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From: dvk@mi-cec.UUCP (Dan Klein)
Newsgroups: net.misc
Subject: Re: $20 bills, and so forth
Message-ID: <191@mi-cec.UUCP>
Date: Wed, 11-Jan-84 10:17:52 EST
Article-I.D.: mi-cec.191
Posted: Wed Jan 11 10:17:52 1984
Date-Received: Sat, 14-Jan-84 04:31:26 EST
Lines: 18

I seem to recall hearing about a law that states that pennies may be refused
if the total amount of pennies exceeds $50.  A bank, however, is required to
accept them.

Another interesting note:  The statement:

	"This note is legal tender for all debts public and private"

used to be a bit more wordy.  It used to say:

	"This note is legal tender for all debts public and private, and is
	 redeemable in lawful money at the United States Treasury, or at
	 any Federal Reserve bank".

(That was circa 1950.  Prior to that it said even more.  Gold and silver
certificates had further terms attached.)  I wonder what "lawful money" is?

		-Dan Klein, Mellon Institute, Pittsburgh