Woman cashes 14 $20 gold coins at bank

I agree with CamaroDMD.

I say every bank be required by law to have a current issue of The Red Book at the counter and a little disclaimer. Avoids this entire issue.

 

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Banks do that all the time! I know a dealer who picked up 80 Walking liberty silver dollars at face value from the bank.

The intention behind the coin is to spend.

 

You know, it wouldn't be beyond someone's capacity to purchase replica double eagles on fleabay, artificially "doctor" them and get their local cashier fired for cashing those in either. You can buy one for around $5...what a scam. Not that I would ever dream of doing it, except that I did kinda just come up with that didn't I? I'm just saying, in theory, how do you authenticate something like that unless you ARE an experienced numismatic enthusiast? They are dumping out new gold toned dollars by the buckets these days and someone who doesn't know any better could get royally...you know. The cashier shouldn't have, but I can understand why. It's they kind of thing people like us dream about after all. Those coins, that's enough for a new car or whatever. Jackpot. I have no idea but I would say most tellers don't know or care about numismatics...they probably get sick of counting money. I doubt the bank manager is going around saying "keep an eye out for little old ladies with double eagles..."
I firmly believe that the educated numismatist should have the advantage in cash transactions over the layman. I wouldn't tell someone to save their wheat penny when they could give it to me. I know what it is and appreciate it. That cashier didn't subscribe to an ethics policy like a coin dealer would. She didn't ask him to appraise her coins. On the other hand, if someone did that to my mom I'd skin the guy alive and then feed him to pigs. Huh. This one makes my head hurt. I'd like to see those coins authenticated. :headbang: ugh! ugh! ugh!

 

duh...that's what I get for not reading all the posts...she stole them. Geez. Those coins probably decreased in value by thousands just passing all those sweaty hands...I think I'm going to be sick. I suppose I can appriciate the value of slabbing those babies. The owner was pretty lax on protecting their assets!!! The greed and stupidity all throughout this story makes me ill. Thanks for sharing, I need some migraine pills now.

 

Are you talking about the American Silver Eagle bullion coin with the Walking Liberty design or did you mean to say Walking Liberty Half Dollars? Either way that is a nice haul for that dealer.

 

i really have taken over CT

now only if life was 1% of CT i would be a billionaire

 

Done! :thumb:

 

So may we take that as you're not going to request a round 3? J/K!

 

I was talking about half dollars although I've heard of it happening with silver dollars.