Home » Services » Redeem Mutilated Currency Services Redeem Damaged Currency Shop Take a Tour How to Submit a Mutilated Currency Claim Privacy Act Statement Services Mutilated Currency Redemption

Until further notice, BEP is suspending the processing of submitted claims. Personal deliveries of mutilated currency are not accepted at this time. Every year the Treasury Department handles approximately 30,000 claims and redeems mutilated currency valued at more than $30 million. The BEP redeems mutilated currency as a free public service because your money is important. What is considered mutilated currency? Mutilated currency is currency which has been severely damaged – to the extent that its value is questionable or security features are missing. Currency can become mutilated in any number of ways. The most common causes are fire, water, chemicals, and explosives; animal, insect, or rodent damage; and petrification or deterioration by burying. What is not considered mutilated currency? 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. Federal Reserve Currency Procedures for Financial Institutions Lawful holders of mutilated currency may receive a redemption at full value when:

Clearly more than 50 percent of a note identifiable as United States currency is present, along with sufficient remnants of any relevant security feature and clearly more than one-half of the original note remains; or,

Fifty percent or less of a note identifiable as United States currency is present and the method of mutilation and supporting evidence demonstrate to the satisfaction of the Treasury that the missing portions have been totally destroyed.

Submit a Mutilated Currency Claim