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What Can You Do If Your U.S. Money Gets Mangled?



Today's episode is brought to you by the capital one venture card the capital one venture card you earn unlimited double miles on every purchase everyday and you can use those miles toward travel expenses like flights hotels the rental cars and more just book and pay for your travel using your venture card and redeemer miles toward the cost capital one. What's in your wallet. Credit approval required capital one bank u._s._a. N._a. Welcome to brainstorm production of iheartradio. Hey brain stuff. Lauren vogel bomb here. Let's say you get a little forgetful and leave your day planner with tickets to a baseball game in two hundred dollars in cash on the roof of your car and that they plan are just happens to fall fall off at a railroad crossing. Everything gets mangled when the four oh five freight train goes barreling through the crossing the baseball tickets are gone. The planner is a lost cause and all that's left. The cash is a chewed up twenty dollar bill. You can't possibly use it. Can you or can you most damaged u._s. Cash whether it's shredded by a train damaged in a flood or even if your dog eats it is covered through the u._s. department of treasury's bureau of engraving and printing or b._p. And specifically gli their mutilated currency redemption service but it takes a lot for a bank note to be considered mutilated bills that are dirty limp defaced torn or in other words more than one half intact. Don't go far enough the b._p. Defines mutilated currency as bills that have been quote severely damaged to the the extent that its value is questionable or security features are missing that means a twenty dollar bill from our railroad example is simply torn. It's no problem get out the tape even spend way but let's say you find a cache of cash buried in your yard. I mean that happens all the time right. The bills have deteriorated to the point that security thirty features such as the watermarks color shifting ink security thread or three d security ribbon are no longer visible or have been destroyed now. Things are a little more complicated implicated in cases like this again. This happens all the time right. You'd have to submit what's called a mutilated currency claim to the ep. It's basically a letter describing how the currency got damaged. You'd include. It's estimated value and other contact information including your banking information. You also need to send the money to the ep where they will examine it. This process can take anywhere from six months to three years depending on how complicated the case and how damaged currency the treasury department has guidelines on its website about how to package up the cash for shipping but in general you'll need to send it in the exact same condition. You found it if the currency was flat. Keep it that way if it was a role. Don't try to straighten it. One caveat defaced coins shouldn't be sent with paper currency coins go to the u._s. investment for evaluation and are not redeemable for cash value only the value of the metal. So how much can you get back for your damaged cash. That depends on what the b._p. Examiner fines treasury department regulations state the u._s. Currency can be exchanged for full value. If more than fifty percent of the bill is identifiable viable as u._s. Currency and enough of any relevant security features remain or if fifty percent or less of the bill is present and treasury examiners are convinced that the missing portions have been destroyed the u._s. treasury department handles about thirty thousand mutilated currency claims annually valued at more than thirty million dollars. The most common causes for damaged currency are fire water exposure to chemicals and explosives damage from rodents animals or insects and deterioration or petra fixation from barrio. Today's episode by patty rassmussen and produced by tyler claim brainstorm is production of iheartradio's stuff works for more on this must of other topics visit our home planet. How stuff works dot com and from podcast from iheart radio is iheartradio app apple podcasts or wherever you listen to your favorite shows and we're back at the ron burgundy podcast season do baby the pressure team. What win do i brush my teeth. Whenever what else does on holidays and sometimes i forget. I'm not perfect smell of your breath breath. The smell of rare steak aged whiskey no carolina that doesn't bother me. Listen to the ron burgundy podcast on on apple podcasts or on the iheartradio app or wherever you find your podcasts.

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