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Are retailers required by law to accept any US coins in payment for goods?
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∙ 9y ago
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Will US banks accept any foreign coins?
Yes.
Will banks take large quantities of copper coins?
It is part of the business of a bank to issue and accept deposits of coins. Providing that the coins are sorted into their denominations, bagged and not foreign or obsolete coins, most banks should not have a problem. Many banks now have machines to accept large quantities of coins in exchange for a higher denomination.
How to accept Bitcoin?
To accept bit coin, make sure you have a cryp to exchange, for example, Netcoins, and then you must provide a Bit coin address to the sender. Your wallet can generate these addresses as needed, and you can share these addresses with the sender.
Can a collection agency refuse to accept rolled coins as part of a payment?
Yes. Oddly-enough, there is NO U.S. Federal law that mandates a person, organization or merchant (which would include a retailer or collection agency) accept coins (rolled or otherwise), as payment for goods and services, even though coins are considered 'legal tender' as stated in the Coinage Act of 1965.How is this possible?Simple. Though it seems strange, the dollars and coins struck and printed by the U.S. Treasury are for the FEDERAL RESERVE SYSTEM. The Federal Reserve System MUST HONOR US currency and coins...however, not necessarily anyone else. Link to U.S. Treasury FAQ's: http://www.ustreas.gov/education/faq/currency/legal-tender.html#q1 = Yes, I would think so. You are better off sending a money order (keep your receipt) or a certified check.If you pay by mail they can refuse cash payments (doesn't matter if it's coins or bills) but if it is in person they must take the coins, but you would probably have to unwrap them so that they can count them while you stand there----just another one of their stupid power trips.Creditors or collectors can refuse any amount or manner of payment that has not been agreed upon in an original lending contract or collection agreement. This includes personal checks, checks by a third party, methods such as the one cited and so forth.
Where can i go to sell rear us coins coins?
Unless you'd like to devalue the coins with some kind of crazy coin splitting machine, you're going to have to sell the front as well as the rear of the coins, as there are no stores in the continental United States that accept only the rear side of a coin.
Are US retailers required by law to accept US coins in payment for goods?
No, retailers are allowed to accept whatever in payment for goods, be that US coins, Chinese Coins, gold and silver coins, or toothbrushes. A retailer can refuse to honor some or all US coins. However, since US coins are legal tender, a company cannot sue you for not paying a bill previously agreed upon in US dollars for paying in US coins. But at the point of purchase, a retailer can demand payment in whatever and can refuse US coins.
True or False A retailer is required by law to accept any US coins in payment for goods?
TRUE
Must retailers accept rolled coins as payment?
Retail store owners can determine which form of payment they will accept and which ones they will not accept. They own the business and can conduct it as they wish, to an extent. Some choose not to accept checks, others do not accept credit cards, while some may choose to not accept rolled coins. There is a potential from would be thieves to roll up some washers, slip in a small piece of pipe, or use something else to fill a roll for coins. Retailers have to be careful because of this and some have chosen to not accept rolled coins because of it. You could take them in the store rolled up and then dump them out to be counted. This will ensure your actually giving them what the coin roll states is in the roll. If they still refuse to take them as payment, contact the manager and inform them of the situation, letting them know that the clerk would not accept your coins for payment. I'd bet your coins would be gladly accepted by the manager because they know retailers are in business to make money, whether it's coins or dollars. They just don't want to get ripped off.
What types of payment does the Apple store accept?
Coins.
Is it legal for a cashier to refuse to accept coins in payment for goods or services?
The coins are legal tender for debts public and private. It is not legal to refuse coins for payment for goods and services.
Does Walmart accept sacagawea coins?
Sacagawea and Presidential dollar coins are legal tender anywhere in the US and should be accepted in payment by any store.The only limitations on their use might be vending machines that haven't yet been modified to accept dollar coins.
Is it a law that you must take coin as payment?
In the United States, there is no federal law that requires businesses to accept coins as payment. However, the Federal Reserve states that U.S. coins and currency are legal tender for all debts, public charges, taxes, and dues. Individual businesses may have their own policies regarding coin acceptance.
Will exchange office in India accept Euro coins?
What?! Accept euro coins?? Who accept euro coins in the first place?
List some methods of payment and define each of them?
coins & notes : coins and notes are usually used as a method of payment and are accepted for any payment.
We leave in Greece and our son is playing habbo.He wants some coins but there is no payment option from Greece.We tried all of credit cards and post but they dont accept them.What should we do?
Move.
Are states allowed to coin their own money?
In a word, no. Issuing coins and bills is reserved for the federal government only. Some towns will issue "money" called scrip that's used for local businesses as a promotional device, but no one is required to accept it in payment and it's not recognized as money outside of the issuing town.
Is a retailer is required by law to accept any US coin payment?
This is a very murky topic. At one time the US had some obscure laws regarding the number of coins that a retailer must accept in payment. However the Coinage Law of 1965 eliminated the maximum number of coins of any denomination that a retailer could legally be forced to take.Despite that, there have been rulings that merchants are free to specify which kinds of bills they will accept, so it appears to be perfectly legal for a store to say they won't take $100 bills, for example. By extension that would seem to at least partially contradict the idea that there's no limit on the number of coins a store could take. It also would seem to allow a merchant to say that they won't accept pennies or half-dollars, although that's not a common problem.It's mostly a problem only when someone uses large numbers of coins as a form of protest, such as using buckets of pennies to pay a disputed tax bill. In these cases lower courts have tended to rule against the payer, but again, there's no hard rule in place.
