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Learn how to redeem mutilated U.S. currency with the Bureau of Engraving and Printing’s free service. Find details on eligibility, steps, and requirements.
What Is Mutilated Currency and Why Does It Matter?
Mutilated currency refers to damaged U.S. currency that is either unrecognizable, reduced to less than half of its original form, or questionable in value. The Bureau of Engraving and Printing (BEP) estimates handling over 22,000 cases annually, involving more than $35 million in mutilated notes. Accidents like fires, floods, chemical exposure, and pest damage commonly result in such cases, making the BEP’s redemption service vital for recovering value.
The Bureau of Engraving and Printing’s Redemption Service
The BEP provides a free mutilated currency redemption service for individuals and institutions like banks and businesses. This ensures that lawful holders of damaged currency can recover the full value of their money if certain criteria are met.
Eligibility for Redemption
Currency is eligible for redemption under the following circumstances:
- More than 50% of the note remains identifiable as U.S. currency, with visible security features like watermarks or color-shifting ink.
- Less than 50% remains, but the BEP is satisfied the missing portion is destroyed and there is no evidence of fraud.
When Redemption Is Denied
Redemption is denied if:
- Intentional mutilation or fraud is detected.
- The fragments presented are not identifiable as U.S. currency.
- Evidence supporting total destruction is insufficient.
Submissions involving criminal schemes or material misrepresentation will be destroyed or retained as evidence.
How to Submit Mutilated Currency for Redemption
Whether you’re mailing your currency or delivering it in person, a complete and signed BEP Form 5283 is required.
In-Person Delivery
In-person submissions can be made at the Washington, D.C., facility:
- Location: Bureau of Engraving and Printing, Annex Building, Room 344A, 14th and C Streets SW.
- Hours: Monday–Friday (excluding federal holidays), 8:00 a.m.–11:30 a.m. and 12:30 p.m.–2:00 p.m.
Arrive through the visitor entrance on the Department of Agriculture side of 14th Street SW and check in at the security station.
Mailing Instructions
Mail your submission, along with Form 5283, to the same address above. Securely package the currency to prevent further damage.
Step-by-Step Process for Redeeming Mutilated Currency
- Assess the Damage: Determine if the note retains more than 50% or if it meets the BEP’s requirements for destroyed portions.
- Complete BEP Form 5283: Include all necessary details and certifications to avoid delays.
- Prepare Your Submission: Package fragments carefully for shipping or bring them to the BEP facility during business hours.
- Follow Up: Once the BEP examines your submission, they will contact you regarding eligibility and the redemption amount.
Key Guidelines and Important Notices
- Closures: The Mutilated Currency Division is closed on federal holidays. Be aware of additional closures, such as November 28 and 29.
- No Partial Submissions: Ensure all required documentation is complete, as incomplete submissions risk delays or rejection.
Why This Service Matters
The BEP’s mutilated currency redemption service is crucial for individuals and businesses facing unexpected financial losses. By offering a structured process for evaluating and reimbursing damaged currency, the service provides peace of mind and restores economic stability to those affected.
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