What to do with damaged dollar bills!

exchange damaged dollar bills

Here’s a typical scenario: a raging inferno gutted your bedroom. Sure you were smart enough to have taken out an insurance policy against fire damage, but didn’t tell the insurance company about that money you had under the mattress! Now all that is left are badly charred dollar bills!

You went to the nearest bank, they just laughed at ya! Oh the humiliation!

But did you know that you can salvage badly damaged currency for cold, hard cash? The US government runs an obscure department called the US Bureau of Engraving and Printing where they exchange badly mutilated currency for crisp bills!

Whether you bring in badly burnt bills or brittle bills from buried treasure or water damaged money from sunken chests, they’ll gladly replace it for you. And it is free! (I, for one, can’t wait for all digital currency!)

Here’s where you submit your claim:

Bureau of Engraving and Printing
Room 344A
P.O. Box 37048
Washington, D. C. 20013

But don’t abuse this service. If the bill simply has soy sauce stain (or if it doesn’t require special examination to determine value), you should exchange it at your nearest big bank for free. After all you did bail them out!

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6 thoughts on “What to do with damaged dollar bills!

  1. Thanks for the tip. I loved your ending by the way: “After all, you did bail them out!” Ha-ha!
    .-= Jessica07´s last blog ..ROTH vs Traditional IRAs =-.

  2. I had no idea Moneycone! I will definitely keep this in mind. My son was all upset the other day because he got a dollar bill that had what looked like blood on it and he refused to touch it! (I would just exchange that at the bank though!)
    .-= Everyday Tips´s last blog ..Cooking Tips – Including Help For Making Gravy =-.

  3. Thanks Jessica, you are too kind!

    @Kris, exchange the bill for one of those new dollar coins!

  4. I heard of this, I think you have to have more than 50% of the damaged paper money to get it switch out.

    I guess that makes sense or else people would be trying to get 2 dollars for 1 dollar :)
    .-= Money Reasons´s last blog ..ALWAYS READ THE SMALL PRINT =-.

  5. Interesting stuff! This is one of those seemingly obscure tidbits of information that one might not ever need, but it’s good to know just in case. Thanks for sharing!

  6. What to do with damaged dollar bills! http://bte.tc/fnB3 #RTW

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