Should 200 pennies be  readily accepted to satisfy a required $2.00 payment since pennies are legal tender?

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  • A.J.
    Lv 7
    1 month ago
    Favorite Answer

    The coinage act of 1965 made all US Coins legal tender in any amount, but then you must consider what legal tender means. A merchant (seller) or provider of service can specify which payment forms or terms are allowed, and which are not allowed for any good or service, before a debt exists. Once a debt exists, any legal tender is generally considered acceptable to satisfy a debt. If the entity you owe a debt to refuses to accept a legal tender offer, a judge can cancel the debt on that basis. But dumping a wheel barrel full of pennies could be seen as abuse with the labor involved. 

    A seller therefore can choose how many pennies are acceptable to buy a good or service, but in offering to pay a debt higher priority goes to the payer of debt if it's reasonable. 

    So, when you say payment, is that before you have the item, or after when it becomes a debt? Before you have the item, the seller can say no with no obligation otherwise. After it is a debt, 200 pennies is not considered unreasonable usually.  

  • Judy
    Lv 7
    1 month ago

    actually they aren't

  • 1 month ago

    Maybe.  Why don't you give it a try?  There's a coin shortage, you know!

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