Daniel1381
Full Member
Glad my wife works at a bank..I just brush the dirt off and send it with her
The last time I took rolled coins to the bank branch in the supermarket the teller told me she'd take them this time, however next time take them to the main branch (close by) and use the coin counter in the lobby. I don't know if the counter will take the tarnished coins or not, anybody know?
I took in $40 worth of clad today and the bank said that this was the last time. They told me that the government considers them mutilated and will not except them. The counter will count them with no problem but they do not shine like they are supposed to. It looks like coin star for me.
Mutilated coin is coin that has been bent or twisted out of shape, punched, clipped, plugged, fused, or defaced, but that can be identified as to genuineness and denomination. Mutilated coin is not redeemable at face value; it is redeemable only at its bullion (metal) value as established by the Director of the U.S. Mint.
AND, you got a free toaster!
Possible bully alert on the banks part:
I do not see discolored due to weathering but I guess they can refuse any transactions they want for any reason they deem appropriate regardless of it being a good reason. Banks irritate me sometimes.
http://www.frbservices.org/operations/currency/mutilated_currency_and_coin.html
Why? It's legal tender.
Mutilated coin is coin that has been bent or twisted out of shape, punched, clipped, plugged, fused, or defaced, but that can be identified as to genuineness and denomination. Mutilated coin is not redeemable at face value; it is redeemable only at its bullion (metal) value as established by the Director of the U.S. Mint.
The Federal Reserve DOES NOT accept deposits of mutilated coin. Mutilated coin should be forwarded via 'Registered Mail, Return Receipt Requested' to the address below with documentation of the circumstances:
United States Mint
Independence Mall
P.O. Box 400
Philadelphia, PA 19105
Too bad they don't offer Wal-mart credits. That would be like cash, since that is where I buy groceries. No Kroger here.
Guess if we can trash banks, it's all right to say wal-mart is parasite on the U.S. economy.
Wouldn't step in one.
I quote myself...
"I hope you don't think all the money you saved shopping at walmart will ever buy your way out of hell for shopping there!!"
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LMAO! Speaking of which. Did you ever notice what they changed their trademark to?