4 ms·

$23,500 in Coins to Pay a Settlement? Judge Says Keep the Change and Try Again

• unsupp0rted 3y ago
  > "The defendants apparently obtained the coins in various denominations in neatly organized boxes but then took the extra step of removing the coins from the boxes and dumping them loosely and randomly into the large metal container. The court finds that the defendants acted maliciously and in bad faith." Even if they acted in bad faith, are the coins legal tender or aren't they? Can debts be paid in them or can't they? Apparently they can't.
  • jjgreen 3y ago
    Same in the UK since the 1970 Coinage Act, 20p limit for 1p and 2p coins: https://www.theguardian.com/money/shortcuts/2012/may/15/what-can-you-buy-just-with-1p-and-2p https://www.theguardian.com/money/shortcuts/2012/may/15/what...
    • bthallplz 3y ago
      Patriotically, the fact that the UK limits this sort of thing might be all the more reason for us in the US to accept it.
      • jjgreen 3y ago
        Dress as Native Americans and dump bags full of 2p pieces into Boston harbour!
• h2odragon 3y ago
  "This Note is Legal Tender for All Debts, Public and Private" Written on the Federal Reserve Notes. Not coins. Does that mean Coins are Real money backed by the Treasury etc?
• bthallplz 3y ago
  https://archive.ph/jTv0T https://archive.ph/jTv0T