Village of Barryton
Coin Acceptance Policy
Policy No. 2024-01
ADOPTED: February 14th, 2024
The purpose of this policy is to provide guidelines for accepting coins tendered for payment.
The Village of Barryton will not accept more than twenty (20) coins in payment of any debts or obligations to the village. The Village of Barryton may waive this policy and accept more than twenty (20) coins, provided coins are wrapped in coin wrappers. Coins are wrapped in the following categories:
Pennies $.50 roll wrapper (50 pennies)
Nickels $2.00 roll wrapper (40 nickels)
Dimes $5.00 roll wrapper (50 dimes)
Quarters $10.00 roll wrapper (40 quarters)
Shortages or overages in rolled coins of more than $1.00 will be adjusted to the customer’s account.
The Village of Barryton does not supply coin wrappers to accommodate this type of transaction and encourages residents to contact their local bank or office supply store to obtain coin rolls for the loose coins.
State of Michigan MCL (Michigan Compiled Law) 21.153 requires the treasurer to accept United States silver coins in payment of any debt, taxes, or other obligations collectible by the municipality.
Because the statute specifies silver coins, not nickel or copper coins, the treasurer is not required to accept payment in nickels or pennies. The treasurer requires that the coins be rolled, and the name, address, and phone number of the payer, written legibly on each wrapper.