Money help: What happens when you rip a dollar bill? - Help.com

… ur screwed? xD

well if u tape it… you can try to give it to someone… it might work…

a dollar is styll a dollar so $$$

not federal if no one calls the cops…

Or you could sell each half for fifty cents

I know that when I was young I was always told by my Dad that if you half a note and bring it in to the post-office, whoever brought in the first half gets the full money. If you bring in both halfs then they just replace it with a new one, I think. I’m pretty sure thats how it works in England.

I think defacing coins is technically illegal: they used to have machines that stretched pennys into cool shapes for you but I think they’re banned now.

This all only applies in the UK, though.

Money these days is worthless. Money is essentially a promise for someone else to change your note into something real, gold. However money is no longer linked to the value of something real so you can’t take your $1 and get a gold bard.

However, everyone has decided that having a $1 means something to them as they can exchange it with someone else who holds it to have value.

And money is not limited to worthless notes. In prison, where the economy is arguably smaller, money takes the form of cigarettes which have an attached value and can be traded for products and services.

I could make my own money and so long as everyone agreed that it was worth something in trade, people would use it. I hope that helps you - it is hard to explain! Sorry!

The government (whichever government it happens to be) needs to know how much money is in circulation. If less money is used or if it is damaged, and everything costs the same amount that means people will struggle to pay for things and the ‘price of bread’ ie the price of the essentials in life will have to go down if people want to buy. But, because people won’t buy them, shop-keepers and producers will get poorer and demand more money for what they’re selling, resulting in a bad economy. Obviously this wouldn’t happen from destroying one dollar, but every little counts.