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Pay In Pennies?

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Pillar of the Community
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 Posted 06/04/2012  10:14 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list

Quote:
I know it is out there in statute form...as I have read it before. There is specific federal law that states no one is REQUIRED to accept a bunch of coins to pay a debt. Pennies are legal tender, but it is the privaledge of the person owed as to whether they want to accept that form of payment or not.


I seem to recall from college days that in the State of Illinois there is a state statue that does limit the number or amount of pennies a person can use to pay a debt. Whether this was a state statue or local ordinance I don't recall, but the limit that pizza parlors would take in a college town was $5 in pennies.

I know that in the State of Ohio you can't pay a traffic ticket in pennies. A friend of mine who was a Columbus cop says that someone tried to do just that and was turned away. He later came back into the police station wearing his revolvers. That he could do as he also went into the police stations cafeteria to eat his lunch. The particular watch commander said that he could do that, but was followed around by a few cops just to make sure that there was no trouble.

This story was related to me by a cop who was there. I've never seen anything in the press about this but this supposedly happened over 15 years ago.
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 Posted 07/19/2012  01:21 am  Show Profile   Bookmark this reply Add Nickelman to your friends list
I'll tell you my story and if it makes me a jerk I suppose I can live with that.

One late night I went through the drive through at McDonalds and ordered some food. I was short of cash so I brought along rolled nickels to pay for it. When I got to the window I handed the girl 4 rolls to which she says, I'm sorry we don't accept rolled coin. I thought maybe she was just kidding so I asked her if she was serious. Yes, she says, it's their policy.

So I opened up the 4 rolls and counted out the change to her as slowly as I could. By the time I was done the drive through was backed up around the corner.
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 Posted 07/19/2012  01:29 am  Show Profile   Bookmark this reply Add Fuzzy317 to your friends list
the people in line behind you probably thought you a jerk, but I think its funny.
Quote:
Don't accept rolled coins?
then here you go, 5 cents, 10 cents, .... 2 dollars and 45 cents
Bedrock of the Community
13014 Posts
 Posted 07/19/2012  01:42 am  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
I'll tell you my story and if it makes me a jerk I suppose I can live with that.

One late night I went through the drive through at McDonalds and ordered some food. I was short of cash so I brought along rolled nickels to pay for it. When I got to the window I handed the girl 4 rolls to which she says, I'm sorry we don't accept rolled coin. I thought maybe she was just kidding so I asked her if she was serious. Yes, she says, it's their policy.

So I opened up the 4 rolls and counted out the change to her as slowly as I could. By the time I was done the drive through was backed up around the corner.


Thats not that bad. It was nickels at least and you had them rolled just had to be unrolled by their policy and you were short on cash. Even though its a pain nickles can still be counted pretty fast unlike pennies
Bedrock of the Community
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 Posted 07/19/2012  09:36 am  Show Profile   Bookmark this reply Add just carl to your friends list

Quote:
Politely I have to ask what kind of a pain in the bum would pay for anything over $1 in pennies? I have seen youtube and dont find it funny. If I was the owner of a business and someone tried it I would take it but ensure the person paying had to wait whilst it was all slowly counted out.

I wouldn't have said that politely thing. And I would have said something worse than pain in the bun too.
But since this is a family forum, your statement will be OK for now.
And as I mentioned before, why look for trouble? I know if I paid for anything at our local village hall in pennies, I'd probably have tickets on my cars every day. Village inspectors would be all over my house. Yes they would take them, but why look for problems.
Contrary to paying with pennies, I love the women in line at a store that pull out a check to pay for something. And nothing premade out, all must be entered now. And sometimes for only a few dollars.
Edited by just carl
07/19/2012 09:44 am
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 Posted 07/19/2012  09:52 am  Show Profile   Bookmark this reply Add Coinstar to your friends list
He did that so he wouldnt get yelled at or fired....

Quote:
the guy had to ask his boss if he "should" take them...what kind of crap is that?


personally the guy that payed his last mortgage payment is pennies is an idiot --he just made the bank tellers job a nightmare
Retired USAF 1983-2003
Edited by Coinstar
07/19/2012 09:54 am
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 Posted 07/19/2012  10:50 am  Show Profile   Bookmark this reply Add ninamason to your friends list
I've had this happen to me at work (with both pennies and quarters). My answer: "Here are some wrappers. I'll be happy to help you when you can pay without holding up all these people behind you." I'm happy to accept wrapped coin in any amount.


Don't be a jerk--roll your coin. And, if you're trying to spend a dump instead of just, well, dumping it, don't try to do it all at once. I've handed out up to $2 (in pennies) and $15 (in dimes) in wrappers, and most people seem glad to take in those small amounts.


. . . . of course, I'm also at an advantage because I can take ten bucks' worth of pennies to work, swap 'em out for a $10 bill, and not get in trouble for it, so take that with a grain of salt. I do most of my dumping that way (actually wondering if I'd freak out our assistant manager if I finished rewrapping my current box of $25 and took it in tonight to swap out with the $25 we just got--dump AND more to search, bonus!).
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 Posted 07/19/2012  2:05 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list

Quote:
actually wondering if I'd freak out our assistant manager if I finished rewrapping my current box of $25 and took it in tonight to swap out with the $25 we just got--dump AND more to search, bonus!.


Depending on what type of manager you have if you explained your intentions and asked first they may not care at all and let you do that from now on
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 Posted 07/20/2012  12:57 am  Show Profile   Bookmark this reply Add PlumCrazy814 to your friends list
My small town Postmaster liked being paid in rolled coins - it saved her a trip to the bank. I would ask if she wanted them for payment and she would take them, then I would show her my excess rolled coins and she would "buy" what she needed.
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 Posted 07/20/2012  01:27 am  Show Profile   Bookmark this reply Add Williamsonj320 to your friends list
I always feel bad when I'm broke and starving and spend $3 in quarters at McDonalds. I can't imagine how embarrassed I would feel trying to do that with pennies.
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 Posted 07/20/2012  02:18 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list

Quote:
Don't be a jerk--roll your coin.


It's kinda funny.... I thought once that that was the only way I could take my change back to the bank for deposit. Well, I bank with BoA and they don't take rolled change any more. 10 years ago or so I took about 2-300 bucks of rolled change in to my branch. Great. It took me another 5 years to accumulate that much from regular spending and the next time I took it in all nicely rolled (after a few hours in front of the TV with coin wrappers and a bottle or 4 of wine), they told me politely that I needed to break all the rolls into a large heavy-duty plastic bag that they would seal up and ship off to San Antonio to be counted.

It didn't take nearly as long to break the rolls as it took to wrap them, obviously, but sheesh. What a lot of wasted effort.

Now I know. And any time I go to the bank I ask for one of those bags so I can easily throw my CRH rejects and pocket change into them.

Moral - check with your bank to see if they don't accept rolled change before you spend time rolling. I suspect it's the larger guys that don't take rolled stuff.
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 Posted 07/20/2012  06:18 am  Show Profile   Bookmark this reply Add n9jig to your friends list
The problem with paying with rolled coin is that there is no way to easily know that the roll contains the correct amount of the correct coin unless it is broken and counted. Even plastic see-thru rolls have been found that contain slugs or are short a couple nickles.

I was sent to the bank years ago when I worked in retail and one of the rolls of quarters contained a piece of pipe sandwiched between a few quarters on either end of the roll. So for $1.50 and a piece of pipe some one made off with $10 someplace down the line.

The idea about paying the last mortgage payment in pennies is not to be a jerk but to symbolize an achievement. Many banks, especially in small towns where the local bank may still hold a mortgage (kind of rare these days...) would relish the event and make a ceremony out of it. Try this at one of those huge, faceless corporations that hold most of the mortgages these days however and you are right back at the "cause a scene" situations.
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 Posted 07/20/2012  1:02 pm  Show Profile   Bookmark this reply Add GerrodH to your friends list
I just roll hunted my first box of pennies. Afterwards, I wasnt really sure what to do with the ones I didnt want to keep. Taking a 8.9% haircut or whatever other fee someone would place seems a bit ridiculous. In searching for alternatives, I was at Woodman's Foods and saw the self checkout had a funnel for payment of change. Today was the test run and I successfully paid with about 140 pennies (and the rest with cash). It took a minute or two for it to process but there were no other issues. I tested it for small amounts (up to 20 cents) and the counter appeared accurate. Paying for anything more than $2 with pennies would probably be conspicuously long.

I still dont know where I'll get rid of halves if I ever roll hunt those...
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 Posted 07/20/2012  4:33 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list
Your bank should accept them. Or some of the Coinstar kiosks will not charge you a fee if you select store credit or certain vendors (Amazon, etc.) instead.
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 Posted 07/20/2012  8:45 pm  Show Profile   Bookmark this reply Add ninamason to your friends list
Gerrod, try your local gas station! My station is full of coin hunters, and we all look for different things. I wouldn't advise trying to pay with a hundred bucks in halves, but as long as you have a nicely wrapped roll, or can count your coin out QUICKLY (the number of people I have to count for because they apparently can't handle multiples of five, YEESH), your local station should have no problem accepting your coin in small amounts. I've taken payments of up to $32 in dollar coins and halves for gas and snacks. That particular gentleman had a great system: Showed me which kind of coin he was using (he paid with his dollars first, then halves), then quickly stacked them out: "One-two-three-four-five, one-two-three-four-ten, one-two-three-four-fifteen." (The $2 at the end was a single stack of halves.) All I had to do was sweep up the coins and dump 'em in my alternate-change slot.



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