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"This note is legal tender for ALL debts, public and private." A state must have a monopoly on its money. We don't let people print money and cards are an indi

"This note is legal tender for ALL debts, public and private." A state must have a monopoly on its money. We don't let people print money and cards are an indirection, but they must still deal in US currency. The note is the most basic form of that currency. So yes, you should need to count 1,000 pennies. You might not like it .. it may be abused, but those are the rules of the system we currently have.

skizm 8y ago
True, but that's why I'm saying it doesn't sit right with me. I'm not debating what the law is. I'm saying, in my opinion, businesses should be allowed to refuse types of payments.
- travisjungroth 8y ago
  I believe in Canada they can and the limits are expressly stated.
- dredmorbius 8y ago
  You can refuse payment. But in doing so, you dissolve the debt.
- bootlooped 8y ago
  You can probably refuse any type of payment you want... except cash.
jochakovsky 8y ago
That's actually not what legal tender means: https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx https://www.treasury.gov/resource-center/faqs/Currency/Pages...
AuthorizedCust 8y ago
Incorrect. You are not required to accept all and any form of legal tender. You do not have to count those pennies. You can refuse to accept that form of payment.
luhn 8y ago
A sale is not a debt, so by the rules of the current system a shop can refuse to count those pennies. https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm
yellow_postit 8y ago
A more common case than the 1k pennies I see is small item shops like convenience stores having a posted note for refusing to accept $50 and $100 bills. This seems totally fine per: https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx https://www.treasury.gov/resource-center/faqs/Currency/Pages... 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.
deleted 8y ago
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skizm 8y ago

True, but that's why I'm saying it doesn't sit right with me. I'm not debating what the law is. I'm saying, in my opinion, businesses should be allowed to refuse types of payments.

travisjungroth 8y ago
I believe in Canada they can and the limits are expressly stated.
dredmorbius 8y ago
You can refuse payment. But in doing so, you dissolve the debt.
bootlooped 8y ago
You can probably refuse any type of payment you want... except cash.

jochakovsky 8y ago

That's actually not what legal tender means: https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx https://www.treasury.gov/resource-center/faqs/Currency/Pages...

AuthorizedCust 8y ago

Incorrect. You are not required to accept all and any form of legal tender. You do not have to count those pennies. You can refuse to accept that form of payment.

luhn 8y ago

A sale is not a debt, so by the rules of the current system a shop can refuse to count those pennies. https://www.federalreserve.gov/faqs/currency_12772.htm https://www.federalreserve.gov/faqs/currency_12772.htm

yellow_postit 8y ago

A more common case than the 1k pennies I see is small item shops like convenience stores having a posted note for refusing to accept $50 and $100 bills. This seems totally fine per: https://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx https://www.treasury.gov/resource-center/faqs/Currency/Pages... 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.

deleted 8y ago

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