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Are businesses required to take pennies?

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Originally posted by: Darthvoy
Originally posted by: tranceport
They cannot refuse legal tender.

So I'm told.
Click to expand...

yes, according to my law professor if the refuse to take it...you can get it for free.
Click to expand...

Typical ATOT logic: I don't get my way, someone's gonna pay!
 
I had a Subway employee tell me they don't accept Sacagawea dollar coins. I had her ask her manager, who told her they do accept them. Money is money people!
 
hey, I was reading up on this and it raises a question in my mind..

There's this thing called "invitation to treat", which is different from offering a contract..I'm not sure which would apply in the process one goes through at a drive thru ?

Kinda seem like placing an order at a drive thru, and then it being accepted, might be somewhat different than buying something off the shelf at a merchant.

And the distinction is kinda relevant to whether or not the pennies have to be accepted, I think.

 
Originally posted by: BobDaMenkey
Go to a bank first you jerk.
Click to expand...
I tried this in California a few years ago. I brought about ~3000 pennies to a large Wells Fargo branch in a plastic bag and they wouldn't take them. They said I needed to roll them. I asked if they didn't have a counting machine and they said they didn't. I asked if there was a larger branch that did and they said there wasn't.

They said they'd give me paper rolls to put them in, and I pointed out that I might short them two or three pennies per roll and they didn't care. They told me to take them to a Coinstar machine in the grocery store (it charges like 8% to count your change).

I held on to those pennies for several years until Coinstar began to sell Amazon and Starbucks gift cards which charge nothing to count the change. It took 15 minutes to feed my pennies into the machine and by then it was like $45.
 
If you can claim that the pennies came from heaven and they still won't accept them, threaten to call Jesus on your cell phone for a Napalm attack.
 
In Canada, there's a law for the maximum number of coins a store is require to accept. I don't remember the numbers off the top of my head, they're in one of my law books at home. But I'm pretty sure in Canada that legally they don't need to accept 100 pennies to pay for $1.
 
Originally posted by: Rumpltzer
Originally posted by: BobDaMenkey
Go to a bank first you jerk.
Click to expand...
I tried this in California a few years ago. I brought about ~3000 pennies to a large Wells Fargo branch in a plastic bag and they wouldn't take them. They said I needed to roll them. I asked if they didn't have a counting machine and they said they didn't. I asked if there was a larger branch that did and they said there wasn't.

They said they'd give me paper rolls to put them in, and I pointed out that I might short them two or three pennies per roll and they didn't care. They told me to take them to a Coinstar machine in the grocery store (it charges like 8% to count your change).

I held on to those pennies for several years until Coinstar began to sell Amazon and Starbucks gift cards which charge nothing to count the change. It took 15 minutes to feed my pennies into the machine and by then it was like $45.
Click to expand...

Chevy Chase banks have a coin counter for free 🙂 and you don't even have to be a Chevy Chase customer/member
 
Originally posted by: StevenYoo
lots of people out there want to abolish the penny.

the actual copper in a penny is now worth more than the penny itself, u know.
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STOP POSTING!!!

I hate it when people love to claim something as truth yet have no real knowledge (like this person and the OP)

Pennies are mostly zinc not copper. Been that way for many many years. They have very little copper and the copper in a penny is NOT worth more then a penny.


And as someone already posted...

""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."

That's it. All this means is that the Federal Reserve System must honor U.S. currency and coins, not necessarily anyone else. "
 
Originally posted by: WobbleWobble
In Canada, there's a law for the maximum number of coins a store is require to accept. I don't remember the numbers off the top of my head, they're in one of my law books at home. But I'm pretty sure in Canada that legally they don't need to accept 100 pennies to pay for $1.
Click to expand...
In Canada they're not allowed to add caffeine to sodas.

We don't want to be like Canada.
 
Originally posted by: DougK62
Originally posted by: Darthvoy
Originally posted by: tranceport
They cannot refuse legal tender.

So I'm told.
Click to expand...

yes, according to my law professor if the refuse to take it...you can get it for free.
Click to expand...

If you aren't joking then you should seriously consider changing schools.
Click to expand...

well, according to the snopes link..pennys are a whole different story. I was talking about legal tender
 
Originally posted by: toekramp
Originally posted by: Rumpltzer
Originally posted by: BobDaMenkey
Go to a bank first you jerk.
Click to expand...
I tried this in California a few years ago. I brought about ~3000 pennies to a large Wells Fargo branch in a plastic bag and they wouldn't take them. They said I needed to roll them. I asked if they didn't have a counting machine and they said they didn't. I asked if there was a larger branch that did and they said there wasn't.

They said they'd give me paper rolls to put them in, and I pointed out that I might short them two or three pennies per roll and they didn't care. They told me to take them to a Coinstar machine in the grocery store (it charges like 8% to count your change).

I held on to those pennies for several years until Coinstar began to sell Amazon and Starbucks gift cards which charge nothing to count the change. It took 15 minutes to feed my pennies into the machine and by then it was like $45.
Click to expand...
Chevy Chase banks have a coin counter for free 🙂 and you don't even have to be a Chevy Chase customer/member
Click to expand...
All the local banks that I've ever used have had counting machines and counted my coins for free. Even the campus branch of the regional bank I used in Illinois had a counting machine. I think the no counting thing is a California thing. The lowest price to count coins at that time was like 3% at a local credit union.

Isn't Chevy Chase an actor?
 
Originally posted by: rivan
Call 1-800-jackinthebox, or whatever their number is.
Click to expand...

Ask for Jack. They'll put you right through.

On a similar note, I once had a stripper buy a Nintendo 64 and a bunch of games with 500 ones. 500 crinkled up, funky ones.
 
One time a guy I worked with got dinged by his government contractor for an expense call that the employee had made for a contract goal (To get reimbursed later I'm told). In protest he payed his tab in pennies. Everyone in this shop, contract or not, got a kick out of the pile of pennies he left on the supervisors desk. It was equally amusing watching the guy try and pick all of the pennies up.
 
Originally posted by: Darthvoy
Originally posted by: DougK62
Originally posted by: Darthvoy
Originally posted by: tranceport
They cannot refuse legal tender.

So I'm told.
Click to expand...

yes, according to my law professor if the refuse to take it...you can get it for free.
Click to expand...

If you aren't joking then you should seriously consider changing schools.
Click to expand...

well, according to the snopes link..pennys are a whole different story. I was talking about legal tender
Click to expand...

Eh...it doesn't make a difference. Pennies, dollars, whatever - businesses do not have to accept it if they don't want to.

 
Originally posted by: DougK62
Originally posted by: Darthvoy
Originally posted by: DougK62
Originally posted by: Darthvoy
Originally posted by: tranceport
They cannot refuse legal tender.

So I'm told.
Click to expand...

yes, according to my law professor if the refuse to take it...you can get it for free.
Click to expand...

If you aren't joking then you should seriously consider changing schools.
Click to expand...

well, according to the snopes link..pennys are a whole different story. I was talking about legal tender
Click to expand...

Eh...it doesn't make a difference. Pennies, dollars, whatever - businesses do not have to accept it if they don't want to.
Click to expand...

Exactly, pennies are legal tender.

Show your law professor this link:
http://www.ustreas.gov/education/faq/currency/legal-tender.shtml

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.
Click to expand...

 
Originally posted by: Rumpltzer
Originally posted by: BobDaMenkey
Go to a bank first you jerk.
Click to expand...
I tried this in California a few years ago. I brought about ~3000 pennies to a large Wells Fargo branch in a plastic bag and they wouldn't take them. They said I needed to roll them. I asked if they didn't have a counting machine and they said they didn't. I asked if there was a larger branch that did and they said there wasn't.

They said they'd give me paper rolls to put them in, and I pointed out that I might short them two or three pennies per roll and they didn't care. They told me to take them to a Coinstar machine in the grocery store (it charges like 8% to count your change).

I held on to those pennies for several years until Coinstar began to sell Amazon and Starbucks gift cards which charge nothing to count the change. It took 15 minutes to feed my pennies into the machine and by then it was like $45.
Click to expand...



They can weigh the rolls then subtract the weight of the wrapper to find out how many coins there are.
 
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