Stores not accepting large bills...

[fake]

Pisses me off sometimes, but I understand why they do it ..

 

[FelixDeCat]

Yes it really is annoying. I sometimes carry large bankrolls and find the attitude insulting. Sometimes I just want to say, "Just keep the dam change".

 

[Darein]

Its a shame that stores see enough of a problem of counterfits to adopt this policy.

 

[Pastore]

Bills and change are the only form of legal tender that must be excepted at ALL stores, it is illegal

 

[Swanny]

I think it's silly for them not to accept the bill. It says right on there, "This note is legal tender for all debts, public and private." If the store is so worried about bad money then they should use a pen to test them or something.

 

[Freejack2]

Geez, it wouldn't kill em to just attach a counterfeit money detection pen to the register. That way they can take $50's and $100's and just check them. They come up ok, take it, otherwise tell the person no way.

 

[Dually]

They have to accept all U.S. currency, its the law.

 

[rowcroft]

I can see how accepting large bills is bad for business, right along with customer service...

 

[Lord Evermore]

You people apparently haven't read. It's legal tender for all DEBTS. Until you've received a service or product, you're not in debt and so they don't have to accept it. Just having something at the cashier's counter does not qualify as owing a debt to the store because you have not received the product or service until you've paid for it. Things like this are a situation where you pay BEFORE receiving the product or service. The only time that anyone MUST accept any form of cash is when you have ALREADY received the product or service.

And while it may well be easy to just attach a counterfeit detection pen to the register, that's NOT foolproof. There are cases of counterfeiters either stealing the paper used to make money, or managing to make the same stuff on their own. Even with all the new items added to make it easier to detect (watermark, color-change ink, tiny writing), not all cashiers have the time or intelligence to always detect fakes. Since counterfeiters usually make large bills, it makes sense not to accept anything higher than 20.

 

[777joee]

Bad Karma man. Next time you might try the new $1.00 coins.

 

[Kelvrick]

Don't get me started on the $1 coins! Ok, I'm at work and all I got are some 10 dollar bills, but then the machine only takes ones. Oh, I see this change machine that accepts 1, 5, 10, 20's. I don't see where it could push out cash, so I pop in a 10 expecting a hand full of quarters. Turns out, i get 10 1 dollar coins. Cool eh? I got to go through the day without eating cuzz they decided to screw me over.

I didn't even wanna try putting one of those coins in the machine cuzz I was soo pissed off I wasn't hungry anymore.

Anyone know of vending machiens actually accept those?

 

[bigdog1218]

correct me if i'm wrong but isn't the 20 the most counterfited, spelling, bill.

 

[Lord Evermore]

20 may be the most counterfeited, but they don't lose as much with a fake 20 as they would with higher bills.


I'm pretty sure all vending machines take the gold one dollar coins, or are supposed to.

 

[Destroyer6453]

Lord Evermore would actually be incorrect. People are being given incorrect information here so I would like to set it straight. The portion of the law that the original poster is asking about is in the Coinage Act of 1965, Section 31 U.S.C. 5103, which is entitled Legal Tender, in case anyone wants to look for themselves. You can find that on the U.S. Department of the Treasury website, in case you were wondering where to look.

The bills actually state that they are legal tender for all debts, public and private.

There is, however, no Federal statute mandating that a private business, person, or an organization Must Accept currency or coins for payment of goods and/or services. They are free to develop their own policies on whether or not to accept cash unless there is a State Law which says otherwise. This means they can refuse to accept any denomination of currency. They can refuse to take pennies if they want to. They can accept a $100 bill and deny a $10 bill if they so desire. It even means that if a business wanted to they could accept only chickens for currency, if they so felt a desire to do so, as long as no State Law exists saying otherwise.

Maybe next time instead of giving people incorrect information you could stop being lazy and assuming your opinion is right and do some research on the law instead. After all, the first thing you will be taught if you ever take a law class is, "ignorance of the law is no excuse." If that quote confuses anyone, it means that if you break a law without knowing about that law, you are still guilty of breaking that law.

See post #42. LordEvermore posted that in 2001. I doubt he cares now.
administrator allisolm

I did see post #42. I also noticed the date of LordEvermore's post in 2001. I am also willing to be he does not care now either. I posted that because other people could come along and see his incorrect information and come up with a stupid plan to try to get a free meal or whatever else and end up in jail. Some people are dumb enough to believe whatever they hear or read. I've seen brilliant people make stupid statements. If that's possible I am sure it's possible that someone eventually could run into his post and think it is correct. Also, just because you don't use cash doesn't mean everyone else does the same thing. I am sure lots of people use cash still. People paranoid of banks for example (the banks needing bailouts was in 2008 and some people still have issues trusting banks after that mess). Everyone has their own view on a subject and I just want to make sure no one ends up in a legal mess over someone else's incorrect information. I do not see how people would think of that as a bad thing.

 

[shortylickens]

ULTRA NECRO!

 

[midnight growler]

This thread is so old it could get its own drivers license!

 

[Paladin3]

Lord Evermore would actually be incorrect. People are being given incorrect information here so I would like to set it straight. The portion of the law that the original poster is asking about is in the Coinage Act of 1965, Section 31 U.S.C. 5103, which is entitled Legal Tender, in case anyone wants to look for themselves. You can find that on the U.S. Department of the Treasury website, in case you were wondering where to look.

The bills actually state that they are legal tender for all debts, public and private.

There is, however, no Federal statute mandating that a private business, person, or an organization Must Accept currency or coins for payment of goods and/or services. They are free to develop their own policies on whether or not to accept cash unless there is a State Law which says otherwise. This means they can refuse to accept any denomination of currency. They can refuse to take pennies if they want to. They can accept a $100 bill and deny a $10 bill if they so desire. It even means that if a business wanted to they could accept only chickens for currency, if they so felt a desire to do so, as long as no State Law exists saying otherwise.

Maybe next time instead of giving people incorrect information you could stop being lazy and assuming your opinion is right and do some research on the law instead. After all, the first thing you will be taught if you ever take a law class is, "ignorance of the law is no excuse." If that quote confuses anyone, it means that if you break a law without knowing about that law, you are still guilty of breaking that law.

Lazy is as lazy does...ignorance of the thread date is no excuse!

 

[BoomerD]

Do you think the myriad of spammers here would accept large bills? IIRC, I still have a few $1,000,000 bills laying around in my petty cash...left over from when stores actually accepted cash...

 

[sdifox]

Do you think the myriad of spammers here would accept large bills? IIRC, I still have a few $1,000,000 bills laying around in my petty cash...left over from when stores actually accepted cash...

Count yourself lucky. I still have a few Rai stone on my front yard.

 

[BarkingGhostar]

Leaving the restaurant pass a man ...

Man: Wife locked keys in car. Cop says they cannot open it. Locksmith wants $150 but I'm $14 short. Can you help?
Me: Haven't carried cash in a decade (Looking in the direction he gestured in I do not see any cop, locksmith, or wife)

Well that worked for me. BTW, I haven't carried cash as a routine matter since 2007.

 

[BoomerD]

Count yourself lucky. I still have a few Rai stone on my front yard.

jeez...yap, yap, yap...

 

[OutHouse]

Count yourself lucky. I still have a few Rai stone on my front yard.

Salt is the only currency worth its weight.

 

[MtnMan]

Every store, business, etc., is licensed to do business by local and state agencies that regulate businesses. Most places these permits are clearly displayed.

Thus, as a business regulated by the government, they have two choices.

#1 - accept "legal tender" offered in exchange for goods or services.
#2 - close

 

[OutHouse]

Every store, business, etc., is licensed to do business by local and state agencies that regulate businesses. Most places these permits are clearly displayed.

Thus, as a business regulated by the government, they have two choices.

#1 - accept "legal tender" offered in exchange for goods or services.
#2 - close

pretty sure you are 100000000000000% wrong on that.

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

There is no Federal statute mandating that a private business, a person, or an organization must accept currency or coins as payment for goods or services.

Having a business license has nothing to do with accepting "legal tender". Not sure where you got that idea but its wrong.

https://u.osu.edu/zagorsky.1/2016/08/05/do-businesses-have-to-accept-cash/comment-page-1/

 

[sdifox]

Every store, business, etc., is licensed to do business by local and state agencies that regulate businesses. Most places these permits are clearly displayed.

Thus, as a business regulated by the government, they have two choices.

#1 - accept "legal tender" offered in exchange for goods or services.
#2 - close

Problem is the government expects the business to turn in fake bills without exchanging it for a real one. Is the business supposed to eat the loss? Fake bills is a federal offense but the business is supposed to shoulder the burden?