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it-man
720
Jul 2, 2017
Isn't it illegal to destroy currency?
tinyman392
267
Jul 3, 2017
it-manIt is not. It's illegal to use defaced currency though. Think about those machine that smash, squish, and alter pennies at different amusement parks, zoos, landmarks, etc. They aren't illegal, but once the coin has been transformed, it can not be used as legal tender.
OneLove
2962
Jul 3, 2017
it-manit's not destroyed. Plus, you only need 50% of currency for it to remain valid.
Zxcckkl
52
Jul 3, 2017
OneLove51%, if it was 50% you could turn 1 dollar into two dollars
OneLove
2962
Jul 3, 2017
ZxcckklOk, the long answer: You can redeem a bill for its full value if more than 50% of the note is identifiable as U.S. currency, with adequate security features intact. (Security features include various embedded threads that glow in UV light, watermarks, and color shifting numerals.) Alternatively, if less than 50% of the note is identifiable or present, you must provide evidence demonstrating “to the satisfaction of the Treasury that the missing portions have been totally destroyed.”
it-man
720
Jul 3, 2017
OneLoveWe need someone to take it for a spin to the central bank and see what they say!
Cabezon
113
Jul 8, 2017
it-manWhy would "central bank" care? They Are a private bank and they make a profit selling the government coins and bills
it-man
720
Jul 8, 2017
CabezonWorks slightly differently in New Zealand I think.