Infographic on Mutilated Currency

left side of mutilated currency

MUTILATED CURRENCY 101

right side of mutilated currency

MUTILATED CURRENCY 101

Genuine U.S. currency may still be worth its face value even if it becomes damaged. Here is what you need to know about mutilated currency, what mutilated notes might qualify for redemption, and tips on how to submit your request for possible redemption of those notes.

What is a Mutilated Note?

mutilated note that represents 50% or less remaining

50%

or less of the note remains

Value is unclear without investigation by the Bureau of Engraving and Printing (BEP) experts

note with question marks or unclear value

dashed outline of a lock with question mark

Missing security features:

Portrait watermark
Security thread
3D security ribbon (in $100 note)
Color shifting ink (in $50 and $100 notes)

Note May be Damaged, but not Mutilated

Notes that are heavily soiled, worn, or torn are considered “unfit” and don’t qualify as mutilated

currency with large inkblot

You may exchange these notes at your local commercial bank. The BEP does not accept unfit curency for redemption.

Ways Currency Can Become Mutilated

Fire

Water

Chemicals and explosives

Animals, insects, rodents

IMPORTANT: In some situations, currency may be exposed to contaminants that may pose a health hazard or a safety risk. If you believe that your currency qualifies as such, you may be able to deposit it at a commercial bank. Please consult with your local commercial bank branch for further instructions.

Fact Check: Intentional mutilation of currency is illegal under U.S. code and punished by a fine or imprisonment for up to six months, or both.

Handcuffs icon

Fact Check: Intentional mutilation of currency is illegal under U.S. code and punished by a fine or imprisonment for up to six months, or both.

Submit Currency for Examination and Possible Redemption if You Have

MORE
THAN

51%

BEP examiners will look for remnants of security features listed above

LESS
THAN

50%

BEP examiners will require information on the method of mutilation and evidence that the remaining portion was destroyed

How to Redeem Mutilated Currency

icon of mailing envelope

Mail or personally deliver your mutilated note to the BEP. Include a legible letter stating the estimated value, your contact information, and an explanation of how the currency became mutilated.

For reimbursement, provide a bank account and a routing number for a U.S. bank, or payee and mailing address information (to be paid by check).

Each case is carefully examined by a mutilated currency examiner. The BEP Director has the final authority for the settlement of mutilated currency claims.

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