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Insurer Pays Off Lawsuit With Thousands In Coins

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United States
396 Posts
 Posted 08/06/2014  7:35 pm Show Profile   Bookmark this topic Add BigAppleBucky to your friends list Get a Link to this Message Number of Subscribers
Guy refused the payment. Obviously not a member of this forum.


Quote:
Gallo, who wouldn't disclose the settlement figure, estimated there may be $20,000 or more in coins.


http://www.aol.com/article/2014/08/...&pLid=511929

Edited by BigAppleBucky
08/06/2014 7:37 pm
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 08/06/2014  7:51 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
lol
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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wheatchaser140's Avatar
United States
2368 Posts
 Posted 08/06/2014  7:54 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
Funny but kind of awful. Creative though.
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jbuck's Avatar
United States
189340 Posts
 Posted 08/07/2014  10:22 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
"If the money's short, then we'll probably go back into court" to ask for the full amount, along with the cost of counting the coins "and hopefully some sanctions," Gallo said.
(emphasis mine)

I will gladly take that job. Getting paid to search, uh, count coins? Yes. Yes I will.
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amida17's Avatar
United States
4897 Posts
 Posted 08/07/2014  10:26 am  Show Profile   Bookmark this reply Add amida17 to your friends list Get a Link to this Reply
Love it! Wait, what is the typical response? Oh yeah..."It is legal tender". Shoe on the other foot.....brilliant!
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Finn235's Avatar
United States
6130 Posts
 Posted 08/07/2014  2:34 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
It cracks me up every time somebody does something like this. Back in college, a friend's father got a parking ticket and paid the whole thing in loose cents in a trash bag.

Still, I'm shocked that the US doesn't have some sort of caveat to the legal tender status of coins--in the UK I read that it's legal to refuse payment that includes more than 20 of a single type of coin under 1 pound face value.
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United Kingdom
837 Posts
 Posted 08/08/2014  3:07 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
Still, I'm shocked that the US doesn't have some sort of caveat to the legal tender status of coins--in the UK I read that it's legal to refuse payment that includes more than 20 of a single type of coin under 1 pound face value.


Yeah I am also shocked you can get away with it in the US ,speaking of legal tender in the UK- here is an interesting story that illustrates the issue

http://www.theguardian.com/money/sh...th-1p-and-2p
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denco7's Avatar
United States
2543 Posts
 Posted 08/08/2014  3:40 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:

Still, I'm shocked that the US doesn't have some sort of caveat to the legal tender status of coins--in the UK I read that it's legal to refuse payment that includes more than 20 of a single type of coin under 1 pound face value.


While there is no specific law, businesses do not have take these kinds of payments. The courts have continuously upheld a business's right to refuse these types of payments. The courts have held that these types of payment are burdensome,costlyand malicious to businesses and they do not have to accept them.

So if you want to force this type of payment, you better have a good lawyer and a legitimate argument to convince a judge that this form of payment was necessary.
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ghostrider's Avatar
United States
1116 Posts
 Posted 08/08/2014  7:30 pm  Show Profile   Bookmark this reply Add ghostrider to your friends list Get a Link to this Reply
I think that in Illinois there is limit to the amount of pennies that can be used to pay a debt or service. But more than that, no where on the coin does it read "can be used to pay all public or private debt" as it says on our bills.

The insurance company is just being mean. The lawyer would be within his rights to submit a bill to the insurance company for time spent counting the coin at the lawyer's billing rate of however many hundreds of dollar an hour. Then the insurance company will be squealing.
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