Do Banks Accept Mutilated Coins? Learn What to Do with Damaged Currency

Discover how banks handle mutilated coins and learn about the U.S. Mint's redemption program for damaged currency.

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Yes, banks do accept mutilated coins. You can usually exchange damaged or uncurrent coins at your local bank or send them to the U.S. Mint's Mutilated Coin Redemption Program. Policies can vary by country, so check with your specific bank to understand their requirements and procedures.

FAQs & Answers

  1. What are mutilated coins? Mutilated coins are damaged or defaced coins that may not be easily recognizable as currency.
  2. How do I redeem damaged coins? You can redeem damaged coins at your local bank or through the U.S. Mint's Mutilated Coin Redemption Program.
  3. Do all banks accept mutilated coins? Policies may vary by bank and location, so it's best to check with your specific bank for their rules.
  4. What should I do if I have a mutilated coin? Visit your local bank or contact the U.S. Mint to understand your options for redemption.

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