One question came up in my head and I did not see in the past forums after a very quick search.
Do you think coin collectors use credit cards or bank accounts less?
Because I saw quite a few posts here on Numista that people do not have credit cards or even bank accounts and never had one. It sounded very strange to me, and I thought everyone by now had a credit card, or at least a bank account. Do you think it is the case with us, coin collectors? Or am I mistaken?
I use Online Banking quite often but I prefer to use cash on my day-to-day purchases.
I don't use credit cards and only a few people I know have one just for purchases that require one (like importing stuff from over seas).
Without bank account you are quite fucked in Germany though, no account no pay, if you are homeless no aid and so on and so on.
Quote: "Idolenz"I use Online Banking quite often but I prefer to use cash on my day-to-day purchases.
I don't use credit cards and only a few people I know have one just for purchases that require one (like importing stuff from over seas).
Without bank account you are quite fucked in Germany though, no account no pay, if you are homeless no aid and so on and so on.
unless.......... you have a million pound banknote
( Mark Twain, short story on YouTube watch it )
I very seldom use cash / coins for payment. Usually only to pay friends back for something. Groceries, gas, etc all goes on a card. I pay off the balance every month and I get credit on Amazon with the card I use. So basically free money.
"What we are is not as important as what we aren't"
I don't know how you can get away without having a bank account and a credit card in the modern society, unless you don't have any bills/taxes to pay or have someone else paying for you…
- cc everywhere that does not charge a service fee for using one for the cash back rewards
- online payment from a bank account for most other things
- by check for the rare occasion where they don't offer the option to pay online
- cash - nowadays, mostly for coin shows. Dealers will tell you that they don't want to deal with cc/check fraud and cannot afford to lose their already slim profit margins, but the more likely reason seems to be that cash sales create an opportunity for tax evasion
Personally I use debit card/contactless for about 60%-70% of my transactions and the rest in cash. I haven’t used cheques for about 4-5 years.
Hi to whoever is reading this. Did you know that TYPEWRITER (on a QWERTY keyboard) is the longest word you can type using only the letters on one row of the keyboard.
I use credit cards about 98% of the time, even for a dollar. Apart from handing over post dated cheques for rent, I don't use those at all. I almost never carry cash and coins definitely never. The only time I do end up withdrawing cash is to pay at my local coin club and when I'm travelling abroad to mostly pay my family/friends who may have made bookings on my behalf. I'll keep a bit of cash aside to leave as tip for housekeeping in the hotel i'm staying.
When I go out, I pretty much exclusively use cash. However, I do have a debit card if I run out of cash or for large purchases. I have never actually written out a check, although I imagine most in my generation haven't either.
Master Coin Referee
Coin referee for CRI, GTM, HND, NIC, PAN, and SLV.
Revisor principal de monedas
Revisor de Numista para monedas de CRI, GTM, HND, NIC, PAN y SLV.
I always use cash in everyday payments - a good way of keeping an eye out for replacement notes or rare prefixes. I always look for unused notes from ATMs and target ATMs which give UNC notes out. There is always a chance that I might get replacement notes, or even tap into a run of UNC replacements, which has happened a few times.
I think some of the paper money/coin collectors out there use credit cards less & very few of those don't have a bank account. At least that's what I've read from down under (some collectors in Australia) & a few collectors from the states. I would also hazard to guess that most of these people (who tend to favour cash over cheques, bank drafts or VISA, online) happen to be from the older more wary generation of collectors. Sometimes, that's how they got started (never opening up account & only accepting coins/cash made them discover older series & varieties). I know some collector acquaintances (from collecting -online) who emigrated from state controlled nations & they use cash exclusively. But they (& myself who favours cash) are a "dying breed."
Just about everyone I know use credit/debit & rarely have cash on hand. They consider it odd that I like to pay with cash & constantly rub it in (like I'm living in the past). Here, in Canada, it's getting to be quite challenging to use cash. Just yesterday, I bought lunch at Costco & had to use my debit card. The largest drugstore chain (Shoppers) has gotten rid of most of their cashier check outs, like MacDonalds, Walmart & I'm sure our LCBO's and Beer retail outlets will be next.
I've tried to start threads on going cashless on other forums but am lucky if I get 2 or 3 responses (plus most collectors admit that VISA or phone is preferred). Forums like these are dropping out of favour for social media platforms where people just post images of their coins & hope to get a few likes. So many people I know are “all in” with the rewards programs (which we all pay for) and most of us continue to remain oblivious to any privacy concerns.
I try to use cash as much as possible. its A good way to keep up with spending , but it also allows me plenty of opportunities to pull coins and currency from circulation.
I try to use cash as much as possible. its A good way to keep up with spending , but it also allows me plenty of opportunities to pull coins and currency from circulation.
- I completely agree @worth.
Using cards leaves the user open to transaction fees, surveillance, and unwanted marketing. And yes, much of my collection came from banks at face value
-Exactly! I have even struggled to take out cash (what I call 'recycle' cash) by exchanging larger denominations with smaller ones. Often, since the pandemic, they've hired new employees who struggle with the my transaction request & then ask for feedback (or filling out an online survey) even though they've just been 20 minutes to do what used to take 10 minutes!
And most annoying thing of all is that so many businesses here have used the pandemic as an excuse to lay-off (be rid of) their cashiers & install self paid debit/credit check outs. It's no longer becoming an option to pay in cash. Nobody finds this alarming but me.
And most annoying thing of all is that so many businesses here have used the pandemic as an excuse to lay-off (be rid of) their cashiers & install self paid debit/credit check outs. It's no longer becoming an option to pay in cash. Nobody finds this alarming but me.
I've had a better experience with self-checkout machines. Every store that I've been to has a 1:1 ratio of self-checkouts and cashiers. Also, the machines all take cash and coins (and don't give me a funny look for it).
Honestly, I love self-checkouts. The only time I have trouble is if I have a big shop or have to weigh something. Then I'll opt for a cashier.
Master Coin Referee
Coin referee for CRI, GTM, HND, NIC, PAN, and SLV.
Revisor principal de monedas
Revisor de Numista para monedas de CRI, GTM, HND, NIC, PAN y SLV.
Good question. Personally I dislike using cash unless paying someone personally, and with the bonus of cashback rewards it's almost all credit transactions. Since I'm “outside” the country (Mexico), I get a really good rate that beats paying with cash (ex. 20.1x$1 vs. 19.5x$1), plus the cashback. When paying with cash, I try to get rid of my coins quickly, and people here really appreciate it; in fact, I will exchange all of my coins and small notes first, then deduct what I'm buying from that total. Also since I'm rarely using cash in the US, I'll exchange my coins for cash 1:1.
Kenny
- Verifying your Asian and British-territorial coins everyday with the best quality photos and the best information.
Cash most of the time at the small shops like bakery, green grocer, cheese monger, butcher, pharmacy, etc. My surplus coins go back to the bakery, since nearly all their transactions are cash, so they always need coins for their exchanges. Of course, I have my fun at the end of the day going through my pocket change😁 and then change my doubles the next day in one of my small shops!
Credit card always for bigger purchases and for on-line shopping.
I stop for coffee and news paper (plus tax!) workday mornings , and they almost always have “exact change please!” sign up, and I can almost always do it. $4.66, I be sure to have in my pants some paper ones, bunch of quarters and bunch of pennies, and hopefully a dime or a nickle.
The weekly grocery store haul >$100 , pull out the card.
Jamais l'or n'a perdu la plus petite occasion de se montrer stupide. -Balzac
I always exclusively use cash abroad, because of rip off fees and charges.
Using a UK Debit card to withdraw cash in Poland is a grim experience. Two options are presented: Have your bank do the currency conversion, or have the bank you are withdrawing from do it. I did a test to withdraw 100 Zloty (got an UNC note!) using both methods, and was charged around 10% in each case [I checked the mid-rate on my phone in real time]. Most of this is a bank fee.
A minefield.
So, I will continue to use cash when abroad, as I have always done. And if someone doesn't take cash, I will take my custom elsewhere, leaving a pile of goods at the checkout for them to resort - I have done this too!
Very good exchange rates are given at a street Kantor in Poland (not the tourist ones).
Cash and cards are widely used in Poland for most transactions.
I always exclusively use cash abroad, because of rip off fees and charges.
Using a UK Debit card to withdraw cash in Poland is a grim experience. Two options are presented: Have your bank do the currency conversion, or have the bank you are withdrawing from do it. I did a test to withdraw 100 Zloty (got an UNC note!) using both methods, and was charged around 10% in each case [I checked the mid-rate on my phone in real time]. Most of this is a bank fee.
A minefield.
So, I will continue to use cash when abroad, as I have always done. And if someone doesn't take cash, I will take my custom elsewhere, leaving a pile of goods at the checkout for them to resort - I have done this too!
Very good exchange rates are given at a street Kantor in Poland (not the tourist ones).
Cash and cards are widely used in Poland for most transactions.
Your post reminded me of myself withdrawing cash in Poland in 2019. I needed some cash because the place I wanted to buy something did not except cards. There were some private currency exchange stores and ATMs. I was in Krakow. ATM was much closer, and I decided to check first how much it charged. And it was an ATM in the middle of the city, the one for tourists, so I was extremely skeptical, even checked if the thing where you put in your card was not fake. So, I inserted my US Debit card (Capital One 360), started pressing the buttons and to my surprise did not see any fee at all. I ended up withdrawing 100 zlotyh or so. My US bank does not charge any ATM fees, even abroad, and the exchange rate was at the exchange rate of MasterCard, so it was very suitable and much better than the exchange store.
I was extremely surprised of such a pleasant experience, and even was checking my bank account for additional fees for a few days, but none were added.
Just finished my weekly routine: my bank to withdraw cash, petrol for my car, and lastly grocery shopping.
Bank was fine but it seems all credit / debit is not working for all retailers in this city of 125,000 people. I went about my day as usual but their were many people with faces of anger, panic, and disbelief.
Cash is King!!
It ain't what you don't know that gets you into trouble. It's what you know for sure, that just ain't so. Mark Twain
Just finished my weekly routine: my bank to withdraw cash, petrol for my car, and lastly grocery shopping.
Bank was fine but it seems all credit / debit is not working for all retailers in this city of 125,000 people. I went about my day as usual but their were many people with faces of anger, panic, and disbelief.
Cash is King!!
lol always the reason why you got to keep some on yeah at all times
Just finished my weekly routine: my bank to withdraw cash, petrol for my car, and lastly grocery shopping.
Bank was fine but it seems all credit / debit is not working for all retailers in this city of 125,000 people. I went about my day as usual but their were many people with faces of anger, panic, and disbelief.
Cash is King!!
Credit cards were working, but not debit it seems. I paid for my starbucks and then sushi from loblaws with credit card as usual. But my face was still probably contorted with quite a bit of anger with Rogers because i had absolutely no phone signal or internet at home for the entire day. So had to get into office, but couldn't figure out the bus timings, so ended up waiting quite a while for a connecting bus from the TTC. Rather than card vs. cash, yesterdays episode with rogers showed just howbeing connected to the internet is so important in public and private life and how dangerous it is to have an oligopoly of 3 big players who control all the infrastructure around it
Just finished my weekly routine: my bank to withdraw cash, petrol for my car, and lastly grocery shopping.
Bank was fine but it seems all credit / debit is not working for all retailers in this city of 125,000 people. I went about my day as usual but their were many people with faces of anger, panic, and disbelief.
Cash is King!!
For those who may not be living in Canada, refer to the Rogers Network outage that occurred yesterday 07/08 for the full day & is slowly coming back online (according to some). Rogers is one of 3 large ISP for Canada & there has been a massive negative ripple impact on smaller providers & phone debit (+ other e commerce) throughout Canada.
I usually carry some cash (for emergencies, etc.), but rarely use it. I don't receive my paycheck in hard cash, so going to an ATM, etc. is an inconvenience.
For most payments, either offline or online, I use either my credit/debit card or Pix — a Zelle-like payment platform maintained by the Brazilian government, but also accessible to unbanked persons.
In the supermarket yesterday [Ostróda, Poland]. Big long queue for the only manned by a human checkout, and some annoyed people at the Card Only automatic checkouts.
The auto checkouts were getting stuck at a particular stage of the transaction, all three of them: ‘seek assistance’.
Two of them had an abandoned transaction.
The staff opened up two more checkouts to clear the backlog.
When one cog in the system gets stuck, the whole thing breaks - there is no way to clear a stuck transaction and start again on these particular machines without staff intervention. and a staff member had to intervene in every single transaction on this occasion!
I dislike the auto machines, but occasionally use them if they take cash and I have one item or the like.
I dislike the auto machines, but occasionally use them if they take cash and I have one item or the like.
I don't know, I always try to use self-checkouts, the lines are usually shorter, and especially if I have coins to pay. I quickly throw in 30-40 1-cent coins that accumulate in a months or so, and pay the rest with a card.
I can hardly imagine a face of a cashier when I hand them a bunch of dirty pennies.
Heh, I have been trying to get rid of my increasing number of Groszy coins, I have lots of 1, 2, 5 Groszy coins in quantity. The 10, 20, 50 can be used in parking meters. Polish checkout staff are always in a hurry, so a foreigner counting out almost worthless coins to make up a small amount pushes it a bit. Charity boxes are the answer.
I have the same problem in the UK - 1p, 2p coins tend to accumulate…!
Yesterday I went to my local Morrisons and bought a 500ml bottle of Pepsi Max cherry, Coca Cola Zero vanilla and two packs of mints which in total costs £4.85 and I decide to pay with coins.
Firstly I used two 50ps then 30p worth of 1p and 2ps and when I was putting in the 4th 20p it started spitting them out. So after attempting to put other coins in and spitting them out I has to pay the £2.95 with card so even when your paying with cash there is a limit.
Hi to whoever is reading this. Did you know that TYPEWRITER (on a QWERTY keyboard) is the longest word you can type using only the letters on one row of the keyboard.
Recently I went to my local Sainsbury’s (to buy some Christmas snacks) and was horrified that they removed almost all of of the manned checkouts and replaced them with cashless self checkouts. so before it was 20-25 manned checkouts and 9 self checkouts that all accepted card and cash payments, while now it’s 8 manned, 4 self checkouts that accept cash payments and 20 others that don’t.
Hi to whoever is reading this. Did you know that TYPEWRITER (on a QWERTY keyboard) is the longest word you can type using only the letters on one row of the keyboard.
(Back in the UK now) I was in my local M & S a couple of days ago. There were three manned checkouts, each with a modest queue. No one was using three the automatic machines. Both people ahead of me paid in cash, as did I.
M & S did not have a charity box at the checkout, so I took my small change away with me.
Recently I went to my local Sainsbury’s (to buy some Christmas snacks) and was horrified that they removed almost all of of the manned checkouts and replaced them with cashless self checkouts. so before it was 20-25 manned checkouts and 9 self checkouts that all accepted card and cash payments, while now it’s 8 manned, 4 self checkouts that accept cash payments and 20 others that don’t.
During the lockdowns/shutdowns during Covid, many retailers removed their traditional check-outs (with cashiers) & replaced them with (self) automated (cashless) check-outs in southern Ontario, Canada. Our largest pharmacy (Shoppers Drug Mart) along with several others cut staff drastically (& left 1 cash check out which is typically unmanned). Several times I have left items in their store b/c nobody would serve me after waiting 5-10 minutes (& ringing their bell). They also did this (installed automated cashless check-outs) with several 2nd-hand thrift shops which now have 1 cash check out. Banks have also cut staff drastically & most tellers look at me like I'm bonkers if I ask to change-down cash (like trade $500 for 100 Fives). ("No I didn't ask to sleep overnight in your vault") This is the way almost everybody looks at me if I even breach the topic of how fast we're going cashless here (with 99% of the people I know embracing CC/Debit). Very few staff in their teens or twenties seem to be able to add or subtract as well (so they always look disappointed the moment I hand them a banknote)! Luckily the cash register can sort out how much change they owe me!
A couple weeks ago one of our tv stations had a “trending” show which looked at Canada going cashless. The generation Y host seemed thrilled about going cashless & interviewed mostly proponents. They had one token hippy bartender guest who championed cash only patronage from downtown Toronto. It's actually an old topic here but we really took a deep nosedive in ditching cash during the pandemic.
Wow, that's cool that nobody here makes rent or mortgage payments, utility bills, homeowners insurance, automobile payments/insurance, real estate tax payments. Because that's about 70% of what's paid out of our house each month for necessities, and it's done by bank transaction.
Grocery stores, restaurant meals and gasoline are done by a combination of debit card and cash (I use cash at grocery stores when the bill is less than $10-15).
Rumor has it that cash is used in our neighborhood for gig workers like house cleaners and pet sitters, but I wouldn't know about that.
Wow, that's cool that nobody here makes rent or mortgage payments, utility bills, homeowners insurance, automobile payments/insurance, real estate tax payments. Because that's about 70% of what's paid out of our house each month for necessities, and it's done by bank transaction.
Here in Lithuania it is still possible to pay utility bills in cash. (As for the four other types of payment which you have mentioned, I cannot say, because I don't make such payments.)
About self-checkout machines in supermarkets: in my country some of them accept cash, and in fact this is a very convenient way to spend your surplus coins and get more coins without annoying cashiers.
Recently I went to my local Sainsbury’s (to buy some Christmas snacks) and was horrified that they removed almost all of of the manned checkouts and replaced them with cashless self checkouts. so before it was 20-25 manned checkouts and 9 self checkouts that all accepted card and cash payments, while now it’s 8 manned, 4 self checkouts that accept cash payments and 20 others that don’t.
During the lockdowns/shutdowns during Covid, many retailers removed their traditional check-outs (with cashiers) & replaced them with (self) automated (cashless) check-outs in southern Ontario, Canada. Our largest pharmacy (Shoppers Drug Mart) along with several others cut staff drastically (& left 1 cash check out which is typically unmanned). Several times I have left items in their store b/c nobody would serve me after waiting 5-10 minutes (& ringing their bell). They also did this (installed automated cashless check-outs) with several 2nd-hand thrift shops which now have 1 cash check out. Banks have also cut staff drastically & most tellers look at me like I'm bonkers if I ask to change-down cash (like trade $500 for 100 Fives). ("No I didn't ask to sleep overnight in your vault") This is the way almost everybody looks at me if I even breach the topic of how fast we're going cashless here (with 99% of the people I know embracing CC/Debit). Very few staff in their teens or twenties seem to be able to add or subtract as well (so they always look disappointed the moment I hand them a banknote)! Luckily the cash register can sort out how much change they owe me!
A couple weeks ago one of our tv stations had a “trending” show which looked at Canada going cashless. The generation Y host seemed thrilled about going cashless & interviewed mostly proponents. They had one token hippy bartender guest who championed cash only patronage from downtown Toronto. It's actually an old topic here but we really took a deep nosedive in ditching cash during the pandemic.
I feel like Canada and the Nordic countries are the ones leading the way to a cashless society because although in the UK and Europe most places still accept cash I've seen new businesses accepting card/contactless payments only.
This article from Mastercard shows the extent of people using non cash payment methods, even though its from 2013 this is still relevant to the increase of cashless payments.
Hi to whoever is reading this. Did you know that TYPEWRITER (on a QWERTY keyboard) is the longest word you can type using only the letters on one row of the keyboard.
I use my bank card a lot less. I always get heaps of $10 notes from the bank, and check for any good serial numbers, and I pay for things with banknotes, so there is so much more chance of getting a commemorative coin to add to my collection.
I got this from getting notes out of the bank. The numbers are a pattern.
