A young man’s car was towed and had to go to the professional parking services to retrieve his car. He decided to pay the $88 bill in all pennies, 3 boxes full of them. His argument is that pennies are 100% pure legal tender for payment and it is the federal law to accept pennies. The cashier initially refused to accept them, but eventually the police was involved and told the cashier and company that they are legally obligated to accept the cash payment, even though it was all in pennies. In the end, the young man paid the bill with all the pennies and got this car back.
Quote: “Pennies are 100% pure legal tender.”
Food for thought: I have noticed that there are many stores and professional services that do not accept pennies, for example, the New York City MTA’s vendor machine. Are companies legally obligated to accept all forms of cash payment, including pennies?