Sacagewea coins/50 cent pieces?

[xylophone]

I believe the law works in a way that they can't deny any form of currency to pay a debt. So if you went to a fancy restaurant and wanted to pay the bill with pennies they would have to take it, but if you try to buy McDonald's with pennies they can refuse it because you haven't already received the product/service. I may be talking out of my ass here, but that was how it was explained to me.

[Gumboy]

I believe the law works in a way that they can't deny any form of currency to pay a debt. So if you went to a fancy restaurant and wanted to pay the bill with pennies they would have to take it, but if you try to buy McDonald's with pennies they can refuse it because you haven't already received the product/service. I may be talking out of my ass here, but that was how it was explained to me.

I know the local stores here all refuse pennies or rolls of pennies for service/goods.

[xylophone]

I know the local stores here all refuse pennies or rolls of pennies for service/goods.

That's cuz a debt isn't incurred. The line on currency is "this note is legal tender for all debts, public and private." Like I said, I could be wrong, but that's how I understood it.

[belfpala]

That's cuz a debt isn't incurred. The line on currency is "this note is legal tender for all debts, public and private." Like I said, I could be wrong, but that's how I understood it.

I can refuse a roll of pennies as payment for a debt incurred. http://www.snopes.com/business/money/pennies.asp

There is, however, no Federal law mandating that a person or organization must accept currency or coins as for payment for goods and/or services.

[Kaleredar]

Stores can't deny legal tender because they don't want to accept it. They can in California but that's the only state I know of that allows this.

The only reason I can imagine for that is because they don't want people paying for things with 3,000 pennies in a sparkletts jar.

[belfpala]

The only reason I can imagine for that is because they don't want people paying for things with 3,000 pennies in a sparkletts jar.

The thing you quoted is flat out wrong. Anywhere in the US, I could open a store and have a sign that says "No bills over $20." Or, conversely, "Fuck your pennies, not taking them."

[Gumboy]

The thing you quoted is flat out wrong. Anywhere in the US, I could open a store and have a sign that says "No bills over $20." Or, conversely, "Fuck your pennies, not taking them."

That is basically what the local liquor store's sign says :P

[drwelfare]

I normally get 50 cent pieces when the bank has then and spend them, I got $1000 in 50cent pieces in one trip once, all still boxed and rolled.

I do not like the gold colored dollars. The old Eisenhower coins, that was worthy of a dollar coin

[Cthulhu 2020]

No private store is "required" to take any form of currency as payment.

However, debts to the government can be settled with any legal tender and they cannot refuse it.

I think that's where the confusion comes from.

[Wildtree]

Why don't people fucking read at least the first page before they feel the need to post something......
NO! No one is required by law to accept cash money.
Free market... Every business has the right to set the terms of what payment types they accept. Cash, Card, Check..
Entirely at the discretion of the business.
The outlier can be state laws that overrule that principle.
And that was already linked... It's not that the thread has 100 pages and it could be buried.. It's on the first page of two.... lol



Otherwise.... I always have cash on me.. Bills and coins.
Gas stations are always thankful to get some coins. They're always short on change.

[Reg]

Why don't people fucking read at least the first page before they feel the need to post something......
NO! No one is required by law to accept cash money.
Free market... Every business has the right to set the terms of what payment types they accept. Cash, Card, Check..
Entirely at the discretion of the business.
The outlier can be state laws that overrule that principle.
And that was already linked... It's not that the thread has 100 pages and it could be buried.. It's on the first page of two.... lol



Otherwise.... I always have cash on me.. Bills and coins.
Gas stations are always thankful to get some coins. They're always short on change.

The only exception to this (I think) is government facilities, like courts and DMV. I have paid for parking tickets with change.

[lockedout]

Should be able to. It's legal tender.

Although any store can set their own policy. Then there are basic logistics. Example: don't be the jackass that shows up for the early show at the movie theater and pays for one ticket with a $100.

A store can't set a policy that denies legal tender.

[Reg]

A store can't set a policy that denies legal tender.

Yes, they can.

http://www.federalreserve.gov/faqs/currency_12772.htm

A private business can be 100% cash or 100% credit/debit if they want. They can also say they only accept $5 bills. Unless there is a state law, but that varies by state.

[lockedout]

Yes, they can.

It differs from state to state, as the states can dictate what's acceptable. So were both right.

[Reg]

It differs from state to state, as the states can dictate what's acceptable. So were both right.

You were perpetuating a myth. I can't name a single state with laws mandating all legal tender must be accepted. And I have been to most of them. They can have laws since the Fed doesn't, but the vast majority don't.

[lockedout]

You were perpetuating a myth. I can't name a single state with laws mandating all legal tender must be accepted. And I have been to most of them. They can have laws since the Fed doesn't, but the vast majority don't.

Can't we both just be right and hug it out bro?

[belfpala]

Can't we both just be right and hug it out bro?

It's all good. I have a couple cases of beer we can drink together. I only accept brown M&M's as payment.

[Reg]

It's all good. I have a couple cases of beer we can drink together. I only accept brown M&M's as payment.

You and David Lee Roth would never get along.

[belfpala]

You and David Lee Roth would never get along.

I know, right? I should have reconsidered my currency options...

[Damerflinn]

Actually you can not deny someone services based on the type of money that you are paying with. While they may or may not be allowed to deny certain types of currency, you are still denying services.

Every business has the right to deny service. HOWEVER, it MUST be done the second you walk in the door, and can not be done afterwards. If you have already come into the store, selected your profit and it has been rung up, they can't do anything, because you are violating the previously mentioned law.