Are Uncut Currency Sheets Legal Tender

Starting in December 2019, the U.S. Mint`s online store will offer uncut sheets of $1, $2, $10, $20, $50, and $100. [6] This is not a complicated process for obtaining uncut paper money. Although the Bureau of Engraving and Printing is the only U.S. paper money manufacturer and the U.S. Mint is the only manufacturer of coins in circulation, these uncut sheets of paper can be purchased through the catalog on the U.S. Mint website. Since 1981, the Bureau of Engraving and Printing has been selling entirely uncut sheets of money. Originally, only small denominations of $1 and $2 were available. But now you see denominations of $5, $10 and $20, as well as sheets of 16 $50 bills. The Bureau of Engraving and Printing (BEP) has been selling uncut sheets in US dollars since October 26, 1981. [2] [3] Uncut U.S. paper money issued before this is a rarity.

[4] [5] You can buy any denomination up to $100, except for the $5 hand, which is not offered for any reason. Even $2 sheets are available. The $1 sheets range from 5 single-sheet notes, to 10, 20, 25 and up to 50 single-sheet notes. The $2 sheets range from 4 bills to a sheet of 8, 16 and up to 32. The $10, $20, $50 and $100 bills range from 4, 8 or 16 on a single sheet. Uncut sheets have special serial numbers, higher than the serial numbers used on banknotes in circulation. However, uncut sheets of star notes are usually remnants of regular production series and not special prints for collectors, so star sheets do not use high serial numbers. Written approval from the Head of the Office of Engraving and Printing of the Compliance Office must be given, and ten requirements must be met to purchase large quantities of shredded silver. Some of these requirements are that shredded currency cannot be recycled into printable paper, it cannot be used as confetti or packaging material, it cannot be used in a product that contains food or beverages because of the chemicals in the ink, and it cannot be resold or disposed of without Treasury Department approval, to name a few. Uncut currency sheets are common numismatic collector`s items. They are often sold by issuers as souvenirs.

After cutting, banknotes can usually be used as legal tender; However, the cost of purchasing uncut money sheets is usually higher than the total face value of cut notes. [1] But don`t think you`ll get a good deal if you buy in bulk. $100 sheets with 4 to one sheet are $480, while 16 single-sheet invoices are $1,800. It seems that these uncut sheets of money are intended to be used as works of art, for gifts or as an addition to a silver collection. Selling uncut change is not new to the Bureau of Engraving and Printing. They have been selling these pieces since October 26, 1981. But it`s not the only interesting piece of money you can buy. How about buying a shredded bag of currency? You can purchase a prepackaged novelty souvenir in shredded currency at the office`s visitor centers in Washington DC and Fort Worth, Texas. You can even buy larger amounts of shredded money for use in artistic or commercial endeavors, but this must be done through a Federal Reserve bank.

Sources: US Mint, US Bureau of Engraving and Printing.