flyinguy
Hero Member
will the banks buy back the corroded zinc lincs? i have a bunch you can't i.d. and stores look at me like i'm the villiage idiot. I AM. but i still want my 2 cents worth!
zincolns?
- Thread starter flyinguy
- Start date
PBK
Gold Member
- May 25, 2005
- 6,380
- 271
http://www.treas.gov/education/faq/coins/sales.shtml#q4
Question: I have some coins that were damaged and the bank will not redeem them. What can I do with them?
Answer: The Treasury Department has prescribed regulations regarding uncurrent and mutilated coins. Let us explain the difference. Uncurrent coins are whole, but are worn or reduced in weight by natural abrasion. They are easily recognizable as to genuineness and denomination, and they are such that coin sorting and counting machines will accept them. Merchants and commercial banks will generally accept or refuse these coins at their discretion. However, Federal Reserve Banks and branches handle the redemption of uncurrent coins.
Mutilated coins, on the other hand, are coins that are bent, broken, not whole, or fused or melted together. The United States Mint is the only place that handles redemption of mutilated coins, and they should be sent to the Mint at Post Office Box 400, Philadelphia, PA 19106.
Question: What happens to United States coins that are no longer fit for circulation?
Answer: Those coins are classified either as uncurrent or as mutilated. Coins that are chipped, fused, and not machine-countable are considered mutilated. The Mint redeems mutilated coins at the value of their metal content.
Mutilated coins are only redeemable through the United States Mint at:
United States Mint
P.O. Box 400
Philadelphia, PA 19105
(215) 408-0203
Uncurrent coins are worn, but machine-countable, and their genuineness and denomination are still recognizable. Uncurrent coins are replaced with new coins of the same denomination by the Federal Reserve Banks, then forwarded to the United States Mint. All uncurrent or mutilated coins received by the Mint are melted, and the metal is shipped to a fabricator to be recycled in the manufacture of coinage strips.
Question: I have some coins that were damaged and the bank will not redeem them. What can I do with them?
Answer: The Treasury Department has prescribed regulations regarding uncurrent and mutilated coins. Let us explain the difference. Uncurrent coins are whole, but are worn or reduced in weight by natural abrasion. They are easily recognizable as to genuineness and denomination, and they are such that coin sorting and counting machines will accept them. Merchants and commercial banks will generally accept or refuse these coins at their discretion. However, Federal Reserve Banks and branches handle the redemption of uncurrent coins.
Mutilated coins, on the other hand, are coins that are bent, broken, not whole, or fused or melted together. The United States Mint is the only place that handles redemption of mutilated coins, and they should be sent to the Mint at Post Office Box 400, Philadelphia, PA 19106.
Question: What happens to United States coins that are no longer fit for circulation?
Answer: Those coins are classified either as uncurrent or as mutilated. Coins that are chipped, fused, and not machine-countable are considered mutilated. The Mint redeems mutilated coins at the value of their metal content.
Mutilated coins are only redeemable through the United States Mint at:
United States Mint
P.O. Box 400
Philadelphia, PA 19105
(215) 408-0203
Uncurrent coins are worn, but machine-countable, and their genuineness and denomination are still recognizable. Uncurrent coins are replaced with new coins of the same denomination by the Federal Reserve Banks, then forwarded to the United States Mint. All uncurrent or mutilated coins received by the Mint are melted, and the metal is shipped to a fabricator to be recycled in the manufacture of coinage strips.
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