Message:

<p>[QUOTE=&quot;jackeen, post: 140318, member: 5683&quot;]Under the Coinage Act of 1879, pennies (and nickels) are legal tender in amounts not exceeding twenty-five cents.</p><p><br /></p><p>Under the Coinage Act of 1965, this restriction was eliminated.</p><p><br /></p><p>So I was right forty-one years ago, but not lately.</p><p><br /></p><p>Story of my life.</p><p><br /></p><p>Incidently - US coins and currency are legal tender &quot;for all debts&quot;. That means if I owe you money and I tender pennies, you have to take them. If you don&#039;t, you can&#039;t sue for non-payment and win.</p><p><br /></p><p>However - if I&#039;m in business and put up a sign saying &quot;No bills larger than a $20&quot; or &quot;No unrolled coin accepted&quot;, then I don&#039;t have to accept $50s or jars of pennies. &quot;Legal tender&quot; status applies to debts only.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in