Too Much Change!

sawyerjosh · August 7, 2014 10:48AM

Too Much Change!

Kudbegud · August 7, 2014 10:56AM

Can't believe how petty some people can be. The bad publicity alone will loose the insurance company more than being adult about it.

410a · August 7, 2014 10:59AM

I am relatively certain the recepient has a tort. I don't believe you can put him through this counting nor do I believe that much change is legal over a certain dollar amount to settle a debt. The insurance company is a real ass.

BAJJERFAN · August 7, 2014 11:09AM

<< I am relatively certain the recepient has a tort. I don't believe you can put him through this counting nor do I believe that much change is legal over a certain dollar amount to settle a debt. The insurance company is a real ass. >>

Simpler just to take them to your bank and deposit them. They will count them.

RYK · August 7, 2014 11:17AM

I wish someone would disrespect me like that!

BAJJERFAN · August 7, 2014 11:43AM

<< I wish someone would disrespect me like that!

>>

Yah, you betcha. Me too as well!

lostincoins · August 7, 2014 11:52AM

What the guy needs to do is say he found a very rare coin in the change that is worth a lot of money but put some small print saying it is a joke.

bsshog40 · August 7, 2014 12:04PM

That is pathetic! Maybe the publicity will eventually hurt the insurance company's business! It proves they have no professionalism for sure!

Cam40 · August 7, 2014 12:39PM

Wouldn't we as coin collectors just love to get paid with buckets of coins to sift through?
I would just love it!

MsMorrisine · August 7, 2014 12:46PM

as discussed many times, cash is legal tender and must be accepted, but the government does not specify in what denominations it must be accepted.

the recipient can refuse based upon the ill will shown AND the law that allows places like convenience stores to only take $20s and less.

He absolutely can legally refuse that change. A judge may even consider a suit to recover interest until it is paid in cash in denominations accepted by the recipient. I'm sure the ill will shown will carry weight by a potential judge for the recipient.

BAJJERFAN · August 7, 2014 12:49PM

<< as discussed many times, cash is legal tender and must be accepted, but the government does not specify in what denominations it must be accepted.

the recipient can refuse based upon the ill will shown AND the law that allows places like convenience stores to only take $20s and less.

He absolutely can legally refuse that change. A judge may even consider a suit to recover interest until it is paid in cash in denominations accepted by the recipient. I'm sure the ill will shown will carry weight by a potential judge for the recipient. >>

Well he is represented by counsel who apparently advised him to take it to the bank.

MsMorrisine · August 7, 2014 2:00PM

the suit would be a risky proposition. you never know.

but the bank(s) branch(es) are not going to do this for free and the expense of portioning it out to amounts to be done for free and driving it around will incur costs. Likewise, costs will be incurred if a armored car service with a coin processing vault is hired to roll it.

Unfortunately, it appears he has already taken delivery in some way. That will be a detriment to the case.

BAJJERFAN · August 7, 2014 2:06PM

<< the suit would be a risky proposition. you never know.

but the bank(s) branch(es) are not going to do this for free and the expense of portioning it out to amounts to be done for free and driving it around will incur costs. Likewise, costs will be incurred if a armored car service with a coin processing vault is hired to roll it.

Unfortunately, it appears he has already taken delivery in some way. That will be a detriment to the case. >>

I expect that my bank would do it for free if I deposited it.

410a · August 7, 2014 3:54PM

Regarding the above answers the LAW IS THE LAW common sense has nothing to do with your answers. Reading into the situation at hand lends to speculating "this and that" You guys are probably right he has the payment and his 15 minutes of publicity might be his only recourse against being jerked around. Paying off the guy like that is showing a disdain for the Judge in this case and His ruling. Then of course I can be wrong. Man he certainly is going to need a counting machine and a truck to haul all that change.

airplanenut · August 7, 2014 4:48PM

<< That is pathetic! Maybe the publicity will eventually hurt the insurance company's business! It proves they have no professionalism for sure! >>

We're talking about an insurance company, right?

MsMorrisine · August 7, 2014 5:24PM

<< 

<< the suit would be a risky proposition. you never know.

but the bank(s) branch(es) are not going to do this for free and the expense of portioning it out to amounts to be done for free and driving it around will incur costs. Likewise, costs will be incurred if a armored car service with a coin processing vault is hired to roll it.

Unfortunately, it appears he has already taken delivery in some way. That will be a detriment to the case. >>

I expect that my bank would do it for free if I deposited it. >>

Expect?

Interesting choice of words.

I expect 42 boxes of quarters to take about 10 hours for 1 machine to count.

I don't expect banks to give that amount of free service to individuals, though they might for a business customer.

Also the bank will incur pick up charges by the armored car service if their vault can't handle that volume of coins. That's more money in free service they'd be giving if the branch is the typical one built today.

While it is possible, is it safe to expect here?

If he gets someplace to do it free, then he is
1 a commercial customer
2 or an individual with a lot of money in the bank
3 or getting a sympathy or a pr move by the facility making the free offer

There's no free counting machine.

TwoSides2aCoin · August 7, 2014 5:39PM

I'll sell him a loupe

BAJJERFAN · August 7, 2014 11:50PM

<< 

<< 

<< the suit would be a risky proposition. you never know.

but the bank(s) branch(es) are not going to do this for free and the expense of portioning it out to amounts to be done for free and driving it around will incur costs. Likewise, costs will be incurred if a armored car service with a coin processing vault is hired to roll it.

Unfortunately, it appears he has already taken delivery in some way. That will be a detriment to the case. >>

I expect that my bank would do it for free if I deposited it. >>

Expect?

Interesting choice of words.

I expect 42 boxes of quarters to take about 10 hours for 1 machine to count.

I don't expect banks to give that amount of free service to individuals, though they might for a business customer.

Also the bank will incur pick up charges by the armored car service if their vault can't handle that volume of coins. That's more money in free service they'd be giving if the branch is the typical one built today.

While it is possible, is it safe to expect here?

If he gets someplace to do it free, then he is
1 a commercial customer
2 or an individual with a lot of money in the bank
3 or getting a sympathy or a pr move by the facility making the free offer

There's no free counting machine. >>

I asked the head cashier at my bank. I will post her reply on Monday.

MsMorrisine · August 8, 2014 12:39AM

That's ok

I believe you

That's not where I was going

It wasn't said but that was "we have different expectations for him."

You expect one thing and I expect another. Although at 4am I should have expected to make mistakes writing. Heh, some good customers with not much money might get it for free. But even free machines have costs to eat. 21k is a lot and I was "expecting" the guy saw a lawyer because he didn't have access to free counting.

I'm sorry if I sounded rude, mean, argumentative or whatever else ... It was 4am and I was typing very tired.

BAJJERFAN · August 8, 2014 1:00AM

<< That's ok

I believe you

That's not where I was going

It wasn't said but that was "we have different expectations for him."

You expect one thing and I expect another. Although at 4am I should have expected to make mistakes writing. Heh, some good customers with not much money might get it for free. But even free machines have costs to eat. 21k is a lot and I was "expecting" the guy saw a lawyer because he didn't have access to free counting.

I'm sorry if I sounded rude, mean, argumentative or whatever else ... It was 4am and I was typing very tired. >>

It sounds like the payment was "dropped off" at the lawyer's office and he thought it best just to take it to a bank. I know there are banks that charge a fee for taking change or bills, but based on my experience with my bank over the years, they likely wouldn't charge me if I deposited it to one of my accounts.

MsMorrisine · August 8, 2014 1:12AM

Heh

Ok

I'd want a fightin lawyer in this case. The freebie might still be possible and perhaps they failed to mention that part for the story.

(Hey! I'm re-approaching my "normal" now)

BAJJERFAN · August 8, 2014 1:17AM

<< Heh

Ok

I'd want a fightin lawyer in this case. The freebie might still be possible and perhaps they failed to mention that part for the story.

(Hey! I'm re-approaching my "normal" now) >>

telephoto1 · August 8, 2014 2:47AM

I agree that this was a jerk move by the insurance company and doesn't speak well to their professionalism, but that said, he was paid in full, in lawful U.S. money...thus fulfilling the settlement agreement. Many settlements aren't that specific as to whether payment will be made by check, cash, etc., and this was obviously the case here. This guy's lawyer overlooked that little loophole, apparently.

AMRC · August 8, 2014 2:48AM

Yes, well, this is scant on facts. I am sure he is very "innocent" and this was all brought on him by the "big, bad business"

MsMorrisine · August 8, 2014 2:58AM

he won and the judge that awarded the verdict would likely be unhappy with the ill will shown by the method of payment.

BAJJERFAN · August 11, 2014 2:19AM

A reply from my bank.

I have never been asked that question. I would say that we would only do that for a customer. Not a non-customer. And, we would have to not charge them. Hope that doesn’t happen. Plus we would have to fill out a CTR.

I assume CTR is a cash transaction report for cash transactions over $10K.

littlebear · August 11, 2014 4:01AM

Wouldn't it be great Karma if all the insurance company's customers started paying their premiums in change? Would serve them right! It won't happen, but perhaps the bad publicity will cost them much more than "change."

Larry L.

Too Much Change!

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