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Why is a 20 bill that's ripped in half not be valid if it can be shredded in the US mint?
Wiki User
∙ 11y ago
It can't be shredded by the US Mint because the Mint only deals with coins. The Bureau of Engraving and Printing handles bills.
The Treasury has special provisions for disposing of damaged currency depending on the type of damage. The bills have to be submitted for inspection by Treasury officials.
On the other hand a regular bank doesn't have the same level of expertise. The reason they're not allowed to redeem a bill that's ripped in half is that it would be far too easy for someone to tear a bill into two equal pieces and redeem each one for the full amount. To prevent that kind of fraud, banks are required to have at least 2/3 of a damaged bill including at least one complete serial number.
Wiki User
∙ 11y ago
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