198

top 50 comments
sorted by: hot top controversial new old
[-] pixelscience@lemm.ee 79 points 8 months ago* (last edited 8 months ago)

Refusing tendered payment immediately discharges debt...

I sent you 80 lbs of coconuts, if you can't accept that then I don't owe anything.

[-] PP_BOY_@lemmy.world 59 points 8 months ago

660oz of silver is worth a little under $16,000. I couldn't imagine sending that much money through the mail

[-] Kyrgizion@lemmy.world 37 points 8 months ago

It's a small miracle it arrived intact twice.

[-] MrJameGumb@lemmy.world 26 points 8 months ago

I bet if you broke open one of those coins he sent that it would be full of chocolate

[-] nilloc@discuss.tchncs.de 6 points 8 months ago

Or it’s all high lead pewter. Which would explain lots of these guys thought processes.

[-] frickineh@lemmy.world 15 points 8 months ago

Usually they just send quarters, not actual silver, at least from the ones I've seen when they post what they actually mailed.

[-] BonesOfTheMoon@lemmy.world 14 points 8 months ago

This guy also claims to have paid his friend 20K in silver for a house.

[-] Dkarma@lemmy.world 6 points 8 months ago

20k face value maybe on rounds worth $40 each

[-] metaStatic@kbin.social 3 points 8 months ago

this isn't as insane as it sounds. bullion coins are legal tender with a lower face value than their commodity value.

so if that's 20k face value it's about average value for a house and they probably used the legal tender number for tax purposes.

But when it comes to paying 3rd parties like in the OP you're better off just selling the silver and using the common currency ... so no $2 bills

[-] LanternEverywhere@kbin.social 4 points 8 months ago

2 dollar bills are a real USD currency note. I think you meant 3 dollar bills

load more comments (1 replies)
[-] Cqrd@lemmy.dbzer0.com 10 points 8 months ago

The picture seems to show actual silver coins with their various bond notes.

load more comments (1 replies)
[-] HaywardT@lemmy.sdf.org 50 points 8 months ago

I think I would have applied the silver at face value. "Thanks for your 50 Morgan dollars. We have lowered your balance by $50."

[-] NateNate60@lemmy.world 50 points 8 months ago

Ingots of silver can be rejected (not legal tender). But you are correct, US coinage is cash and is legal tender. For once, this is a scenario where that term actually applies. The poster owes a debt, and the legal tender must be accepted as payment.

However, since the poster offered the shipment as an offer for "payment in full", such an offer is "all or nothing". They cannot pick out the legal tender coinage and apply it to the debt while rejecting the rest of the shipment. It's not different to how if I owe you a debt of $500, then offer you $50 in cash and a silver ingot as payment in full, you are not entitled to keep the $50 as partial payment while sending the ingot back. You are only able to accept my offer and absolve the debt or reject it and send everything back.

[-] HaywardT@lemmy.sdf.org 14 points 8 months ago

Your second paragraph is correct but the first one is not. An individual is not required to accept legal tender. The government is, but individuals can accept or reject any form of payment.

[-] TwentySeven@lemmy.world 29 points 8 months ago

Not quite. Any seller can reject any form of payment at the point of sale. But, after a contract has been established, private parties are required to accept U.S. currency as a form of payment.

Hence the words printed on paper money: "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE."

[-] HaywardT@lemmy.sdf.org 8 points 8 months ago

The case Marbury v. Madison (1803) established the power of Congress to declare legal tender. However, it also clarified that this power doesn't compel private entities to accept it for all transactions.

[-] TwentySeven@lemmy.world 19 points 8 months ago

I'm not talking about a transaction like in a grocery store. I'm taking about contracts. Under contract law, a debt paid in US currency is considered fulfillment of the contract.

[-] NateNate60@lemmy.world 8 points 8 months ago* (last edited 8 months ago)

Individuals are required to accept legal tender. If they refuse payment by legal tender then they get nothing. The debt is absolved by the act of offering (tendering) payment through legal tender. This is why Federal Reserve Notes have "This note is legal tender for all debts, public and private".

Edit: They are required to accept it for debts. They are not required to accept it as payment for goods and services when a debt has not been incurred. For example, a coffee shop isn't required to accept cash and can choose to only accept credit card payments.

load more comments (6 replies)
[-] kryptonianCodeMonkey@lemmy.world 7 points 8 months ago

Minus the handling and resale fees, along with sales tax, of course.

[-] verity_kindle@lemmy.world 25 points 8 months ago

If he gave up $15,180 in silver (based on spot price of $23 per ounce, spot changes minute to minute based on many factors such as worldwide demand), it means that he actually owes the rental people $15,108,000. This is a rare unicorn, this solvent silver sovvy, and this is his version of taping $3.00 of junk silver to a letter to the gas company. If I were the creditor, I would test the silver bullion or rounds with an acid kit and then accept it as a partial payment, if genuine. This unicorn might be the only sovvy ever to actually offer anything fungible to pay off a debt. They could take him to court for the rest, but that slot machine of crazy only pays out once. Write it off as bad debt for tax purposes.

[-] Chocrates@lemmy.world 4 points 8 months ago

Why do you think he owes 10x? He could just owe 15k and actually he trying to pay it off. That is what I don't get.

[-] strawberry@kbin.run 21 points 8 months ago

can't bro just sell the silver and pay them? why the extra hassle?

[-] BonesOfTheMoon@lemmy.world 22 points 8 months ago

Sovcits make everything hard.

[-] kryptonianCodeMonkey@lemmy.world 9 points 8 months ago

Silver is magic (see werewolf and vampire lore) and so it's real value is approximately 1000 times greater than the face value or going market value for the same coin. It can't be evenly traded for money, only for buying goods and reimbursing debts. That's why you can buy a house for only 10 silver coins (as long as you have 2 witnesses and 2 recording secretaries). Honestly, this guy over paid.

load more comments (1 replies)
[-] nothacking@discuss.tchncs.de 21 points 8 months ago

I wonder what the reasoning is to send 15 thousand dollars worth of silver instead of just sending 15k directly.

[-] SeabassDan@lemmy.world 15 points 8 months ago

Any transaction in legal tender recognized by the state is an admission of residence and/or citizenship of said state and thus a subject to its law must adhere to any and all demands, and I ain't no state's bitch.

[-] rickyrigatoni@lemm.ee 8 points 8 months ago

So by sovcit logic I can go to any eu country and buy a bowl of spaghootles with euros and I'm now a european.

[-] holycrap@lemm.ee 4 points 8 months ago

Seems like that would simplify immigration

load more comments (1 replies)
[-] salvaria@lemmy.blahaj.zone 17 points 8 months ago
[-] BonesOfTheMoon@lemmy.world 11 points 8 months ago

That's quite a corporate sign off.

[-] RizzRustbolt@lemmy.world 7 points 8 months ago

Toodles,

The People You Still Owe Money To

[-] watersnipje@lemmy.blahaj.zone 15 points 8 months ago

“Blessings”? Who closes a professional letter like that?

[-] BonesOfTheMoon@lemmy.world 9 points 8 months ago

Seems to be located in Texas.

load more comments (2 replies)
[-] Kbobabob@lemmy.world 9 points 8 months ago

Maybe it's just a nicer way of saying "Bless your heart".

[-] watersnipje@lemmy.blahaj.zone 4 points 8 months ago
[-] Steve@startrek.website 14 points 8 months ago
[-] BonesOfTheMoon@lemmy.world 21 points 8 months ago

He did not say but given sovcits usually send one whole silver coin when they try this, must be a lot.

[-] Steve@startrek.website 16 points 8 months ago

But wait…. I was to understand that any debt could be canceled by presenting a single silver coin of any size or weight… obviously the mistake was sending too many, thus invalidating the 1099a.

SMH I should sell tiny silver coins to these people.

[-] BonesOfTheMoon@lemmy.world 9 points 8 months ago

You'd probably make lots of fake money from them

[-] Ilovethebomb@lemm.ee 7 points 8 months ago

Did they watch John Wick, and think that's how it actually works?

[-] Chocrates@lemmy.world 7 points 8 months ago

I don't get it, 660 ounces of silver is 15k, why didn't they just sell their silver and pay off their debt?

load more comments (1 replies)
[-] Doolbs@lemmy.world 3 points 8 months ago

I don't know how much they owed, but I just check the price of silver--$23.34 oz--so the 660 oz would be $1504.40.

I can't see anybody taking hard metal as a payment though.

[-] carl_dungeon@lemmy.world 12 points 8 months ago

You’re off by a decimal place.

[-] verity_kindle@lemmy.world 8 points 8 months ago

$15,180, roughly, based only on spot. Some of those MIGHT be collector's items worth more, as I can see some of the rounds are in capsules/plastic sleeves. It depends on condition and sometimes it's worth it to have something that might be rare or unusual graded by a coin valuation company. Usually, it's not worth the fees.

load more comments (1 replies)
load more comments
view more: next ›
this post was submitted on 02 Mar 2024
198 points (97.6% liked)

InsanePeopleFacebook

2595 readers
492 users here now

Screenshots of people being insane on Facebook. Please censor names/pics of end users in screenshots. Please follow the rules of lemmy.world

founded 1 year ago
MODERATORS