Understanding Mutilated Coins: What You Need to Know

Learn what constitutes a mutilated coin and how to exchange them at banks.

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Mutilated coins are those that are damaged to the extent that they are no longer fit for circulation. This can include coins that are bent, broken, defaced, or have missing parts. Such coins generally need to be exchanged at a bank or authorized facility.

FAQs & Answers

  1. What types of damage classify a coin as mutilated? Mutilated coins may be bent, broken, defaced, or have missing parts.
  2. Can I spend a mutilated coin? No, mutilated coins are not fit for circulation and should be exchanged at a bank.
  3. Where can I exchange mutilated coins? You can exchange mutilated coins at banks or authorized facilities.
  4. What is the process for exchanging damaged coins? Visit your local bank or authorized dealer, and present the mutilated coins for exchange.

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