No-coin policy

Discussion in 'US Coins Forum' started by Park Qtrs, Jan 8, 2011.

  1. GDJMSP

    GDJMSP Numismatist Moderator

    OK folks - you will ALL kindly mind your language and comments or I will have to start handing out infractions !

    Only warning you'll get.
     
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  3. Evom777

    Evom777 Make mine .999

    Sorry about that. I did not think that word was too foul, but there`s nothing wrong with running a tight ship regarding the language. :)
     
  4. Magman

    Magman U.S. Money Collector

    exactly. Bill comes to $16.36, you give 'em $16.

    Anyway, it's an outrageous policy. Sometimes when I worked at a bakery I would round to the nearest cent (if the customers change was 0.49 I would sometimes give them 0.50 - especially if there was a line) - but the nearest dollar, that's just absurd.
     
  5. coinup

    coinup Junior Member

    yep - I wonder what that adds up to over time, say, just a year...
     
  6. ronterry

    ronterry New Member

    ...and don't forget they could actualy control the out come to better the shop, just by the prices on the menu...
     
  7. willieboyd2

    willieboyd2 First Class Poster

    The US IRS (Internal Revenue Service) has been allowing this procedure on income tax returns for years.

    :)
     
  8. ronterry

    ronterry New Member

    Averaging is a bit different than making everything on the menu > **.50...
    Milk: $1.51
    Soda: $2.65
    Etc... See my drift
     
  9. proofartoncircs

    proofartoncircs Junior Member

    <<The US IRS (Internal Revenue Service) has been allowing this procedure on income tax returns for years.>>

    Not really. You have to follow the rules. 49 cents round down. 50 cents round up. Enough 50's exactly, the IRS comes out ahead.
     
  10. Collector1966

    Collector1966 Senior Member

    This IRS has that policy, but the taxpayer has the choice of whether or not to round to the nearest dollar, or use the cents amount. With this restaurant, there is apparently no choice, and the customer can apparently be unwittingly shortchanged.
     
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