How Much of a Bill Can Be Missing

Services Mutilated Currency Redemption The BEP's Mutilated Currency Partitioning provides gratis mutilated currency redemption services for individuals and institutions, such as businesses and financial institutions, in possession of United States mutilated currency notes.  On average, the BEP receives more than 22,000 requests for exam of mutilated currency for possible redemption each yr, with an estimated value in backlog of $35 million. Mutilated currency is currency which has been damaged to the extent that one-half or less of the original note remains, or its condition is such that its value is questionable.  Currency notes tin get mutilated in any number of means.  The most common causes are burn, water, chemicals, and explosives; animal, insect, or rodent damage; and petrification or deterioration past burying. The Director of the BEP has the final authorization with respect to mutilated currency submission redemptions. Lawful holders of mutilated currency may receive a redemption at full value when: (1) Conspicuously more than than 50% of a notation identifiable as U.s. currency is present, along with sufficient remnants of whatsoever relevant security feature; or (ii) 50% or less of a note identifiable as United States currency is present and the method of mutilation and supporting evidence demonstrate to the satisfaction of the BEP that the missing portions have been totally destroyed. No redemption volition be made when: (1) A submission, or any portion thereof, demonstrates a pattern of intentional mutilation or an attempt to defraud the United states of america.  In such instances, the entire submission will be destroyed or retained as evidence. (2) A submission appears to be part of, or intended to further, any criminal scheme.  In such instances, the entire submission volition be destroyed or retained as evidence. (three) A submission contains a material misrepresentation of facts. (4) Fragments and remnants presented are not identifiable as United States currency. (5) Fragments and remnants presented which represent 50% or less of a note are identifiable every bit United States currency but the method of destruction and supporting evidence do not satisfy the Treasury that the missing portion has been totally destroyed. Personal deliveries of mutilated currency are non accepted at this time.

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Source: https://bep.gov/services/currencyredemption.html