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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 07/05/2010 : 20:38:44
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| On the other hand then it would be legal for them to refuse to take anything but coins as payment. That information may come in handy someday. |
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Think positive. |
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wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 07/05/2010 : 21:07:24
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you are saying...... what about, if you had a business. To ONLY accept coin for payment!
how about that.
Beau, you aren't from Lufkin are you? I have a good friend there and it isn't too far from my parents home(still more than an hour, but closer than I am now) |
"May your percentages ever increase!" |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 07/05/2010 : 21:11:57
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I think this guy got it wrong. Isn't it when a debt is created- like a credit card bill, that US currency is legal tender and must be accepted for said debts?
I can understand going to Wal-Mart with a cart of stuff and at the end to pay your total of them refusing to accept 20,000 pennies, however if you have a car loan that has a monthly bill that needs to be paid that US currency should be accepted to pay it off (like coins).
If there is no agreed or standard legal means of paying a debt or tax (like using US currency includ. coins) whats stopping me from using Canadian Dollars or old shoes as payment?
Just my two cents. |
Robber Baron= Robarons |
Edited by - Robarons on 07/05/2010 21:13:40 |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 07/05/2010 : 21:16:19
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The key is whether or not a debt has been established. If you are in debt, you can repay with legal tender, versus if a store has a standing policy to not except certain coins or notes, since there is no debt to discharge until both parties agree on price and method of payment (thereby establishing a verbal or implied contract for a sale of goods). So if you are in line to buy bread with $4 in pennies and you get to the counter and they refuse you, you are SOL since you aren't in debt until after they agree to sell you the bread.
It gets tricky though, because what if you pump gas, then try to pay with a $50 note and they don't take them? Do they have to take them since there is a debt, or is it your fault because you should have read the sign?
And good observation, Ardent. |
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.
-Caxton's edition of Aesop's Fables, 1484 |
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uthminsta
1000+ Penny Miser Member
USA
1872 Posts |
Posted - 07/05/2010 : 21:38:12
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| I think they would poke a hole in your gas tank. Haha. No, I actually did this once, and they said we don't take that, you'll have to go to a bank or somewhere else to break it. And they made me leave my license until I did it. I was young and stupid, and they were old and mean. And ugly. |
Come to the new and improved realcent: http://realcent.org
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
 Posted - 07/05/2010 : 22:52:32
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quote:
Originally posted by uthminsta
I think they would poke a hole in your gas tank. Haha. No, I actually did this once, and they said we don't take that, you'll have to go to a bank or somewhere else to break it. And they made me leave my license until I did it. I was young and stupid, and they were old and mean. And ugly.
you'd think they would have made an exception for you, but told you not to do it again. Sphincters!  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/05/2010 : 23:03:11
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Won't take coin in payment?
They're lucky to have business at all!
My service will take any form of cash our customers wish to tender!
We are not sphincters, we want to do business! |
Come to the new and improved realcent: http://realcent.org
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 07/05/2010 : 23:28:38
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quote:
Originally posted by thogey
Won't take coin in payment?
They're lucky to have business at all!
My service will take any form of cash our customers wish to tender!
We are not sphincters, we want to do business!
There you go Eric, a new slogan for your company  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 07/07/2010 : 18:57:33
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| I've had cash refused on a few occasions. Once, in Maryland, I was renting a Townhouse and they would only take check or money order. The other time was in College. I was trying to pay for my student ID with cash, no go. |
Are you throwing that out? |
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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 07/07/2010 : 19:09:13
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quote:
Originally posted by beauanderos
quote:
Originally posted by thogey
Won't take coin in payment?
They're lucky to have business at all!
My service will take any form of cash our customers wish to tender!
We are not sphincters, we want to do business!
There you go Eric, a new slogan for your company
Perfect! I'll order the refrigerator magnets today! |
Come to the new and improved realcent: http://realcent.org
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didou
Penny Sorter Member
Canada
47 Posts |
Posted - 07/07/2010 : 21:50:50
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In Canada they can even refuse coins as legal tender in case of settlement of a debt. For every others transaction it's private between the 2 party and any party can refuse any denominations they want, i.e. bank and store can refuse coins.
You must be logged in to see this link.
Legal Tender, Section 8 (2-4), Section 9 |
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Ginger
New Member
4 Posts |
Posted - 08/29/2010 : 21:06:11
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Well, that is good to know! I never had issues with businesses not accepting a handful of change, but in my experience most places will not accept rolled coins. Whenever I try to pay with a roll, the cashier will refuse and give me a ‘tude. There would have been no problem if I had dumped that same amount of change without the roll. But if I pay with a roll? They take the roll, look at me funny and the manager comes over.
I can understand not accepting rolls as there may be errors in counting, but really, how hard is it to unwrap a quarter roll and count the darn thing? They’d count the same amount of LOOSE change without a problem. Does the paper contain some sort of acid which melts the currency and makes it unusable? Today I usually open the roll and count it myself before handing it over to avoid conflict, but if the refusing cashier happens to be holding my roll and looking very confused, I tell them to just open it, take the coins out and count. Duh. |
New collector! |
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Sheikh_yer_BuTay
Penny Pincher Member
USA
232 Posts |
Posted - 08/29/2010 : 23:30:02
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quote:
Originally posted by Ginger
Well, that is good to know! I never had issues with businesses not accepting a handful of change, but in my experience most places will not accept rolled coins. Whenever I try to pay with a roll, the cashier will refuse and give me a ‘tude. There would have been no problem if I had dumped that same amount of change without the roll. But if I pay with a roll? They take the roll, look at me funny and the manager comes over.
I can understand not accepting rolls as there may be errors in counting, but really, how hard is it to unwrap a quarter roll and count the darn thing? They’d count the same amount of LOOSE change without a problem. Does the paper contain some sort of acid which melts the currency and makes it unusable? Today I usually open the roll and count it myself before handing it over to avoid conflict, but if the refusing cashier happens to be holding my roll and looking very confused, I tell them to just open it, take the coins out and count. Duh.
Hello Ginger!
Welcome to the forum!
I often pay for goods with half dollar coins. No one has turned me down yet. Before they have a chance to object... I will often say something like: "This is lawful money. It's in the Constitution!" |
"The most fiscally irresponsible government in American history."
Mort Zuckerman, liberal columnist and former Obama speech writer |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/29/2010 : 23:47:09
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| I pay with rolled coins all the time. But most of the places I do business with are used to it by now. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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cesario
Penny Pincher Member
129 Posts |
Posted - 08/30/2010 : 06:09:40
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You must be logged in to see this link.
quote:
This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise. For example, a bus line may prohibit payment of fares in pennies or dollar bills. In addition, movie theaters, convenience stores and gas stations may refuse to accept large denomination currency (usually notes above $20) as a matter of policy.
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 08/30/2010 : 09:55:57
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I went to the movies last week. Watched "The Expendables." Not that bad, actually.
I tried to pay in a stack of half dollars. The girl was younger than I am, which is saying something. She counted them up, stared at them, counted them again, and said, "Are you sure you want to pay with these quarters?" "No," I said, "They're half dollars." "Oh." She proceeded to count them again. "I'm not sure we accept these here." "They are legal tender." "Oh."
I missed all of the opening trailers for the movie. But that show was nearly as good as seeing Sly and the Govenator and John McClane on one screen. |
So long, Realcent 1. Come visit us at Realcent.org! |
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mauk13r
Penny Sorter Member
USA
60 Posts |
Posted - 08/30/2010 : 12:01:36
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| I will have to check out the movie ASAP... |
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frugalcanuck
Penny Pincher Member
Canada
103 Posts |
Posted - 08/30/2010 : 21:26:31
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| I often pay with rolls. I have only had one issue before. I ended up telling the guy it is legal tender and he took them. It surprised me how easy it was and non-confrontational to pay with rolls. |
One box of Nickels
11.65% .999 Ni |
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abe
Penny Pincher Member
117 Posts |
Posted - 08/31/2010 : 15:04:34
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| Most places in my area will accept anything for payment. I did have trouble at the PO once when I paid to ship a package with a roll of quarters. That post master no longer works here. WalMart accepts rolls of coins as long as you have your name & ph.# on the roll, and an ID. |
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Ginger
New Member
4 Posts |
Posted - 08/31/2010 : 16:05:00
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Thanks for the welcome, Sheikh!! I have been lurking these forums for a while and figured it’s about time that I actually joined it!
It’s good to hear that most don’t have problems with coin rolls!! That makes me happy. Perhaps it is just my area as a whole which is funny about. I’ve tried “it’s legal tender” a couple times but that never made it through, haha. |
New collector! |
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cesario
Penny Pincher Member
129 Posts |
Posted - 09/01/2010 : 06:48:05
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quote:
Originally posted by Ginger
It’s good to hear that most don’t have problems with coin rolls!! That makes me happy. Perhaps it is just my area as a whole which is funny about. I’ve tried “it’s legal tender” a couple times but that never made it through, haha.
Best thing to do is not be a jerk about it. If they need to verify it and count it out, let them. Be patient and lenient. If they refuse, don't act like a drama queen and get mad. Just walk away or pay in alternative means.
As the saying goes: "You get more flies with sugar than vinegar." Or something. |
Edited by - cesario on 09/01/2010 06:49:16 |
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Stores can refuse coins as payment
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