Business tries to pay $23,500 settlement in coins
Steven59
Posts: 8,961 ✭✭✭✭✭
A roll searchers dream - 
. Obviously the recipient was not one.
https://www.9news.com/article/money/welding-business-pay-23500-settlement-coins/73-1ca0c2ec-597f-4914-b35d-77dc4b9d3ed7
"The loose change arrived in a steel box on a flatbed truck – $23,500 in quarters, dimes, nickels and pennies – totaling 6,500 pounds – the box needed a forklift to deliver it all – only attorney Danielle Beem wasn't about to accept it "
"When they can't find anything wrong with you, they create it!"
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Comments
i wouldn't accept since there's no half dollar rolls.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Do those boxes look old or just dirty? I can't tell. If they're old, it could be a windfall for someone.
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
Joeycoins would accept it!
The image in the OP is a bit misleading.
The firm that had to pay the $23,000+ bill made a specially fabricated steel box and then opened all the rolls and boxes of various denomination coins and mixed them together in the newly created steel box, which would not fit through the doors of the party receiving the funds and would have required a forklift to carry. The lawyer for the folks who were owed the money refused to accept the coins and the firm that attempted to pay with the coins sued that they are legal for payment. The judge agreed with the party that was to receive the funds and ordered the firm that had owed $23,000+ to take the coins back and pay an additional $8,000+ for time, legal fees and any fines.
In honor of the memory of Cpl. Michael E. Thompson
What kind of a fool turns down money? I would not want that attorney working for me
That's the exact image from the article link I posted. Don't shoot the messenger.
"When they can't find anything wrong with you, they create it!"
They probably bought bank boxes so it was way easier to count that they had the right amount before unwrapping the rolls. Now if the guy had left them in the wrappers and bank boxes the other party may have accepted the payment.
"When they can't find anything wrong with you, they create it!"
.
It is perfectly legal, of course, to present such coins as a legal-tender payment.
The receiving party has no obligation to accept that form of payment, however.
So I agree that the payer must come up with an acceptable form of payment.
But I'm not sure about the additional $8,000 levy since the payer did not do anything illegal.
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So, you would want an attorney working for you who would leave a steel box outside your business filled with $23,000+ in loose, mixed coinage that you had no way to move without a forklift and could not fit in your doors? Okay...
In honor of the memory of Cpl. Michael E. Thompson
I hadn't meant for it to appear that I was shooting the messenger! Sorry. I realized the image was from the article.
In honor of the memory of Cpl. Michael E. Thompson
The extra $8,000+ was for the legal fees owed when the firm that attempted to pay the $23,000+ in coinage sued the other party to force acceptance.
In honor of the memory of Cpl. Michael E. Thompson
Just to acquire the money took effort. The mistake was to open up all the rolls and boxes and dump them into a container. Otherwise, the lawsuit winner might have been forced to take the coins and the lawsuit loser would have made their point.
The judge found it was a malicious attempt at a payment that would cost the receiver significant expense to process it instead of a normal check that you could deposit. Hence the award of approximately $8K in attorney's fees and costs related to litigating over the form of the payment.
The coins were dumped - mixed - into a custom-made metal box that weighed more than the load limit of the recipient's freight elevator (let alone with the forklift necessary to move the box).
ANA 50 year/Life Member (now "Emeritus")
Doubtful - they had no way to move the payment into their offices. Even taking the coins to a bank would have involved significant costs.
ANA 50 year/Life Member (now "Emeritus")
It is so difficult to not only get a judgement on your behalf, but then also to get the other party to actually pay.
That lawyer needs to be resourceful. Get a shovel and move the weight. My banks offer (and prefer/want) me those heavy duty plastic bags that get filled with coins and go to the depository where they get counted and deposited in my account that same week. I don’t have to do anything but put the coins in those bags. They count and wrap for free. Literally like filling a sandbag for hurricane prep.
I once paid a parking ticket for $230 dollars in pennies!
They tried to say they wouldn’t accept it but when I shared i was filming the transaction (say cheese!) they folded and grudgingly took the payment.
Turns out I was a few cents over (!!) the $230 and I got a dime and two nickels for change!
(And they now had plenty of pennies so what up with that?)
It was a big pain to do it and I was treated rudely and numerous attempts to intimidate me during the whole time. My wife was annoyed at what she thought was a “stint” (goes without saying I didn’t fully agree with the ticket).
But to the question I know you all are asking: YES - it was worth every “penny” to see them deal with such a dilemma! They literally had no place to put them and I’m pretty sure they will put a plan in place to deal with this nefarious scenario in the future. I’m not sure legally - however - rhat you can claim non-payment from someone who tried to pay in change.
Partial payments over time?
What kind of a fool takes payment that way? The lawyer did the job, expertly.
They lost the directions to his house, which had included a stop at Starbucks for him on the way.