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> “Legal tender for all debts public and private” used to mean something... That's a myth. From the US Treasury Dept. (https://www.treasury.gov/resource-cente
by ThrowawayR2 8y ago
> “Legal tender for all debts public and private” used to mean something...
That's a myth. From the US Treasury Dept. (https://www.treasury.gov/resource-center/faqs/currency/pages/legal-tender.aspx https://www.treasury.gov/resource-center/faqs/currency/pages...):
"[31 U.S.C. 5103] 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."