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<p>[QUOTE=&quot;davidh, post: 2875968, member: 15062&quot;]Using old or odd forms of payment?&nbsp; Well, yes and no. </p><p><br /></p><p>The controlling factor is when the payment is due.</p><p><br /></p><p>If you receive a service or a product and are obligated to pay <u>after</u> receiving said service or product, then you have incurred a debt and all coins or currency are legal tender and must be accepted by the provider</p><p><br /></p><p>On the other hand, if you must pay <u>before</u> receiving a service or product then the provider can dictate what form of payment is acceptable or not acceptable.</p><p><br /></p><p>The key words are DEBT and CREDITOR.&nbsp; You have no debt before receiving a product or service; you only incur a debt after receiving a product or service.&nbsp; A creditor is one who provided a product or service and thereafter requires payment for said product or service.</p><p><br /></p><p>This is what the US Treasury has to say about it;</p><p><br /></p><blockquote><p>The pertinent portion of law that applies is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled &quot;Legal tender,&quot; which states: &quot;United States <u>coins and currency</u> (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.&quot;</p></blockquote><p><br /></p><p>This statute 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. 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.</p><p><br /></p><p>Almost all retail transactions, i.e., grocery stores, gas stations, etc, require payment before the product is in your hands and they can dictate how they want to be paid.</p><p><br /></p><p>Other transactions, i.e., restaurants, fines, transportation, etc, are paid after you have received the service and can be paid for in any legal tender (regardless of whether they don&#039;t want to take certain forms such as $50 bills or buckets of pennies.)</p><p><br /></p><p>Either of the above two examples can be modified by State Law.[/QUOTE]</p><p><br /></p>

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