Has anybody ever done this?
One site that explains the process, https://m.wikihow.com/Get-Damaged-Currency-Replaced

Of course the major problem I see is getting the original money to be replaced...legally seems to be a requirement!

A bank will replace your damaged currency as long as you have more than half of it.

Yes I've used that twice.

While treasure hunting in Lake Washington I found a money clip that had deteriorated bills under the clip. All that was left was an inch of the bills and 3 security strips $10, $20, $20.

I mailed it to the Treasury, they verified it was real at one time and they sent me $50 back. I mailed it in July and got check a month later- But mine was easy to identify.

In 2009 I mailed the pieces Registered Mail to:
Dept. of the Treasury
Office of Currency Standards
P.O. Box 37048
Washinton, DC
20013

This message has been edited. Last edited by: braillediver,

Unless you have a large amount, just about any bank will replace or will take in as a deposit. In my business we deposit torn/worn bills all the time never a problem. Chris

Sock eating Golden would be your go to guy on this.

Once, when I was working as a restaurant manager, I came across a very odd looking $10 bill. It was in good shape but just weird. I called the local FBI office, thinking it might have been counterfeit, and they sent an agent RIGHT OUT, like within 15 min. !

It turned that it ws real, but such an old design that it should have been taken out of circulation decades ago. HE CONFISCATED IT!
Probably a mistake to call them at all. I should have kept it and researched it myself.

quote:

Originally posted by Crom:
Once, when I was working as a restaurant manager, I came across a very odd looking $10 bill. It was in good shape but just weird. I called the local FBI office, thinking it might have been counterfeit, and they sent an agent RIGHT OUT, like within 15 min. !

It turned that it ws real, but such an old design that it should have been taken out of circulation decades ago. HE CONFISCATED IT!
Probably a mistake to call them at all. I should have kept it and researched it myself.

I wonder if he took it to a bank and exchanged it for a current bill.

quote:

Originally posted by Crom:
Once, when I was working as a restaurant manager, I came across a very odd looking $10 bill. It was in good shape but just weird. I called the local FBI office, thinking it might have been counterfeit, and they sent an agent RIGHT OUT, like within 15 min. !

It turned that it ws real, but such an old design that it should have been taken out of circulation decades ago. HE CONFISCATED IT!
Probably a mistake to call them at all. I should have kept it and researched it myself.

So it was legal currency, just an old design, and the FBI agent confiscated it! Did you get a receipt, or reimbursement? That is theft! I think I would have called either the FBI office or secret service, who handles counterfeit money, reported the theft along with the agents name and badge number. What if the $10 bill, had a monetary value that was significantly more than $10, and the agent profited from it? As we are now finding out the FBI does strange things with the law. I want to add that my two previous dealings with the FBI were above board and they were very helpful and above board but the quoted Incident sounds to me like theft.

quote:

What if the $10 bill, had a monetary value that was significantly more than $10, and the agent profited from it?

We had that happen locally. If you were arrested a local police department would take your cash and deposit it in the bank for safe keeping (don't know if there was an amount, or if they did it for all cash). When you were released they would give you a check in the amount you had on you.

A local guy carried a $1,000 bill with him for good luck. He was arrested, given a $1,000 check in lieu of his more valuable collectible, and the $1,000 bill was later discovered adorning the desk of the police chief.

Sometimes cash is worth more than face value. Just because it is old doesn't mean it "has to be removed from circulation". It is still legal tender if somebody is foolish enough to spend it. What you may find is that it was stolen during a burglary and spent as cash by the thieves who had no idea it was actually a collectible.

quote:

Originally posted by walkinghorse:
So it was legal currency, just an old design, and the FBI agent confiscated it! Did you get a receipt, or reimbursement? That is theft!

I was young and naive at the time. I just accepted the Agent's word and surrendered it.
And I am not sure, in my faded memory, if it was the FBI or Secret Service. But I had called them, so I knew it was a real agent.

quote:

Originally posted by Crom:

quote:

Originally posted by walkinghorse:
So it was legal currency, just an old design, and the FBI agent confiscated it! Did you get a receipt, or reimbursement? That is theft!

I was young and naive at the time. I just accepted the Agent's word and surrendered it.
And I am not sure, in my faded memory, if it was the FBI or Secret Service. But I had called them, so I knew it was a real agent.

Wonder if it was a gold standard bill. In 1933 FDR forced people to turn their gold in. The Lindbergh kidnapper was caught when he used some of the ransum money that was in gold notes.

quote:

Originally posted by clubleaf206:
Sock eating Golden would be your go to guy on this.

That was a shitty situation!!!