore out. I remember at least three different kinds -- their designs were almost identical (the engraved scrollwork may have differed), but the seal and serial numbers were in different colors -- one of them was Silver Certificates, I think with a blue seal. (FRNs have a green seal.) Silver Certificates have blue seals and numbers (I have a few stored with some $2 bills), FRNs are green, and U.S. Notes (very rare) had red. "Occupation Money" - specially printed for Hawaii after the attack on Pearl Harbor and later used to pay GIs in Japan - had yellow. Rarest of all now. About 20 years ago I asked a family friend who was a coin and currency dealer what the value of my Silver Certificates was. "Face Value", he said. I didn't have enough to buy the "mini-Hershey Bar" of silver that the Treasury was offering as an incentive (gimmick?) to get them out of circulation. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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In article ,
Tim Roll-Pickering wrote: "Legal tender" is one of the most misunderstood concepts going. Very true! It merely applies to the repayment of debts - if a debtor offers payment in legal tender the creditor cannot *refuse* it without relinquishing the debt. This isn't true, however, proving your original point! See, for example, http://www.royalmint.com/corporate/p...uidelines.aspx -- Mike Bristow |
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On Sun, 1 Jan 2012 09:25:53 -0800 (PST), "Peter T. Daniels"
wrote: -- but these days, does it accept anything but euros? Or is there enough tourist trade from the odd-countries-out that they are so publicly served? The ATMs in Israel will dispense in dollars, Euros, or NewShekels. A far cry from the time I lived there in the 1960s when non-Israeli currency was available only on the Lilienbloom Street "private market" which in fact was supported by the Bank of Israel but one had to go through a "doorway transaction" suitable for a B-movie scene....and the exchange rate "on the street" was published on Page 2 of the papers right next to the official banking exchange rate ! -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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On 01/01/2012 19:05, Phil Kane wrote:
On Sun, 1 Jan 2012 09:25:53 -0800 (PST), "Peter T. Daniels" wrote: Similarly, when all paper money stopped being issued except Federal Reserve Notes, they simply stayed in circulation until they wore out. I remember at least three different kinds -- their designs were almost identical (the engraved scrollwork may have differed), but the seal and serial numbers were in different colors -- one of them was Silver Certificates, I think with a blue seal. (FRNs have a green seal.) Silver Certificates have blue seals and numbers (I have a few stored with some $2 bills), FRNs are green, and U.S. Notes (very rare) had red. "Occupation Money" - specially printed for Hawaii after the attack on Pearl Harbor and later used to pay GIs in Japan - had yellow. Rarest of all now. About 20 years ago I asked a family friend who was a coin and currency dealer what the value of my Silver Certificates was. "Face Value", he said. I didn't have enough to buy the "mini-Hershey Bar" of silver that the Treasury was offering as an incentive (gimmick?) to get them out of circulation. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District I don't quite understand how silver certificates worked. What I've heard, you could take one to a bank and redeem it for silver. But how would that silver actually be distributed? Also, were silver certificates regularly used as general currency? |
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I don't quite understand how silver certificates worked. What I've
heard, you could take one to a bank and redeem it for silver. But how would that silver actually be distributed? You could redeem them for silver at Federal Reserve banks, of which there aren't very many, not commercial banks. I believe they gave you a small paper envelope with the appropriate amount of silver (not very much for $1) inside. There were also silver coins that contained the appropriate amount of silver, so you could go to any bank and swap paper money for coins. Also, were silver certificates regularly used as general currency? Yes, back in the 1950s and early 1960s most dollar and five dollar notes were silver certificates with blue seals. Since I was a child at the time, I didn't often see a larger ones so I don't know what color seals they had. Even though large numbers of them were turned in for metal in the 1960s before the government stopped doing that, the bills from the 1950s are not considered rare by collectors, since so many were in circulation. R's, John |
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worked in bookstores). And back in London, it seemed every bank
(branch) had an ATM-like machine outside for currency exchange -- I put in $100 in $20 bills and it gave me the appropriate amount in sterling (less a hefty fee). These days, you just use the regular ATMs, since most people have ATM or debit cards that can withdraw money from their home country bank accounts. I still see occasional bill exchangers at airports. R's, John |
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You clearly missed the mess whereby people could order the coins online with
free postage, which was intended as a way to get the coins into circulation by allowing people on the ground to obtain them, ... A note on the Mint's web site says that they now charge a $12.50 service charge on orders of bulk dollar coins, and they don't accept credit cards for them, so that trick doesn't work any more. If you actually want dollar coins, it's now easier and cheaper to get them at face value from your local bank. I got a nice roll of Garfields last week. And it had nothing to do with the particular coins being offered -- it would have worked just as well with Statehood Quarters or Lewis & Clark Nickels or any ordinary coins. Sigh. If you'd ever actually looked at the Mint's web site, you'd know that the bags of dollar coins are the only thing they sold there at face value. You could (and can) buy a bag of 100 quarters, but not for $25. R's, John |
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In Phil Kane writes:
The ATMs in Israel will dispense in dollars, Euros, or NewShekels. A far cry from the time I lived there in the 1960s when non-Israeli currency was available only on the Lilienbloom Street "private market" which in fact was supported by the Bank of Israel but one had to go through a "doorway transaction" suitable for a B-movie scene....and the exchange rate "on the street" was published on Page 2 of the papers right next to the official banking exchange rate ! Ah yes, the _three_ exchange rates. There was the official one, the unofficial but winked at black market one, and.... ok, Phil.. show us how good your memory was... tell us the name for the third one. (rot-13: vairfgzraq engr, sbe crbcyr jvyyvat gb ohvyq n grkgvyr snpgbel) onyctransit: with the new Cornell/Technion (Israel's answer to CalTech) joint advanced college tech grounds recently announced for Welfare Island, some of the brightest minds in the world will be eagerly trying to solve the problem of an 8,000 mile range transporter. -- __________________________________________________ ___ Knowledge may be power, but communications is the key [to foil spammers, my address has been double rot-13 encoded] |
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On Jan 1, 2:05*pm, Phil Kane wrote:
On Sun, 1 Jan 2012 09:25:53 -0800 (PST), "Peter T. Daniels" wrote: Similarly, when all paper money stopped being issued except Federal Reserve Notes, they simply stayed in circulation until they wore out. I remember at least three different kinds -- their designs were almost identical (the engraved scrollwork may have differed), but the seal and serial numbers were in different colors -- one of them was Silver Certificates, I think with a blue seal. (FRNs have a green seal.) Silver Certificates have blue seals and numbers (I have a few stored with some $2 bills), FRNs are green, and U.S. Notes (very rare) had red. *"Occupation Money" - specially printed for Hawaii after the attack on Pearl Harbor and later used to pay GIs in Japan - had yellow. *Rarest of all now. Yeah, I thought I might have occasionally seen a red one! Hawaiian money was not likely to turn up in NYC, especially more than a decade later! I did once see a Hawaii license plate -- on a car in Washington, DC. About 20 years ago I asked a family friend who was a coin and currency dealer what the value of my Silver Certificates was. *"Face Value", he said. *I didn't have enough to buy the "mini-Hershey Bar" of silver that the Treasury was offering as an incentive (gimmick?) to get them out of circulation. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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On Jan 1, 3:17*pm, John Levine wrote:
You clearly missed the mess whereby people could order the coins online with free postage, which was intended as a way to get the coins into circulation by allowing people on the ground to obtain them, ... A note on the Mint's web site says that they now charge a $12.50 service charge on orders of bulk dollar coins, and they don't accept credit cards for them, so that trick doesn't work any more. *If you actually want dollar coins, it's now easier and cheaper to get them at face value from your local bank. *I got a nice roll of Garfields last week. And it had nothing to do with the particular coins being offered -- it would have worked just as well with Statehood Quarters or Lewis & Clark Nickels or any ordinary coins. Sigh. *If you'd ever actually looked at the Mint's web site, you'd know that the bags of dollar coins are the only thing they sold there at face value. *You could (and can) buy a bag of 100 quarters, but not for $25. You really are as stupid as you appear. (Are you just itching to send another email to my spam folder, like you did earlier?) The scam WOULD HAVE WORKED JUST AS WELL with any coins that were offered the way the commemorative dollars were offered. Presumably that was a desperate attempt to get into circulation coins that no one was interested in circulating, despite what a couple of crazed congressmen wanted. |
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"Peter T. Daniels" wrote in message ... (In 1992, when my Irish host drove us to Ulster for a day trip -- we stopped at Downpatrick to see St. Patrick's tomb, and the most unfortunate restoration of St. Patrick's Cathedral to its Victorian splendor, as opposed to something approaching its original appearance -- I rather doubt that they would have welcomed Irish pounds. He was desperate to get back into Ireland before dark.) As it happens I also visited Ireland in 1992 and spent time on both sides of the border. My recollection was that retailers close to the border did tend to accept both currencies, but after twenty years I could well have misremembered In 1965, when silver coins were replaced by clad coins, the old ones weren't recalled or demonetized or anything; the ones that weren't in the collectors pool were simply retired as they were deposited in banks, presumably to eventually be melted down for whatever else silver was used for. As mentioned elsewhere in the thread, when the UK went decimal in 1971 the former one shilling and two shilling coins remained unchanged, apart from the details of the design, but became 5p and 10p coins. So a lot of coins with 'one shilling' or 'two shilling' inscriptions remained in circulation until the new, smaller, 5p and 10p coins were introduced in the early 1990s. But in later years the oldest shilling or two shilling coins in widespread circulation were from 1947, because the older coins had a higher silver content and thus would have significant scrap value When I was little and we went to Canada for several summer vacations, merchants on either side of the border would take the other's currency, at a stated premium/discount that was considerably higher than the exchange rate. That was, at best, a courtesy. Montreal probably got flooded with greenbacks during Expo '67 (I was 15, I didn't get to do much spending), and to this day they probably are happy to take US currency. And back in London, it seemed every bank (branch) had an ATM-like machine outside for currency exchange -- I put in $100 in $20 bills and it gave me the appropriate amount in sterling (less a hefty fee). In those days it had to deal with a dozen or more currencies at least, so including US dollars was no big deal -- but these days, does it accept anything but euros? Or is there enough tourist trade from the odd-countries-out that they are so publicly served? There's a travel agent near me that advertises currency exchange and still has rates for 8-10 currencies advertised outside. In practice I tend to rely on ATMs when I travel these days, so I've no idea how many different currencies they'd be able to handle over the counter Martin |
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On Sun, 01 Jan 2012 19:21:04 +0000, "
wrote: I don't quite understand how silver certificates worked. What I've heard, you could take one to a bank and redeem it for silver. But how would that silver actually be distributed? I tried that once. I got a silver dollar. Neither the paper nor the coin had $1 worth of silver metal, however! Also, were silver certificates regularly used as general currency? Yes, before the Federal Reserve Notes started to circulate in the 1950s. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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On Sun, 1 Jan 2012 20:19:11 +0000 (UTC), danny burstein
wrote: Ah yes, the _three_ exchange rates. There was the official one, IIRC there were two "official" ones - one for changing hard currency (dollars, sterling, francs, etc) into Israeli Lirot (IL - the plural of Lira) and another for changing Lirot into hard currency. The official "sell dollar" rate was $1 = 3.00 IL and the official "buy dollar" rate was $1 = 3.05 IL during the years when I was there. the unofficial but winked at black market one, A day or so before we left the country I ventured into Lilienbloom Street to convert as much Lirot into "real money" because the banks would only convert as many Lirot into dollars when leaving the country as dollars were converted into Lirot when one entered the country. I walked down the street and within seconds a "character" appeared along side of me and asked "dollars, sterling..." "Dollars" I replied. "Buying or selling?" "Buying". "Go to the second doorway and wait." About 30 seconds later another "character" appeared with a briefcase, "Today is 3.12 How much do you have?" I told him. "OK that's xxx dollars. Twentys or hundreds?" I told him. He started counting out, but didn't have enough bills. "Wait here" he said, and walked across the street to the main entrance of the Bank of Israel (equivalent to the US Federal Reserve Bank) and came back with more bills. When I asked him about that, he remarked "who do you think supports this business?" and.... ok, Phil.. show us how good your memory was... tell us the name for the third one. I cheated ---- my reader converts "on the fly" -- (rot-13: investmend rate, for people willing to build a textile factory) Was the "textile factory" referred to the one in Dimona with the big dome, and when one drove on the highway near there a military vehicle fell in behind your car to make sure that you neither stopped nor took pictures? onyctransit: with the new Cornell/Technion (Israel's answer to CalTech) joint advanced college tech grounds recently announced for Welfare Island, some of the brightest minds in the world will be eagerly trying to solve the problem of an 8,000 mile range transporter. Makes it easier to transfer "ha-deliverables" (a now-common word in the Israeli technical lexicon). Maybe they can figure out how to complete the SAS. -- "Stand Clear of the Closing Doors, Please" Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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On Sun, 1 Jan 2012 14:16:42 -0800 (PST), "Peter T. Daniels"
wrote: Yeah, I thought I might have occasionally seen a red one! Hawaiian money was not likely to turn up in NYC, especially more than a decade later! As I mentioned before, I did run across one in 1954. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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And it had nothing to do with the particular coins being offered -- it
would have worked just as well with Statehood Quarters or Lewis & Clark Nickels or any ordinary coins. Sigh. *If you'd ever actually looked at the Mint's web site, you'd know that the bags of dollar coins are the only thing they sold there at face value. *You could (and can) buy a bag of 100 quarters, but not for $25. ... The scam WOULD HAVE WORKED JUST AS WELL with any coins that were offered the way the commemorative dollars were offered. Hmmn. Is there some way I could write "bags of dollar coins are the only thing they sold there at face value" that would be easier to understand? R's, John |
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On Jan 1, 5:24*pm, "Martin Rich" wrote:
"Peter T. Daniels" wrote in ... In 1965, when silver coins were replaced by clad coins, the old ones weren't recalled or demonetized or anything; the ones that weren't in the collectors pool were simply retired as they were deposited in banks, presumably to eventually be melted down for whatever else silver was used for. As mentioned elsewhere in the thread, when the UK went decimal in 1971 the former one shilling and two shilling coins remained unchanged, apart from the details of the design, but became 5p and 10p coins. *So a lot of coins with 'one shilling' or 'two shilling' inscriptions remained in circulation until the new, smaller, 5p and 10p coins were introduced in the early 1990s. But in later years the oldest shilling or two shilling coins in widespread circulation were from 1947, because the older coins had a higher silver content and thus would have significant scrap value Well, we haven't had a currency change since the Jefferson administration (1801-1809), when decimal currency replaced pounds and thalers and pesos. |
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On Jan 1, 10:02*pm, John Levine wrote:
And it had nothing to do with the particular coins being offered -- it would have worked just as well with Statehood Quarters or Lewis & Clark Nickels or any ordinary coins. Sigh. *If you'd ever actually looked at the Mint's web site, you'd know that the bags of dollar coins are the only thing they sold there at face value. *You could (and can) buy a bag of 100 quarters, but not for $25. ... The scam WOULD HAVE WORKED JUST AS WELL with any coins that were offered the way the commemorative dollars were offered. Hmmn. *Is there some way I could write "bags of dollar coins are the only thing they sold there at face value" that would be easier to understand? You really don't understand counterfactuals? That means, You really don't understand "what if"s? and fiction? and imagination? |
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Phil Kane wrote:
" wrote: I don't quite understand how silver certificates worked. What I've heard, you could take one to a bank and redeem it for silver. But how would that silver actually be distributed? I tried that once. I got a silver dollar. Neither the paper nor the coin had $1 worth of silver metal, however! If you went to a US Assay Office, you could get full value. After failing to talk you out of it, they would get out a set of scales and weights, open the safe and get a pouch of silver powder and measure the appropriate amount into a glassine envelope. They were definitely not happy about all this, particularly since they knew the customer would quickly realize there was nothing he could do with a little envelope of silver dust. |
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Hmmn. *Is there some way I could write "bags of dollar coins are the
only thing they sold there at face value" that would be easier to understand? You really don't understand counterfactuals? That means, You really don't understand "what if"s? and fiction? and imagination? Ah. If you're saying that all of your usenet posts are fiction, that explains a lot. Sorry for my unwarranted assumption that you were attempting to make sense. R's, John PS: If the Mint gave away a pony with every bag of dollar coins rather than just frequent flyer miles, I bet they would have shipped way more of them. ObTransit: I gather that you can pay for a bus trip with two dollar coins and a quarter. Has anyone here ever done so? |
coinage, was bus partitions
On 02/01/2012 02:25, Phil Kane wrote:
On Sun, 1 Jan 2012 14:16:42 -0800 (PST), "Peter T. Daniels" wrote: Yeah, I thought I might have occasionally seen a red one! Hawaiian money was not likely to turn up in NYC, especially more than a decade later! As I mentioned before, I did run across one in 1954. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District I remember seeing a Federal Reserve note that was printed in Honolulu. It was the only time that I have ever seen one. |
coinage, was bus partitions
On Jan 2, 7:25*am, "
wrote: On 02/01/2012 02:25, Phil Kane wrote: On Sun, 1 Jan 2012 14:16:42 -0800 (PST), "Peter T. Daniels" *wrote: Yeah, I thought I might have occasionally seen a red one! Hawaiian money was not likely to turn up in NYC, especially more than a decade later! As I mentioned before, I did run across one in 1954. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District I remember seeing a Federal Reserve note that was printed in Honolulu. It was the only time that I have ever seen one. ? Is currency printed anywhere but the Bureau of Engraving and Printing in Washington, DC? There are 12 varieties of FRN, one for each of the 12 Federal Reserve Banks, which differ only in the letter at the beginning of the serial number and carrying the name and number of the Bank that issued it. Boston is #1, New York is #2, etc. It doesn't seem likely that a FRB was placed in Hawaii, a mere territory, when the system was invented in 1916. Isn't #12 San Francisco? |
coinage, was bus partitions
On 02/01/2012 13:21, Peter T. Daniels wrote:
On Jan 2, 7:25 am, wrote: On 02/01/2012 02:25, Phil Kane wrote: On Sun, 1 Jan 2012 14:16:42 -0800 (PST), "Peter T. Daniels" wrote: Yeah, I thought I might have occasionally seen a red one! Hawaiian money was not likely to turn up in NYC, especially more than a decade later! As I mentioned before, I did run across one in 1954. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District I remember seeing a Federal Reserve note that was printed in Honolulu. It was the only time that I have ever seen one. ? Is currency printed anywhere but the Bureau of Engraving and Printing in Washington, DC? There are 12 varieties of FRN, one for each of the 12 Federal Reserve Banks, which differ only in the letter at the beginning of the serial number and carrying the name and number of the Bank that issued it. Boston is #1, New York is #2, etc. It doesn't seem likely that a FRB was placed in Hawaii, a mere territory, when the system was invented in 1916. Isn't #12 San Francisco? IIRC, the Federal Reserve seal had the letter I and the words Honolulu, Hawai'i. It was not military scrip of any sort and had no special colours on it. |
coinage, was bus partitions
I remember seeing a Federal Reserve note that was printed in Honolulu.
It was the only time that I have ever seen one. ? Is currency printed anywhere but the Bureau of Engraving and Printing in Washington, DC? It's all printed in DC, using paper from Dalton MA. In WW II, the bills circulating in Hawaii were overprinted, so they could be recognized and voided if Hawaii were captured. This Wikipedia article has a picture of an overprinted note. Perhaps that's what he was thinking of. http://en.wikipedia.org/wiki/Hawaii_overprint_note R's, John |
coinage, was bus partitions
On Sun, 01 Jan 2012 18:25:08 -0800, Phil Kane
wrote: On Sun, 1 Jan 2012 14:16:42 -0800 (PST), "Peter T. Daniels" wrote: Yeah, I thought I might have occasionally seen a red one! Hawaiian money was not likely to turn up in NYC, especially more than a decade later! As I mentioned before, I did run across one in 1954. A little correction to my previous posts - A little WikiP research revealed that the Hawaii-issue $1 bills had brown numbers and the word "Hawaii" on it in several places. The $1 bills with the yellow numbers were overseas military pay in and after WW-II. It was the latter bill that I had in 1954. -- Phil Kane - Beaverton, OR PNW Beburg MP 28.0 - OE District |
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