my teacher was talking about old worn out currency and where it goes today at school. he says the worn out currency is sent to africa and other poor countries so they can circulate it! i doubt this is true! i always like hearing people talk about something like this, and they don't even know what their talking about. donate the old worn tired bills to poor countries?! thats ridiculous! if they sent them there, there would be a real good possibilty that they would return here. i hear all kinds of weird stuff at school!
In Russia where I was in for a few years, they will not exchange any old bills at any time, especially the 100 dollar bills. The bills must be nearly crisp otherwise they will not bother exchanging.
Worn out US currency is collected at the Federal Reserve Banks and destroyed by cutting it up into little pieces. It is not sent to Africa.
i'd be going crazy if i had a bag of that! i would probaly be looking at every strand, looking for once star notes and the dates on some of those strands. i would cry if i saw a strand with part of the serial number and a star at the end!!!
I live in Kansas City and you can get bags (about as big as a sandwich bag) for free when you go on a tour of the Federal Reserve Bank.
I saw some huge bags of Shredded Currency that looked like it was vacum packed into big rectangles Like 15"x4-6"x36"... They were selling it for insullation for your walls... This was at a local place we called Hoods... Not sure how to describe Hoods, if you don't have one... Its kinda like a Homedepot/Junkyard/Wholesale joint... You can go in an buy tile, cabinets, counter tops, some tools, Huge Water and Oil tanks, Bricks, Siding, etc... You really never know what your gonna find there or what condition it'll be in... You have to dig around to find what you want and make sure its usable... Wow, I ran on just to describe that crappy store... Sorry, I'll close...
We used to sell Christmas wreaths and ornaments made from shredded currency...everything else too. Bags and pillows and everything you can think of. That was fun. Wow Hoods sounds like a cool place! I'll google it to find the nearest one tradernick
I had a teacher too 3 years ago, that was social studies teacher too lol. Well, the way she taught was her answers were the only ones that were right. Hate to say it, but she was very close minded. Interesting the things different people think and believe. I've never heard that before about sending money to poor countries. Phoenix
If you bought that shredded money, and somehow put it back together, I wonder if it would be considered counterfeit...
Assuming that you found all the pieces of the same bill, and arranged them in the proper order, how would you hide the cuts?
Fist of all, you would not have to hide the cuts. As long as you have >50% of one bill, it is good. You can tape it together, but you must show that it is 50% of the same bill. However, they are shredded, not just cut into strips. If you were lucky enough to get just a couple of bills in a packet, you might have a chance. Even than, the odds are that it will be a one dollar bill. My time is worth more than that. However, it is not done one bill at a time, but millions (litterally) at once and then mixed. Have fun trying and good luck!
we wern't saying we were, we were just saying what if? i emagine if you get a bag of bills like that, you could somehow glue the pieces together and spend them in a soda machine or something, but i'm not that stupid and have other better ways to make a buck!
Can you imagine the look on the guys face behind you when you spend 5 minutes trying to shove a dollar into the pop machine, you turn around to him with a bill that has been shreded into 1/8" strips, then taped back together and you say "Do you have a crisp one I could trade you for?"
