Haddn't thought of it that way! -------- If it had just a little more to it, I could probably get something out of it.
no, even if it had a security thread there isnt enough of the bill. in '81 they didnt have security threads anyways.
Don't listen to bad forum advice ...lol You can take that to the bank and get a new $100 for it. The rules for replacement money state that bills containing more than 50% of the original bill can be exchanged at your local bank branch. It looks like you have 52% of that bill. Congrats. 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.[FONT=verdana, geneva, helvetica]Examples of non-mutilated bills include those that are badly soiled, dirty, defaced, disintegrated, limp, torn or otherwise "worn out." [/FONT]
I took it to 3 different banks and they said they couldn't take it. I do agree with you and even said it to the employees, "it is clearly more than half". I sent an email to the BEP(with link to picture) and hopefully I will get a diffinative answer by Monday. When I get a response I will post it.
i work at a bank and we would never take that bill. our general rule is it has to have at least 3 corners. we would refer them to the closest federal reserve bank. i think they still will not give him the $100, but what the hey give it a try
If it's clearly more than 50%, your bank should exchange it for you. Here's info from the BEP site: http://www.bep.treas.gov/section.cfm/8/39
regardless of what that link says, 99% of banks will not take that bill. you need to contact your local federal reserve bank/money center. i live in south florida and miami is the closet federal reserve bank/money center. just some words of advice from someone who actually works at a bank. gl
What the bank should do according to the BEP and what actually happens are differing from experience. The BEP has their policy, and the banks have theirs, and the banks may leave some latitude for caution in favour of rejecting such items that may end up costing them that amount of money if the BEP or Fed were to reject the item. That doesn't stop banks from handing out counterfeit $100's, I got one last fall from a local branch. The teller had handled the note previously - having bought it from another teller for $20's to have a supply of $100's. So two tellers at least had handled it, and didn't notice the different feel, and Lincoln in the watermark(bleached $5) instead of Franklin. At least I was able to hand it back to the teller on the spot, and since the manager in that branch is a personal friend, reported it to her.
By what I read there, you need to scorch the ripped edge and send it to them to get a new one. Ribbit