If you manage to pop out the middle part of a toonie… how does that work as far as ‘is it still currency’ goes?
As a child I tried very hard to do that but never managed. I dont think it’s actually possible without hand-tools and at that point I’d imagine you’d be mangling the whole thing. I’d imagine stores wouldn’t accept it but I’d guess banks would still replace it for you based on the 51% rule
I had heard a Canadian acquaintance I once had say that it can be done by cycling it through fairly extreme heat and cold, the metals expand and contract at different rates, so eventually, they disconnect, or can be popped out with a whack of a mallet.
I’ve not myself personally tried this, so… no clue how well that would actually work.
In Canada a note is still valid as long as it’s got at least 51% of the total area still remaining. No idea about the US but I assume it’s similar
You are correct, see my other comment.
However, there is a very significant difference between USD and CAD currency:
… We don’t have any currency with such adorable names as ‘loonie’ or ‘toonie’, lol.
… … If you manage to pop out the middle part of a toonie… how does that work as far as ‘is it still currency’ goes?
As a child I tried very hard to do that but never managed. I dont think it’s actually possible without hand-tools and at that point I’d imagine you’d be mangling the whole thing. I’d imagine stores wouldn’t accept it but I’d guess banks would still replace it for you based on the 51% rule
I had heard a Canadian acquaintance I once had say that it can be done by cycling it through fairly extreme heat and cold, the metals expand and contract at different rates, so eventually, they disconnect, or can be popped out with a whack of a mallet.
I’ve not myself personally tried this, so… no clue how well that would actually work.
Another significant difference - while illegal to do this to USD in the US, it is NOT illegal to do this to CAD in CA.
Unsure how law would respond to doing it to USD in CA or CAD in US. :think:
I think that’s the case here too. But there is “valid” and there is “yeah we won’t accept damaged bills”