I thought it was illegal to willingly destroy currency?

Iraq war not available for comment

Thisbymaster: I thought it was illegal to willingly destroy currency?

I believe that this is done at the various mint's in the US (which is what probably makes it legal). Basically banks send them bills that are worn out, and the tear them up and sell them in the gift shop.

Did Holly say "11 different medium"?

*facepalm

Waste. of. time.

meh... rather use it to wipe my arse

Still no cure for AIDS....

Wait a minute....

akya: Thisbymaster: I thought it was illegal to willingly destroy currency?

I believe that this is done at the various mint's in the US (which is what probably makes it legal). Basically banks send them bills that are worn out, and the tear them up and sell them in the gift shop.

You used to be able to buy a bag of shredded bills and if you could put something together correctly you could cash it in. (well that's what I heard)
I remember seeing one such bag when I was a kid but never tried putting a bill back together.

tedbundee: Iraq war not available for comment

over in two

Story brought to you by Holly Morris. Fist, angry God, etc. etc...

Thisbymaster: I thought it was illegal to willingly destroy currency?

Obama is doing it...

old_toole: akya: Thisbymaster: I thought it was illegal to willingly destroy currency?

I believe that this is done at the various mint's in the US (which is what probably makes it legal). Basically banks send them bills that are worn out, and the tear them up and sell them in the gift shop.

You used to be able to buy a bag of shredded bills and if you could put something together correctly you could cash it in. (well that's what I heard)
I remember seeing one such bag when I was a kid but never tried putting a bill back together.

You can get shredded money from various Federal Reserve Banks as a souvenir. It is usually in little bags or bricks.

If you find a torn bill, more than half I think, you can return it to Treasury and they will replace it. We did that last year with a $20 that we found while shoveling snow. Yes, we received a check in the mail. http://www.bep.treas.gov/section.cfm/8

The best thing to do with shredded money is to, you know, tape it back together.

my 401k

you_idiot: The best thing to do with shredded money is to, you know, tape it back together.

Show me the Money, dammit!

The Bureau of Engraving and Printing sells shredded bills (mistakes, misprints, etc). By the way this is not the US Mint they only do coins. The various Federal Reserve banks sometimes sell money that was shredded because it was retired from circulation.

utardsRock: meh... rather use it to wipe my arse

Betcha my dad's not on there....

he's not made of money

Airfoilsguy: Thisbymaster: I thought it was illegal to willingly destroy currency?

Obama is doing it...

old_toole: You used to be able to buy a bag of shredded bills and if you could put something together correctly you could cash it in. (well that's what I heard)
I remember seeing one such bag when I was a kid but never tried putting a bill back together.

You don't even need the whole bill, just more than half the bill and the serial number legible.

dominick: my 401k

Mine is now called a 200 1/2K.

Thisbymaster: I thought it was illegal to willingly destroy currency?


It's only illegal to deface money with the intent to fraud, if I understand correctly. I'm not a lawyer though.

Yankee Stadium?

I'll take a Wreath of Franklins, Alex.

Let's see what can be done with shredded Republicans.

A house covered in molten 1-euro coins:

1500 bucks for a paper bag??

AnotherDeadBard: Thisbymaster: I thought it was illegal to willingly destroy currency?


It's only illegal to deface money with the intent to fraud, if I understand correctly. I'm not a lawyer though.

It's newly illegal to melt down pennies to sell the metal, because it recently became cost-effective to do that. You're still allowed to mangle pennies in those theme park souvenir machines.

Pfft... Lies pure lies. I'm not clicking the link because it can't be true - it is on Fox.

old_toole

You used to be able to buy a bag of shredded bills and if you could put something together correctly you could cash it in. (well that's what I heard)
I remember seeing one such bag when I was a kid but never tried putting a bill back together.

I've heard that story too. My dad has a clear plastic box (about the size of a kleenex box) that says "Guaranteed to contain $1,000,000 in shredded US currency". He bought it at a souviner shop near one of the Treasury department buildings that shred money, when he was on the road driving 18wheelers. He told me that the guy behind the counter said if you could put 'em back together, they'd give you the face value of 'em.

THe trick was, though, that they were the 1000 dollar bills, which haven't been in circ for quite a while. So if you did put one back together, you'd end up with a reassembled shredded 1000 dollar bill and a story to tell with it. that's it.

Cool Story, huh Bro?

akya: I believe that this is done at the various mint's in the US

Your not two good at grammer.

It's only illegal if defaced for fraudulent reasons such as to make a 10 into a 100 or something like that...

Title 18 United States Code, Section 331

Whoever fraudulently alters, defaces, mutilates, impairs, diminishes,
falsifies, scales, or lightens any of the coins coined at the mints of
the United States, or any foreign coins which are by law made current
or are in actual use or circulation as money within the United States;
or

Whoever fraudulently possesses, passes, utters, publishes, or sells,
or attempts to pass, utter, publish, or sell, or brings into the
United States, any such coin, knowing the same to be altered, defaced,
mutilated, impaired, diminished, falsified, scaled, or lightened -

Shall be fined under this title or imprisoned not more than five
years, or both

Am I the only one who read that as shredded monkey? That was the most horrified I've been of in awhile.

Even cooler...

Nice pit stubble.

JohnnyStreets: Waste. of. time.

Came here to say that. Leaving satisf... Whoa!

dashiznit: Even cooler...

Nice use of the Jacksons.

Choo-Choo Bear: akya: I believe that this is done at the various mint's in the US

Your not two good at grammer.

Me fail english?! That's unpossible!

Truthfully I get lazy and don't proofread as much as I should. My apologies.

What about the coolest money being made out of shredded Levi's?

Persepolis: old_toole: You used to be able to buy a bag of shredded bills and if you could put something together correctly you could cash it in. (well that's what I heard)
I remember seeing one such bag when I was a kid but never tried putting a bill back together.

You don't even need the whole bill, just more than half the bill and the serial number legible.

The Federal Reserve only shreds ones, higher denominations are shredded and burned. Ones have the shortest lifespan, less than a year. So many ones are destroyed that burning them would be too expensive. They are just shredded and shipped to a landfill. Higher denominations last much longer. I think Hundreds last like 30 years on average. Since fewer of them are destroyed and there is a very slim chance they could be reassembled they are shredded and the pieces go straight into a furnace.

Reassembling shredded ones is most likely not a profitable way to spend your time.

dashiznit: Even cooler...

I'll be in my bunk.

I live in a trailer park and find those "crafts" to be cheap and trashy.

utardsRock: meh... rather use it to wipe my arse

Memo to all employees
RE: Bathroom Tissue Dispenser Units (BTDUs) and collection pools.

The Buildings and Grounds people are worried about the waste disposal problems and the potential fire hazard that may ensue if large piles of billions and trillions begin to mount up. Therefore, a key feature of the new regulation is that the donation bucket must be emptied every day -- more often if an excess build-up situation is seen to develop.

In this vein, the B&G people would also like to point out that many of you have excess U.S. currency to get rid of have been trying to kill two birds with one stone by using old billions as bathroom tissue. While creative, this approach has two drawbacks:

1) It clogs the plumbing, and
2) It constitutes defacement of U.S. currency, which is a federal crime.

DON'T DO IT.
Join your office bathroom-tissue pool instead. It's easy, it's hygienic, and it's legal.

Happy Pooling!
Marietta.

/Not a thread jack
//Not obscure, not on your life!

akya: Choo-Choo Bear: akya: I believe that this is done at the various mint's in the US

Your not two good at grammer.

Me fail english?! That's unpossible!

Truthfully I get lazy and don't proofread as much as I should. My apologies.

dude, fark apologies, put your dick in his ear.

The shredded "money" you can buy at the Bureau of Engraving and Printing is not in fact money. It had potential, but was deemed unworthy. Until accepted by the Federal Reserve, it's just pretty paper.

/trivia for the day
//just visited DC a few months ago and have several bags of the shredded "money" to give away to the kids for Christmas

Several years ago the US Treasury put out an RFP for people to come up with ways of recycling shredded money. A company in Minnesota used the shredded cloth (US currency is cloth, not paper) and with some resin, produced a hard, corrian type material. The Minneapolis Police Department has a bench made out of that stuff in one of their holding cells, which means it has to be very durable since there are alot of angry people who use said bench and would like nothing more than to damage something.

Ataturk: Several years ago the US Treasury put out an RFP for people to come up with ways of recycling shredded money. A company in Minnesota used the shredded cloth (US currency is cloth, not paper) and with some resin, produced a hard, corrian type material. The Minneapolis Police Department has a bench made out of that stuff in one of their holding cells, which means it has to be very durable since there are alot of angry people who use said bench and would like nothing more than to damage something.

I'll bet the bench is filled with traces of cocaine.

HK-MP5-SD: Persepolis: old_toole: You used to be able to buy a bag of shredded bills and if you could put something together correctly you could cash it in. (well that's what I heard)
I remember seeing one such bag when I was a kid but never tried putting a bill back together.

You don't even need the whole bill, just more than half the bill and the serial number legible.

The Federal Reserve only shreds ones, higher denominations are shredded and burned. Ones have the shortest lifespan, less than a year. So many ones are destroyed that burning them would be too expensive. They are just shredded and shipped to a landfill. Higher denominations last much longer. I think Hundreds last like 30 years on average. Since fewer of them are destroyed and there is a very slim chance they could be reassembled they are shredded and the pieces go straight into a furnace.

Reassembling shredded ones is most likely not a profitable way to spend your time.

Link (new window)

TMYK.