According to law, when Walmart refused to accept the gold coins for purchase and payment of goods, the lady could have picked up all of her groceries and anything else she was purchasing there (or anywhere else for that matter) and walk out of the store and go home and there would be nothing any retailer could do about it. She offered for payment, legal tender of the USA.
Given the recession, maybe not 100% fishy. When I got out of grad school in the middle of the early-1970s recession I ended up putting my brand new master’s degree to work selling hats and ties at a local department store. One day a woman came in with about 25 or 30 Peace dollars. We tried to get her to realize their collector value, even told her to sell them at the local hobby shop, but she insisted she just wanted to spend them there and then. Store security wasn’t so tight back then; we replaced the coins with bills in the register and divvied them up.
Of course that woman didn’t lose anywhere near $1000 on each coin, either.
March 31st, 2009 at 11:55 pm
Even not being a collector she must have realized gold coins are more valuable than others… Sounds fishy…
April 1st, 2009 at 7:34 am
According to law, when Walmart refused to accept the gold coins for purchase and payment of goods, the lady could have picked up all of her groceries and anything else she was purchasing there (or anywhere else for that matter) and walk out of the store and go home and there would be nothing any retailer could do about it. She offered for payment, legal tender of the USA.
April 1st, 2009 at 3:54 pm
Given the recession, maybe not 100% fishy. When I got out of grad school in the middle of the early-1970s recession I ended up putting my brand new master’s degree to work selling hats and ties at a local department store. One day a woman came in with about 25 or 30 Peace dollars. We tried to get her to realize their collector value, even told her to sell them at the local hobby shop, but she insisted she just wanted to spend them there and then. Store security wasn’t so tight back then; we replaced the coins with bills in the register and divvied them up.
Of course that woman didn’t lose anywhere near $1000 on each coin, either.