The Old “Paying Fines With Coins” Trick – IOTW Report

The Old “Paying Fines With Coins” Trick

31 Comments on The Old “Paying Fines With Coins” Trick

  1. If you’ve ever received a bill from any government agency that specified a fractional dollar amount, by their own demand they acknowledge the existence of money in less than dollar amounts. As the government, they manufacture and distribute into commerce these fractional units, usually in the form of metallic coins.
    It’s literally their money which they will remind you of very quickly if you try to manufacture your own.

    They just don’t want the inconvenience of handling coins. And if you insist on inconveniencing them, they will employ brinkmanship, and really inconvenience you.

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  2. I remember reading years ago that buried in the arcane depths of state legal tender laws were provisions making it legal to refuse payments greater than (I don’t remember) dollars offered in pennies and nickels. This was when dimes and up were 90% silver. Those may well still be on the books.

    Funny thing, though. For a while after silver coins disappeared and the worthless sandwich coins took over, and pennies were still made out of copper instead of plated zinc, it was the pennies and nickels that had intrinsic metallic value. Now it doesn’t matter because the purchasing power of the dollar is so damned low it’s hard to justify the expense of minting small change.

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  3. It’s not her decision whether to take the ticket money as coins or not.
    It’s all legal tender.
    Take it.

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  4. @ geoff the aardvark THURSDAY, 28 SEPTEMBER 2023, 14:35 AT 2:35 PM

    My mother used to give me any $2 bills she got. She passed away and I have the last $2 bill she gave me in my wallet. I have to remind the kids that if any of them take that $2 bill out of my wallet I will bust their ass.

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  5. You can (and should) do the same thing with taxes. Take advantage of zero commission platforms. There’s trading programs out there that will get you in and out of trades at break-even, so it doesn’t cost anything. You can generate hundreds or thousands of these trades per day. Then insist on paper filing (no electronic filing). Be sure to mix in your actual income with all the break-even trades, so someone has to go through every single page to verify income. Deliver your taxes in banker boxes on pallets to the IRS.

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  6. Yes, $2 bills are still being printed. I use them all the time, primarily for tips. When I go to my bank, I ask if they have any and maybe one time out of five they do and are glad to get rid of them.

    I particularly like them because they bear the likeness of Thomas Jefferson.

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  7. There was a period in the Roman Empire when Rome wouldn’t accept Roman money in payment of taxes – it had been devalued so often that they demanded gold and silver.

    Looks like we’re headed in the same direction.

    mortem tyrannis
    izlamo delenda est …

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  8. I don’t know about all coins but, while pennies are definitely “legal tender”, no one can forced to accept them. Weird, huh? Which brings up the question, if pennies are no good, why does our government continue to mint them, especially at the cost of nearly three cents each?

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  9. If it’s legal tender then they have no business refusing it. If they were smart they would only give him the receipt after they’ve counted it. He’d have to stand there until it was all counted.

  10. “It all spends the same.” Just about every single time, when I’m at the flea market, and I mention I have a buck in change to go towards an item, that’s the response I get. Oh yeah, and “Money’s money”, get the one too.

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