Yes, It’s Legal!
Many people assume that it’s illegal to stamp or write on paper currency, but they’re wrong!
You CANNOT burn, shred, or destroy currency, rendering it unfit for circulation.
Is defacing money illegal?
With that, you could conclude that yes it is, in fact, illegal to “mutilate, cut, deface, disfigure, or perforate, or unite or cement together” any bank bill, draft, note or evidence of debt by a national or federal entity. So, is it illegal to deface American currency? The answer is YES and NO.
What is the penalty for defacing money?
If you’re convicted of defacing U.S. bills or coins, you can face fines, jail time, or both. For bills, the maximum fine is $100 and the maximum jail sentence is six months. For coins, the jail sentence can be up to five years. To be convicted, you must have the intent to defraud someone.
Is possession of counterfeit money illegal?
Using counterfeit money, even unkowingly, is illegal. But, a court will only charge someone with fraud if it is proven that the individual consciously tried to pass fake money off as real currency. It is important to report any counterfeit bills that come into your possession to the police or your bank.