OT: Torn $100 bill

Nov 18, 2009 34 Replies

Don't exchange it - deposit it. It's still legal tender, so they HAVE to accept it.

It's innocent play to them. Humans have no excuse.

No they don't:

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As I didn't notice anyone asking you this yet, how did YOU get stuck with it?

Jeff

Obviously he did. Equally obviously, you didn't read the article he cited.

You're mistaken. The about.com page is about mutilated currency, which is not what is involved here. I cited the actual Treasury Web page on that subject, not the about.com spammed-out dilution, but I did read them both. The about.com page is just a noisy derivative of the Treasury info. And as I've said, all this footnote advice about banks redeeming non-mutilated currency is dated, since post-9/11 none of the banks I've sampled cared to help with torn bills, and they're not required to by any regulation.

Your non-constructive pestering is, as always, unwelcome. If you must post, why not try to say something useful?

I swapped a new bill in trade as a favor for someone who was both broke and distressed about the difficulty of spending his last $100. I knew it was a good bill, but I didn't know it would be this much trouble to pass. I thought I would be just taking it to my bank for redemption. This bank definitely wants my business, and we have been associated for over 30 years, but this is just something they don't deal with formally any more.

Now this was 6 months ago when I last tried, and the banks were all very dismal and unhappy places then, with the system in a crisis recovery and employees losing jobs every day there. They seem more cheerful these days, so perhaps I should ask again. It's just such a petty nuisance.

I should add, I tried just buying $100 in postage stamps at the post office with it, but even they apologized and wouldn't accept it. So sad.

when you pay your taxes, send it in as part of the payment

Like I said -- you didn't read it. Had you bothered to read beyond the title, you would have found this, which tells you what to do with NON-mutilated currency:

"According to the Bureau of Engraving and Printing, currency that has not been mutilated can be redeemed at a bank, while truly mutilated bills require special handling.

"Not Mutilated Currency includes any bill that is CLEARLY more than one-half of the original bill, and does not require any special examination or investigation to determine its value. Examples of non-mutilated bills include those that are badly soiled, dirty, defaced, disintegrated, limp, torn or otherwise "worn out."

"These bills should be exchanged through your local bank and processed by the Federal Reserve Bank."

Proving once again that no good deed goes unpunished, Richard.

Jeff

And clearly you didn't read his original post in which he said that he did exactly as you instructed, and the bank said "No thanks."

Oh, I did -- but if he had bothered to read this article beyond the headline, he might have figured out that his bank wasn't supposed to do that, and either complain to the manager, or try a different bank.

Little girl, the problem is not that I didn't complain or try elsewhere.

Too bad you weren't there to bat your eyelashes and swish your petticoats.

Well, Dick, you obviously didn't do enough to take care of the problem. Maybe now that you know how that's supposed to be handled, you'll manage to grow a pair and get it taken care of.

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