On Mon, May 15, 2006 at 10:15:04AM -0400, graywolf wrote: > Yes, but it is still fun to think about. > > Always been that way. Used to be they had to accept dimes and above, but > now that they have no intrinsic value I think all US coins are just a > convenience and not legal tender. However $1 bills and above are by law > "legal tender for all debts public and private". Says so right on them. > If someone refuses them they are saying in effect that they do not > require you to pay them, and that discharges the debt.
[Oh, look - the old "Legal Tender" mare's nest crops up here.] No it doesn't - the debt still stands. What you are protected from, though, is any additional penalties that would otherwise accrue from a failure to pay.
