I don't know that and don't take it as a fact.
The federal reserve bank destroys literally tons of worn out money every year. My washing machine doesn't do tons but it eats a dollar or so left in pants pockets every week - does that mean I am committing a crime?
2006-11-08 14:21:39
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answer #1
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answered by Rich Z 7
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I think Joe has it covered. If you want to burn your money have at it. If more people would do that it would lower the inflation rate. But then Hezbolla would just print some more.
2006-11-08 14:26:26
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answer #2
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answered by Roadkill 6
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(Found on Google Answers)
Tthe only criminal statute regulating the
destruction or defacement of U.S. currency requires fraudulent intent.
The statute itself is broader than simply banning the fraudulent
modification or attempt to pass defaced currency:
------------------------------...
Title 18 United States Code, Section 331
Whoever fraudulently alters, defaces, mutilates, impairs, diminishes,
falsifies, scales, or lightens any of the coins coined at the mints of
the United States, or any foreign coins which are by law made current
or are in actual use or circulation as money within the United States;
or
Whoever fraudulently possesses, passes, utters, publishes, or sells,
or attempts to pass, utter, publish, or sell, or brings into the
United States, any such coin, knowing the same to be altered, defaced,
mutilated, impaired, diminished, falsified, scaled, or lightened -
Shall be fined under this title or imprisoned not more than five
years, or both
------------------------------...
This statute can be found online on Cornell Law School's Legal
Information Institute website:
http://www4.law.cornell.edu/uscode/18/33...
The statute is also available on the website of the United States Mint
(where they emphasize the word "fraudulently".
http://www.usmint.gov/consumer/18usc331....
There are, however, intellectual property factors which must also be
considered, if the currency is modified instead of being destroyed.
The United States Mint owns, by assignment, the design of several
commemorative designs. The statute authorizing this ownership by
assignment, 17 USC 105, is also found on Cornell Law School's Legal
Information Institute website:
http://www4.law.cornell.edu/uscode/17/10...
An official summary of the law governing the alteration, destruction,
or use of United States currency in advertising, may be found on the
United States Mint website's Business Awareness section:
http://www.usmint.gov/consumer/index.cfm...
Research strategy:
I started by looking up the statute on Cornell Law School's Legal
Information Institute website, Title 18 (Crimes and Criminal
Procedure), search term "mutilated coins":
http://www4.law.cornell.edu/uscode/18/...
I then searched Google for the specific statute, "18 USC 331" ("USC"
being the standard abbreviation of "United States Code"):
http://www.google.com/search?q=%2218+usc...
I verified the results through a subscription service, Westlaw, using
the United States Code library (This is a paid site. You can purchase
a subscription, or access its databases on a fee per search basis):
http://www.westlaw.com
2006-11-08 14:20:41
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answer #3
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answered by joe 2
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you want proof, grab some cash, find a cop, burn said cash, you get laughed at by said cop and more than likely charged. Proof enough for ya?
2006-11-08 14:28:19
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answer #5
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answered by exaluva 3
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