Anyone ever pay a major bill with their clad dumps?

[silvernd]

I just got our annual property tax bill in the mail. It included payment options and an address for dropping off cash. Am I a terrible person for immediately thinking in the number of boxes of halves I could stop in with to pay the bill?

 

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[AGBlex]

please do it

 

[canaboy123]

Do it. Legally you owe them a debt its federal law they accept payment in legal tender it could be 100 dollar bills or pennies. If they refuse to take it according the the law you legally no longer owe them said debt.

 

[BuffaloBoy]

please do it

+1!

 

[usandthem]

They don't "have" to take coins. Just sayin'.

 

[Bigheed]

they can request that payment be made via certain ways.

i.e. it is not unreasonable of them to say no more than $20 in coins, because it is reasonable that a person could exchange the coins at a bank for bills, or put it in their checking account etc.

Worth a try for fun though!

 

[Dok Holliday]

Due to some law created around the same time that amount of silver in all coins except the dollar were reduced in silver content (1853?!?) aren't coins only legal tender for up to $5? If I recall, the law was made that way so that people wouldn't pay with 10 half dollars and possibly get silver dollars back, that actually had more silver in them than the half dollars...

 

[SeaninNH]

They don't "have" to take coins. Just sayin'.

This

 

[Generic_Lad]

Due to some law created around the same time that amount of silver in all coins except the dollar were reduced in silver content (1853?!?) aren't coins only legal tender for up to $5? If I recall, the law was made that way so that people wouldn't pay with 10 half dollars and possibly get silver dollars back, that actually had more silver in them than the half dollars...

Yes, that used to be the case, but I believe that the Coinage Act of 1965 amended that and made them legal tender up to an unlimited amount.

 

[Diver_Down]

Well, I've been making my monthly mortgage payment for some years with my dumps. I've paid about 60k of my mortgage to date with coin. No complaints so far. Although in the current economy, they are probably thrilled to receive a mortgage payment in any form.

 

[Bigheed]

thats cool, but I'd say thats reasonable at a bank....going to the city or county building and paying in coins might not work so well.

besides

Auto-pay is your friend. Set it and forget it!

 

[ArkieBassMan]

Do it. Legally you owe them a debt its federal law they accept payment in legal tender it could be 100 dollar bills or pennies. If they refuse to take it according the the law you legally no longer owe them said debt.

100% incorrect

 

[canaboy123]

Do it. Legally you owe them a debt its federal law they accept payment in legal tender it could be 100 dollar bills or pennies. If they refuse to take it according the the law you legally no longer owe them said debt.

100% incorrect

100% correct.


http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx

 

[ArkieBassMan]

Do it. Legally you owe them a debt its federal law they accept payment in legal tender it could be 100 dollar bills or pennies. If they refuse to take it according the the law you legally no longer owe them said debt.

100% incorrect

100% correct.


http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx

If you'll read the link you provided, you will see that while all coins and notes are indeed legal US tender for all debts public and private, people and businesses are allowed to choose which forms of that legal tender they wish to accept or not accept.

 

[LeoTrench-MAINE]

I need to find the news report on the guy that paid his tax bill in pennys.
He showed up in a pickup truck with a wheelbarrel.

Now the law is that if it's over 25cents in pennys, it must be wrapped.

We just finished up the Mints Dollar coin fiasco, folks were making morgage and car payments in boxes of coin.

It must be wrapped, that's it.

HH

Trench

 

[madwest]

. . . while all coins and notes are indeed legal US tender for all debts public and private, people and businesses are allowed to choose which forms of that legal tender they wish to accept or not accept.

"People and businesses" are indeed allowed to dictate payment terms, including form of payment. If OP was talking about paying a property tax bill, it might be a different story.

A lot of municipalities post notices that they do not accept payment in coin over $x. Those policies fall under the idea of home rule authority. If there is not an established policy, adopted by resolution of the governing body, they cannot refuse to accept payment in coin.

The distinction is that you are obliged to make payment to the gov, so they have less to say about how you might pay than if you are voluntarily buying product or service from a private business. They do, though, have the power to adopt public policy on nearly any position that they want to take - so long as they do it uniformly and according to established protocol (adopting a resolution for example).