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To: P-Marlowe; brownsfan

Sigh.

Pennies are legal tender.

“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.”

Just because they are legal tender, doesn’t mean that businesses have to accept them.

“[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.”


35 posted on 03/24/2021 12:31:55 PM PDT by TexasGurl24
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To: TexasGurl24

“Just because they are legal tender, doesn’t mean that businesses have to accept them.”

I looked it up. My confusion was in the clause that businesses or government agencies don’t have to accept them. I recall seeing stories where people tried to pay fines with pennies and they weren’t accepted.


38 posted on 03/24/2021 12:34:36 PM PDT by brownsfan (Term limits! Without term limits, we are doomed.)
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