Mutilated currency is a note that has been damaged to the extent that one-half or less of the note remains, or its value is questionable and special examination by trained experts at the Department of the Treasury or the Bureau of Engraving and Printing (BEP) (Off-site Link) is required before any exchange is made.
Under regulations issued by the Department of the Treasury, mutilated United States currency may be exchanged at face value if:
Any badly soiled, dirty, defaced, disintegrated, limp, torn, or 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, is not considered mutilated and should be included in your normal deposit.
To view examples of Mutilated Currency, review the Visual Reference Guide.
The Federal Reserve DOES NOT accept deposits of mutilated currency. Mutilated currency must be sent directly to the BEP with a letter stating the estimated value of the currency and an explanation of how the currency became mutilated, by Registered Mail, Return Receipt Requested, directly to the following address:
Department of the Treasury
Bureau of Engraving and Printing
Washington, D.C. 20013
You may call the BEP’s toll-free number (866) 575-2361, to obtain information on a Mutilated Currency claim.
If you believe the mutilated currency has also been contaminated such that it may pose a health or safety risk, write the word “Contaminated “ on all internal packaging (not on the outside of the mailing container) and include a description of the contaminant, if known, in your letter to the BEP. For additional non-mutilated contaminated currency depositing information, please refer to the Contaminated Currency section.
Bent and partial coin is coin that has been bent or twisted out of shape, punched, clipped, plugged, fused, or defaced, but that can be identified as to genuineness and denomination. Bent and partial coin is not redeemable at face value; it is redeemable only at its bullion (metal) value as established by the Director of the U.S. Mint.
The Federal Reserve DOES NOT accept deposits of bent and partial coin. Bent and partial coin should be forwarded via 'Registered Mail, Return Receipt Requested' to the address below with documentation of the circumstances:
United States Mint
P.O. Box 400
Philadelphia, PA 19105
If you believe the coin has been contaminated, please refer to the Contaminated Coin section for information on decontaminating the coin. The Federal Reserve does not accept deposits of Contaminated Coin.
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