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Gilberti showed 112 rolls of pennies to CBS 2 HD. He said he thought he could use the coins to pay a traffic fine at the Bloomfield Municipal Court.
"I went to the bank and got $56 worth of rolled pennies and went down to the court house and they refused to take it. They had told me to bring cash. I was under the assumption this was cash."
Non-cents? Not really. Pennies are legal tender. In fact, at the courthouse CBS 2 HD found a sign saying cash is accepted.
But the 22-year-old said there was a condition -- that he write his driver's license number on each roll.
"I simply asked them if I would have to do just this if I were handing in $56 bill. Would I have to write my driver's license number on each bill? They had no response," Gilberti said.
And even more shocking he said: "Then I found out there was a warrant out for my arrest."
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.
What this statute means, in the words of the United States Treasury, is that "[A]ll United States money . . . is a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal law mandating that a person or organization must accept currency or coins as for payment for goods and/or services."
That's it. All this means is that the Federal Reserve System must honor U.S. currency and coins, not necessarily anyone else. U.S. currency and coins can be used for making payments, but a debtor does not have to pay in legal tender, nor does a creditor have to accept legal tender. If a shoemaker wants to sell his products for 8000 jelly beans per pair, he's entitled to do so; the buyer cannot demand that he accept the equivalent value in legal tender instead. However, legal tender is the default method of payment assumed in contractual agreements involving payments for goods or services unless otherwise specified. So, for example, if an automobile dealer signs a contract agreeing to sell you a car for $8,000, but when you begin making monthly payments he rejects them and insists he wants to be paid in gold instead, you can go to court and have your debt discharged on the grounds that valid payment was offered and refused.