Be careful spending those old bills

Discussion about the collecting, buying/selling, exchanging, design, and printing of notes and paper money from around the world, as well as the currency markets generally. Also, the discussion of items related to world currency like exonumia and scripophily.

Be careful spending those old bills

Postby Engineer » Tue May 01, 2012 4:34 pm

What officers thought was a counterfeit $50 bill turned out to be an old, legitimate bill, but the truth wasn't discovered until a man was mistakenly charged and jailed Friday.
A clerk at Quik Mart, South Cannon Boulevard, notified police after the marker used to detect counterfeit bills didn't check as real.


http://www.t-g.com/story/1843748.html
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Re: Be careful spending those old bills

Postby AGgressive Metal » Tue May 01, 2012 6:27 pm

Since when are local cops currency experts? I would sue for false imprisonment just on principle. Then they had the gaul to tell him to take it to a bank and change it for a newer one - no thanks, this is legal tender you jerks.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Be careful spending those old bills

Postby John_doe » Tue May 01, 2012 6:37 pm

wait, aren't they illegal tender?



I am slightly confused so enlighten me here.
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Re: Be careful spending those old bills

Postby John_doe » Tue May 01, 2012 7:37 pm

I suppose it all depends on who you are and where you are.
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Re: Be careful spending those old bills

Postby AGgressive Metal » Tue May 01, 2012 8:34 pm

John_doe wrote:wait, aren't they illegal tender?


There is no such thing as "illegal tender". Legal tender is a term means that you have to accept a certain note or good in payment of debts by order of the government, not that it is "legal" or "illegal" in the criminal justice sense of the word. Every Federal Reserve Note ever printed is legal tender in the United States, as well as all silver certificates and United States Notes.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Be careful spending those old bills

Postby John_doe » Tue May 01, 2012 9:59 pm

AGgressive Metal wrote:
John_doe wrote:wait, aren't they illegal tender?


There is no such thing as "illegal tender". Legal tender is a term means that you have to accept a certain note or good in payment of debts by order of the government, not that it is "legal" or "illegal" in the criminal justice sense of the word. Every Federal Reserve Note ever printed is legal tender in the United States, as well as all silver certificates and United States Notes.




Once again I was under the assumption that gold/silver was legal tender.
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Re: Be careful spending those old bills

Postby John_doe » Tue May 01, 2012 10:09 pm

AGgressive Metal wrote:
John_doe wrote:wait, aren't they illegal tender?


There is no such thing as "illegal tender". Legal tender is a term means that you have to accept a certain note or good in payment of debts by order of the government, not that it is "legal" or "illegal" in the criminal justice sense of the word. Every Federal Reserve Note ever printed is legal tender in the United States, as well as all silver certificates and United States Notes.



I was not trying to be politically correct when I said "illegal" tender. I was using it in the context that it is merely not legal.
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Re: Be careful spending those old bills

Postby AGgressive Metal » Wed May 02, 2012 7:00 pm

John_doe wrote:
AGgressive Metal wrote:
John_doe wrote:wait, aren't they illegal tender?


There is no such thing as "illegal tender". Legal tender is a term means that you have to accept a certain note or good in payment of debts by order of the government, not that it is "legal" or "illegal" in the criminal justice sense of the word. Every Federal Reserve Note ever printed is legal tender in the United States, as well as all silver certificates and United States Notes.




Once again I was under the assumption that gold/silver was legal tender.



???? :?
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Be careful spending those old bills

Postby hobo finds » Wed May 02, 2012 7:07 pm

How about just going to buy a six pack and going thru all that! If the clerk was smart he would have taken it and bought the bill from his drawer. If he had an extra $50 that is!
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Re: Be careful spending those old bills

Postby fb101 » Wed May 02, 2012 7:33 pm

Not after he tried magic marker on it.
Kinda like cleaning that unc 92s morgan with Brasso.
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Re: Be careful spending those old bills

Postby barrytrot » Wed May 02, 2012 9:52 pm

If this happened to me I would be demanding heads to roll. And a LARGE monetary compensation for my severe emotional harm.

There are many things I can tolerate and in general I let water fall off my duck-like back.

But jail is horrible. For 1 second.

Subjecting someone to that for HOLDING a single note is ridiculous. Even if it was counterfeit. The person with the bill isn't the criminal, that's whomever minted it. So this was WAY over board even if the face on the bill was "Bozo T Clown".

There are some things I cannot tolerate and false imprisonment is one of them.

Were this me, I would have a full time lawyer handling this for years until all was done to 10 times my satisfaction.

This cannot be tolerated.

Jail should be to put away violent criminals and those that intentionally defraud or steal. That simple.

Drug usage, using REAL but old bills, jay walking, speeding, lots of other bogus and victimless crimes, should be fines at best.
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Re: Be careful spending those old bills

Postby John_doe » Wed May 02, 2012 9:55 pm

barrytrot wrote:If this happened to me I would be demanding heads to roll. And a LARGE monetary compensation for my severe emotional harm.

There are many things I can tolerate and in general I let water fall off my duck-like back.

But jail is horrible. For 1 second.

Subjecting someone to that for HOLDING a single note is ridiculous. Even if it was counterfeit. The person with the bill isn't the criminal, that's whomever minted it. So this was WAY over board even if the face on the bill was "Bozo T Clown".

There are some things I cannot tolerate and false imprisonment is one of them.

Were this me, I would have a full time lawyer handling this for years until all was done to 10 times my satisfaction.

This cannot be tolerated.

Jail should be to put away violent criminals and those that intentionally defraud or steal. That simple.

Drug usage, using REAL but old bills, jay walking, speeding, lots of other bogus and victimless crimes, should be fines at best.




the problem is that legal tender laws contradict themselves. they can arrest you no matter what you spend, technically.
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Re: Be careful spending those old bills

Postby barrytrot » Wed May 02, 2012 10:48 pm

No they can't. The law works both ways and is very vague, I agree. Which is why those that bother to waste their time (or their hired lawyer's time) tend to get a LOT more justice than those that don't.
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Re: Be careful spending those old bills

Postby AGgressive Metal » Thu May 03, 2012 12:22 am

Even if its counterfeit, its only illegal if you KNOWINGLY pass it off as real (at least that's my understanding). So like Barry said, even if its Bozo the Clown money, they should have just taken the guys information, asked some questions, contacted Secret Service, and only charged him after an investigation found it was merited.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Be careful spending those old bills

Postby hobo finds » Thu May 03, 2012 8:42 am

How old was this bill?
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Re: Be careful spending those old bills

Postby Doctor Steuss » Thu May 03, 2012 9:37 am

Kind of reminds me of this story:

http://archive.woz.org/letters/general/78.html
"Deferential, glad to be of use, Politic, cautious, and meticulous; Full of high sentence, but a bit obtuse; At times, indeed, almost ridiculous— Almost, at times, the Fool." ~Eliot
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Re: Be careful spending those old bills

Postby hobo finds » Fri May 04, 2012 11:07 am

Bill dosn't look that old. But I could see the clerk wanting to test it as it looks different. http://slumz.boxden.com/f5/may-1-man-ar ... l-1745528/ Plus I am sure they have to check all large bills.
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Re: Be careful spending those old bills

Postby Engineer » Sat May 05, 2012 4:38 am

The really bad part for that guy is that the arrest will show up on his record even if the charges were dropped. Where I live, anyone can look up anyone to see if they've been divorced, sued by creditors, or even gotten so much as a seat belt ticket. Even if you were innocent, the records are there along with your address, date of birth, and most of the other stuff an identity thief would need to empty out your bank account.

I'm pretty sure I'm going to be moving out of this state...
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Re: Be careful spending those old bills

Postby 68Camaro » Sat May 05, 2012 7:30 am

Wow - that sucks. I really dislike (to put it mildly) the direction of this country. In return for "safety" of "Homeland Security", we've given up most of our liberty and privacy. I'm for some reasonable security, but we've lost the balance and turned into a big brother nanny state. Unfortunately it seems to be a true law of social thermodynamics - there is an inherent tendency of humanity over time to move toward false promises of wealth and security, being willing to sacrifice their personal responsibilty and liberty in the process. Thus the limited life of any given civilization before it collapses and has to reset.
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Re: Be careful spending those old bills

Postby AGgressive Metal » Sat May 05, 2012 1:27 pm

I usually spend older notes on bullion - it makes me feel less bad about using them instead of saving them. They are pretty cool but you can't really justify hanging on to them economically; bullion is going to go up way faster than collector value on a 1950s FRN in my opinion.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Be careful spending those old bills

Postby John_doe » Sun May 06, 2012 6:27 pm

barrytrot wrote:No they can't. The law works both ways and is very vague, I agree. Which is why those that bother to waste their time (or their hired lawyer's time) tend to get a LOT more justice than those that don't.



technically they can.

legal tender is considered to be gold/silver. there is also a law on the books that says if you spend gold you will be arrested.


I do agree that it is unethical to do this though.
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Re: Be careful spending those old bills

Postby AGgressive Metal » Sun May 06, 2012 8:04 pm

John_doe wrote:legal tender is considered to be gold/silver. there is also a law on the books that says if you spend gold you will be arrested.


I think both these claims are incorrect.
And he that hath lyberte ought to kepe hit wel
For nothyng is better than lyberte
For lyberte shold not be wel sold for alle the gold and syluer of all the world
-Aesop's Fables, Caxton edition 1484

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Re: Be careful spending those old bills

Postby John_doe » Sun May 06, 2012 8:17 pm

AGgressive Metal wrote:
John_doe wrote:legal tender is considered to be gold/silver. there is also a law on the books that says if you spend gold you will be arrested.


I think both these claims are incorrect.




if i am so wrong, go try to spend a gold coin and see what happens.
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Re: Be careful spending those old bills

Postby John_doe » Sun May 06, 2012 8:28 pm

AGgressive Metal wrote:
John_doe wrote:legal tender is considered to be gold/silver. there is also a law on the books that says if you spend gold you will be arrested.


I think both these claims are incorrect.




so you reject that gold/silver is legal tender? enlighten me as to how you came to this conclusion.
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Re: Be careful spending those old bills

Postby John_doe » Sun May 06, 2012 8:30 pm

sounds to me like gold/silver are only money when it is beneficial. any other time it is not legal tender.

Image
sound familiar?
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