Visit www.secretservice.gov for additional information. United States coins and currency (including Federal Reserve notes and circulating notes of Federal Reserve Banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts.
Illegal: full-sized, full color, double-sided copies of U.S. currency. ... After the reproduction is complete, the things used to make it, such as photographs, computer files, photographic negatives and digital media, must be destroyed or erased.
The simple reason is that US currency is only legal tender for debts. It is illegal to refuse legal tender for a debt. ... There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services.
Currency Procedures
Under regulations issued by the Department of the Treasury, mutilated United States currency may be exchanged at face value if: More than 50% of a note identifiable as United States currency is present.
Private currencies are units of value issued by a private organization (such as a corporation or nonprofit enterprise) to act as an alternative to a national or fiat currency, which would otherwise be the standard unit of value in a country. As a result, these are not legal tender.
You physically cannot photocopy or Photoshop money thanks to an 'incredibly secretive and effective' security system. You shouldn't ever try to copy money. ... Because counterfeiting is highly illegal, a photocopier will refuse to copy a bill, and Photoshop will reject the image.
“We went straight for the banknotes.” (Don't try this at home – the photocopying of banknotes, in the UK and in other countries, is illegal).
The original $1,000 bill featured Alexander Hamilton on the front. When someone presumably realized that it might be confusing to have the same former Secretary of the Treasury on multiple denominations, Hamilton was replaced with that of another president—the 22nd and the 24th, Grover Cleveland.
" U.S. TREASURY LAW STATES IT IS UNLAWFUL TO REFUSE LEGAL TENDER ANY BUSINESS CAN ALSO BE REPORTED FOR REFUSING CASH AND REPRIMANDED!" ... There is no federal law prohibiting businesses from going cashless, however, some states have passed laws requiring businesses to accept cash.
The U.S. stopped printing the $1,000 bill and larger denominations by 1946, but these bills continued circulating until the Federal Reserve decided to recall them in 1969, Forgue said.
Any paper currency of the United States has total value if it is 51% or more of the original bill, and has no value if it 50% or less of the original bill. If your half a twenty-dollar bill is actually half (or less) it's worth nothing, but if it's more than half it's worth twenty-dollars.
A store doesn't “have” to accept any bill. Many stores do not accept $50s and $100s, and this is perfectly legal. If a store rejects your taped together bill, give them one that isn't taped, or take your business elsewhere. Banks, however, generally do have to take it, if they can verify that it is still legal tender.
Yes, U.S. currency of any denomination is "legal tender FOR ALL DEBTS, public and private." But when you go into a store you (normally) don't owe them anything. In that case, it's more like a barter transaction: Your currency for their soda. Meaning that they can refuse to take "your currency."
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