I bet two of them get you within a dime of $.60!You can't make $ .60 change with quarters.
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I bet two of them get you within a dime of $.60!You can't make $ .60 change with quarters.
Some small businesses won't accept $50s and/or $100s because those bills are most often counterfeited. If accepted employees usually hand it to a manager to check or hide so robbery losses are less.
Also, saving time by not having to count cash, balance register drawers, or physically deposit money into a bank, increasing chance of being robbed.
I get it, but this was a time period when cash was king. That’s mainly how biz was run at the time. Sure they had cc’s but most didnt use them mainstream at the time. As for counterfeiting, saving time, not having to run to banks etc. I get it, I do. Been there and it sucks but valid currency is currency, last I checked.Not taking $100 bills has as much to do with anti-counterfeiting as it does not having change. The $100 bill is the most counterfeited bill, and not all businesses are set up to spot the fakes.
Furthermore, federal law does not require businesses to accept cash, though state and local laws might…
Is it Legal to Refuse Cash Payment | ExpertLaw
With U.S. paper money imprinted with the declaration, "this note is legal tender for all debts, public and private", when can a business or government office refuse to accept cash payments.www.expertlaw.com
Gotcha2 quarters and a dime
She had the dimes. She also had the quarters.
Are you interneting drunk again?
Who’s gonna be laughing when we’re cutting old silver dollars into eight pie slices to pay for stuff.. and carrying a gold dust scale!Calm down.....everybody can learn to count change again, if we had to go back to it. Why use a rotary phone when we have smart phones. Technology changes and so do people, not a big deal! You're gloating over something outdated......those kids are really laughing at you, the old geezer paying with cash.
Math is racist!I bet two of them get you within a dime of $.60!
You and your white privilege!Math is racist!
Don't be such a bigot!
I bought a new truck a few months ago and when I was in there there was a guy trying to pay cash for a used truck. Like actually had a bag of cash. The dealer said no, he would have to take it to a bank and get some type of certified payment. I asked my salesman what the deal was. He told be that they got burned a few years ago. Guy paid cash for a new car, they deposited the cash in their bank and a few of the bills were fake. The Feds come in and took ALL of the money from the bank deposit for the investigation. That is how the Feds roll. They were out a car and like $70k....... Not a good day.
Last year I bought a used pickup from a small dealer.
'19 F250 SC, nice but not fancy, $25K.
Went to pay for it and plopped down $15K in cash (still in bank wrappers).
Dealer said he would not take cash, too much paper work if he tried to deposit said cash with his bank.
WTF???
I wrote him a check for the full amount and then told him to give me couple of days to get back home and get the money deposited to cover the check I just wrote
So I asked my bank and they said anything over a $5K cash deposit and they had a form they were required to fill out.
If it was a customer they knew the form stayed in house and never went any farther.
If it was someone they did not know, they had the option to pass it on up the chain.
I won't take this down the "attempt to digitize money in order to control our spending" of our earned monies rabbit hole
But it makes me wonder..........................
You and your white privilege!
I've heard of more and more event places doing this. I walked out without my food at Assembly Hall in Nashville (30+restaurants and bars) when I was told no cash throughout the complex.Went to monster jam in Houston a couple weeks ago and nrg stadium is a completely cash free establishment now.
It is too bad we don’t have some kind of metallic currency. Something made of precious metals that is actually worth its own weight. I remember reading that ancient civilizations did that.