Colorado business pays $23.5K settlement with 6,500 pounds in coins: reports

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A welder in northern Colorado agreed to settle a dispute with another welder, then paid $23,500 in nothing but quarters, nickels, dimes and pennies.

A Northern Colorado welder who agreed to settle a lawsuit filed by another welder paid the settlement amount of $23,500 that was agreed upon, in quarters, nickels, dimes and pennies, according to reports. NBC station KUSA in Denver reported that the coins, which weighed 6,500 pounds, were delivered in a steel box atop a flatbed truck and required a forklift to make the delivery.

With those considerations, Beem would not take delivery of the coins. "In our pleadings, we called it the figurative middle finger," she told the station. Still, money is money, and JMF said in court filings that they are the "current coin of the realm." The coins are also considered legal "tender of the settlement funds," JMF added.

On Monday evening, a judge ordered JMF to use a traditional method of payment, such as a check.

 

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