Comments on: No Law Requires Acceptance of US Currency

By: Joefish

Joefish — Sun, 06 Nov 2011 03:06:12 +0000

I just came back from a victorville ca. wallmart.My 11 yr. old daughter wanted to buy her little dogs some treats with a 3/4 torn five dollar bill. wanda, the cashier rudely says, I cant accept this!I reply. “Hey miss”, leagally you have to. She replys, “no i dont”!but i will this time! Whoever is right,it really doesn’t matter.Its that shi–y sevice we all expect from a corperate store! However curiosity still gets the best of me.so what is the real legality of this situation.If anybody can shed some light on this situation, and tell me what they know. I would be very appreciative of other peoples comments on this subject.

By: Chris

Chris — Tue, 07 Jun 2011 23:38:47 +0000

Yeah and if I was the person that was pissed enough to do this I would also sue you in Fed. Court. and report your county to the tresurey department..

By: Ben

Ben — Tue, 07 Jun 2011 00:19:00 +0000

Not sure if anyone is still reading this post, but what if (this is a really stupid hypothetical):
I purchase something from a store, pay my bill, grab my stuff off the counter and they print out my receipt with my change. Then when they hand me the change I inform them that I only accept unrolled pennies. As I am now a creditor do they have to satisfy their debt according to my currency wishes?

By: rob

rob — Mon, 23 May 2011 14:08:25 +0000

What about using pennies to pay a public entity, like the MTA of NY. Metropolitan transit authority has greatly increased the penalty charge for buying tickets on the train. If I offer to pay in pennies, do they have to accept my offer of payment? And if I’ve read the above comments correctly, they refuse to take the pennies, then I don’t have to pay?

By: Scott

Scott — Mon, 16 May 2011 19:33:55 +0000

Correct me if I am wrong, but isnt the definition of legal tender “Legally valid currency that may be offered in payment of a debt and that a creditor must accept.” or “: money that is legally valid for the payment of debts and that must be accepted for that purpose when offered” Not sure where you people al think you can refuse legal tender.

Checks, money order debit cards are all promisary notes promising a third party will pay. Because those are not legal tender business may refuse those payments.

By: Akil

Akil — Sun, 08 May 2011 19:00:21 +0000

HJR 192 is just a resolution and not the actual law which is Public Law 73-10. You must overstand that the United States Corporation is in perpetual bankruptcy since that time of 1933 and the United States Codes are not law just prima facie. The Office of Law Revision Counsel was established in 1974.The Office of the Law Revision Counsel of the U.S. House of Representatives prepares and publishes the United States Code pursuant to section 285b of title 2 of the Code. The Code is a consolidation and codification by subject matter of the general and permanent laws of the United States. Title 2 has never been enacted into positive law therefore the entire code of U.S. laws are unlawful.Besides the only uniform law within the united states of america are the Constitution and the Uniform Commercial Code.

By: cheezedawg

cheezedawg — Thu, 21 Apr 2011 03:49:06 +0000

This is half right. The Coinage act makes a distinction between paying a debt and paying for a good or service. A private entity cannot reject pennies to satisfy a debt, but it can reject them in exchange for goods or services.

Indeed, the ability to pay any debt public or private with legal tender is fundamental to a fiat currency.

By: Ton Lea

Ton Lea — Sat, 05 Mar 2011 15:32:54 +0000

Just wanted to let yall know, that my husbands cousin tried to pay a hospital in exact change with 3 very large water bottles full of change(not just pennies), they refused and the out come was, since the refused payment of the bill, that the bill got wrote off. They did not owe it since payment was refused. Not sure if it went to court or not, will ask him when he gets home.

By: john la berge

john la berge — Tue, 22 Feb 2011 01:06:09 +0000

correct me if i am wrong but the terms under which a contract’s terms may be framed generaly includes a mechanism for transfer of good and due consideration. the c=term consideration is to my knowledge considered as legal tender of the country in which the contract is enabled. the terms of settlelemt for the transaction may unless otherwise specified in the terms of the aggreement not specify the form and extent of the format used to satisfy the terms of the contract’s fiduciary terms.

By: Bob Roper

Bob Roper — Mon, 10 Jan 2011 17:46:20 +0000

See UCC 3-603(b).

(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates.

As to HJR 192:

Also, HJR 192 was repealed on Sept. 13, 1982. You can find evidence of
this by looking up a schedule of laws repealed for this date at the
law library. If you don’t know how to find it, ask the people working
there. Even though it was repealed, it was “replaced” by other laws.

Do a U.S. Code search and look up Title 31 Sec. 5118. But more importantly look up Title 31 Sec 3123 then Title 18 Sec. 8 then Title
31 Sec. 3111. 31 Sec. 3123 explains that the U.S. is pledged to pay obligations of the U.S. 18 sec. 8 defines what obligations are. 31 sec
3111 explains how to do it.

Google like this: 31 USC 5118

By: Anonymous

Anonymous — Thu, 21 Oct 2010 00:01:13 +0000

Revised Post to 10/17/2020

This is the actual law regarding your statement. Laws made Pursuant to:
United States of America Congressional Acts
Nullifies Obligee power to require a particular type or coin or currency in the discharge of debts

HJR-192, Public Law 73-10 and Title 31 USC 5118 prohibits Banks/creditors from demanding any specific specie of payment. All Banks must process lawful United States currency. Failure to do so is “interference with commerce”, a felony under the RICO ACT, 18 USC 1951.

Guaranty Trust Company vs. Henwood, 307 U.S. 247 (1939

By: Akil

Akil — Mon, 18 Oct 2010 02:17:45 +0000

This is the actual law regarding your statement. Laws made Pursuant to:
United States of America Congressional Acts

Public Law 42 Stat 122-113 73rd Congress HJR 192

Nullifies Obligee power to require a particular type or coin or currency in the discharge of debts

By: Blackowl

Blackowl — Wed, 29 Sep 2010 22:07:04 +0000

Maby the caption should be changes to read “This might be leagle tender for all debts public and privet”.

By: eric

eric — Sat, 07 Aug 2010 19:38:37 +0000

You learn something new every day! I don’t do penny protests but I have an awful habit of forgetting to grab my change…I just hate carrying around coins.

By: MikeZ

MikeZ — Mon, 19 Jul 2010 12:49:12 +0000

There was an interesting YouTube video a while back showing a guy paying an impound lot (where his car had been towed) in pennies. For some reason or other he thought the towing company was slimy and staged a penny protest.

In a situation like that where your car is towed and being held by a company until you pay the debt. I’m not so sure pennies could be refused. The owner of the car certainly didn’t sign any contract with the tower. I’m not sure how the impound lot could justify keeping the owners car by not accepting payment.

Certainly I’d agree that any retail purchase doesn’t need to accept pennies.