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Post by Deleted on Jul 2, 2020 17:33:45 GMT -5
We have a big water jug that we fill. When even only just 3/4 full, it`s over $1000. Maybe we`ll hold out before we cash it in and see if they pay a premium to get coins. And no sir, if our credit union ever charges us to cash in our coins, they`ll be history. Period.
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Post by duff on Jul 3, 2020 4:56:15 GMT -5
I too collect my change. Been doing it since a kid. Drives me nuts when my kids could care less about change. But that is the way it is getting. I use cash maybe 10% of the time.
I doubt there will be any premium paid for coins but good luck
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Post by firstwd on Jul 3, 2020 5:55:30 GMT -5
Bullhockey on not paying with cash. "legal tender" is stamped on the money, if they don't like it they can try to stop me when I walk out the door after leaving exact change for the stuff I have in hand. I have plenty of coins and they won't like getting paid in paper money and in pennies but too dang bad. It's going to come to a point in time where I have a list of stores that I won't shop at because of their store policies. It says legal tender for all debts, public and private. It doesn't say required tender for all transactions. Businesses have a right to choose what they will accept in trade for their product, that is why it is legal for them to refuse $100 bills with all the counterfeit money being passed. |
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Post by welder on Jul 3, 2020 6:12:15 GMT -5
As a kid, I saved all of my coins by throwing them in my dresser drawer every Friday evening. When I moved out and got married in 1996, I cashed them in. $550 is what I had, Lifetime Licenses cost $525,so I bought one. One of my best purchases.
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Post by greghopper on Jul 3, 2020 7:06:24 GMT -5
Bullhockey on not paying with cash. "legal tender" is stamped on the money, if they don't like it they can try to stop me when I walk out the door after leaving exact change for the stuff I have in hand. I have plenty of coins and they won't like getting paid in paper money and in pennies but too dang bad. It's going to come to a point in time where I have a list of stores that I won't shop at because of their store policies. It says legal tender for all debts, public and private. It doesn't say required tender for all transactions. Businesses have a right to choose what they will accept in trade for their product, that is why it is legal for them to refuse $100 bills with all the counterfeit money being passed. This ^^^...... plus you also have the right to choose who you do business with! |
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Post by esshup on Jul 3, 2020 21:07:19 GMT -5
It says legal tender for all debts, public and private. It doesn't say required tender for all transactions. Businesses have a right to choose what they will accept in trade for their product, that is why it is legal for them to refuse $100 bills with all the counterfeit money being passed. This ^^^...... plus you also have the right to choose who you do business with! That is true. I wonder how many times they'd have to put stuff back on the shelf??? |
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Post by 36fan on Jul 6, 2020 9:32:13 GMT -5
I save my pocket change in a two quart mason jar. When it gets full I take it to my credit union. They have a counting machine and it goes right into my account. No charge. Does this mean you quit burying the mason jars full of coins and cash in the backyard? |
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Post by featherduster on Jul 16, 2020 9:42:06 GMT -5
I am a big fan of Speedway coffee so yesterday when I got my daily dose of rich Columbian coffee which was a $1.79 I am told that unless I have exact change I would not receive coin change because of what ever reason. I was told that at the end of the day they add up all the change amounts that should have been refunded to customers and make a donation to a charitable organization. Today I paid with pennies and nickles, tomorrow I may fill my truck up with gas and use up some more of my loose change.  |
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Post by esshup on Jul 16, 2020 12:45:06 GMT -5
I am a big fan of Speedway coffee so yesterday when I got my daily dose of rich Columbian coffee which was a $1.79 I am told that unless I have exact change I would not receive coin change because of what ever reason. I was told that at the end of the day they add up all the change amounts that should have been refunded to customers and make a donation to a charitable organization. Today I paid with pennies and nickles, tomorrow I may fill my truck up with gas and use up some more of my loose change. I have about 50# in pennies, I'm sure that they would love for me to put a pile on the counter and tell them to start counting. |
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Post by Deleted on Jul 16, 2020 12:52:32 GMT -5
Is it legal for a business in the United States to refuse cash as a form of payment?
Section 31 U.S.C. 5103, entitled "Legal tender," states: "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."
This statute means that all United States money as identified above is 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 payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise.
Private Transactions: The legal tender law is a federal law and does not apply to private businesses, people, or organizations. These entities are able to make their own financial policies regarding the form of payment. This is why stores are able to refuse bills larger than $20 or similar monetary policies when performing transactions. This also only applies to existing debts, not the purchase of goods or services, which no federal law covers. Therefore, a store can refuse to sell you something if you walk in the store with a little red wagon full of pennies.
So why do with have to wear mask in private Institutions like a privately owned store or restaurant. Per "Legal Tender" its a private business and not Federal or public. Seems like a argument in court. Owner can say yes or no on masks or what ever you are wearing. Ohio Governor stated must wear mask in public. Not sure what Indiana and other states.
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Post by greghopper on Jul 16, 2020 13:32:35 GMT -5
Is it legal for a business in the United States to refuse cash as a form of payment? Section 31 U.S.C. 5103, entitled "Legal tender," states: "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." This statute means that all United States money as identified above is 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 payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise. Private Transactions: The legal tender law is a federal law and does not apply to private businesses, people, or organizations. These entities are able to make their own financial policies regarding the form of payment. This is why stores are able to refuse bills larger than $20 or similar monetary policies when performing transactions. This also only applies to existing debts, not the purchase of goods or services, which no federal law covers. Therefore, a store can refuse to sell you something if you walk in the store with a little red wagon full of pennies. So why do with have to wear mask in private Institutions like a privately owned store or restaurant. Per "Legal Tender" its a private business and not Federal or public. Seems like a argument in court. Owner can say yes or no on masks or what ever you are wearing. Ohio Governor stated must wear mask in public. Not sure what Indiana and other states. Where are you seeing anyone refusing cash for payment? Do tell.. |
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Post by Deleted on Jul 16, 2020 13:34:28 GMT -5
Is it legal for a business in the United States to refuse cash as a form of payment? Section 31 U.S.C. 5103, entitled "Legal tender," states: "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." This statute means that all United States money as identified above is 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 payment for goods or services. Private businesses are free to develop their own policies on whether to accept cash unless there is a state law which says otherwise. Private Transactions: The legal tender law is a federal law and does not apply to private businesses, people, or organizations. These entities are able to make their own financial policies regarding the form of payment. This is why stores are able to refuse bills larger than $20 or similar monetary policies when performing transactions. This also only applies to existing debts, not the purchase of goods or services, which no federal law covers. Therefore, a store can refuse to sell you something if you walk in the store with a little red wagon full of pennies. So why do with have to wear mask in private Institutions like a privately owned store or restaurant. Per "Legal Tender" its a private business and not Federal or public. Seems like a argument in court. Owner can say yes or no on masks or what ever you are wearing. Ohio Governor stated must wear mask in public. Not sure what Indiana and other states. Where are you seeing anyone refusing cash for payment? Do tell.. All Kroger's, Walmart, and Sam's Club. They informed the public this week. |
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Post by greghopper on Jul 16, 2020 13:38:12 GMT -5
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Post by Deleted on Jul 16, 2020 13:44:08 GMT -5
Good news. Maybe the just changed. I have not seen Kroger change to a preference for credit cards. Maybe there was some legal pressure going on. Just checked Kroger and who knows. Find articles stating yes and no. All I know it was on WLW and Cincinnati news yesterday and today. |
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Post by greghopper on Jul 16, 2020 13:54:41 GMT -5
Or they never mandated card only!
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Post by greghopper on Jul 16, 2020 14:52:03 GMT -5
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Post by esshup on Jul 16, 2020 19:16:27 GMT -5
Bring your checkbook and start writing checks.
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Post by greghopper on Jul 16, 2020 19:26:08 GMT -5
Bring your checkbook and start writing checks. Exactly..... |
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Post by featherduster on Jul 17, 2020 7:46:19 GMT -5
Bring your checkbook and start writing checks. Or! put it on your credit card because I believe if you use your card the merchant has to pay a small fee to the credit card company for every transaction. And if you have a card that rewards in cash back your making $ on your $. |
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Post by esshup on Jul 17, 2020 12:28:58 GMT -5
Bring your checkbook and start writing checks. Or! put it on your credit card because I believe if you use your card the merchant has to pay a small fee to the credit card company for every transaction. And if you have a card that rewards in cash back your making $ on your $. Depending on the card it could be slightly more than 3% that the merchant is charged. |
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