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 Replies: 23 / Views: 3,060 |
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Pillar of the Community
United States
4897 Posts |
A gy tried to pay his State Taxes that way here (NY) several years ago. I believe the Legislature latter passed a bill limiting the amount of cents (sense?) That HAD to be accepted to $99.99.
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Pillar of the Community
United States
1397 Posts |
There are laws about how much coin is considered "Legal Tender" but the next best thing (and I know this for a fact) is to use massive amounts of two dollar bills. People consider it a novelty to get a few of the notes, but when you are doing a transaction with a few hundred or thousands of them it's a whole new game. Trust me, I know  |
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Valued Member
United States
117 Posts |
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Pillar of the Community
United States
2541 Posts |
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Pillar of the Community
United States
2424 Posts |
i saw that on the local news! awesome
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Valued Member
United States
320 Posts |
People like that just annoy me.
He's either trying to make some sort of a "statement" or he's just being a jerk...or perhaps he's just looking for his 15 minutes of fame. Any way you slice it though, it is just so unnecessary and it's been done before, numerous times. He's far from the first to think of this little stunt and while it might have been novel at first, it's overdone. Also I'm not sure if it is mentioned in the link above specifically or if I read/saw it elsewhere but this is not his first attempt at this-- the first time they were un-rolled, and he was surprised they wouldn't take them that way. Well, duh!
I view this guy much as I would the jerk who walks into a grocery store at 3 AM, wants to buy a pack of gum with a $100 bill and makes everyone behind him wait while the sole checker on duty checker patiently explains that they do not accept large bills at that hour. "Ooh look at me, I'm a high roller and I've got a hundred dollar bill!" "Ooh look at me, I have a truckload of pennies!"
I do not salute him at all.
Sorry for the rant, I just have a dislike for people who purposely go out of their way to mess with other people for no better reason than "because they can." he chose to do business with this bank, and they apparently provided him with a fairly sizeable line of credit... and this is how he repays them? This guy has a business, what would he do if someone tried to pay their bill to him in pennies? Made him count out 650k unrolled cents? Do you think he'd take it? Do you think he'd want to spend the manpower to count it all out? Why should the bank?
What's worse, I'd bet an audit of his financials would show he purchased these cents just to do this. I find it doubtful he just had these lying around. So the bank would lose 2x-- once to fulfill his order, and then once to deal with this glut of pennies. AND, if he did indeed purchase them, that means he unrolled them for his first attempt.
Stunts like this only contribute to the "get rid of the penny" crowd and to the growing sentiment of banks to charge for coin transactions-- which hurts all of us.
Edited by Secret Argent Man
03/16/2011 02:51 am
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Pillar of the Community
United States
1397 Posts |
Quote:
This guy has a business, what would he do if someone tried to pay their bill to him in pennies? I believe that everyone has a right to their own opinion, and do agree with some of what you said. He is a jerk to do that, even if it is funny for some of the rest of us here (me being one). I deal with so much unrolled coin every week it would boggle some people's minds. In fact much of my work week is spent just trying to maintain, organize, and deposit coin both in bulk and rolled. I have to deal with close to 2000 pounds of the UNROLLED stuff every week. It's a burden at times, but can be done. Here's my take on it. If someone wants to pay me over $6000 in coin I will HAPPILY take it and the reason why is because I would have made over $6000 that day! |
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New Member
United States
24 Posts |
That van must have been riding low.
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Bedrock of the Community
United States
14454 Posts |
there has been video's like this for years. I remember the Office Max commercials where they had a guy go around and try to buy things with even one with Lincoln Cents, one was a car at a used car lot, another was classic artwork and other high priced stuff like that. If you go to youtube and type in "office max penny prank" you will see a few of them
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Valued Member
United States
320 Posts |
So, I just re-read my post, and it sounded a lot more agressive than I necessarily intended... I do see the irony in it, but surely there's a better way to express...whatever it was he was trying to express... than that.
It is just gratuitously wasteful and inconsiderate.
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Pillar of the Community
United States
4897 Posts |
I agree ^ IMHO it is one thing to do something like that as a protest I.E. Unfair taxes or government imposed fees etc. But to pay a credit card bill? I'm sure no one forced him to charge $6500.... Again just my opinion.
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Valued Member
Canada
221 Posts |
Quote:
That van must have been riding low Yeah  like about 4500 lb.s  Correct me if I'm wrong  |
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Pillar of the Community
Canada
3692 Posts |
Money is money, he has a point. I'm not going to rant on and on about the value of money.
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Pillar of the Community
Canada
864 Posts |
In Canada businesses are not obliged legally to accept more than 25 cents in pennies at a time from customers. They can decline to sell to you if you want to give them more than that. I find most stores get cranky if someone tries giving them rolls of pennies to purchase anything, especially more than one, and many won't accept rolled coins at all.
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Pillar of the Community
United States
1256 Posts |
Not sure about obligations but I would guess that anywhere would not be happy taking too many of any loose coin. Rolls? Less happy as they are uncounted. Cents might be the exception here . We are the poorest state. Did you see his rolls? He didn't even try! He can buy my stuff anytime. That's premium tender. |
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Replies: 23 / Views: 3,060 |
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Posted 03/15/2011 5:57 pm
