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Nov 12, 1999 · Up until the late 19th century, pennies and nickels weren't legal tender at all. The Coinage Acts of 1873 and 1879 made them legal tender for debts up to 25 cents only, while the other...
Pennies and Cents. Large Cents (1793-1857) 40 80 120. Sort By. List Grid. 1794-1807 Large Cents (Culls) $39.99. Any Quantity. 1794-1807 Large Cents Avg Circ. $179.99. Any Quantity. 1808-1857 Large Cents (Culls) $8.99. Any Quantity. 1808-1857 Large Cents (Worse than Cull) $6.99. Any Quantity. 1808-1857 Large Cents Avg Circ. $24.99. Any Quantity.
The answer is no, merchants have no obligation to accept money for a purchase. The simple reason is that US currency is only legal tender for debts. It is illegal to refuse legal tender for a debt. When you make a purchase at a store, there is no debt.
Mar 21, 2019 · Yes, pennies are legal tender, but, as the Department of the Treasury points out, there is "no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services."
Jul 17, 2020 · A: The pertinent portion of law that applies to your question is the Coinage Act of 1965, specifically Section 31 U.S.C. 5103, entitled "Legal tender," which states: "United States coins and ...
Mar 21, 2019 · While coins are in fact legal tender, thanks to the Coinage Act of 1965, the Federal Reserve specifically explains on their website that a private business is free to develop their own policies on what forms of payment to accept unless state law mandates otherwise.
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Jun 6, 2011 · Here's what the law says: The Coinage Act of 1965, specifically Section 31 U.S.C. 5103, states: " United States coins and currency (including Federal reserve notes and circulating notes of Federal...
