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<p>[QUOTE="medoraman, post: 1850771, member: 26302"]Well, that is what I was referring to in the article sir. I do not have a huge problem with retailers being unwilling to take unusual coins, (we have this issue in the US with retailers sometimes refusing $2 bills or some dollar coins). That is their right. It was when the author in the paper said his bank would not convert or accept for deposit the $20 coins I got miffed. A bank will follow whatever regulations are promulgated by the central bank, and if the bank was refusing the deposit, the central bank must not require acceptance of these. For most people that effectively means they cannot be converted. Unlike most of Europe, most North Americans do not live very close to a mint to demand redemption in person. It would be a 16 drive or a 2 hours plane trip to the nearest mint for me. So, if my bank will not accept them, effectively no one will, and the coins are effectively valueless to me except if I can get another collector to buy them.</p><p><br /></p><p>That is all I am saying needs to be done, make the banks accept them. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1850771, member: 26302"]Well, that is what I was referring to in the article sir. I do not have a huge problem with retailers being unwilling to take unusual coins, (we have this issue in the US with retailers sometimes refusing $2 bills or some dollar coins). That is their right. It was when the author in the paper said his bank would not convert or accept for deposit the $20 coins I got miffed. A bank will follow whatever regulations are promulgated by the central bank, and if the bank was refusing the deposit, the central bank must not require acceptance of these. For most people that effectively means they cannot be converted. Unlike most of Europe, most North Americans do not live very close to a mint to demand redemption in person. It would be a 16 drive or a 2 hours plane trip to the nearest mint for me. So, if my bank will not accept them, effectively no one will, and the coins are effectively valueless to me except if I can get another collector to buy them. That is all I am saying needs to be done, make the banks accept them. :)[/QUOTE]
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