Does the Treasury Department ever take old currency out of circulation?



  1. 0 Votes

    Yes, when it gets damaged they remove bills or run-over coins.  They are also removing the older bill designs which were easier for counterfeiters to replicate.

  2. 0 Votes

    When bills get torn or too unsightly, it gets held aside by banks and shipped off to the Federal Reserve.  I once had a dog that ate most of my cash, but conveniently left the last 1/4 end of the bill.  I sent it in, and after a few months they sent me a check to replace it.  They do investigations and chemical tests to verify dog saliva or whatever the situation may be. 

    When the bank sends their damaged money away, they don’t go through the same intensive process since replacement isn’t an issue.

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