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Destroyed, Burnt, Mutilated Cash - Get It Back!

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Services for Real Estate Pros with Immediate Home Solutions

Bureau of EngravementBureau of Engraving and Printing

U.S. Department of the Treasury

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Have you ever torn a $1 dollar bill or higher and then hoped for the best that someone would take that taped up, mutilated bill and cash it for you?  Well, you’re not alone.

Each and every year the Bureau of Engraving and Printing handles for the U.S. Treasury handles more than 30,000 claims of partially destroyed or badly damaged money free of charge.  That’s right, I said F-R-E-E.

Damaged Money

What are the most common causes of money that gets mutilated?

The most common causes are fire, water, chemicals, explosives; animal, insect or rodent damage; and petrification or deterioration by burying.

These monies must also require special examination to determine its value. 

  • As long as 51% of a note or more is retrievable and can be proved
  • 50% of a note is identifiable as U.S. Currency and is present and the missing portions have been totally destroyed

 

Under special regulations issued by the Department of the Treasury, mutilated U.S. currency may be exchanged as facevalue.



\On average, the U.S. Treasury redeems over $30 million a year and issues checks from the Treasury to those who send in the damaged cash.

 

This money is not put back in circulation… after these professional jigsaw puzzlers get through with it, the burn it all.

For more details on this and how to turn in your old money, go tohttp://moneyfactory.gov/damagedcurrencyclaim.html

Posted by

With Enthusiasm,

Jeffrey M. Richman

 

Amy Ransdell
Southeastern Realty Group - Kennesaw, GA
Atlanta Short Sale~Short Sale Daily News

Hmmmm - how interesting.  Thanks for sharing that tidbit!

Nov 09, 2010 01:27 AM