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Note that this law applies specifically to bills. That crime is punishable by fines and up to 10 years in prison. It's pretty rare for someone to be arrested and charged with defiling or debasing U. Even those penny press machines found at arcades and some seashore attractions are in compliance with the law because they're used to create souvenirs and not to debase or shave metal off the coin for profit or fraud. Perhaps the highest profile case of currency mutilation dates to An year-old U.
Marine named Ronald Lee Foster was convicted of whittling away the edges of pennies and spending the 1 cent coins as dimes in vending machines.
But, more seriously, the conviction prevented him from being able to get a gun license. Foster made national news in when President Barack Obama pardoned him. So why does the government care if you destroy money if it's technically your property anyway?
Because the Federal Reserve has to replace any money taken out of circulation, and it costs anywhere from about 5. That may not be much per bill, but it adds up if everyone starts burning their money. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content.
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Serial Numbers. Services Currency Redemption. Shredded Currency. Press Center Press Releases. About Advanced Counterfeit Deterrence. Office of the Director. Do Business with BEP. Department of the Treasury. Enter Search Term s :. Resources Laws and Regulations. Anyone who manufactures a counterfeit U. Printed reproductions, including photographs of paper currency, checks, bonds, postage stamps, revenue stamps, and securities of the United States and foreign governments except under the conditions previously listed are violations of Title 18, Section of the United States Code.
Black and White Reproductions. Title 18, United States Code, Section permits black and white reproductions of currency and other obligations, provided such reproductions meet the size requirement.
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