I was amazed when I found out my recent college grad. grandson had a jar of "GOLD DOLLARS" (brass) saving them to cash in as soon as the gold market Topped out. When I told him they were brass he said "Then why are they called gold dollars?" I am going to let him figger it out.
The answer is simple. In todays education they do not teach anyuthing related to understanding your money. In (what is now called middle school) we were taught the importance of knowing how to make proper transactions. I can remember the teacher talking specifically about the various denominations of our currency at that time, of course the average family NEVER saw anything like a $1000.00 bill and very few ever held a $100.00 bill. $2.00 bills were very common. JMO but instead of teaching kids they are the wrong color and made to feel inferior, perhaps a course in COMMON SENSE should be taught STARTING WITH THE EDUCATORS! Semper Fi Phil
And, most people can't tell you which of the seven notes, $1, $2, $5, $10, $20, $50 and $100 do not have a portrait of a president.
Maybe it was because the "Guide Book of United States Coins" was not required reading for any of his classes. Had it been, he might have learned that the coins were described as having a "golden color" rather than being a "gold dollar".
I usually get all of the $2 bills my bank has and use them for tips and other small purchases. Never had anyone question them here in Montana . . . yet. LOL Early in my life, when I worked in the credit department of a major retail store, we had a reference book that showed coin and currency that was accepted so we didn't make an error. I was also trained at an early age to face all of my bills and NEVER put a bill in the till until AFTER change was made. If you don't know why that was a practice, let me know and I'll post the answer. LOL
I have $20 worth of deuces in my billfold at the moment, when I got them at the bank the other day the teller told me if I needed more he would happily order newbs from the Fed.
This is from about 35, 40 years ago, when the BEP first started selling uncut sheets over the counter and by mail [before that, you had to have some sort of insider connection to get an uncut sheet.] A friend was on the way home from a coin show where he had bought a few sheets. He decided it would be cute to cut one of the sheets into strips, and cut off a note or so when making a purchase. First purchase was drinks on the flight home [airlines took cash for food and drinks then.] He makes big deal out of cutting off a few notes. Stewardess [still not called flight attendants yet] looks at him funny, but takes the notes. They had sheriff deputies waiting for him when he arrived. He said call the secret service, and they finally let him go when they verified that, yes, it was legal to have uncut sheets.
That practice of handling bills and change was taught to me by my father. Mom and dad had a retail store.
We still print $2 bills, in fact the last printing was in 2019. I sometimes get JFK halves. I keep the ones I want and spend the rest. Some cashiers know what they are but many don't. I haven't tried to spend any of my 60 or so Ikes yet...
Wait until you try to buy something when the power is out and the register won't tell them how much change to give you! Makes their head spin if they've never been taught! Almost as entertaining as Linda Blair in the Exorcist movie!!!
I really enjoyed reading this. The last line is witty! I wonder if self-checkout machines accept them?
While in a convenience store, I was panhandled by a lady who asked for a dollar to buy a soft drink. I gave her two half-dollars...she thanked me and walked about 5 steps before turning back and asking me if these were dollar coins.
Some few years ago, my work took me to Bangalore, India from the US. I was waiting on my driver to pick me up and was approached by a beggar who wouldn't take No for an answer. I had a couple of the new 'golden' dollars on me and gave him one. He moved away a few feet then turned and asked me if I had paper dollars and i answered no. later in relating the story to a coin collecting friend, he asked me "Did you tell him beggars can't be choosers"? I said no, but I never thought of itor I would have.