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Old Jan 23, 2008 | 05:26 PM
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Originally Posted by supervette77
Who drills through a 1909 S mint penny, how many of those do you ever see?
Methinks Photochop was hard at work drilling out that penny.
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Old Jan 23, 2008 | 05:27 PM
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Originally Posted by jrzvette
You can always reuse those pennies if you still have the old screw-in type fuses in your house. Just remove the fuse that keeps blowing, put the penny in then screw the fuse back in.

(Just remember to remove it before the insurance adjuster comes to inspect the fire damage).


If anyone has ever wondered why the screw-in fuses went the way of the dodo, you've just heard it.
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Old Jan 23, 2008 | 05:29 PM
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You should still be able to use a penny with a hole in it.

If you rip a dollar bill in half, as long as you have the largest 50% you can take it to the bank and they'll give you a new bill. Why not a penny?
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Old Jan 24, 2008 | 12:16 PM
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Well…you can’t say that Bubba didn’t put any money into it
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Old Jan 24, 2008 | 12:28 PM
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Originally Posted by Scottys78
Well…you can’t say that Bubba didn’t put any money into it
Badumpbump.....Thank you, I'll be here all weekend. Try the fish.....
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Old Jan 24, 2008 | 01:34 PM
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Originally Posted by Ron R
You should still be able to use a penny with a hole in it.

If you rip a dollar bill in half, as long as you have the largest 50% you can take it to the bank and they'll give you a new bill. Why not a penny?


DONT BRING IT BY MY BRANCH! my rule of thumb is you have to have both FULL serial numbers! do you know how many "fools" would tear a dollar in half and try to exchange it for 2 dollars here at the charlotte airport??!!

(i think the cleaning crew has a deal with the jail as work release!)

NOT AT MY BRANCH!!!
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Old Jan 24, 2008 | 02:17 PM
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Originally Posted by Davew/75
DONT BRING IT BY MY BRANCH! my rule of thumb is you have to have both FULL serial numbers! do you know how many "fools" would tear a dollar in half and try to exchange it for 2 dollars here at the charlotte airport??!!

(i think the cleaning crew has a deal with the jail as work release!)

NOT AT MY BRANCH!!!
As long as it's more than 50% of the bill, I believe you're required by Federal law to exchange it for a new bill and send it off to the Bureau of Engraving and Printing for replacement. If it's less than or equal to 50% of the bill, you don't have to touch it.

What is not mutilated currency
Any badly soiled, dirty, defaced, disintegrated, limp, torn, worn, out currency note that is CLEARLY MORE than one-half of the original note, and does not require special examination to determine its value. These notes should be exchanged through your local bank and processed by the Federal Reserve Bank.


http://www.bep.treas.gov/section.cfm/8/39

Last edited by Ron R; Jan 24, 2008 at 02:20 PM.
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Old Jan 24, 2008 | 02:28 PM
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Originally Posted by Ron R
As long as it's more than 50% of the bill, I believe you're required by Federal law to exchange it for a new bill and send it off to the Bureau of Engraving and Printing for replacement. If it's less than or equal to 50% of the bill, you don't have to touch it.

What is not mutilated currency
Any badly soiled, dirty, defaced, disintegrated, limp, torn, worn, out currency note that is CLEARLY MORE than one-half of the original note, and does not require special examination to determine its value. These notes should be exchanged through your local bank and processed by the Federal Reserve Bank.


http://www.bep.treas.gov/section.cfm/8/39


Right but like i said, whats stopping someone from tearing 100 bills in half, passing the out around the corner, and then each person comes and cashes them in for $100?

things are different here at my branch. i know we're still under law of the land, but.... dont bring it to my branch unless you want your feelings hurt
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Old Jan 24, 2008 | 02:33 PM
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Originally Posted by Davew/75
Right but like i said, whats stopping someone from tearing 100 bills in half, passing the out around the corner, and then each person comes and cashes them in for $100?
Because only one person could have more than 50% of the bill. The person with less than 50% of the bill gets nothing. If the bills are exactly 50%, neither gets anything - the definition is "clearly more than 50%".
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Old Jan 24, 2008 | 02:46 PM
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Bubba use to live in my basement....




These pennies were glued heads up on the wall-somebody had a lot of time on there hands ....

Richard
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Old Jan 24, 2008 | 03:36 PM
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Originally Posted by Richard454
These pennies were glued heads up on the wall-somebody had a lot of time on there hands ....

Richard

Did you cash them in? How much money was there on that wall in total?
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Old Jan 24, 2008 | 09:58 PM
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Originally Posted by supervette77
Who drills through a 1909 S mint penny, how many of those do you ever see?
Well this one is quite unique.. Gotta be worth at least 1 cent....
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Old Jan 24, 2008 | 10:21 PM
  #33  
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That "wall of pennies" cost only $2.50 per square foot or about $20 per square yard. Hmmmm....Bubba could have put up gold lame for wallpaper at that price. [That would have gone well with the day-glo rendering of Elvis on the black velvet background....]
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Old Jan 25, 2008 | 09:44 AM
  #34  
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Originally Posted by Durango_boy
Did you cash them in? How much money was there on that wall in total?
I still have them in a bucket- one day when I have absolutely nothing to do-I'll go wear out the CoinStar for about what I calculated the worth by square foot-about 250 pennies/foot -so about $180 or 18,000 pennies.

But after this thread -I'm thinking about setting up a drill press and making washers for a nickel a piece!!!

Richard
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Old Jan 25, 2008 | 12:18 PM
  #35  
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Originally Posted by Davew/75
Right but like i said, whats stopping someone from tearing 100 bills in half, passing the out around the corner, and then each person comes and cashes them in for $100?

things are different here at my branch. i know we're still under law of the land, but.... dont bring it to my branch unless you want your feelings hurt
That could end up being an interesting chat with the Federal Reserve...

Originally Posted by Ron R
Because only one person could have more than 50% of the bill. The person with less than 50% of the bill gets nothing. If the bills are exactly 50%, neither gets anything - the definition is "clearly more than 50%".
Only one piece is going to be more than 50% of the bill. The other piece, by definition, is going to be less than 50%. If someone figures out how to tear a bill and get more paper out of it than when they started, let me know...
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Old Jan 25, 2008 | 04:53 PM
  #36  
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And, if people try to get "cute" and tear it exactly in half....THEY GET NOTHING!. Sounds about right to me.
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Old Jan 26, 2008 | 09:23 AM
  #37  
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I wonder if Bubba ran the driil through his hand when he drilled the pennies- maybe there's some dna evidence, and we could have him identified, drawn and quartered!
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Old Feb 4, 2008 | 02:03 PM
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Originally Posted by dbeall1968
I wonder if Bubba ran the driil through his hand when he drilled the pennies- maybe there's some dna evidence, and we could have him identified, drawn and quartered!



I once heard that if you had to have both serial numbers from the dollar bill to take it to the bank ! !..............far be it from me.

7t3 in 10ec
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Old Feb 4, 2008 | 03:15 PM
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About penny washers....

For many years, US pennies have been made out of zinc with a copper overlay. If you drill through a penny, you'll expose the zinc to the atmosphere, water, etc. It'll probably corrode with time. Probably not a good washer, but at least it's cheap. A good grade 8 hardened washer the same size would cost 10 or 15 cents?
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