When I was a teenager working in a little neighborhood pet store (not like the big ones that we have today), one of our regular customers came in on a Saturday and bought some feed. It was busy, so I took his twenty and gave him his change. There was something funny about it, so after the rush of customers, about an hour or so later, I went back into the drawer and pulled it out. It had 20s on the corners, but Washington's face. Someone had cleverly and carefully cut off the 1s from the corners and somehow attached twenties from other bills, in their place. I showed it to my boss, who was of course upset, because he would have to take the loss. A while later another employee spotted the customer in the village. My boss took the bill and when to find the customer. He explain the store's predicament, to which the customer replied that he had just received the bill from the bank that morning! We found out later that the customer went back to the bank with the bill and the teller couldn't tell right away what was wrong with it... until he pointed it out. To end the story... the bank took the hit on the counterfeit bill.

@The-Friendly-Grizzly

Ай бұрын

All the more reason to do what virtually all other countries do: different denominations have different basic colors, and even sizes can differ. The Euro has different colors for denominations.

We have a business in Indianapolis, where the owner refuses to collect personal information on their clientele. In retaliation, the business is audited every year until they get compliance. So far they still take cash. 🇺🇸

@joelee2371

Жыл бұрын

Well, that sucks; i know of no federal law that requires collection of infirmation regarding sales of general merchandise, or of any such laws in my home state. If there are such laws in other states they are an over reach. The fact that some agency may be trying to force data collection by tax actions indicates that they have no legal basis to enforce through prosecution.

I was on vacation with my family when I was a kid and my parents stopped at the bank to pick up cash to pay for stuff like a fan boat rental and whatever. The bank gave them hundred-dollar bills and all of them turned out to be phony, but the only person who recognized it was the guy at the rental place. He was nice enough about it and realized that my folks weren't trying to scam him, so he didn't call the police. Our next stop on that vacation was to the bank - and then the police got involved. lol

I remember in 1970 at U. C. Davis, my friend had exact cash for his tuition and the cashier wanted him to go get a cashiers’ check, for which he did not have the fee money. He argued, and the cashier called University Counsel’s office. They told her that, as a quasi-governmental office, they had to accept the cash.

I was 14 and my first job was at a gas station, this car with out of state plates pulled in and started to fill up, when done he paid in cash. I remember going to my manager and asking "Do we accept out of state cash?"

@Threedog1963

5 жыл бұрын

Lol. Was it confederate money?

@k98killer

4 жыл бұрын

Never trust a buck that says "New York Reserve Note"

@karenjensen6642

3 жыл бұрын

Lmao out of state cash lmao

@karenjensen6642

3 жыл бұрын

I took All of the strips out of a stack of 100$ I had while I was waiting for my husband to get back to our mortal room, he was still in the Navy and was extremely upset over me defacing Government property! I said to him who is even going to know I have money on me no strips to give me away to TSA my money I will do with it as I please

@barowt

3 жыл бұрын

There was a point when states had there own money, wish I had some of that, homeless d be rich.

I can imagine the conversation now! A 12-year-old Steve and some random adult. Steve: "What are you, the railroad police?" Adult: "What are you, a damn lawyer?" The rest is history.

@markgiambiasi9421

5 жыл бұрын

Arinerm....ROTFLMAO! I was thinking the same thing!

I used to work for a dry cleaner who operated out of a central plant and had a chain of several retail stores as drop off/pick up locations. I worked in several locations including ones that only employed a single clerk and occasionally a customer would present a $100 bill as payment for their order and I wouldn't have the change to break it. It was surprising to me how offended some customers would get when they couldn't pay with cash. Even though they could use check or credit card, more than once I would get the old "You can't refuse to accept legal tender!" argument. I got around that by explaining that I would be happy to accept it and they could pick up their change the following business day. Not one ever took me up on that offer.

I love how you actually answered the question within the first 30 sec. and not drag it out into a five minute intro! You’re a rare KZreadr!

Déjà vu! Back in the 1970s it was the opposite way around, people refused credit cards.

@jaimeduncan6167

3 жыл бұрын

in my country it was even in the. 90s, and they had all, kind of rules about amount and the like. They also called by phone to get the authorization number 😂

@dannydaw59

2 жыл бұрын

Stores and restaurants had those carbon paper slider things.

@BubbaTech

2 жыл бұрын

some country stores still refuse credit cards, but my company signs with them to put atm's in their store, allowing them access to cash, and the store does not have to pay the fee.

"all debts public and private" would seem to mean DEBTS. So a purchase that requires advanced payment would not be a debt, but suppose you ate at a restaurant that had a policy of billing afterwards. At that point its not a point of sale, but an actual debt owed. At least that's the way I always understood it, and the rule you cited doesn't seem to directly contradict that. So what would happen if you owed money to a business for services already rendered and they refuse to accept your money and instead required payment in some form that you are not even capable of paying? As I understand, it would depend on if the business in question made clear this requirement prior to services rendered. If it was very clearly displayed that the restaurant only accepts credit card and you incurred the debt it's a contractual matter. You have contractually agreed to pay with a credit card. Otherwise if they either didn't display it or wasn't in a clearly visible location or no one told you then it's a situation where they can't sue you for non-payment because they refuse to accept payment.

When I was in college, a friend was the lead cashier for a branch of a very well known luxury department store. She told me that they had a huge run of counterfeit bills passed during the Christmas holidays. One thief would buy something from a busy clerk with a handful of twenties, with a number of double sided (black and white!) counterfeit Xerox copies slipped in the wad. Additionally, an accomplice would distract the cashier as they rang up the transaction.

People use to shave coins. You take a small amount off the outside of the coin. When coins were gold and silver this was a serious issue. So a shaved gold coin would look normal but would be lightened. Shave enough coins and you have a nice little bit of gold, and a lot of underweight coins. Its why coins originally had serrations on the edges.

In Massachusetts, we have G. L. c. 255D §10A, "Discrimination against cash buyers," which prohibits retail establishments from requiring the use of credit.

@derekevans4078

2 жыл бұрын

Debit card

I paid a court fee in loose pennies. The clerk wanted to refuse until I said I would need the refusal in writing on court letterhead. She went in the judges office and came back and started counting pennies. The clerk said I would be waiting a long time for her to finish counting . I said my day is clear, I can wait. Twenty minutes or so passed and she gave me a receipt showing my fee was paid and asked me to leave. Pretty sure they took the five gallon bucket to a local bank.

@Quasar0406

Ай бұрын

you punished the clerk for something she didn't do. good on you douchebag.

I remember reading a article in Pennsylvania that stopped a business from refusing cash because it discriminated against the poor Pennsylvania’s “Cash Consumer Protection Act” made it illegal for businesses “to refuse to rent or sell property or services” to consumers who don’t have credit cards.

@derekwalker4622

2 жыл бұрын

There is a plethora of services available to everyone, in which you can get a valid bank VISA or Mastercard unsecured for the purpose of accepting company paycheck deposits, even VISA and Mastercard has card services expressly for that purpose, so there is no credit check required, but some others are, Netspend, Flex Wage Varo, and even American Express has a service too. All one has to do is look. Besides, if you aren't linked to politics, or Hollywood, we are all poor.

@dsruddell

2 жыл бұрын

@@derekwalker4622 now there is

@additudeobx

2 жыл бұрын

@@derekwalker4622 - That's true Derek, but have you checked out the charges for using those cards? Most are in excess of ATM fees per transaction....

@derekwalker4622

2 жыл бұрын

@@dsruddell To what are you referring? "Now" as in this year? My friend, these cards have been around for 10+ years in one form or another. Maybe you mean "now I recently discovered them"?

@abqjfcee

2 жыл бұрын

I think that is the story I was thinking about.

Many years ago i was running a construction jobsite, and told my guys i would buy lunch if we could wrap up that Friday. I took my paycheck to a bank a few doors from the jobsite to cash it. Before everybody had Debit card/machined. Told the lady i wanted nothing larger than a $20. ( another story about trying to pay $146 gas purchase using a$100bill). So i walked out of the bank to a pizza shop in the same parking lot and ordered 8 pizzas. I proceeded to peel off $20 bills to pay for my pizzas. The cashier began running them through a counterfeit detecting machine which proceeded to kick out 8 of 34 . So while waiting on my pizzas i walked back to the bank, explained to the cashier the situation. She brought over the manager who told me " all i can do is turn them over to the FBI to be sure, but i can't give you your money back. I regret to this day that i was a very loyal employee and told her " never mind, i will use them for buying gas". ( still mad over the $100bill incident). Later i thought, who better to pass counterfeit money than that snotty bank manager.

One of my first jobs in the late 70s was at a Baskin Robbins. Lots of loose change coming and going thru the registers. I told my coworkers that any pennies with an Indian head, or any silver change minted before 1964 was counterfeit and the manager told me to take it. I swapped the change out from my money. I still have a few relatively valuable Indian head pennies from then.

A bussiness can take any kind of payment they want I use to have a land scapeing bussiness and often time would accept tools or other items I needed if someone didn't have cash and then go trade it for something else or sell it Called Bartering

@ryangodbout1175

3 жыл бұрын

Agreed. However the question was must a business accept cash if offered. Or can they REQUIRE you to pay by other means such as card or barter.

@indianpaintbrush6122

2 жыл бұрын

"use to" vs. "used to" ... there's a difference. You had a 50/50 chance, but chose the wrong one.

@theintolerantape

2 жыл бұрын

@@indianpaintbrush6122 Weewoo weewoo weewoo! Grammar police!

As far as the "government" being required to accept legal tender, here is a story. My Wife and I ran into problems with the IRS where we owed money to them. We worked out a payment plan. After running into problems with "processing" checks, money orders, etc, which resulted in ever increasing penalties, we decided to pay in cash. So, with a well concealed envelope of a lot of cash, we showed up at the area IRS office to pay. Representative stepped back and stated "we don't accept cash". Hmmm. Why? Well, it seems they could not guarantee the safety of large amounts of cash at their office. "THAT is NOT my problem if you have thieves in your office". As you can imagine, that was not well received. So we ask for a supervisor. He comes out [standing out of arms reach of the cash] and repeats that they can not accept cash. I explain that each time we pay with alternate methods our debt increases due to their failure to promptly process the transaction. Supervisor says there is nothing he can do about that. "AHA, but there IS..... take this cash and give us a receipt for it dated and time stamped today". Bbbut, we have no way to safeguard it here. Well, that is your problem, not mine. I am paying my debt, and only wish a receipt stating I did so. Much shuffling around. Eventually said we cannot pay in cash. Mind you, this was NOT some sort of protest where I was paying in a barrel full of coins, just a stack of US bills. I pull a bill out of the stack and ask if this appears to be a genuine US piece of currency. He looks, and agrees it is. I point out the printing that says that said bill is "legal for all debts, public and private". Again, I ask how an arm of the US government can refuse to accept IT'S OWN CURRENCY as payment for a debt owed to them. He defaults to security of his office. I then ask that he call someone in authority above him to explain the refusal. I don't know where he went, or what he did, but he accepted the payment, counted it out [fair enuf] and issued the receipt for payment dated and timed. After a few months it became routine.

@darkpoechi

2 жыл бұрын

Technically, According to the constitution the only legally guaranteed tender, in America, is gold or silver. The USD, Credit, and any other form of currency is not legally even classified as money, it is clearly stated in all documents to be "currency". Mainly, because under the highest laws of America the only things that may legally classify as "money" is Gold or Silver. Thus, the only legally assured form of exchange is Gold or Silver in America. If you are paying in gold or silver anyone selling in America would technically be required to accept it so long as the value and amount was clear. Thus, there may need to be proceedings and things such as an appraisal before you could exchange with the gold or silver. As for the government, creditors, and banks. They can not decline the USD, lest the government be required to close the federal reserve, all Banks, and money changers, and be barred moving forward from implementing any method of payment that is not gold or silver. Mainly, as America or "money changers" in or of America can not refuse the USD, Lest they lose the legal right to any form of exchange other than "Money". As per the conditions of the founding of the current economic system. That being said the federal reserve and banks are technically unlawful in their current form already, by other conditions in the founding of such institutions. Here were the main conditions of said system's implementation; 1. There will be some standard, tying Any American legal tender to a set and stable equivalent of money of The United States of America, or other hard valued, and unchanging resource. Money only includes gold or silver legally as is listed and established in the original documents. This means all currency today is unlawful. 2. Banking institutions and all other money changers, may not, lawfully print, or produce, any form of currency of The United States of America, in any amount. Thus, the federal reserve is to be founded. So, the loan, credit system, and fractional lending system is unlawful. 3. Banking institutions and all other money changers, may not have say, sway, or control, in any form, over the issuance, printing, or production of any Currency of The United States of America. Which makes the stock system in the federal reserve unlawful. 4. Banking institutions and all other money changers, may not have say, sway, or control, in any form, over the taxes applied to any Citizen, dealing, or debt created in or by The United States of America. Which makes many things unlawful. So, I won't get entirely into that. 5. All lawfully issued currency of The United States of America, will be accepted as legal tender for all debts public or private. The "All private debts" means this does wholly include any "Private Company" doing business in America. Unless they are giving things away for free thus establishing no "Private debts" at any point. You can not owe anyone any thing of any kind if there was not a agreement of a "Private or Public Debt" established. This is the case beyond refute. Otherwise Legally all banks, money changers, and the federal reserve must be legally abolished, and may not be replaced. Returning us to the trade of gold and silver system. 6. All prior established Debts, public or private, of The United States of America, May still be pursued lawfully, in such manner as prior to the implementation of Federal Reserve Notes of The United States of America. "Federal Reserve Notes of The United States of America" are the current USD. So, technically Private companies can decline the USD. The only thing they are not allowed to decline is gold or silver. However, under the same merit technically the Government is required to shut down the federal reserve, all banks, and all Money changers (Such as creditors.) And issue gold, silver, or some other hard valued and unchanging resource, for every single USD in the nation. This is required to be done at the value of the USD vs gold, and silver, at the time Ex-president Nixon unlawfully abandoned the gold standard So, in short the entire American Economy in it's current form is illegal, and the situation is screwed. Also, the American Government doesn't abide by any laws and doesn't care. Honestly I understand. The one thing most people, especially leaders, and especially in America agree on, no matter their affiliation is as follows; Personal Interest > Greater Good.

@NorthernKitty

2 жыл бұрын

@@darkpoechi The Supreme Court would disagree with you over the Constitutionality of federal currency, having upheld the "Legal Tender Act of 1862" multiple times. No offense, but I'll take their word for it over some random posting on KZread. I believe you're misinterpreting the fact that States are explicitly prohibited in the Constitution (Article I Section 10) from issuing legal tender in any form other than gold or silver. No such prohibition is placed on the federal government.

@darkpoechi

2 жыл бұрын

​@@NorthernKitty First you did create a bit of a straw man there. Perhaps, because you just skimmed my post, instead of actually reading it. Seems a common problem given the length and lack of some people's attention spans, and my long winded nature. This being said, this is the one where I didn't already explain in as much depth. Also, you are the second to clearly fail to grasp what you read before replying, so I will give you the benefit of the doubt on that. As such, I will explain again the part you clearly didn't understand. The Constitution states that all depts must be paid in gold or silver, and gold and silver are the only legal forms of "money". However, the federal reserve was founded later, with laws and documents detailing what was and was not allowed by the federal reserve. This was in part due to the difficulty of large gold and silver transactions. They were as such, allowed to issue "Federal Reserve Notes" (What we call the USD today) due to this. They are by extension not classified as "money" and are instead referred to as "currency" in all legal documents that are beholden and drafted to the standards of proper American law. The very documents that allowed the issuance of Federal Reserve Notes, more commonly known as the USD. Also, made the federal reserve a legal entity. However, those same documents, required the federal reserve, be able to legally issue USD, only when it was tied to a set and unchanging standard of gold, silver, or other hard valued resource. Hence the "gold standard". This was, as you noted challenged in the Supreme Court, as to if the gold standard was enough to allow the lawful trade in paper currency. It was ruled to be so in 1862, like you stated. However, this was still with the caveat and requirement of the gold standard, which did exist at the time. If it did not it can not in anyway be called legal. Not by the constitution, or even the legal documents that allowed for the founding of the federal reserve, and issuance of the USD to start with. However later, President Nixon, who was found guilty of high crimes, and successfully impeached as a result. Unlawfully remove the gold standard. This occurred on August 13 1971. Well, after, and in direct opposition to the 1862 supreme court ruling. Thus, by extension rendering the current system of currency, banking, loans, credit, and even the mere existence of the federal reserve, unlawful by the following; The constitution, the 1862 Supreme Court ruling, and a few others, and even the very documents that originally allowed for the founding of the federal reserve, and issuance of the USD as a substitute for gold and silver. Furthermore, those very same documents mandated that the USD would be usable for "All depts both public and private." Thus, requiring any company, private or public who wishes to do business in America, to accept the USD. Additionally, the Government, banks, and all money changers of any kind are also required to accept the USD if they wish to exist and do business in America. Then again The entire thing is illegal as the USD is required to be backed by an unchanging amount of silver, gold, or some other form of hard valued resource. For those who don't understand what a hard valued resource is, Diamonds, platinum, or any precious resource with a similar value to gold or silver can qualify. So long as it is equated to the value of gold or silver at the value of the gold standard. For example; silver is more than gold so less silver is equal to more gold. Gold would be worth more than platinum thus less gold is needed than platinum to back the USD. Also, the amount is to be $35 per ounce of gold or the equivalent resource and is not allowed to change, in accordance with the laws. Mind you, that is very much not the case currently as 1 oz of gold is not $35, but $1619.75. Which means the Government is 46.27 times less than their requirement to be allowed to issue and trade in The USD, and in fact anything not gold or silver. However, by the laws that allow the current economic system of paper currency as a substitute for gold or silver, The Federal Reserve must have on hand 1 oz of gold for every $35 or an equivalent resource, and be able to exchange them if required, at that value. Thus, ensuring the value of the USD as a gold or silver equivalent, as required by legal standards. Not that they are required to exchange it however, they must have it on hand at that value and be able to exchange it, at that value, such as to ensure it is a legal substitute. The USD should be as good as gold, literally, or it is not legal, nor is any of the current economic systems. I also find it important to note that when the federal reserve was founded, as all USD had to be backed by gold or silver. The Federal reserve seized all privately owned gold and silver at the time, and issued the equivalent in USD, or Federal Reserve Notes. As such, not backing it by those merits makes the American government also responsible for the theft of hundreds of thousands of tons of gold and silver from it's citizens. Sorry, but your understanding of both history, law, and the economic systems/economic situation of America fall short.

@NorthernKitty

2 жыл бұрын

​@@darkpoechi No "straw man" at all, you EXPLICITLY stated "according to the constitution the only legally guaranteed tender, in America, is gold or silver." I EXPLICITLY responded that this is incorrect and there are Supreme Court rulings that say as much. (Knox v. Lee and Parker v. Davis, for example.) I also cited where in the Constitution you may have erred in your interpretation. Pretty direct response to your direct assertion. I don't think "straw man" means what you think it means. (In fact, your response is really the "straw man" here, moving on to entirely different arguments, failing to cite where in the Constitution the fed is limited to gold and silver as legal tender.) Stay on point, son. You assert the Constitution prohibits it, I said it doesn't. Please cite in the Constitution where the feds (not the States) are prohibited from issuing paper currency, or Supreme Court cases where they say as much. No more unrelated ramblings, nor any "what they really meant was" - specific Constitutional clause, Supreme Court rulings or you're just some random guy wildly ranting on the internet about their own convenient personal interpretation of what the Constitution means, and I'm getting tired of that garbage.

@darkpoechi

2 жыл бұрын

​@@NorthernKitty Absolutely a Straw a man. You responded to a part of the post, while ignoring the rest of the post. Thus, actively taking it out of context. When further clarified on the part you actively ignored. Which was most of the original post, mind you. You then ignored it a second time. So, 100% strawman. -- If that isn't a straw man by definition. Then it would be Legitimate to say you 100% admit I am right in your last post, by the exact same methods and logic. Mainly, because your last post said, "according to the constitution the only legally guaranteed tender, in America, is gold or silver." If I was to actively ignore all of the context of that statement. In the Exact same manner you did, for my original post, and the post that post is responding to. Then it would be you agree. Only in the context of the rest of the post does it not mean that you agree, and instead contest my points. Do you not see the flaw in your entire logic until now given that is exactly what you have done this entire time? -- Also, I already addressed the only actual point you made in your post that was in any way legitimate, in my reply. Namely, the supreme court rulings. Nixon later ignored them, and acted in direct opposition to them. Thus, making the current system unlawful. He was even found guilty of those crimes, and others as well. He did the same for the documents that allowed for the founding of the Federal Reserve, and issuance of paper currency, and by the constitution as well, in this process. -- But hey, You would already have been aware of all of this if you were not actively ignoring it to make a straw man instead. Mainly, because all of this was already explained and said in the prior 2 posts, in much greater detail. With the only point you made that was in any way legitimate already countered completely. -- When the court rules that me having a bond fire in my yard, isn't lighting your house on fire, as long as it is kept to the firepit in my yard, when you take me to court. That is no longer the case after I take a burning stick out of the bond fire and actually light your house on fire. -- You clearly are either malicious and dishonest, or an idiot who lacks all understanding of legality, History, The Economy, Logic on the level of a 10 year old, and may well be illiterate as well. This is based wholly on your own posts in responses to mine. I would advise you be a more reasonable person if you wish not to look like a complete idiot in the future.

I once had a store owner refuse to take 4 Sacagawea dollars that I had for a $4 item. He said: "I don't take that sh**, go get me something better." I had a lot of Sacagawea dollars because the vending machine at work gave them as change. That said, I stopped shopping at that store.

@rcud1

3 жыл бұрын

I've never even seen one of those before.

@Brirend

3 жыл бұрын

Around 1979 they issued the Susan B. Anthony dollar which was about the same size and appearance as a quarter. When we used to go to the board walk to play games at AstroWorld you could occasionally put a dollar in the change machine and get four Susan B. Anthonys as change. Eventually, vending machine tolerances caught up and could tell the difference between a Susan B and a quarter but I think one of the reasons they stopped making them is that people were mistaking them for quarters too. I also think it is the reason that the Sacagawea dollar was gold in color. I believe its dimensions are the same as the Susan B. Anthony dollar.

@algrayson8965

3 жыл бұрын

@@Brirend It was golden colored when new but turned dull like an old cent after circulating for a while. Canada found that dollar coins would not circulate while “paper” “dollars” were in circulation. Britain found the same. £1 coins would not circulate until £1 bills were gone.

Cash is king. a business that don't accept cash is a business that don't want to make money as much.

@meRyanP

5 жыл бұрын

Not exactly, I never carry cash and I don't go to places that don't accept debit cards (very few and far between). It's a lot more convenient to simply swipe or insert my card than to fumble over a bunch of loose change and ragged old bills that have probably been in a strippers butt crack.

Here in Colorado the legislature passed a bill HR1048 that requires businesses to accept cash, unless it's a business that has no physical personal on property. Things such as do it yourself car washes, some laundry mats and a few other exceptions. CHEERS from Colorado

The key word in the legal tender law is "debt". It means that if you _already_ owe someone money, they have to accept cash to satisfy it. However, if someone proactively refuses to transact with you because you intend to pay with cash, then you don't incur the debt to them in the first place. And they're allowed to discriminate on that basis unless state or local law says otherwise. If you trick a business into providing the good or service first when they've made it clear that they don't accept cash, then legally you can still require them to take your cash to satisfy the debt that you then have to them, but they could ban you from the business going forward or even sue you for any extra expense they incur due to your failure to pay with an accepted form of payment. (Their claim would be on the basis of breach of contract.) You could hand them cash to pay the judgment in that suit, and they couldn't sue you again for that because _that_ payment wasn't part of any contract. 😏

@wasspj

16 күн бұрын

Maybe, but by the time you've paid their legal costs from the breach of contract suit you will have paid an awful lot for the privilege of being a smug twat.

Back in 2010 I got a fake $20 from an ATM. I called the local Sheriff, and he confirmed it was fake, gave it back and told me to take the $20, the receipt, and the report # to Bank of America, the ATM owner and get my money back. He said that happens all the time, and people pass fake money without knowing it. He said I'd only break the law if I tried to use it, now knowing it was fake.

I just bought a new GE Single Wall Oven from Home Depot on Valentines Day. I told the sales clerk that I had cash and Gift Cards when I went to checkout and would the cash would be a problem. She had to get the Store Manager to ok taking my $100 dollar bills. She had to examine then mark the bills then hand them off to the manager and he did exactly the same thing. The funny thing was I had 9 $100 bills and the store gave me credit for 10 $100 bills. I looked puzzled and did the right thing and said you gave me an extra credit of $100. The manager snapped back and said no they didn’t make a mistake. At that point I shrugged my shoulders and said “sounds good to me”.I walked out to my truck sat down and said Happy Valentines Day to me. Love Your Stories

There are companies that make prop money, a lot of it is marked as such, in addition to missing some key elements. The marking/altering of bills is also only illegal if it renders them unable to use. I learned this from many discussions at the Where's George website. I have heard that the "legal tender for all debts public or private" only kicks in once a debt is incurred. So the stores that have signs that they don't take certain bills, do so because they gave notice before the debt.

Diminution - the act, process, or an instance of becoming gradually less (as in size or importance). So when coins were actually made of rare metals (like gold & silver), some people would shave off edges or "thin" the coins

@dborne

2 жыл бұрын

And that's why dimes and quarters have those ridges along the edge of the coin. They used to be made from silver and you could easily tell if someone had tried to shave some silver from the edge

MA, RI and NJ have laws that require businesses to take cash. MA: General Law - Part III, Title IV, Chapter 255D, Section 10A RI Gen L § 6-13.1-30 (2019) N.J. Stat. § 56:8-2.33

Steve, I love the "show me the citation." As a cop, I often get told: "I want them arrested." They then describe what happened and when it turns out to not be a crime I explain it to them. Sometimes they dig in and explain how they know it's a crime and I should charge them. I then simply ask, "Can you show me the statute? Then if the elements fit what you are saying I will be happy to charge them." No one has taken me up on it. It's actually amazing what people think is illegal when, in fact, it is not.

The penny press machines are also at the service plaza on the Florida turnpike. I am reasonably certain that on those machines is the federal statute exempting them from the statutes criminalizing altering, defacing coins. Next time you see a penny press look to see if the statute is posted on the machine.

If I go into one of those places with signs saying "no bills bigger than $20 accepted", I will first ASK if my 50s or 100s are acceptable for a purchase approaching that. Say, $45 for gasoline with a 50 or a 100 bill for 85 in groceries or restaurant takeway. If okay, then I shop there. If still "no" I leave. I will NOT force the issue with the counterman because he is just a worker and can get fired by a boss who is strict.

Very true about using real money on film. I was on location of a rom-com film in the mid 80's and there was a scene where the lead actress hits a big jackpot on a jumbo slot machine. Bells go off and money flies through the air. The production used $45,000 worth of real $5 bills. I know this because at the end of the night I helped the assistant director and pa's count and stack all of it. I couldn't stand to look at another $5 bill for weeks afterwards 😆

I think the guy that challenged you in your childhood, indicating you just committed a felony by smashing coins on the train track, was the same guy that indicated you committed a felony by holding currency in front of the camera. All these years later, and he is still tormenting you.

@stevelehto

5 жыл бұрын

His M.O. is obviously the same!

@johnchestnut5340

5 жыл бұрын

The "felony" you risked committing was wrecking the train or accidentally hurting someone with flying debris. It's similar to a guy hunting and firing over a hill and hitting someone/something out of sight even if the bullet passed through an animal to be harvested. There was also the small matter of trespassing. Some laws are so conditional that they are rarely applicable or not well known. It is also questionable how a law will be applied. Truly an "accident"? Or "negligence" by someone "we" want to "punish/harrass"? The law can be a type of weapon. Use caution. English doesn't help matters. "My three favorite things are eating my family and not using commas". Good day. Enjoy your videos.

Excellent advice (as usual). Case in point: I'm a landlord with 16 apartments. In the lease, I clearly state "Under no circumstances will cash be accepted. Check, MO or electronic transfers only." Saved my a@@ in court each time.

@tomtransport

3 жыл бұрын

You went to court? Why not just point to the lease? You're saying someone said this is cash take it or you don't get your rent and you refused it? Out of the fue times that would happen I find it foolish not to take the cash and go to court. Far more bad checks are passed then bad cash.

@mathewm7136

3 жыл бұрын

@@tomtransport Yes, I did (and will) refuse outright cash. Some tenants will go to court saying they paid me in cash when they didn't thus giving the judge a 50/50 chance of believing them. Some tenants will pay partial rent in cash then complain later that it was full. -By hey, you run your apartments your way, let me run mine my way.

@tomtransport

3 жыл бұрын

@@mathewm7136 Good luck.

@tedmoss

3 жыл бұрын

@@tomtransport for every problem there is a remedy.

This was a nicely researched and scripted presentation. Rolled right along with perfect continuity and fitting illustrations.

In the early eighties during a driver's Ed class, we had to cross a toll bridge. Because of how it worked, the kids had to pay the buck fifty. We had five cents with the change when we crossed and the toll attendant had a cow, saying she would not accept pennies. Well, or US Government and Civics teacher was also the driver's Ed teacher. He informed her as a government agent she was required to. We were allowed to go to a mini mart during our training so we could get 15o pennies. We held up traffic as he made her count them all on the way back through. It was a civics lesson I won't soon forget.

@flamingsickle

2 жыл бұрын

What was the lesson, how to induce road rage in others? How to selfishly delay innocent people just trying to go about their day to prove some sort of point?

@meganmaki8489

2 жыл бұрын

@@flamingsickle The lesson was, I think, for us. Although businesses can set their own policy, the government must accept currency. Please note, it was a slow traffic day and few people were delayed.

Conterfit story: I worked in a casino back in the 90’s and my Floor guy was fairly new, nervous and kind of a jerk. It was a really busy weekend night on a crap game. I hand in a $100 bill to the Boxman and lean over and say that they may want to check that bill out. I was completely messing with them, as far as I could tell, it’s a legit bill. The Boxman looks at it and calls the Floor over. I’m chuckling to myself as he’s taking this way too seriously. I forget about it and contiune on, the joke has been played. Sometime later security comes over and has the guy who handed me the bill step away from the game. Turns out it really was a bad bill. The best part was, the guy says he got the bill from the cash cage. They run back the video and sure enough, the casino was passing bad bills to the customers. At this point I just shut up and deal.

@MrEli768

3 жыл бұрын

😂😂😂😂

Dude, I like a lawyer with common sense....hard to find these days. Good job

@algrayson8965

3 жыл бұрын

No money in it.

Credit/Debit Card companies charge the stores a1.5 to 5% charge, which the stores are passing to the customer now.

Imagine, the prop guy for the movie goes to the bank, picks up a suitcase with a million dollars, drives back to the movie lot, gets pulled over by local police who see the million dollar suitcase, tell him he is a criminal involved in criminal activity and take the money in civil asset forfeiture...

@american6183

3 жыл бұрын

good one! :)

@falken3232

2 жыл бұрын

Fire the director and producer who sent him.

@theintolerantape

2 жыл бұрын

As if the pedos from hollywood would have to deal with the same red tape as the peons. Good grief! Tiered society, dude. Tiered society.

@declangallagher1448

2 жыл бұрын

@@theintolerantape Long lines to the blood bank withdrawl these days :/

@falken3232

2 жыл бұрын

@@theintolerantape Of course you don't get it. No dumb ass director or producer uses real money sir. (sheesh!)

That creates a potentially abusive situation, a cycle of "You owe me" "Here is what I owe you." "I don't accept cash." "wtf it's money" "I don't care, now pay me for real" "This is all I've got" "well you owe me"

@Willcol100

5 жыл бұрын

The code he sited states that its legal tender for debts, a shop doesn't have to accept your legal tender if its selling you something but it must accept it if its being used to pay a debt. If you got caught up in a situation where someone is trying to use this as a loop hole to make you owe more because you owe someone a debt and they won't take cash for it you may be within your legal right to take them to court and force them into taking cash as repayment of the debt thought I would check with a local lawyer before filling this type of case.

@johnree6106

3 жыл бұрын

@@Willcol100 Actually you be within your legal rights ignore him if he doesn't accept because it is a form of payment for debts and he clearly refuses to be paid I would call the cops which people forget that way you can get it on record that he doesn't want to be paid

Just stumbled onto your videos and I cant wait to watch more. Ive been told over 100 times "Your breaking the law" because ignorant people believe what they are told and have no idea what the real laws are. I had a lady come into a store I managed while going to collage so I wouldnt have to manage the store anymore. She handed me some torn up bills and I simply said I wouldnt except them. She said I could go to prison just for saying that. I let her know that while a bank will replace those notes since they are over 50% (Maybe 60%-70% was left) I dont have to and wont. She threw a fit and said she was calling the FBI. That still stands out in my head because who says that and I have to believe she's called them on some kids with a lemonade stand. I once again assured her that I did not have to take the torn up bills and in fact I would now only take $5.00 bills from her and would no longer take (and I did ramble this) 1's, 2's, 10's, 20's and I stopped there. She said "you wait, you will be in a federal jail before the day is over". That was 30 years ago and Ive only had a single speeding ticket since then. Maybe I should be ready just in case.

Places who don't accept cash, I walk out.

Chicago passed a law mandating businesses to accept cash, after a high end restaurant in downtown Chicago refused to accept cash. I forgot when it was passed. It was passed, in order to help those who only have cash on hand, and don't have any type of bank account. US businesses overall want to go cashless. New Zealand is one country that is almost all cashless. Germany however is mostly cash only.

Some 30 years ago I was a retailer, and once in a while a dissatisfied customer would come to our office with a wheel barrel full of pennies. I would show them on a one dollar bill where it says Legal tender for all debts public and private. Then I would ask him to go through his pennies and show me one that had that statement. A little bit of a ruse but It always ended the argument.

@Tugela60

3 жыл бұрын

Or you could have just told them to get the fuck out of your store before you called the cops.

Massachusetts Part III, Title IV, Chapter 255D, Section 10A: "No retail establishment offering goods and services for sale shall discriminate against a cash buyer by requiring the use of credit by a buyer in order to purchase such goods and services. All such retail establishments must accept legal tender when offered as payment by the buyer."

@viperstarpoint9

4 жыл бұрын

That is a state law, and is not a federal law. So in the state of Massachusetts then yes all transactions must include cash as an option, but in a state where a similar law does not exist then no cash is not required as the fall back is to federal law.

@NR-nf1il

4 жыл бұрын

Does this also apply in Virginia?

@blumoogle2901

2 жыл бұрын

This law does not strictly require cash be always immediately be accepted at face value, it only prevents a business from only accepting credit. In particular, it doesn't prohibit a business requiring debit cards or cheques or barter or the currency of a different country be used to pay (all of which are not credit). It also doesn't prohibit a business from instituting reasonable policies aimed at reducing risks (like only accepting cash when the sun is out, only accepting small bills, or only accepting the actual money being handed over in a secure location and time of the sellers' choice). It also doesn't prohibit cash handling fees. It was aimed at car dealerships and real estate brokers who had shady arrangements with banks who offered loans, requiring buyers to take out a loan for large purchases from the bank which gave a kickback to the business. In short, the law doesn't require a business to increase the amount of risk it is willing to accept in any way. It only basically imposes the obligation, really, to be willing to come to a compromise with someone who only wants to pay cash. For example, a business would be perfectly within the bounds of the law to say "OK, I'll accept cash, but I'll only hand over the ownership of the product when I receive the cash, and I'll only accept the cash in the local bank or police station between 9am and 10am on Monday morning, after we've both counted it in view of a camera - for my own security. " If the item you are arguing over is a loaf of bread, then it's sort of not worth it.

Walmart leans towards 'no cash' by only taking credit cards by not accepting cash in self-checkouts only and sending you to stand in long lines if you have cash, they are not refusing cash, but it takes you a lot longer if you do !

My Grandfather used to work for the US Mint in Denver and at one point the Union Pacific Railroad. He knew the schedule of all the trains in Colorado. When we would go on family picnics he would put coins on the tracks for all of us Grandkids. This was in the late fifties. I really enjoyed this episode.

I have had a couple stores refuse my cash, Walmart was one of them. The clerk called the manager over because I was trying to pay in cash. The manager showed the clerk how to ring up a cash purchase. Myself and in my house we do not use credit except for our mortgage and automobile. Withe the auto we only get credit for $15,000 or less. We save our money and make a large down payment of 2/3s the price after haggling. We cannot see the sense in paying a bank money for us to buy something. I also repair our appliances and build furniture. Both are a blast, fun, and keep my mind active and working well.

I was working in Calgary, Alberta at a Tim Horton's when a customer came in and paid with an obviously fake $20 Canadian bill. My coworker could immediately tell it was fake, but the customer pulled the one bill out of a stack of at least $1,000 in 20 dollar bills. If he was carrying $1,000 of possibly counterfeit bills, he was probably carrying something else. So, out of safety we accepted the bill, then called the police afterwards. The next day, after our boss met with the police and provided the video to the police, me and my coworker were reamed out for not passing off the bill to the next customer. We were told if we did that again, we were fired. I quit shortly after that. Another note about the security camera and video the Timmies had... it was a $20,000 multi-camera system specifically developed to track money coming into and leaving the store. Down to the point where it kept track of the amounts in each hand, what's in the tills, and whats in the hands. The video of the money was so crisp that you could see the $20 bill in question, and through the video you can tell it was fake... The system was so in tuned with Canadian Currency and tracking money that they police could not obtain a usable image of the guy that passed off the bill. So, basically, the only thing the cameras were good for was to make sure employees didn't steal money.

@barowt

3 жыл бұрын

I'm a manager of a fast food place, my boss also told me to pass along fake bills that come in.. he loses money when I turn the fakes in, so. ☹️

@RealCyclops

3 жыл бұрын

@@barowt The only problem is that is a felony in Canada. If I know it's a fake and pass it off, I can be found guilty and be imprisoned for up to 5 years... because I knew it was fake... and trust me, you could tell it was fake. But, when the guy pulls out about $1,000 worth of fake bills, you don't confront them... if he's got that much counterfeit, it's also probably carrying something else to protect that cash.

@algrayson8965

3 жыл бұрын

@@RealCyclops Except that it isn't cash. Only the official counterfeit is cash.

I remember back in the 1960s in GA a man tried to pay a debt with a check. He was cursed at and was told he had to pay the debt in cash. He later returned with a pickup loaded down with coins. The man who insisted on cash accepted the coins as payment as everyone there was under the impression that if legal tender was rejected for payment of a debt it would void the debt. I often wonder if that law ever existed and if so what happened to it.

One practical reason why a business that normally takes cash might refuse a cash transaction is that there is insufficient funds in the till to break a large bill such as a one hundred dollar bill. This is typically the case during times where the business knows that transactions will be minimal. Or for a short while after a shift change especially if the new shift starts with a pre-counted drawer. The reason for maintaining a lower amount of cash on hand during slow times is to discourage attempted robberies.

General Laws of Massachusetts, Part III, Title IV, Chapter 255D, Section 10A. No retail establishment offering goods and services for sale shall discriminate against a cash buyer by requiring the use of credit by a buyer in order to purchase such goods and services. All such retail establishments must accept legal tender when offered as payment by the buyer.

Dimunition of currency was relevant when coins were made of silver. They could shave silver from the coin and still go spend it. That's why dimes, quarters, dollars& half dollars are ridged around the edges...to reveal shaving.

@algrayson8965

3 жыл бұрын

Historically this was called “clipping” after the way the irregularly shaped coins of ancient times had excess metal removed down to the correct weight - by clipping. So, filing and scraping was still called “clipping.”

I use cash as a regular thing. When asked, "No-one ever stole my identity from a $5!"

@nowthatsjustducky

2 жыл бұрын

Reminds me of a favorite Steven Wright joke (granted, they are all favorites, but still...) When they asked George Washington for his i.d. did he just take out a quarter?

At certain stores, at certain times of day (like NIGHT), that have limited tills, you should know better than to leave yourself a hundred as your only option. It's akin to running your gas-tank down to fumes and getting in a pinch. You need a plan B, even a C. It doesn't matter if the small store has cashed it for you before. It could've just been shift change. "Sorry, where were you 5 minutes ago? I just dropped all the money". You can't imagine how much that happens like Murphy's Law. You wait and wait for that last-minute hundred, then make your drop and there they are! It's downright spooky. You buy a pack of Backwoods with a hundred (and that's a huge red flag to look real hard at that bill), what you need to understand, is that when I give you $95 & something back, my $200 drawer is $95 lighter. There's nothing I can do with that hundred but admire it or drop it. It's Schroedinger's hundred - it's there, yet it isn't there. Can't trade it back for anything unless someone comes in and says "I need to get rid of all these twenties". I don't have a magic machine that can dispense more bills. I have a finite till. No you won't take smaller bills. That's the entire point. When I run out of smaller bills, I'm out of business until morning. People like to try & hang it on you and make a fuss over "customer service". What do you want me to do? You should've known better.

Once, I filled my tank up with fuel, then went inside to pay, with cash, and they refused to accept it. I had bought over $40 in fuel and was trying to pay for it with a $50 bill. There was no sign on the pump, and this was a time when you could pump before paying. In the end, I had to phone a police officer who told the clerk to either accept my legal tender, or I was free to leave without paying. Miraculously, my money was accepted.

@markvail2147

5 жыл бұрын

It's legal tender for "all debts public or private " you were in debt to the gas station.

@charlieodom9107

5 жыл бұрын

@@markvail2147 no, they are allowed to refuse large bills, if they have proper signage. Actually, they can refuse any type of payment, if they have the proper signage. Laws in every state differ, but this store had every right to limit payment types, but they did not inform me before hand (proper signage), which is why they had to accept.

@markvail2147

5 жыл бұрын

@@charlieodom9107 if you have a debt.they must accept your legal tender. If not come back next day with a smaller bill. ATMs give out $20 bills anyway. You need to go out of your way yo get a $100 anyway

@markvail2147

5 жыл бұрын

@@charlieodom9107 just trying to buy a soda is not a debt,the soda can be put away and you can leave the store.

@charlieodom9107

5 жыл бұрын

@@markvail2147 so, two points here: 1st, Where did soda come from? I bought fuel, which was already pumped into my vehicle. Kinda hard to put that back. 2nd, I did not have an ATM card at the time, nor did the station have an ATM machine. I was also paying with a $50 bill, not a $100. I didn't see the issue with paying for >$40 worth of anything with a $50 bill. It is much easier to carry larger bills than smaller ones in a wallet. I really don't want to sit on my wallet full of $20 Bill's, when a few $100 bills would make more sense.

There was a case from some years ago where a counterfeit gang involved BANK TELLERS who were passing bad bills AT THE BANK. It's amazing, the creativity of some criminals. If they would only turn their attention to something LEGAL, they would be wealthy WITHOUT the need to look over their shoulder(s) every day!

A few years ago I went to a restaurant with my wife for dinner (go figure). At the end of the meal I go to pay and I'm told the policy is to not accept cash. I asked where that is posted in the restaurant. He said it's not posted anywhere as "Everybody" knows that's his policy. I explained I was not carrying credit cards. He called the police. I explained that the restaurant has not posted anywhere that they do not accept cash for meals so there is no way for somebody to know their policy before they eat there. Police looked at the owner and told him he was out of luck. Food wasn't that good anyway, free or not.

@user-hq4jz6lc9d

4 ай бұрын

Thank God the police had some sense in this case.

I see the algo bumped this 3yr old video to the top of the feed for many of us.

Some years back I owed the IRS money for under withholding, I showed up with cash at their office and they refused cash, I had to purchase a Postal Money Order for the amount !!!

@johnf536

3 жыл бұрын

Did you try Target gift cards? I understand that they accept those.

@algrayson8965

3 жыл бұрын

The IRS, being a criminal syndicate, fears its minions stealing cash from it.

@Tugela60

3 жыл бұрын

No doubt payable to a Nigerian Prince!!

@driverdick2

2 жыл бұрын

@Real actual not fake fact checkers That happened like 25 years ago at the IRS office in El Monte, Ca. honest truth they would not accept cash, and I was very afraid so i just bought the money orders.

@Tugela60

2 жыл бұрын

@Real actual not fake fact checkers Tax due is not a debt. Until it is actually paid it is still due.

I had a store tell me they don't accept cash once at a mall and I just stated "Well, I don't barter," and walked away from a $300 weight set purchase. They were trying to suggest I get a gift card instead. Cute. I was in my early 20's then. I am really proud of that one. This might be a shocker to some but young people have been known to have a bit of a tude from time to time.

In San Francisco a cashless store was forced to closed due to not serving the low income and people who do not hold a bank account . The store was from Amazon

An idiot bakery opened up recently in my poor small town. They had people lined up outside as any new business gets here. But the majority of people were trying to pay cash. The majority of people were walking out empty handed. Then an employee posted a handwritten note on the door. ‘No Cash Accepted.’ Well, it killed the business. It went from being lined up, to being empty the next day. Until closing the next month. If my money isn’t green. We will take it to someone who wants it. And most of us, don’t want to be involved with any business that encourages more government regulation and intrusion in our private lives.

A story I heard ago: A wife put her husband 's fortune through the shredder. He brought the bag of strips of money to the treasury and they reassembled the strips to the tune of several hundreds of thousands of dollars

The best remedy for any business that won't take cash is to not give them business.

@talisikid1618

2 жыл бұрын

No. Businesses have the right to decide.

@nowthatsjustducky

2 жыл бұрын

@@talisikid1618 And we the customers have the right to vote with our wallet. Surely that isn't too difficult to understand. If I don't agree with a store's policies, I have every right to not give them my business. Are you saying otherwise?

@richardfoltz1663

2 жыл бұрын

Read the forth word.....Debts. Money must be accepted for "debts", not for "purchases".

@TruckerPhilosophy

2 жыл бұрын

@@richardfoltz1663 It doesn't even have to be accepted for debts.

"Counterfeiting is a big problem now"... It's been a big problem since the creation of money. Heh, I remember around 1970 when I was in grade school there was a huge counterfeiting problem going around. My dad had gotten little black light lamps cause the bills were so good the best way to see if they were counterfeit was that they had a different color glow under the light than real bills. The difference in the paper processing used to make them. Not long after during a class project, I was going through some newspapers when I came across what had been a buried article. It was printed in the fourth section (our paper at the time 4 to 6 sections depending on weekday/weekend, each section several pages themselves. Mostly ads) in a small block near the bottom of the page. I only noticed cause the title was about counterfeiting and my dad had just recently gotten his detection lights. I read it through, a couple of times cause what it said really hit in. This was an interview with a federal treasury agent about the (then) current flood of bogus bills. And I don't think you would ever get anyone in the treasury department now-a-days to admit what he did. And it kind of explained why the article was buried. Today I think it would not even be published. He admitted there were counterfeits in circulation that were effectively undetectable outside of laboratory examination. So much so that if people knew how much, it could collapse the economy. This taught me a central truth about how economies work. They work purely on belief. Given two situations where everything else is the same: Same production abilities, same worker availability and same available cash flow. In one: People believe that the cash is good and the economy is good and everything works as well as it can with what is available.(Note I am not saying if there is something badly wrong with the physical part that it won't show, but that if there is nothing wrong then everything is fine). In the other case, all the physical parts are there and fine, but people believe the money is bad and the economy is collapsing... then the economy collapses. Because people will react that way. The fall would be entirely because of the belief. Again note, if there IS a problem with the physical part of the economy, there will be major issues due to that. But belief can crash it all even when nothing is wrong.

@tedmoss

3 жыл бұрын

Fiat money is all there is, so you have to believe in it. ...until you don't.

I was literally asking about the coin machines. Good job covering bases.

I used to put coins on the train tracks too. It's weird how they flatten out based on how fast the train was going and whether or not the coin was in the center or shaking off the tracks when the train hit it.

Look up "Tender In Payment of Debt." If I owe you money, offer to pay it (with a hundred dollar bill for example) and you refuse to accept it, the debt is paid. We have this in Illinois. It varies by state.

@algrayson8965

4 жыл бұрын

A creditor can refuse to give change - exact amount only.

I think NYC passed a law that all businesses had to accept cash as payment. The businesses were doing it to exclude a certain class of people coming into their store.

@SkinnyNinja420

2 жыл бұрын

To exclude or to try to cut down on robberies?

Back in the 80's I saw a statement from the Treasury Department saying that currency bills must be accepted for debts but sales are not debts, rather they are transactions. If there is no agreement to pay in the future, there is no debt. Cash money on the barrelhead is not a debt payment.

@johnree6106

3 жыл бұрын

Well if you eat at a restaurant you are billed so they have to accept it. Unless clearly stated cash not accepted, which is why you see no credit cards or accept certain cards.

on the dollar bill it says " this note is legal tender for all debts, public and private"

@RobertSzasz

5 жыл бұрын

@@jamesplotkin4674 hmm, if they say credit cards only, you set down more than the asking price, say keep the change, take the item and walk out... nope, I think that would still be theft, so taking an item doesn't automatically incur debt.

In regards to driving without a licence. I think people are getting things mixed up. While you aren't required to have a licence on your person, you are required to have one that is valid and issued to you prior to the offense. If a cop pulls your over, it helps to have it on you so they may be able to verify that you do have one and check its validity. Without such, the cop will write a ticket and you will have to go to court and prove that you had a valid licence issued to you prior to the ticket/citation. Also, this isn't the case for every state. Some states require that it is on your person while you are actively operating a vehicle (or at least in the vehicle). So it is people mixing up terms of having a driver's licence and having proof of a driver's licence.

This will become incredibly relevant in the coming years as hyperinflation kicks in. Another good reason to own silver and gold.

@JolieUTU

3 жыл бұрын

LOL...good luck in carrying that around!

@IHateThisHandleSystem

3 жыл бұрын

@@JolieUTU Good luck feeding yourself when fiat currencies collapse and you own no physical precious metals. Not to mention... that billions of humans have lived under a system where they had to carry around actual coinage... they managed.

@davidseal8375

3 жыл бұрын

A d crypto,🏧🏧🏧🏧

@almostfm

3 жыл бұрын

So far in my lifetime, you guys have predicted 5 of the last 0 cases of hyperinflation in the US.

@ClinicalDecisionYikesYT

2 жыл бұрын

@@almostfm exactly, thank you for this.

Hello Steve, I worked in the casino industry for 35 years. And I have seen my share of counterfeit money and lead slugs for the $1.00 coin. And I have seen people get arrested for that. I also went to a counterfeit money class from the Secret Service. In the class they taught us what real money should look like, because there are so many different kinds of counterfeit money. And I have spotted more than my fair share of counterfeit money.

Years ago I went to a bar after work, paid for my drink with a $20.00 bill. When I counted my change I noticed I had recieved a fake $5.00 bill, the paper felt stiff and the ink looked off. Knowing they wouldn't give me legal tender back I went into the arcade and sure enough in the change machines black light it didn't expose like a regular bill. So I took a chance and run the fake bill into the change machine. Low and behold I got $5.00 change back. That was a good Xerox!

@seraphina985

5 жыл бұрын

Unless it was before about 2004 or so chances are that it was made by an operation with an actual printing press unless they got their hands on a very old working photocopier anyway, almost all electronics in printers and photocopiers made since the late 90's will throw an error if the input contains the EURion constellation pattern which includes US 20's issued after 2004.

@edspencer7121

5 жыл бұрын

@@seraphina985 this was about 2002/2003

Steve! I found that SCOTA ruling making it OK to drive w/o a license! But...sorry! I don't accept cash. JUST KIDDING!

If I remember correctly the stuff about altering coins was from the days when most coins were made from a higher percentage of gold and silver. People would shave off some of the metal from the edges of the coins. They would then save up the shavings to sell for the gold or silver. That is also why most coins now have a textured edge so as to make it harder to shave the edges without it being noticeable.

@almostfm

3 жыл бұрын

That was one of the reasons. Really useless coin collector trivia: In the 1960s there was a coin shortage (first in the US, then a couple of years later in Canada) as silver coins were pulled from circulation by people who realized that the silver was worth more than the coin's face value. In 1968, the Philadelphia mint used some of its excess capacity to mint some of the 1968 dimes for Canada. You can tell which coins were produced in Philly vs. Ottowa because the reeding on the edge was shaped differently.

@Tugela60

3 жыл бұрын

The metal used in coins is worthless. Maybe they did that during the Roman empire, but we are not living in the Roman empire. No one would do that in the modern world.

@almostfm

3 жыл бұрын

@@Tugela60 True, but it's still done partly for tradition, and partly to help the blind distinguish between things like a cent and a dime.

@rhondaflesher8313

3 жыл бұрын

@@Tugela60 Please do some research, early coins in the U.S were made primarily from silver, gold and copper. They even had arrangements were citizens could bring their own gold, silver and copper to the mints to be made into coins. Silver was still being used for coins up into the 1960's. Silver dollars weren't called that just because of their color - they use to actually be made from silver. I use to be into coin collecting and still own a couple of the old silver dollars and silver dimes. While the metal in coins now do not contain much value they still out of tradition retain the ridges along the sides that were put there back when the did, As I stated above the ridges were added back when the coins contain valuable metals to discourage filing the edges down to obtain the metal for selling separately. The US government to further discourage this they even later went as far as making it illegal for the common citizens to own gold except as jewelry. This ban was only removed after gold was no longer used in common coins.

@Tugela60

3 жыл бұрын

@@rhondaflesher8313 Do some research yourself. Coins in circulation are made from cheap metal, the milling around them is for decorative purposes, NOT because people are filing them. There is no point.

When I was a kid, my dad who worked as a lineman for the telephone company used to show us how strong he and his work scissors were by cutting a quarter in half with them.

My husband had a bunch of penny's in baggy's split up in .50 to pay for his gas he had already put gas in his car! When he went to pay they were refusing to accept it! He then replied well it's all I've got! He even told them if they had rolls he'd put them in rolls for them! They proceeded to tell him they we're calling the cop's! At which point he said well I'm sorry I guess you'll hafto call them it's all I've got! They relented & took the money! He was very upset & very embarrassed but he didn't go to jail! 😂🤣😂🤣😂🤣

@toriless

Жыл бұрын

Most banks have change counting machines, they can convert it easily.

@pattypetty9615

Жыл бұрын

@@toriless yeah well stores haven't!,

If anyone was curious about Canada, the Canada Currency Act Section 8(2) limits payment in coins as legal tender. $40 in 2 dollar coins, $25 in one dollar coins, $10 in dimes or quarters, $5 dollars in nickels, and 25 cents in pennies. Also, pennies are no longer current under Section 9(2), and don't have to be accepted.

@Loruca

3 жыл бұрын

those are all the size of the rolls.

We made golden pennies in chemistry class in HS. ie. zinc coat penny, then heat and it turns to a brass coating. Kids were freaking and teacher had to shut that down. It was funny. I love people think they know the law and go tell people, it gives us a chance to laugh.

Thanks for the update on the tender issue. Back in 1969 in a business law class we were taught that the history of the Federal Reserve Note message: "This note is legal tender for all debts, public and private" goes back to the original start of the country and the need to do away with individual bank and state currencies so that trade within the 13 colonies would be facilitated. It would be interesting to see when that was changed and why the notes still carry that statement.

I live in rural America and often people here exchange things. No cash wanted or needed.

I worked at a gas station once where the owner would only take cash for a while because of how much he was charged for people to use a credit card

@willer3399

4 жыл бұрын

I have seen gas stations that charge more for gas bought with credit cards to cover that fee.

@Cory_Springer

3 жыл бұрын

I've known many gas stations that offer cash-discounts. And yep, many convenience stores will at least have a minimum purchase required for a card transaction.

The number one reason why they don't like to use real money on the set is it's just something extra for the prop manager to be responsible for and if you've got 20 30 40,000 dollars on set it's a giant nightmare most producers don't want the responsibility plus getting that kind of money out of the bank these days is very difficult The paperwork above $10,000 of $2,000 can be highly daunting.

I once had to show ID to spend cash at Washington National Airport parking; i tendered a $50 bill and they couldn't tell it wasn't counterfeit. I've also seen stories of people being arrested for trying to spend a $2 bill, including an eighth grader at his school cafeteria. Nobody thought to check Google or call a bank.

@charlescurran1289

Жыл бұрын

Ha ha I gave the kid a $2 bill at McDonalds and thought he was going to have a stroke.

There were a couple college kids around my home town in central PA who printed up a ton of 3 dollar bills they then passed them around town at fast food places. Believe it or not they got change back from most all the people they tried ir on. Eventually they were arrested and were in pretty big shit with the feds, However in the end they would up charged with multiple counts of petty theft. Eventually they were lightly slapped on the wrist and released. I would like to know if anything was done too the schools that taught the kids who accepted the 3 dollar bills.

Having worked in a small budget local show the reason we swapped product labels was we weren’t allowed by the station to give a name brand free advertising. Not a legal thing just a policy of my local station.

@0011peace

Жыл бұрын

there is legal reason too if you put a trademarked or cpoyrighted atierial on except for the news as valid news worthy story. You can be sued for deminishing the copyright or brand if thy don't approve.

I worked for a rental car company in NY for years and it was so hard getting people to understand that we didn't accept cash. It was literally a safety thing. Using credit cards gave us an option to track the people who had our vehicles in case they went missing as well as protecting the employees from having hundreds of thousands of dollars stashed away in the register. Heck, we didn't even have drawers in the register as they only accepted electronic transactions.

I worked for the Federal Government for 33 years. At one point we found a problem making copies with our ultra-accurate photo copier. It had a ROM chip that messed up copies so that you couldn’t counterfeit money. We contacted the manufacturer, got required paperwork filled out and a guy from the company came and replaced the ROM chip. He had the new one under heavy security btw. Then he demonstrated how he could accurately copy money with it. And he then immediately destroyed the copy. Money also has magnetic ink in it. If you take a tape player and pass money across the head, you will hear noise. It is the magnetic ink causing the noise. It’s very hard to get magnetic ink and bill changers rely on it to detect counterfeit bills.

@punker4Real

Жыл бұрын

i'm guessing it's hard to get iron powder /s

When I was researching coining to make pewter copies of Medieval coins, we contacted the Treasury. Their reply was pewter coins of outdate coinage was okay. Barely! But as long as we did for educational purpose, did not do an "Exact duplicate in size, shape, design" and told people it was a replica it was okay.

The thing that gets me is that the DMVs near me will not accept cash, but only cheque or money orders. Yes, a government agency accepting something from a private company as payment, but _not_ its own currency.

@EstrellaViajeViajero

5 жыл бұрын

The Federal Reserve is not a governmental institution, but a private one.

@jessethomas7949

5 жыл бұрын

That way the 'honest' underpaid DMV employees can't steal any cash.

I remember, a while back, local shops would have people come in and pay some big item with cash. A bit later his buddies would come in and rob the owner. You don't have to accept cash.

I've taken some fantastic macro photos of bills in different denominations from various countries.It's fun seeing the way the lines go in ways the naked eye can't see.

Massachusetts general laws part III Title IV Chapter 255D Section 10A Section 10A: Discrimination against cash buyers Section 10A. No retail establishment offering goods and services for sale shall discriminate against a cash buyer by requiring the use of credit by a buyer in order to purchase such goods and services. All such retail establishments must accept legal tender when offered as payment by the buyer. I believe this was done to protect lower income people who might not have a bank account.

Cash it’s almost as good as money, Yogi Berra

Places that tend to have a lot of sales (car dealerships, jewelry, appliances, furniture) and don't want to have a lot of cash lying around as an invitation to robbery have been doing this for years.