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Old 06-30-2004, 08:45 PM   #2
Beestie
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Join Date: Feb 2003
Location: Parts unknown.
Posts: 4,081
Re: 1 million worthless pennies

Quote:
Originally posted by OnyxCougar
Correct me if I'm wrong, but pennies are still a legal tender to debts. Doesn't the government HAVE to change them?
Not unless you have a debt to the government to pay. Like one's income tax or an assload of parking and library fines.

A lower court in the midwest has already set a precedent that coins are legal tender that can be used to settle a financial obligation. The case was a person who paid her parking fines in coins. The municipality wouldn't accept them but the court forced them to.

If there were such a thing as a smart bank manager, he or she might decide to make a big publicity stunt out of accepting the coins - invite the media and whatnot.
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