How to Cash in Damaged Coins: Locations and Procedures

Learn where to cash in your damaged coins and the steps involved in redeeming them.

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You can cash in damaged coins at your local bank or credit union. The U.S. Mint offers a program to redeem mutilated coins. Visit their website for guidelines on how to submit your coins.

FAQs & Answers

  1. Can I cash in damaged coins at any bank? Not all banks accept damaged coins. It's best to check with your local bank or credit union.
  2. What is the process to redeem mutilated coins? You can visit the U.S. Mint's website for guidelines on how to properly submit mutilated coins for redemption.
  3. Are there fees for cashing in damaged coins? Some financial institutions may charge fees for handling damaged coins, so inquire beforehand.
  4. What type of damage makes coins eligible for redemption? Coins with significant wear, cuts, or alterations are generally eligible, but refer to the U.S. Mint's guidelines for specifics.

Watch More

For more information on handling coins and coins of different conditions, check out our other videos on coin collecting and the services provided by various organizations.

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