Peace Dollars are still legal tender!!!!!

Stopped at the gas station where I'm a regular to grab a drink to enjoy along with opening day of the baseball season. The cashier, a guy around my age (mid 20's) who I usually chit-chat with, and doesn't even know I'm into coins, holds up a 1922 Peace dollar! He said a lady pumped 4 dollars in gas, and paid with 3 one-dollar bills and a peace dollar!! She said she'd had it forever, and was desperate to get enough gas to make it to work. I was in a hurry to get home for Cardinals vs. Mets, so I didn't even take time to look at the mint mark. But I told him it was probably worth 15 bucks, since it was worn and dirty, and explained that it was called a Peace Dollar. He was still happy with that though, since he paid face! He mentioned he sometimes got interesting money and was thinking about talking to collectors on-line. Of course, I told him cointalk.org was the best place to go. So hopefully we'll have a new collector and a new member.
Some people are just crazy to spend stuff like that!!!

 

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Wow, that would be neat if he joined. Good going. :thumb: I bet he is happy with it.

Phoenix

 

How come stuff like that never happens to me!?

 

It is touching that someone had to spend that as part of a $4.00 purchase to get enough gas to make it to work.

 

Yes, its a shame I feel bad for her. I would try to figure out who she is and give it back to her, because she obviously needs it more than I do.

 

I remember my brother spending a Morgan at the Book Fair back when we were kids ... I remember freaking out, saying "That thing was worth at least $3.50 !!!"

I've forgiven him !

 

Yes, thats true. I didn't even think of about it untill I told my mom the story, and she immediately said "Thats so sad!"
Still, I hope the guy catches the bug. That at least would be a better outcome than some cashier just throwing it into the register.

 

The important thing is that she got enough gas to get to work. I never miss a day of work and am greatly depressed if I am one minite late. One silver 1922 dollar is worth exactly that, one dollar guaranteed by the US Government. I just hope that this was not a coin from her Daddy's collection that she inherited and does not have any cost basis in it. The coin most likely had real meaning to somebody no matter what the grade.

 

ditto!!!!!

 

As I understand it, every coin minted and properly released (i.e. 1933 Double Eagles, among others) is legal tender. So you could take your 1804 dollar into the gas station for a soda!

The only exception might be the Trade Dollar. I know they were demonetized for domestic use once, and I'm not sure if they've been "re-monetized" since.

 

I got this in change once at the Pharmacy

http://www.mrbrklyn.com/coins/halfs/columbian_obverse.png
http://www.mrbrklyn.com/coins/halfs/columbia_reverse.png

Ruben

 

There may have been a time that pennies and nickels were only legal tender up to $5.00 or so. Maybe even still today.

 

That very nice, lately I'm lucky to a cent thats not green anymore!! congrats on you and Adam on your finds.:thumb:

 

I realized that when I titled the thread. I just thought it was funny. Some cashiers wouldn't have accepted it.

 

I bet if I took a Peace dollar down to one of our local convenience stores they would just look at me funny and say "Is that Canadian"? Id be curious to try it with one of my junk dollars.

 

Hmm....In Britan, my grand-father got a coin of 1816 in his change....the more curious thing was that it was brilliant uncirulated...

 

That had to have come from a collection. That would be an awesome find.

Phoenix

 

It's a BRITISH SHILLING of George III
I've still got it, value: $170.....not very rare.

I don't think it was from a collection, because they were freely circulating in the 1920s in fair or F state...someone must of found it, and not known of it's value (it was valued at a about 5 times face value in the coin catalougues of the time)

 

Exactly. It's not fair! :computer: :headbang: :desk:

 

I get responses like that when I spend Washington dollar coins.