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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?
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.
What else can I help you with?
How long is a bill of sale valid?
It is ALWAYS valid. If you purchased something, the bill of sale is proof of that.
Who replaces ripped bills?
The bank replaces any ripped bills, but there has to be atleast 2/3 pf the bill left when you replace it.
How much of a ripped dollar bill do you need to have to get a new one?
51 %
Can a ripped 50 dollar bill be replaced?
Most stores accept ripped money as long as it is taped up and the serial numbers can still be read clearly.
Is the president still pursuing the bill?
yes, because thats their right to pursue the rh bill. and thats all thank you. you can yuor answerif u want.
Is there any 500000 Turkish lira bill still valid?
turkish 5000000 still valid or not?
Is shredded money worth anything?
Shredded money can have value, especially if it's a significant portion of a bill. The U.S. Bureau of Engraving and Printing states that if more than half of a bill is intact, it can be exchanged for its full value. However, if the bill is less than half, its value is determined by the amount of recognizable currency, and collectors might also pay for unique or rare shreds. In general, shredded money is not considered legal tender but can still be worth something depending on the circumstances.
Who was a black cowboy during the reconstruction era?
HE was a very ripped man named Bill Pickett.
Which one of the Rock n' Roll expresses nose got ripped off?
Bill Cosby
Assume that these two statements are true All Mots are nice Bill is a Mot The statement Bill is Nice is?
It is valid to conclude that Bill is nice since the first statement indicates that all Mots are nice, and Bill is identified as a Mot in the second statement.
You only have half a ten dollar bill what can you do with it?
If you mean a ten dollar bill ripped in half than absolutely nothing. No place would accept it.
What kind of money is shredded?
Shredded money typically refers to currency that has been damaged or destroyed, often by the U.S. Bureau of Engraving and Printing or other governments' agencies. Such currency is shredded to prevent it from being reused or counterfeited. Individuals who accidentally damage their money can often exchange it for new currency, provided that a significant portion of the bill is intact. The shredded money is usually recycled or destroyed completely.
