When Rumors Get Started They Usually Happen !

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Author	Replies: 28 / Views: 2,164	Page: of 2
Hollywood Pillar of the Community United States 1228 Posts	Posted 02/10/2009 1:51 pm Just on the news this morning was some stores in Massachusetts are now refusing to accept the Cent. If this catches on, maybe change is coming soon. (pun intended) Regarding the shell casings, with the economy in such disorder, perhaps the Government should pay closer attention to military waste Report this Post to the Staff

Mr Finger Valued Member United States 405 Posts	Posted 02/10/2009 1:54 pm How true,How true..... Report this Post to the Staff
steve199 Pillar of the Community United States 1882 Posts	Posted 02/10/2009 2:30 pm Interesting. Was wondering how a store could refuse to accept legal tender without frustrating customers. The answer: always round DOWN to the nearest nickel. http://cbs5.com/business/pennies.pe....931453.html Report this Post to the Staff
xshift Pillar of the Community United States 2669 Posts	Posted 02/10/2009 2:38 pm If they don't want them, they can give them to me! Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 02/10/2009 2:41 pm Outrageous I say! Big deal if they round down to the nearest nickel (which in some cases will only be 1 cent). What if I dont have a nickel in my pocket But I pull out 5 Abes? Report this Post to the Staff
nod2003 Pillar of the Community United States 3294 Posts	Posted 02/10/2009 2:45 pm I doubt the stores are overly concerned with someone paying with a few cents as few people actually spend them, they can just take them to the bank. They are probably more annoyed at having to give them out to almost every customer who pays with cash. Report this Post to the Staff
docsfishn Pillar of the Community United States 1031 Posts	Posted 02/10/2009 2:51 pm A lot of the smaller convenience stores around here round everything to the nearest nickel. They will however accept cents. Therefore I use all my dump zinc cents 1)to get rid of them, 2)so I don't get shorted, and 3)just for the good 'ol reason that they don't like to deal with them. Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 02/10/2009 3:07 pm http://snipurl.com/2b2cp If they are only concerned about having to give out cents to their customers as change...they can do the obvious reduction to the next lowest nickel Without refusing to accept cents. I think they just want to be in the spotlight for awhile. Five minutes of fame! Report this Post to the Staff
schmidty Pillar of the Community United States 677 Posts	Posted 02/10/2009 3:20 pm A quote from the story steve199 linked to: Quote: Their goal is to convince President Obama to sign an executive order saying businesses can refuse pennies if they round down the purchase to the nearest nickel. Doesn't congress have sole authority when it comes to coinage? If the President actually did this, (which I doubt) I would have to think it would set off a power struggle with congress? Well, now I suppose I went and made this thread political! Report this Post to the Staff
schmidty Pillar of the Community United States 677 Posts	Posted 02/10/2009 3:35 pm One more thing.... As a Lincoln fan (both the cent and the man) I think it's pretty low choosing his birthday as the day they refuse to accept a coin with his image on it! Just my two-Lincolns worth... Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 02/10/2009 3:39 pm I have to agree with you on that one Schmidty....low, very low! Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 02/10/2009 3:57 pm As long as they post a notice where it is visible before customers enter the store, I cannot see how anyone can stop them, other than by refusing to shop there. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
snowman Pillar of the Community United States 1840 Posts	Posted 02/10/2009 4:53 pm From a retail standpoint this is a good idea. Anyone that has ever had to ring a register can easily see why this will save time and speed transactions. I hope this catches on. I also think that Lincoln may not have wanted his name associated with a relic that has become just another example of government waste. Edited by snowman 02/10/2009 4:54 pm Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 02/10/2009 5:13 pm Well said, snowman! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
ratman4762 Pillar of the Community United States 2520 Posts	Posted 02/10/2009 5:21 pm I have worked a retail register for years. Agreed, giving back change does take a little time. But if a customer pays with cash... you have little choice but to give them their change and it only takes a second to slide a couple of cents out of the drawer. On the other hand, with the decline of the dollar and very little purchasing power, Maybe we should round up to the $2.00 bill! Wait a minute...retailers hate those too! Let's just round up to the $5.00 bill! Honest Abe will love that! Report this Post to the Staff
Tim Stroud Pillar of the Community United States 2661 Posts	Posted 02/10/2009 5:22 pm I though it was illegal not to except any legal tender in commerce. Report this Post to the Staff
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