Get a grip, the thread is about a coin from a $0.50 junk bin. What bank? What bank is going to get back money for a customer?
It was at a show and I know the dealer so I was surprised he hadn’t checked it. Almost all my coin purchases are cash and no paperwork but we got it straight
Is that what was written about the coin/member I quoted? (Answer: The bank/company behind the credit/bank-card that was used for the purchase: ) Try it. (. . . what would happen if we all made counterfeit money and circulated it. . . What would [ultimately] happen . . .)Banks, (my experience,) banks turn into Momma Grizzly Bears — they take counterfeit money very seriously. Try it.
You may have mentioned the member @H8_modern but all he did was post a picture of a coin being held by a magnet (I think that was what it was). You have no idea where he bought it or how much he paid for it and yet you go off on a discussion of having a receipt and a bank getting a refund...what!!..sorry, but this seriously doesn't make any sense. I don't think any bank in the United States would care much if you made Chinese money. The original subject of the thread was a coin from a $0.50 junk box.
If it's not currently circulating money I don't think anybody takes it very seriously outside of the collecting community.
Speaking from my experience. THIS HAS BEEN MY EXPERIENCE. PROVIDED AS A COURTESY FOR MEMBERS WHO PAID 3, 4 FIGURES FOR A MAGNET-ATTACHMENT. …AND DO **YOU** CARE IF “MONEY YOU OWN” IS REAL OR NOT!? IF IT LOOKS LIKE CURRENCY, IF IT IS MEANT TO REPRESENT CURRENCY: BANKS CARE. ASK A BANK. STOP TELLING ME ”WHAT YOU THINK!” BASED ON ZERO EXPERIENCE: AND ASK A BANKER. Thank you.
@Cheech9712 When you get burnt online: you suck it up, and write-off the loss? That is terrific. (Trust me — it is so hard to find men who are in touch with their softer, more-feminine side.) It is refreshing to meet you.
In my (limited personal and somewhat-less-limited secondhand) experience, banks care a whole lot about fake US paper money. Less about change, as (a) deceptive fake US circulating coins are very uncommon and (b) the stakes are low (it's getting to the point where I won't bend down to pick up a quarter -- the money's worth less every day, and so are my knees). Collectible foreign coins or paper money? To bank tellers, it doesn't look like currency, and so no, they DON'T care. They know it's not US money, and so they want nothing to do with it. Again, just my experience, and what I've heard from others.
I've read that from the amount of time it takes to bend down and pick up a 1 cent coin ("penny" as some call them), your hourly rate would be about $7/hour (if you could do it constantly for 1 hour). So maybe not worth it for a cent, but a quarter? If you pick up a quarter, you're making $175/hour, for just a moment.
I'm also factoring in the risk of a charley horse, a more serious self-injury, and getting hit by a vehicle in the parking lot. Honestly, regular toe-touches or the equivalent would probably be a good exercise for me at this point. I'll take it under consideration.
Please correct me if I'm wrong. If you are given a counterfeit bill in a business and immediately bring it to their attention, they still are under no obligation to take it back, and if you leave the place of business and notice you have received a counterfeit bill, you are out of luck trying to go back into the business and complain. Don't know if this would apply to a bank or not.