Do clerks need explicit permission from the owner of a grocery chain to exchange a modern nickel for a buffalo nickel if their manager is cool with it?
My mother’s bank didn’t, and it took us a while to switch over. That was a mistake on their part, though.
So in other words, if you take those bills to a Bank of Canada, they will exchange it for current legal tender?
At the library, we recently found some Deutschmarks and Lira from the 1980s in a donated book. I asked my friend, the coin expert, about their value, and he said that they had no exchange-rate value and little resale value, so we’ll send them to the auctioneer next time I drive out there.
wouldn’t you have to notify SS that she’s dead? And does “invalid” SSN prevent people from using the number fgor credit?
SS will figure it out real soon. Every government entity that issues death certificates reports that up the SS. The upside to a family member reporting the death promptly is it prevents SS from paying benefits that aren’t owed. Which benefits SS will promptly take back as soon as they get notice of the death. Note that benefits paid in the calendar month of death are invalid and subject to claw-back. Mom got her SS payment on June 1 & died on June 28? SS will take that money right back out of Mom’s account no notice. Which often surprises people since most of that money was promptly spent on that month’s rent & her last groceries before she died.
And yes, the idea is that once an SS is invalidated, then credit granting outfits (banks, credit cards, etc.) will know not to give credit. Do 100% of them check 100% of the time? maybe not; mistakes happen in any business. But it’s sure the way to bet.
But the customer voluntarily gave them up. And it’s highly unlikely the store is going to sort through their change and cull out coins that they then sell on the collectible or silver market. They will just float through the system until someone does recognize them.
We used to help count and sort the church collection when we were kids. We had the best coin collection around! In the 1950s you could still find Indian head cents every week.
I often go through my paper money to look for interesting serial numbers. I have found a few neat ones so far but nothing real valuable.
Hmm. That is different compared to those on a Federal retirement as I understand it. As long as the retiree dies after the pay date the payment was valid.
A good friend of mine was married to a guy who was on SS disability, due to having suffered a stroke and becoming disabled. He died suddenly, at 10:30pm on the 31st of August, and they clawed back that month’s payment, much to my friend’s surprise. She later rued, “if he’d only lived 90 minutes longer…”
This depends very much on what kind of Social Security payment Mom was getting.
If Mom was receiving regular SocSec retirement benefits, those are paid in arrears, so the check she received on June 1 was for the month of May, and she was alive for all of May, so the feds are not supposed to attempt to reclaim that payment. (The bank, however, will likely put a hold on the funds or attempt to return them in accordance with the Treasury’s “Green Book” rules and wait for SSA to decide whether the payment was correct.)
Other kinds of Social Security payments (disability, SSI [Supplemental Security Income], lump-sum back payments, etc.) likely have different rules.
There are even special rules in the SSA Program Operations Manual System (POMS) on how to account for months in which the payments were made early because the first fell on a weekend or holiday. For example:
The March 2008 SSI payments were issued 02/29/08 (03/01/08 was a Saturday and 03/02/08 was a Sunday). If the SSI recipient was alive as of 12:01 a.m. on 02/29/08 but died later that day, the recipient was due the payment issued even though the payment was for 03/01/08 …
Title II payments for April 2008, must be delivered on 05/02/08 because 05/03/08 is a Saturday. If the Title II beneficiary is alive as of 12:01 a.m. on 05/01/08 but dies later that day, the beneficiary is due the payment even though the payment was dated 05/03/08. —SSA - POMS: GN 02408.005 - Check Stop-Payments in Non-Entitlement Due to Death Situations - 04/08/2024
At some places that might be true.
At other places it is strictly against corporate policy.
Other places the issue is a bit more fuzzy.
A lot of it comes down to controlling and accounting for cash.
Depends on the policy of the company in question. My employer has explicit, written policy on handling cash. Violation of that policy can lead to you needing a new job and having to explain why you were fired in subsequent job interviews.
True, how big is the chain, how strict the rules, etc. Mom & Pop place? Very likely.