Miscellaneous Discussion Thread II
Quote: odiousgambitIf they hate your guts they have a funny way of showing it. Those who pay off the card every month get great new card offers all the time, plus all the perks, including merchant offers and cash back.Quote: EvenBob
I just read an article on this that says by far the biggest profit companies make from credit cards is off the interest we pay on minimum payments every month. It's gigantic to their bottom line and dwarfs anything the merchants pay. So yeah, if you pay your card off every month the credit card company is still making a tiny bit of money off of you but they really hate your guts and consider you a freeloader. If everybody did that they would go out of business almost immediately.
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When I said hate your guts I was being hyperbolic. You're still a customer you're still making money for them so they're going to keep making offers to you hoping that you start carrying a balance. Which to be honest many people eventually do, especially these days. I keep hearing people are so broke they're paying for their groceries with their credit cards which is the first step towards financial ruin. I just read today that 60% of Americans could not get their hands on $1,000 cash if their lives depended on it if they didn't borrow it. That is astonishing bad news.
Do you believe everything you read? I somehow don't believe that, unless you want to count babies and children somehow. Just more skewed facts to fit people's agendas.Quote: EvenBobQuote: odiousgambitIf they hate your guts they have a funny way of showing it. Those who pay off the card every month get great new card offers all the time, plus all the perks, including merchant offers and cash back.Quote: EvenBob
I just read an article on this that says by far the biggest profit companies make from credit cards is off the interest we pay on minimum payments every month. It's gigantic to their bottom line and dwarfs anything the merchants pay. So yeah, if you pay your card off every month the credit card company is still making a tiny bit of money off of you but they really hate your guts and consider you a freeloader. If everybody did that they would go out of business almost immediately.
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When I said hate your guts I was being hyperbolic. You're still a customer you're still making money for them so they're going to keep making offers to you hoping that you start carrying a balance. Which to be honest many people eventually do, especially these days. I keep hearing people are so broke they're paying for their groceries with their credit cards which is the first step towards financial ruin. I just read today that 60% of Americans could not get their hands on $1,000 cash if their lives depended on it if they didn't borrow it. That is astonishing bad news.
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Quote: AxelWolfDo you believe everything you read? I somehow don't believe that, unless you want to count babies and children somehow. Just more skewed facts to fit people's agendas.Quote: EvenBobQuote: odiousgambitIf they hate your guts they have a funny way of showing it. Those who pay off the card every month get great new card offers all the time, plus all the perks, including merchant offers and cash back.Quote: EvenBob
I just read an article on this that says by far the biggest profit companies make from credit cards is off the interest we pay on minimum payments every month. It's gigantic to their bottom line and dwarfs anything the merchants pay. So yeah, if you pay your card off every month the credit card company is still making a tiny bit of money off of you but they really hate your guts and consider you a freeloader. If everybody did that they would go out of business almost immediately.
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When I said hate your guts I was being hyperbolic. You're still a customer you're still making money for them so they're going to keep making offers to you hoping that you start carrying a balance. Which to be honest many people eventually do, especially these days. I keep hearing people are so broke they're paying for their groceries with their credit cards which is the first step towards financial ruin. I just read today that 60% of Americans could not get their hands on $1,000 cash if their lives depended on it if they didn't borrow it. That is astonishing bad news.
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Bingo. Was reading about how most ATC’s can go without 1 paycheck but won’t be able to buy food or pay their bills if they miss 2 paychecks. ATC’s make around $150k. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
"August 2024 Forbes survey, which reported that the share of Americans with $1,000 or less in their savings accounts is closer to 28%"
Fact check: https://www.wral.com/story/fact-check-walz-says-most-americans-don-t-have-1-000-in-savings/21966413/
Quote: AxelWolfHere is an article/video, but I don't believe everything I read and watch.
"August 2024 Forbes survey, which reported that the share of Americans with $1,000 or less in their savings accounts is closer to 28%"
Fact check: https://www.wral.com/story/fact-check-walz-says-most-americans-don-t-have-1-000-in-savings/21966413/
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Are they talking about savings, or the bank products known as "savings accounts?"
Whenever I hear the latter, it sounds like they are targeting old guisers who remember passbook savings accounts.
Quote: SOOPOO. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
They do have enough for rice and beans, it is the Starbucks, restaurants and gelato that seems to be causing the problems. I can still eat for less than $2 a day when necessary. My thought has always been if you are spending more than 1% of your daily income on food and drink you are being excessive.
Quote: SOOPOO
Bingo. Was reading about how most ATC’s can go without 1 paycheck but won’t be able to buy food or pay their bills if they miss 2 paychecks. ATC’s make around $150k. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
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Bingo, does that mean you're admitting you don't know how to use Google? Between 55% and 60% of Americans can't lay their hands on $1,000 in an emergency without borrowing it first. Americans are in debt up to their neck bone, over a trillion dollars in new car payments alone.
Quote: EvenBobQuote: SOOPOO
Bingo. Was reading about how most ATC’s can go without 1 paycheck but won’t be able to buy food or pay their bills if they miss 2 paychecks. ATC’s make around $150k. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
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Bingo, does that mean you're admitting you don't know how to use Google? Between 55% and 60% of Americans can't lay their hands on $1,000 in an emergency without borrowing it first. Americans are in debt up to their neck bone, over a trillion dollars in new car payments alone.
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No. It means you can’t understand my simple post. It wasn’t about ‘most Americans’. It was about air traffic controllers. I guess you couldn’t figure out in this context what ATC stood for.
I guess my post wasn’t ’playing your game?’
Quote: SOOPOOQuote: EvenBobQuote: SOOPOO
Bingo. Was reading about how most ATC’s can go without 1 paycheck but won’t be able to buy food or pay their bills if they miss 2 paychecks. ATC’s make around $150k. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
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Bingo, does that mean you're admitting you don't know how to use Google? Between 55% and 60% of Americans can't lay their hands on $1,000 in an emergency without borrowing it first. Americans are in debt up to their neck bone, over a trillion dollars in new car payments alone.
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No. It means you can’t understand my simple post. It wasn’t about ‘most Americans’. It was about air traffic controllers. I guess you couldn’t figure out in this context what ATC stood for.
I guess my post wasn’t ’playing your game?’
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I generally just glance at your posts they aren't worth any more of my time than that. If I made a mistake ask me if I care.
Quote: EvenBobQuote: SOOPOOQuote: EvenBobQuote: SOOPOO
Bingo. Was reading about how most ATC’s can go without 1 paycheck but won’t be able to buy food or pay their bills if they miss 2 paychecks. ATC’s make around $150k. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
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Bingo, does that mean you're admitting you don't know how to use Google? Between 55% and 60% of Americans can't lay their hands on $1,000 in an emergency without borrowing it first. Americans are in debt up to their neck bone, over a trillion dollars in new car payments alone.
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No. It means you can’t understand my simple post. It wasn’t about ‘most Americans’. It was about air traffic controllers. I guess you couldn’t figure out in this context what ATC stood for.
I guess my post wasn’t ’playing your game?’
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I generally just glance at your posts they aren't worth any more of my time than that. If I made a mistake ask me if I care.
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But they are worth enough of your time to post a truly nonsensical response? Gotcha…..
Quote: EvenBob
I generally just glance at your posts they aren't worth any more of my time than that. If I made a mistake ask me if I care.
Why would you respond to a post that you did not read and understand?
Quote: DRichQuote: EvenBob
I generally just glance at your posts they aren't worth any more of my time than that. If I made a mistake ask me if I care.
Why would you respond to a post that you did not read and understand?
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No no, I thought I understood it and because it was his esteemed reverence who posted it I had to respond. That I understood it or not has no relevance, it's the thought that counts.
Quote: JoemanWhen I paid my mortgage off, my credit score immediately went down 50 points! FICO likes it when you have a loan with fixed payments (assuming you actually make them in full and on time)!Quote: DRichQuote: ChumpChange
Have you checked your credit score recently? I don't know what moves the scores around but making minimum payments for 27 months seems like a way to lower your score to deadbeat status.
I believe it is just the opposite. Making minimum payments is exactly what the creditors want and will increase your score as long as you don't miss payments. Of course, this assumes that your credit is not maxed out which is a negative on the score.
I still have a small mortgage but I use my credit cards daily. In any given month I probably owe $5000 or so on my credit cards but I pay them off every month as I refuse to pay interest on them. We also use 0% interest cards to float things for 12 to 24 months.
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Your score was great just before you paid it off because you had a low debt balance-to-available credit ratio.
Having a high ratio is bad, i.e. "maxed out".
When you paid it off, the bank closed the account and suddenly your overall debt balance-to-available credit ratio went up because closed accounts are not considered in that measurement.
There are many factors in a fico score. Another one is average account age. Again, when that mortgage is paid off, it no longer counts.
Perhaps, but when I viewed my next credit report, they listed "no fixed payment loans" as the major reason that was hurting my score. The mortgage was probably my 5th or 6th oldest account.Quote: KevinAAQuote: JoemanWhen I paid my mortgage off, my credit score immediately went down 50 points! FICO likes it when you have a loan with fixed payments (assuming you actually make them in full and on time)!Quote: DRichQuote: ChumpChange
Have you checked your credit score recently? I don't know what moves the scores around but making minimum payments for 27 months seems like a way to lower your score to deadbeat status.
I believe it is just the opposite. Making minimum payments is exactly what the creditors want and will increase your score as long as you don't miss payments. Of course, this assumes that your credit is not maxed out which is a negative on the score.
I still have a small mortgage but I use my credit cards daily. In any given month I probably owe $5000 or so on my credit cards but I pay them off every month as I refuse to pay interest on them. We also use 0% interest cards to float things for 12 to 24 months.
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Your score was great just before you paid it off because you had a low debt balance-to-available credit ratio.
Having a high ratio is bad, i.e. "maxed out".
When you paid it off, the bank closed the account and suddenly your overall debt balance-to-available credit ratio went up because closed accounts are not considered in that measurement.
There are many factors in a fico score. Another one is average account age. Again, when that mortgage is paid off, it no longer counts.
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I'm curious, though, how does having a mortgage increase my available credit? A HELOC, I can see, but a mortgage?
Btw, it wasn't really a big deal. It went from 840-ish to 790-ish. I was just surprised by the fact that paying off my debts somehow made me less credit-worthy!
Quote: Joeman
Btw, it wasn't really a big deal. It went from 840-ish to 790-ish. I was just surprised by the fact that paying off my debts somehow made me less credit-worthy!
After going on vacation I recently had a 5 figure credit card bill. That made my score go up significantly. When I paid it off the next month my score went back down. Clearly, they want you using the credit and punish you if you are not using enough of it.
Quote: DRich[can still eat for less than $2 a day when necessary.
3 packs of ramen and tap water?
Quote: rxwineQuote: DRich[can still eat for less than $2 a day when necessary.
3 packs of ramen and tap water?
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It sounds like you are overpaying for your ramen.
Quote: rxwineQuote: DRich[can still eat for less than $2 a day when necessary.
3 packs of ramen and tap water?
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My personal standby. One of my daughters prefers cooking the egg first; one does not.
If I am flush enough to swing $3 a day, I like to include some kimchi, and maybe a sprinkle of furikake.
Quote: DRichQuote: SOOPOO. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
They do have enough for rice and beans, it is the Starbucks, restaurants and gelato that seems to be causing the problems. I can still eat for less than $2 a day when necessary. My thought has always been if you are spending more than 1% of your daily income on food and drink you are being excessive.
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Beans and rice are good (dried in bulk, not prepared in any other way) real pasta instead of ramen, cornmeal for polenta, can of tuna, frozen vegetables.
And forage, if available. One thing I miss about living in the Northeast is I could walk in the forest, and between dandelions, hayseed (the part of crabgrass non-ruminants can digest), crabapples and wild berries and muscadine grapes, eat two servings of vegetables according to US FDA standards. That is not available in the desert.
I'm definitely not eating dandelions, heck, the only lets us all believe in touch is iceberg, I can't stand leafy greens.Quote: AutomaticMonkeyQuote: DRichQuote: SOOPOO. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
They do have enough for rice and beans, it is the Starbucks, restaurants and gelato that seems to be causing the problems. I can still eat for less than $2 a day when necessary. My thought has always been if you are spending more than 1% of your daily income on food and drink you are being excessive.
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Beans and rice are good (dried in bulk, not prepared in any other way) real pasta instead of ramen, cornmeal for polenta, can of tuna, frozen vegetables.
And forage, if available. One thing I miss about living in the Northeast is I could walk in the forest, and between dandelions, hayseed (the part of crabgrass non-ruminants can digest), crabapples and wild berries and muscadine grapes, eat two servings of vegetables according to US FDA standards. That is not available in the desert.
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I could definitely live off the land on my property. Not a day that I've gone fishing a few hundred feet from my window have I not caught at least a 10-inch trout normally, I catch two or three and then stop.
It doesn't take long, often times within the first two casts I have landed something. The other day I told my wife I was going to go out and go fishing. I came back within about 20 minutes, and she said, " I thought you were going to go fishing." I said, "I did, I just caught three 14" and above rainbows.
Every few weeks, I see a few elk or deer within 100 feet of my window. I've seen some quail and pheasant running around occasionally. Oddly enough, I haven't seen any rabbits.
There were geese camped out here for most of the spring and part of the summer. I see ducks around everywhere during the Spring and Summer. I see mushrooms around, but I haven't taken the time to look them up.
I have two different species of walnut trees. I was gone for a little over a month during September /October and the squirrels cleaned me out, getting every single one of the wallnuts before I had a chance to get any.
I have more blackberries than I can shake a stick at. They basically form a perimeter around parts of my property and in multiple areas, leading all the way up to the main Highway.
We planted a small garden with tomatoes, green onions, chives, and mint. We can't even keep up with how much it produces, and we don't even bother weeding it(unless it's a Blackberry sprout).
I know that there are some cherry and plum trees on government land surrounding my property.
I'm probably going to get chickens this spring and make a much bigger Garden.
No doubt there's a ton of other edible stuff I haven't even thought about.
I'm definitely not eating dandelions, heck, the only lets us all believe in touch is iceberg, I can't stand leafy greens.Quote: AutomaticMonkeyQuote: DRichQuote: SOOPOO. I’m not saying that might not be true for a very few of them. But ‘most’ people making $150k should have enough money for a month’s supply of rice and beans.
They do have enough for rice and beans, it is the Starbucks, restaurants and gelato that seems to be causing the problems. I can still eat for less than $2 a day when necessary. My thought has always been if you are spending more than 1% of your daily income on food and drink you are being excessive.
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Beans and rice are good (dried in bulk, not prepared in any other way) real pasta instead of ramen, cornmeal for polenta, can of tuna, frozen vegetables.
And forage, if available. One thing I miss about living in the Northeast is I could walk in the forest, and between dandelions, hayseed (the part of crabgrass non-ruminants can digest), crabapples and wild berries and muscadine grapes, eat two servings of vegetables according to US FDA standards. That is not available in the desert.
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I could definitely live off the land on my property. Not a day that I've gone fishing a few hundred feet from my window have I not caught at least a 10-inch trout normally, I catch two or three and then stop.
It doesn't take long, often times within the first two casts I have landed something. The other day I told my wife I was going to go out and go fishing. I came back within about 20 minutes, and she said, " I thought you were going to go fishing." I said, "I did, I just caught three 14" and above rainbows.
Every few weeks, I see a few elk or deer within 100 feet of my window. I've seen some quail and pheasant running around occasionally. Oddly enough, I haven't seen any rabbits.
There were geese camped out here for most of the spring and part of the summer. I see ducks around everywhere during the Spring and Summer. I see mushrooms around, but I haven't taken the time to look them up.
I have two different species of walnut trees. I was gone for a little over a month during September /October and the squirrels cleaned me out, getting every single one of the wallnuts before I had a chance to get any.
I have more blackberries than I can shake a stick at. They basically form a perimeter around parts of my property and in multiple areas, leading all the way up to the main Highway.
We planted a small garden with tomatoes, green onions, chives, and mint. We can't even keep up with how much it produces, and we don't even bother weeding it(unless it's a Blackberry sprout).
I know that there are some cherry and plum trees on government land surrounding my property.
I'm probably going to get chickens this spring and make a much bigger Garden.
No doubt there's a ton of other edible stuff I haven't even thought about.
Quote: AutomaticMonkeySounds awesome! I've always wanted to live in a place where I could just go outside and catch fish. I can catch trout on spinners but that's easy; I think I'd learn fly tying and fly fishing if I lived in a place with a stream with trout.
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Fishing is my form of meditation; everything else melts away. It's not just about catching the fish, it's about the scenery, the water, and everything around as well.
I barely noticed the cold or heat; actually, I noticed the heat more than the cold. It could be pouring down rain, and it takes a while for me to realize I'm soaking wet and starting to get a little cold.
I'm not much of a sit on a lake bank or in a boat staring at my bobber kind of guy, although there are some circumstances where I do enjoy Lake fishing.
I'm constantly casting and reeling in. I don't have the patience just to sit there for more than a minute or two before reeling in and casting again. I really love moving up and down streams and rivers, looking for the perfect spots. I even do what I call, extreme fishing. Like having to tie yourself off on a cliff embankment. Crossing over rotten logs Etc. I've actually had a couple of close calls.
Everyone always asks me if I'm fly fishing. Well, sometimes, and yes, it's fun; however, for that picturesque, blissful dream-like experience you see, it takes quite a bit more preparation. It also takes some open area for casting. Quintessential fly fishing is hard enough in perfect conditions; add in a few trees, logs, and shrubs, and you will spend most of your time with tangels and snaggs.
Oh, and fly fishing doesn't always mean you need to use some fancy fly fishing rod and have the perfect conditions. Simply floating a clear bobber and a dry fly with a normal reel and rod can be just as fun.
Heck, you don't even need a reel and rod. I do quite a bit of hand line fishing. I just cut a 14 to 16-inch rainbow yesterday using just a line sinker hook and a worm. It's much easier to feel what's going on and when to set the hook when you're hand-line fishing, and feeling that in your hands is very satisfying.
Using spinners is great (I like good old rooster tails), but it really sucks when you just rigged one up and you're very first cast gets snagged and you know damn well that final attempt to unsnag it is going to snap your line.
When it comes down to it, I have three words: Worms, Worms, Worms.
No thank you, that would be miserable fishing to me. I want a little more clarity in the water; I want some rapids, falls, logs, and rocks to fish around.Quote: rxwineI think you can catch fish in the East River of NYC.
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This guy gets it.
James Garfield was America's only elected accidental President.
While the production takes some liberties with history, it is very well done.
Under the current rules, a merchant that accepts Visa or Mastercard must accept any card with a V or MC logo. The problem is that cards with the highest reward programs charge more than the basic Visa card and can cost the merchant several dollars on high-end purchases.
Under the new agreement, the merchant can refuse to accept any card for any reason. They can offer you a basic Visa, which may provide 1% back, while rejecting a Visa Signature card that offers 3%.
After you swipe your card, the information on the fee will appear, and the vendor can accept it or ask for a lower fee card instead. It puts the vendor in a very uncomfortable position, as people with the most expensive cards tend to spend more than those with basic cards.
For high-volume merchants, accepting the higher swipe fee cards will cost them tens of thousands of dollars, while refusing them will piss off their better clients.
Quote: avianrandyI tried to get in all branches of service after college but was unable to because of my height. My dad served in the army a long time ago
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How long ago was that? In 1980, my friend was awarded an ROTC scholarship, even though he was only 4-11. He received a letter from his family doctor stating that he should grow another two or three inches before he reached his 20s. He ended up getting commissioned at 5'1'', by far the smallest member of my fraternity since they started tracking height and weight. He needed a waiver for his weight. He was a weight lifter and college wrestler who weighed far more than the 118 pounds the Army said he should weigh.
At the time, the military was handing out height and weight waivers like candy. My maximum weight was 230, but I routinely weighed around 260. As long as you passed your PT test every six months, they didn't care much about weight.
I figure people will be upset for a bit but it will be normal. You do not get 1/10 pennies to buy gas, do you?
I graduated college in 1985. I am OLD lol. Some days I feel 40 some day 60 some day 100. I am just under 5 foot. According to doctor I am 4 foot 8.5 inchesQuote: billryanQuote: avianrandyI tried to get in all branches of service after college but was unable to because of my height. My dad served in the army a long time ago
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How long ago was that? In 1980, my friend was awarded an ROTC scholarship, even though he was only 4-11. He received a letter from his family doctor stating that he should grow another two or three inches before he reached his 20s. He ended up getting commissioned at 5'1'', by far the smallest member of my fraternity since they started tracking height and weight. He needed a waiver for his weight. He was a weight lifter and college wrestler who weighed far more than the 118 pounds the Army said he should weigh.
At the time, the military was handing out height and weight waivers like candy. My maximum weight was 230, but I routinely weighed around 260. As long as you passed your PT test every six months, they didn't care much about weight.
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Quote:The last five pennies were stamped with a special omega mark and will not go into circulation, according to the Treasury Department. The government plans to auction the pennies off in the future.
Last 5? Wonder what the bidding will go up to?
Quote: billryanDeath by Lightning is a mini-series on Netflix about the ill-fated tenure of President Garfield, who was assassinated after only 200 days in office.
James Garfield was America's only elected accidental President.
While the production takes some liberties with history, it is very well done.
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Never heard of it but it sounds like something that I would enjoy.
Quote: AZDuffmanLast USA penny being minted this afternoon. We have known it is coming. Last time I was in Canada they did the rounding thing when I bought something. When I hesitated my buddy reminded me the penny was gone a few years up there. After that it was, "oh, yeah!"
I figure people will be upset for a bit but it will be normal. You do not get 1/10 pennies to buy gas, do you?
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I was surprised to read that 9% of retail spending in the U.S. is still in cash. I expected it would be much less. The only thing I use cash for is haircuts as my barber doesn't take cards.
I come across staged YouTube shorts that have this same premise with silver coins just in different settings.Quote: billryanLast week, a woman I know who bartends at a local watering hole had an enjoyable cash experience. A man came in and put a $20 bill on the bar, ordered a beer, and a burger platter. She took the order and served it to him, but didn't charge him, as the money was already on the bar. After his second beer, she went to charge him when he said to hold on. He pulled out a bag of change and started counting out fifty-cent pieces. She began to say something, but he spoke loudly and insisted that she had to accept them. She said she tried to explain to the man that they were worth much more, but he insisted that by law, she had to take them. He counted out 34 Franklin half dollars and then gave her three more as a tip before asking if she had learned a lesson in accepting any American currency. After leaving around $300 in silver behind to pay for his $17 meal, he left, not a doubt convinced he had taught the bartender a lesson.
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People are dumb. I came across a dealer selling Susan B Anthony half dollars for seventy-five cents each. They are dollar coins, not fifty cents.
Those who only deal in plastic may not realize what they're missing.
Quote: billryan<snip>During my last visit to Laughlin, a woman on the cashier line had two $10 Silver Streaks she was going to cash in. I bought them for $20 and sold them the next day for double.<snip>
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billryan,
Did you mean "Silver Strikes"? I have some Silver Strikes. Where did you sell yours for double?
Dog Hand
Yeah, I know situations happen where people are getting a good deal, as I've been in those situations as well.Quote: billryanI've come across situations like this before. In 2001 I had a customer come in with two rolls of silver dollars. He said he knew they were worth a few dollars each but he liked giving them away. At the El Cortez, I saw a dealer refuse to accept a guy's money because it had a blue seal on it instead of green. I exchanged it for my money( they wouldn't let me give him chips for it). Not only was it a 1934 Silver Certificate, but it was a rare bank, and I believe I sold it for $85.. During my last visit to Laughlin, a woman on the cashier line had two $10 Silver Streaks she was going to cash in. I bought them for $20 and sold them the next day for double.
People are dumb. I came across a dealer selling Susan B Anthony half dollars for seventy-five cents each. They are dollar coins, not fifty cents.
Those who only deal in plastic may not realize what they're missing.
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I was referring to this aspect: "She began to say something, but he spoke loudly and insisted that she had to accept them. She said she tried to explain to the man that they were worth much more, but he insisted that by law, she had to take them."
I don't know what you call it, perhaps an ironic ignorance teaching moment.
Quote: DogHandQuote: billryan<snip>During my last visit to Laughlin, a woman on the cashier line had two $10 Silver Streaks she was going to cash in. I bought them for $20 and sold them the next day for double.<snip>
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billryan,
Did you mean "Silver Strikes"? I have some Silver Strikes. Where did you sell yours for double?
Dog Hand
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Any place that buys silver. The older $10 tokens contain six-tenths of an ounce of silver.
Quote: AxelWolfYeah, I know situations happen where people are getting a good deal, as I've been in those situations as well.Quote: billryanI've come across situations like this before. In 2001 I had a customer come in with two rolls of silver dollars. He said he knew they were worth a few dollars each but he liked giving them away. At the El Cortez, I saw a dealer refuse to accept a guy's money because it had a blue seal on it instead of green. I exchanged it for my money( they wouldn't let me give him chips for it). Not only was it a 1934 Silver Certificate, but it was a rare bank, and I believe I sold it for $85.. During my last visit to Laughlin, a woman on the cashier line had two $10 Silver Streaks she was going to cash in. I bought them for $20 and sold them the next day for double.
People are dumb. I came across a dealer selling Susan B Anthony half dollars for seventy-five cents each. They are dollar coins, not fifty cents.
Those who only deal in plastic may not realize what they're missing.
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I was referring to this aspect: "She began to say something, but he spoke loudly and insisted that she had to accept them. She said she tried to explain to the man that they were worth much more, but he insisted that by law, she had to take them."
I don't know what you'd call it, perhaps an ironic teaching moment of ignorance.
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As part of my training to become a volunteer advocate, I must sit through hours of courtroom proceedings. It can be hilarious at times. I'm beginning to understand why so many people need advocates. You'd be amazed at how many people think they can walk away from their cases because the arresting officer failed to read them their rights.
Quote: DRichQuote: AZDuffmanLast USA penny being minted this afternoon. We have known it is coming. Last time I was in Canada they did the rounding thing when I bought something. When I hesitated my buddy reminded me the penny was gone a few years up there. After that it was, "oh, yeah!"
I figure people will be upset for a bit but it will be normal. You do not get 1/10 pennies to buy gas, do you?
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I was surprised to read that 9% of retail spending in the U.S. is still in cash. I expected it would be much less. The only thing I use cash for is haircuts as my barber doesn't take cards.
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I cannot remember the last time I paid cash for anything. I've literally had the same $30 in my wallet for at least 2 years. I have been cutting my own hair for years. I just take the electric shears attach the short hair clip and run it over my head once a month.
