Post Comment Preview Comment
To reply to a Comment: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to.
View All
Favorites
Recency  | 
Popularity
Page:  « First  ‹ Previous  1 2 3 4 5  Next ›  Last »  (6 total)
photo
HUFFPOST SUPER USER
Misheal Greenwald
06:10 AM on 04/11/2013
Money is money, banning pennies is discrimination.
10:39 AM on 04/11/2013
The penny is legal tender, I don't know how it can be banned.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
01:02 PM on 04/11/2013
You don't know what 'legal tender' means which is the reason you don't know why it can be banned.
06:05 AM on 04/11/2013
Why don't they just price everything so that with tax, it always comes out to the nearest nickel? That way they can have their ban without making a big deal out of it. Like have their pizza slices be 2.47 so with tax it comes out to 2.70. Now in Maryland, they want every cent that the stores collect as taxes. They even raised it 20% a couple of years ago so the taxes on stuff could never be close to even and they seem to round up beyond that. I have caught many cashiers over taxing the customers. Simple math.
This user has chosen to opt out of the Badges program
photo
04:17 AM on 04/11/2013
How can you ban national currency? I would come into this restaurant with rolls of em! It's not legal.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
01:03 PM on 04/11/2013
It's easy and legal to not accept pennies or any denomination of currency unless banned by state law.
01:23 AM on 04/11/2013
Americans are getting Lazier each year. I have run my small business for over 30 years and almost never count pennies from the cash register. Instead if I have too many in my register ___ I just pull some out and drop them into a coffee can. When I need some more in my cash register___I just each in the coffee can and pull some out.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
01:43 AM on 04/11/2013
and I'm sure that works fine for you, but many businesses have many employees who run many registers... they pretty much all require their registers be counted down, balanced and replenished. Walmart employees are not pulling pennies from the magical penny pit.
HUFFPOST SUPER USER
thinkingperson3
Life - one day at a time.
07:46 AM on 04/11/2013
sgentilejr - that would make too much sense. Lazy people don't want to be bothered with your common sense approach.
01:17 AM on 04/11/2013
When we pay by credit cards ___ the stores pay a 3% fee to the credit card companies. On a $100 transaction that is a $3.00 fee the store pays to a credit card company. In addition the stores must also pay a Flat rate annual fee of $150 to $300 to accept each type of credit card. Worrying about what accepting pennies is costing them is foolish indeed ____ when stores a paying much larger and much more costly large fees to accept credit cards.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
01:47 AM on 04/11/2013
Two issues which are not compatible.

Pennies, for this company, cost them more time and effort than the revenue they generate. It literally costs them money to deal with pennies.

Paying fees to accept credit cards? A cost of doing business. Many people do not carry cash and you lose their business by not accepting them.

Not accepting or rounding down to avoid pennies for cash transactions is good for this business.

Your argument is based upon the analogy that if the cups cost 15 cents, they shouldn't pave their parking lot.

It's idiotic.
01:05 AM on 04/11/2013
As long as pennies continue to be printed, they cannot be refused. Ban this store. If they get their way in refusing pennies, more will also refuse to accept pennies. Stores, and toll booths, do not accept Canadian coins, yet, they have no problem passing them on as change!
This user has chosen to opt out of the Badges program
01:46 AM on 04/11/2013
he link below:
"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 reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts."

All this means is that the Federal Reserve system must honor all U.S. currency. As the U.S. Treasury points out, there's nothing in the law that says that private businesses have to accept it for all transactions. If a merchant wants to sell her products in exchange for gold bullion, nothing but dimes minted before 1946, Swedish fish, or Monopoly money, that's her right under the law."
http://www.minnpost.com/business-agenda/2011/06/pile-pennies-does-business-have-accept-coins
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
01:50 AM on 04/11/2013
You are sadly mistaken. Pennies can be refused by any private business... unless you disagree with the treasury department.
12:57 AM on 04/11/2013
Pennies aren't the only waste, nickels & dimes are too. Even gumball machines take quarters now. Here's what I wish are money would be. Coins in quarter, half dollar & dollar incriments & cloth money for $5 & above. When you buy something, the price should be rounded up or down to the nearest quarter.
HUFFPOST SUPER USER
thinkingperson3
Life - one day at a time.
07:51 AM on 04/11/2013
So if something costs $2.01 with tax, we should pay $2.25? Because you KNOW that no one is going to round DOWN!!
08:34 AM on 04/11/2013
Those store owners in the article did. Make it the law, below 1/8 round down & above round up.You made me think of something new. Every penny costs 2 cents to make. Nickels & dimes cost nearly the face value to make, so if we changed the face of the quarter to a dollar, nickel to a 1/2, dime to a 1/4 & eliminated the penny, we'd save a fortune.  
12:53 AM on 04/11/2013
As long as they are rounding down in the customers favor I see no problem with this and I understand the reasoning behind it. If they are rounding up then that is a problem.
photo
HUFFPOST SUPER USER
rosemaree124
12:36 AM on 04/11/2013
Hey, do these stores have any right to refuse pennies? They are LEGAL TENDER. Of course, I have seen signs in some stores that they don't accept any bills higher than fifties. (Hey, I'll take any and all Ben Franklins anyone wants to send me! I'll take pennies, too!!!)
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:37 AM on 04/11/2013
No private business need accept any nor all currency. They can refuse to accept any denomination they want including bills higher than X amount or pennies.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:37 AM on 04/11/2013
to clarify, as long as state law doesn't require it.
12:43 AM on 04/11/2013
This only holds true if there is no federal law on the matter. Federal law supersedes state law. For the time being there is no federal law.
12:29 AM on 04/11/2013
Well I just changed to another pizza place.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:38 AM on 04/11/2013
Why? Because they give you a discount and round down rather than take pennies?

Seems a silly reason to boycott them.
10:38 AM on 04/11/2013
To bad so sad.
HUFFPOST SUPER USER
Barry Clarke
Retired Air Traffic Control Aviation Meteorologist
12:25 AM on 04/11/2013
Hmmm, perhaps I'm not correct, but I thought the "penny" was legal tender and businesses were legally required to accept it?..................
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:39 AM on 04/11/2013
Nope. They are not required to accept any coin or currency.
12:45 AM on 04/11/2013
There is no law that states legal tender has to be accepted. Companies can go cash only, credit card only, barter only or free !
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:54 AM on 04/11/2013
and more specifically, if they accept cash/coin, they can't decide what denominations they accept.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:54 AM on 04/11/2013
well, i mucked that up... 'they CAN decide what denominations they accept.".
11:57 PM on 04/10/2013
a penny for your thought

why do businesses put prices like $1.99, $49.99 etc.... to make you think your getting a deal
photo
HUFFPOST SUPER USER
rosemaree124
12:37 AM on 04/11/2013
Trouble is, works, doesn't it?
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:42 AM on 04/11/2013
Scientific studies prove it works. While 49.99 is really 50.00, there is a significant number of people more inclined to buy when the first number is a 4 versus a 5.
This user has chosen to opt out of the Badges program
11:43 PM on 04/10/2013
To all who don't want their pennies -- give them to me -- I'll be more than glad to take them...!!!
01:33 AM on 04/11/2013
I have a better idea, anyone who thinks that wealth redistribution is good for our economy send me half of your pay check. I would be willing to accept it for the good of our country.
SDindependent
SDindependent1 on twitter, old warrior and grandpa
11:28 PM on 04/10/2013
Hapless pennies, looked down upon as if they were unemployed workers seeking a job, victims of an economy owned by banksters.

But pennies are still legal tender in this United States and carry with them a legal status for payment that cannot be denied.
photo
HUFFPOST SUPER USER
SluttyMary
We're Sorry, your micro-bio was not approved.
12:42 AM on 04/11/2013
legal status for debts... not for purchasing pizza.
photo
HUFFPOST SUPER USER
bohol2528
of course I am a agitator, I design t shirts
11:04 PM on 04/10/2013
Retire the Dollar bill, not the penny.