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Uncut Currency

usmint.gov

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Re: Uncut Currency

#11

Post by neilv »

Steve Wozniak (the Apple cofounder) famously bought sheets of $2 bills, and had a printer perforate and gum them into pads.

So he could literally tear off $2 bills, in front of people who might not even know it was real currency, to pay them.

https://web.archive.org/web/20180311084811/http://archive.wo...

Re: Uncut Currency

#13

Post by buryat »

Aloha wrote: post #7
buryat wrote: post #5

Earlier quoted context omitted.

You cannot join multiple bank notes into a single sheet of paper, that's why it's valued more than separate bank notes.

I mean thats how're they're printed as large sheets - these are just uncut.

yes, but the only place where to buy the sheets of $2 bills is at the US Mint so they can set any price. It's another form of Seignorage https://en.wikipedia.org/wiki/Seigniorage, where the government gets to keep the difference between the cost of producing these coins and/or notes and keeps the difference as this money is unlikely to be back in circulation. Same thing happened with the 50 states collectible 25c, it's estimated that the US got $6B because people remove them from circulation.

Re: Uncut Currency

#14

Post by buryat »

ziofill wrote: post #3

Would it be legal to use a sheet like that as currency?

It's not considered legal tender since it's not a note, it doesn't have to be accepted. The cut out notes don't have to be accepted either as it's difficult to determine the authenticity of the sheet itself.

Re: Uncut Currency

#15

Post by skunkworker »

neilv wrote: post #11

Steve Wozniak (the Apple cofounder) famously bought sheets of $2 bills, and had a printer perforate and gum them into pads. So he could literally tear off $2 bills, in front of people who might not even know it was real currency, to pay them. https://web.archive.org/web/20180311084811/http://archive.wo...

Some banks also do this. I’ve gotten a wad of $2 bills from a local branch of a major bank before.

Re: Uncut Currency

#16

Post by achow »

neilv wrote: post #11

Steve Wozniak (the Apple cofounder) famously bought sheets of $2 bills, and had a printer perforate and gum them into pads. So he could literally tear off $2 bills, in front of people who might not even know it was real currency, to pay them. https://web.archive.org/web/20180311084811/http://archive.wo...

The video where he is showcasing it..

https://www.instagram.com/reel/DDHTkowSkUM/

Re: Uncut Currency

#18

Post by golem14 »

percentcer wrote: post #2

Why do these sell for so much more than the value of the note?

You can sign up to be on the waiting list for a lucky Panda $2 note, with a nice red envelope and a serial number starting with '888'.

I mean, it's a nice gesture, and maybe annoying the heck out of certain Presidents.

The price for this $2 note + red envelope is >$10.

Re: Uncut Currency

#19

Post by buryat »

neilv wrote: post #11

Steve Wozniak (the Apple cofounder) famously bought sheets of $2 bills, and had a printer perforate and gum them into pads. So he could literally tear off $2 bills, in front of people who might not even know it was real currency, to pay them. https://web.archive.org/web/20180311084811/http://archive.wo...

In the video interview https://www.youtube.com/watch?v=LJ1TIYxm1vM he never demonstrates how he tears them apart after mentioning that they're perforated. To me, it all looks like a 4x1 sheet of $2 bills that you can buy off the US mint. The video interview all sounds like a joke, and he says at some point "No, no it's all a joke". Unless it's a deposition, it's all based on trusting his character and given his latest speaker appearances, I have doubts about his character.
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