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Old 10-24-2006, 11:25 PM   #1
redgtxdi
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Default What can you do with money (dollar bills) that's torn???

I was curious as to what constitutes a dollar bill?? ($1, $10, $100 whatever)

Do you simply have to have "more than half" to be able to acceptingly deposit money at a bank?? (Obviously if they accept your deposit, you're good).



And what about a bill torn in half??

Watching L&O C.I. tonight, I noticed a bit in there about a guy who was paid "half" now & "half" later & it was a $100 bill torn in half. Obviously the guy got both halves, but is it legit??? Can you bring both halves to the bank & claim all $100?? (taped together or otherwise)


????

TIA
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Old 10-24-2006, 11:30 PM   #2
Black88GTA
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Default What can you do with money (dollar bills) that's torn???

I want to know too. I have half a $10 that I don't know what to do with
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Old 10-24-2006, 11:31 PM   #3
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Default What can you do with money (dollar bills) that's torn???

i've taped bills back together before.
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Old 10-24-2006, 11:31 PM   #4
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Default What can you do with money (dollar bills) that's torn???

if you have a complete , but torn bill, you can exchange it at a bank
i don't know about how much of a partial bill you need
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Old 10-24-2006, 11:32 PM   #5
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Default What can you do with money (dollar bills) that's torn???

Quote:

You will be interested to know that the Bureau of Engraving and Printing (BEP), through its Office of Currency Standards, processes all reimbursement for damaged United States currency. They decide the redemption value of torn or otherwise unfit currency by measuring the portions of the notes submitted. Generally, they reimburse the full face value if clearly more than one-half of the original note remains. Currency fragments measuring less than one-half are not redeemable.
from here http://www.treas.gov/education/faq/currency/sales.shtml

I've also heard that most banks take back damaged money and are supposed to exchange it wiht the treasury for new money

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Old 10-24-2006, 11:36 PM   #6
redgtxdi
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Default What can you do with money (dollar bills) that's torn???

Doze,

Thanks. Some very interesting reading on that site.

Sounds like if you've got a bill & it's sometihng a bank doesn't wanna touch, you still have recourse with the treasury.

(Too bad about folks with those "pre 1862" $1,000 notes, eh?? LOL!)
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Old 10-24-2006, 11:37 PM   #7
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Default What can you do with money (dollar bills) that's torn???

Good question
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Old 10-24-2006, 11:42 PM   #8
redgtxdi
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Default What can you do with money (dollar bills) that's torn???

Money is weird isn't it???


Money..............(if you say it enough times it even "sounds" funny. Like toilet.......LMAO!!!)

Toilet, toilet, toilet, toilet. (Sending this thread south even faster than normal now..........ROTFLMAO!!!!)




Actually, I dig money as a medium. I love our older bills like the "woodchopper" bills and "educational" notes, etc. We're getting some color back in our bills now, but they used to be soooooooo much more colorful & beautiful. Almost less like a 'currency' and more like 'art'.


Torn money makes me cry.............
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Old 10-24-2006, 11:44 PM   #9
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Default What can you do with money (dollar bills) that's torn???

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Old 10-24-2006, 11:48 PM   #10
redgtxdi
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Default What can you do with money (dollar bills) that's torn???

Here's a thought that'll make you hurt in a place where...........well..........it'd just hurt........



Imagine accidentally tearing..........THIS!!!!!!!!!!!!!!!!!!!!
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Old 10-24-2006, 11:56 PM   #11
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Default What can you do with money (dollar bills) that's torn???

Tape it together and use it as though nothing was wrong with it.
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Old 10-25-2006, 12:49 AM   #12
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Default What can you do with money (dollar bills) that's torn???

what happens if you tear two singles in half and then tape the oposite halfs together? Are they still legal?
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Old 10-25-2006, 12:54 AM   #13
Mermaidman
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Default What can you do with money (dollar bills) that's torn???

They're worthless. Just mail 'em to me.
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Old 10-25-2006, 01:32 AM   #14
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Default What can you do with money (dollar bills) that's torn???

Ask this guy.
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Old 10-25-2006, 04:24 PM   #15
redgtxdi
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Default What can you do with money (dollar bills) that's torn???

Quote:
Originally posted by: MS Dawn
Ask this guy.
That's hilarious 'cuz I was thinkin' about his name last week on L&O SVU. He guest starred & I remember thinkin'..........(How horrible were his parents.......really?!?! LOL!!!!)
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