Ah yes, the beloved Lincoln cent...News: "Man pays $6,500 bill with pennies" - A bit of le
Goldbully
Posts: 17,991 ✭✭✭✭✭
Can you just imagine this scenario???
We're talking rolling 13,000 rolls of pennies!!!!!!!
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Fox 11 - WLUK-TV
MIRA MESA, Calif. (CNN/XETV)
Man pays $6,500 bill with pennies
After finding a big enough bank vault
Updated: Tuesday, 15 Mar 2011, 7:04 AM CDT
Published : Tuesday, 15 Mar 2011, 7:01 AM CDT
MIRA MESA, Calif. (CNN/XETV) - Ben Franklin once said a penny saved is a penny earned, but counting 650,000 pennies is just a pain. A California man created a bit of a problem for a company when he decided to pay a big bill with a lot of coins.
Thierry Cahez is the owner of Opera Desserts in Mira Mesa. On Monday, he loaded his delivery van with 650,000 pennies, enough to pay a $6,500 credit card bill. But according to Cahez, no one wanted to accept the payment.
"Different time, different branches... and they all send me away. Very bad attitude," he said.
He says he was told to roll the coins, but, "I brought them back and now they're rolled and they still don't want them. Does my, does my pennies stink?" he asked.
A Chase Bank spokesman tells San Diego 6 it has nothing to do with any odor, just space.
The payment crisis was eventually resolved by sending Cahez to another branch with a bigger vault.
Video Link
We're talking rolling 13,000 rolls of pennies!!!!!!!
***************************************************************************************************
Fox 11 - WLUK-TV
MIRA MESA, Calif. (CNN/XETV)
Man pays $6,500 bill with pennies
After finding a big enough bank vault
Updated: Tuesday, 15 Mar 2011, 7:04 AM CDT
Published : Tuesday, 15 Mar 2011, 7:01 AM CDT
MIRA MESA, Calif. (CNN/XETV) - Ben Franklin once said a penny saved is a penny earned, but counting 650,000 pennies is just a pain. A California man created a bit of a problem for a company when he decided to pay a big bill with a lot of coins.
Thierry Cahez is the owner of Opera Desserts in Mira Mesa. On Monday, he loaded his delivery van with 650,000 pennies, enough to pay a $6,500 credit card bill. But according to Cahez, no one wanted to accept the payment.
"Different time, different branches... and they all send me away. Very bad attitude," he said.
He says he was told to roll the coins, but, "I brought them back and now they're rolled and they still don't want them. Does my, does my pennies stink?" he asked.
A Chase Bank spokesman tells San Diego 6 it has nothing to do with any odor, just space.
The payment crisis was eventually resolved by sending Cahez to another branch with a bigger vault.
Video Link
0
Comments
again, what a jerk!!
<< <i>I saw that video yesterday and liked when he said "does my pennies stink?"
I like the way he insured that the news media was on hand to tape his "payment".
The name is LEE!
<< <i>i believe there's no legal reason why a payment such as this needs to be accepted. the guy is just a jerk. >>
IANAL, but ...
Title 31 (Money and Finance), Subtitle IV (Money), Chapter 51 (Coins and Currency), Subchapter I (Monetary System), Section 5103 (Legal Tender) of the United States Code 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.
From what I understand this only counts for debts and not at the time of tender. So a grocery store could refuse your pennies at the checkout, a bank could refuse to let you deposit them, but a creditor has to take them...
i could see times when it would be funny. like giving a boot man 15,000 pennies to get your car back.
<< <i>I like the way he insured that the news media was on hand to tape his "payment". >>
Yeah he seemed very determined as he tried to pay with 650,000 un-rolled pennies first... Now that ballsy!
....i could see times when it would be funny. like giving a boot man 15,000 pennies to get your car back.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Eventually one would have to do something with them.
<< <i>How many bank tellers did he have ask for boxes of pennies to get 650,000 of them. I doubt he just happened to have them sitting in his house. Wow. >>
He could have very well done this, but there ARE people who do hoard enough to accumulate that many....we've heard about them numerous times. Now you got me wondering...... I originally 'assumed' (stupid thing to do) they were from his hoarding them.
Ron
It might be a pain, but maybe thats not this guys problem.
The mint makes these coins to use in commerce, which is exactly what this man did.
Good for him!
The bank loaned him money, but just not enough to satisfy him? And after using the loaned money, he's not happy with the terms he agreed to when he arranged to borrow it? So he decided to throw a temper tantrum. Nice guy.
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<< <i>I dont think this man is a jerk for trying to pay a bill with legal U.S. tender.
It might be a pain, but maybe thats not this guys problem.
The mint makes these coins to use in commerce, which is exactly what this man did.
Good for him! >>
How would you like your next pay check to be in loose cents?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>"Cahez said he decided to pay his credit card bill with pennies because he was upset with his bank over a refinance he couldn't get, and charges and fees on his card."
The bank loaned him money, but just not enough to satisfy him? And after using the loaned money, he's not happy with the terms he agreed to when he arranged to borrow it? So he decided to throw a temper tantrum. Nice guy. >>
Perhaps the bank should just cancel his credit card.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
"how would you like your next pay check to be in loose cents?"
...only if they were key dates and semi-key dates.
<< I dont think this man is a jerk for trying to pay a bill with legal U.S. tender.
It might be a pain, but maybe thats not this guys problem.
The mint makes these coins to use in commerce, which is exactly what this man did.
Good for him!
How would you like your next pay check to be in loose cents? >>
Id like it just fine. Its legal U.S. tender.
It might be a pain, but maybe thats not this guys problem.
The mint makes these coins to use in commerce, which is exactly what this man did.
Good for him!
not only do i think this guy's a jerk, but anyone who would defend this kind of showboating would also gain my disfavor, especially someone who thinks it's a good thing. without knowing details it's pretty clear what's going on-----the jerk owed a large debt on his CC and evidentally battled the creditor and lost, then decided to be a spiteful idiot and pay in this form. in my book that's the distinction of a deadbeat(also known as a jerk in some circles). what the heck, though, he had his 15 minutes of fame. thing is, it might be tough getting a CC now, at least from Chase!!!
what a jerk!!
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>I dont think this man is a jerk for trying to pay a bill with legal U.S. tender.
It might be a pain, but maybe thats not this guys problem.
The mint makes these coins to use in commerce, which is exactly what this man did.
Good for him! >>
How would you like your next pay check to be in loose cents? >>
As long as they are all dated 1857 or earlier, I will not complain.
Ron