4 ms·

I don't speak Chinese, but the USA sells shredded currency too. Here are their Mutilated Currency Redemption & Shredded Currency Distribution rules. https://ww

by geor9e 3y ago

I don't speak Chinese, but the USA sells shredded currency too. Here are their Mutilated Currency Redemption & Shredded Currency Distribution rules. https://www.bep.gov/services/shredded-currency-distribution#:~:text=The%20recipient%20must%20not%20claim%20the%20value%20of%20the%20shredded%20currency%20enclosed%20in%20a%20product%20as%20having%20a%20monetary%20value%20greater%20than%20the%20weight%20of%20the%20shredded%20currency%20per%20ounce%2C%20or%20fraction%20thereof%2C%20multiplied%20by%20%24165%20per%20ounce https://www.bep.gov/services/shredded-currency-distribution#.... https://www.bep.gov/services/mutilated-currency-redemption#:~:text=A%20submission%2C%20or%20any%20portion%20thereof%2C%20demonstrates%20a%20pattern%20of%20intentional%20mutilation https://www.bep.gov/services/mutilated-currency-redemption#:...

kadoban 3y ago
Interestingly it seems to say you have to agree to all of that, and that if you break it your agreement to use shredded currency may be revoked, but it doesn't make any reference to laws or "we'll come arrest your ass" language. That doesn't mean it's _not_ illegal, but it does tend to confirm my suspicion that nobody has thought to worry about it.
- geor9e 3y ago
  The law they'd arrest you under would just be "conspiracy to defraud the United States" and they'd cite the rules you agreed to
  - kmoser 3y ago
    Nothing in the rules seem to indicate that you're not allowed to reassemble the shredded notes, or that you're not allowed to either use them as currency or request replacement for your "damaged" currency. However, I am not a lawyer but I'd bet a court would rule that the act of shredding the currency was intended to permanently invalidate its use as currency, and any attempt to reverse that shredding via reassembly, combined with an attempt to pass off said reconstituted money as US currency, would constitute fraud. So while the rules don't seem to explicitly say you can't do it, it's implied that you can't.
qingcharles 3y ago
Interesting that they specifically outlaw using it as packing material. I had several hundred thousand dollars of this stuff last year that I intended to use as packing material. I did wonder about the possibility of putting it back together. Sadly it all got burned up in a fire last year.
Kon-Peki 3y ago
Just so everyone is aware, you don’t have to buy shredded US currency. If you go to the museum inside your local (local?) Federal Reserve branch, they give you a bag of it for free. I recommend going, if you’re ever in the vicinity of one. There will be all sorts of rare and obscure currency, plus odd things like stacks of $1,000,000 in various denominations for you to take photos with.

by geor9e 3y ago

kadoban 3y ago

Interestingly it seems to say you have to agree to all of that, and that if you break it your agreement to use shredded currency may be revoked, but it doesn't make any reference to laws or "we'll come arrest your ass" language. That doesn't mean it's _not_ illegal, but it does tend to confirm my suspicion that nobody has thought to worry about it.

geor9e 3y ago
The law they'd arrest you under would just be "conspiracy to defraud the United States" and they'd cite the rules you agreed to
- kmoser 3y ago
  Nothing in the rules seem to indicate that you're not allowed to reassemble the shredded notes, or that you're not allowed to either use them as currency or request replacement for your "damaged" currency. However, I am not a lawyer but I'd bet a court would rule that the act of shredding the currency was intended to permanently invalidate its use as currency, and any attempt to reverse that shredding via reassembly, combined with an attempt to pass off said reconstituted money as US currency, would constitute fraud. So while the rules don't seem to explicitly say you can't do it, it's implied that you can't.

qingcharles 3y ago

Interesting that they specifically outlaw using it as packing material. I had several hundred thousand dollars of this stuff last year that I intended to use as packing material. I did wonder about the possibility of putting it back together. Sadly it all got burned up in a fire last year.

Kon-Peki 3y ago

Just so everyone is aware, you don’t have to buy shredded US currency. If you go to the museum inside your local (local?) Federal Reserve branch, they give you a bag of it for free. I recommend going, if you’re ever in the vicinity of one. There will be all sorts of rare and obscure currency, plus odd things like stacks of $1,000,000 in various denominations for you to take photos with.