Limitation on how many coins you can use per transaction?

Discussion in 'Off Topic' started by Jerboy, Mar 5, 2002.

  1. Jerboy

    Jerboy Banned

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    Does anyone know if there is a limitation on number of coins you can use per transaction over the counter before the counter person can legally deny your right to complete the purchase? The cafeteria lady is never nice to me and I thought I'd do my share and I paid for my 225cent lunch in whole with two hundred and twenty five pennies. She gave me a nasty look and told me I can't do that. I told her that's all the money I had today and that each and every penny is a legal tender of the United States of America that is legal for all private and debts.

    hehehehe y'all should have seen the look on her face. :D :D :D
     
  2. minendo

    minendo Elite Member

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    Tom Green did an episode on paying for something using nothing but pennies. It was great.
     
  3. Fausto

    Fausto Elite Member

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    I don't know whether they can refuse your form of payment or not, but there's no reason to be a dick to the lunch ladies for no good reason. Go annoy someone worthy...like your local Best Buy.:D

    Fausto
     
  4. Viper GTS

    Viper GTS Lifer

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    << I don't know whether they can refuse your form of payment or not, but there's no reason to be a dick to the lunch ladies for no good reason. Go annoy someone worthy...like your local Best Buy.:D

    Fausto
    >>



    You forget who posted this.

    Viper GTS
     
  5. b0mbrman

    b0mbrman Lifer

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    It's not illegal but it's one of those things you're just not supposed to do...

    It's not illegal to jump over public restroom stalls and snap pics of whatever random guy is sitting on them, but would you do it just cuz you're allowed to?
     
  6. MadRat

    MadRat Lifer

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    You legally cannot use more than 25 pennies in a single purchase.
     
  7. Russ

    Russ Lifer

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    They can legally deny you the purchase, period. There is no law that says anybody has to take your business if they don't want to accept a particular form of payment.



    << legal tender of the United States of America that is legal for all private and debts >>



    Meaningless from a legal standpoint.

    Russ, NCNE
     
  8. cipher00

    cipher00 Golden Member

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    I vaguely recall from somewhere (sorry, no links) that pennies are legal tender up to $2.00. There were some issues with 'you must have exact change' or something on busses in Chicago and some dude wanted to pay by a dollar bill. After some court case (this was a while ago) the idea was 'ok, he didn't pay, but he offered to in legal tender (italics mine, but then again the quote is mine, too :) ) so you can't deny him service.

    I don't think it stuck, though.
     
  9. MajesticMoose

    MajesticMoose Diamond Member

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    well i do know that it is a felony to refuse to accept american currency in this country so i would guess that applies. Aside from that, what is your obsession with paying for lunch these days?
     
  10. astriy

    astriy Senior member

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    you are in the right. if you want to pay it all in pennies, that's your right (although you're a jackass if you do) the only way I can understand someone not accepting money is if they don't have change like one time when I worked in a coffee shop this dude wanted to pay with a $100 bill for a cappuchino, I ended up giving him the cappuchino for free, since he was there a lot.
     
  11. Russ

    Russ Lifer

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    << you are in the right. if you want to pay it all in pennies, that's your right >>



    Wrong.



    << well i do know that it is a felony to refuse to accept american currency in this country >>



    Wrong again.

    Where do you people get this crap?

    Russ, NCNE

     
  12. StageLeft

    StageLeft No Lifer

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    Yes, it is a fact that if somebody wants to sell you something they do not have to take certain coin numbers. I can't remember the numbers but perhaps 25 penies, 10 quarters, 20 nickels, etc. So if you want to buy something for $10 and only have dimes they can tell you no, and you have no right to get upset.
     
  13. Thrillhou

    Thrillhou Senior member

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    I believe that the seller can refuse to sell to anyone as long as it is not a discriminatory practice.
     
  14. cipher00

    cipher00 Golden Member

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    <<There is no law that says anybody has to take your business.>>

    Not to nitpick, but I recall some kerfuffle about 40 years back concerning Woolworths' lunch counters in Birmingham or Selma or someplace. But, if someone is just being a plain pain in the @ss then I agree, most proprietors would throw the yahoo out and let the police decide.
     
  15. glen

    glen Lifer

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    If I have a private company, can't I decide what sort of payment I want?
    If I want all money in 1974 pennies, why isn't that legal?
     
  16. iamwiz82

    iamwiz82 Lifer

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    i would have no problem with someone paying me in pennies, as long as they were in rolls. :)
     
  17. Russ

    Russ Lifer

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    cipher00,

    We're not talking about a discrimination case here. We're talking about a smart ass punk kid. I edited my post, though, to clarify.

    Bottom line is that "legal tender public and private" does NOT mean that a business has to take it.

    Russ, NCNE
     
  18. Nitemare

    Nitemare Lifer

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    They can always refuse to sell it to you anyway. Buying and selling is an agreement between two individuals or businesses. It takes two to make an agreement.

    If I'm a proprietor I can refuse to sell my goods, that is my legal right.

    She had every right to refuse you as well....There was probably a huge line and the pennies were wrapped(hopefully) She could have made you unwrap them and count them out in front of her and then wrap them back up. After you have gotten your lunch and sat down all those free-lunch kiddies are going to stone you to death with apples and hard dinner rolls for making them wait in line for paying in cash..What's wrong with you..have you no respect for the free lunch kids? :D
     
  19. Mookow

    Mookow Lifer

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    I know I got a Taco Bell cashier to accept $12 worth of change in nickels and pennies. That was all I had at the time though (I apologized for having to pay like that).
     
  20. Lucky

    Lucky Lifer

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    can someone add this post to uber's "list of jerboy problems"?
     
  21. eakers

    eakers Lifer

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    if its rolled i cant see a problem with it but if you just drop like 300 pennies on the counter i think thats being a total jackass.

    *kat. <-- all about saving pennies then cashing them in all at once.
     
  22. Pundit

    Pundit Senior member

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    << You legally cannot use more than 25 pennies in a single purchase. >>



    I think you mean to say, "The vendor has a right do deny a payment consisting of more than 25 pennies." This is also true in Canada.
     
  23. cipher00

    cipher00 Golden Member

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    cipher00,

    We're not talking about a discrimination case here. We're talking about a smart ass punk kid. I edited my post, though, to clarify.

    Bottom line is that "legal tender public and private" does NOT mean that a business has to take it.

    Russ, NCNE


    I could not agree with you more. I can't tell you how many times I've been stuck behind some idiot disregarding all the rules, etc. and get even more pissed when it's some jokester.

    Joke:

    A guy walks in to a small grocery store in Cambridge, MA. He takes a cart and proceeds to put one of almost everything in the store in the cart until it is nearly overflowing. He then goes to the checkout line marked "Express - 10 items or less." The cashier looks at him and says "One of two things is true. Either you're from Harvard and you can't count or you're from MIT and you can't read."

    :D
     
  24. bsobel

    bsobel Moderator Emeritus<br>Elite Member

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    I googled the question and found this. Confirms what Russ was saying and seems to answer the question about 'no more than x is legal' not being true.

    Bill
     
  25. MadRat

    MadRat Lifer

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    <<Claim: U.S. law specifies that a creditor does not have to accept more than 100 pennies towards the payment of a debt or obligation.

    Status: False.

    Origins: This is one of the pieces of misinformation that makes me wish web sites like this one had been around when I was a kid so I have could pointed my father toward it and told him to shut up already. I can't recall how many times he solemnly intoned that "Pennies are not legal tender in quantities greater than 100" and therefore merchants were "legally" allowed to refuse any offer of payment that included more than one hundred one-cent coins (and, presumably, could not "legally" refuse payment offered in any other form of legal tender). As with so many other things he was dead wrong (and I knew it even then), but I had no way of proving him wrong. There's still hope for some of you younger folks, however.

    Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code states:

    United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.

    What this statute means, in the words of the United States Treasury, is that "[A]ll United States money . . . is a valid and legal offer of payment for debts when tendered to a creditor. 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. U.S. currency and coins can be used for making payments, but a debtor does not have to pay in legal tender, nor does a creditor have to accept legal tender. A creditor can accept all U.S. currency and coins as payment, he can accept no U.S. currency or coins as payment, or he can pick and choose which currency and coins he will accept. As a creditor, you can accept checks, credit cards, and money orders only if you so choose. If you don't want to accept currency in denominations higher than $20, you're perfectly entitled to do so (and plenty of establishments have such a policy). If you want to decline more than 25 pennies as payment, you're allowed. If you don't want to be paid in anything other than nickels, you can specify that. If you make a deal to trade your '57 Chevy for six elephants, you don't have to accept cash in lieu of the pachyderms. Likewise, the other party in the transaction can offer whatever he wants as payment, as long as you're willing to accept it. No law says I can't offer you 500 comic books as payment for your boat, just as no law requires you to accept 500 comic books as payment for your boat.

    As a general legal principle, however, it is assumed that payment will be made in general legal tender unless otherwise stated. If you won't accept anything larger than a $20 bill in your store, you'd best state that up front or post a sign to that effect. If you agree to sell your '57 Chevy for $8,000, you can't later claim that you really wanted $8,000 worth of elephants. If you advertise bananas for $2 a bunch but want to be paid only in dimes, you should include that requirement in the advertisement to avoid any legal complications. Likewise, if I agree to buy your pinball machine for $500, I can't later insist that you accept $500 worth of Italian gold coins for it.

    In the old man's defense, I should point out that he wasn't completely wrong, just hopelessly out of date. Up until the late 19th century, pennies and nickels weren't legal tender at all. The Coinage Acts of 1873 and 1879 made them legal tender for debts up to 25 cents only, while the other fractional coins (dimes, quarters, and half dollars) were legal tender for amounts up to $10. This remained the law until the Coinage Act of 1965 specified that all U.S. coins are legal tender in any amount.>>

    This article isn't entirely accurate. I've seen news of a court upholding the right of a bank to refuse payment in pennies, from a case where one man went so far as to try to pay his mortgage with pennies. There is a federal law that prohibits excessive use of coinage, be it legal tender or not.