DAMAGED COINS

Discussion in 'Coin Chat' started by Chip Kirkpatrick, Feb 12, 2019.

  1. Chip Kirkpatrick

    Chip Kirkpatrick Active Member

    Ok I have over $100 worth of damaged coins found while metal detecting. Those hit by lawnmowers, intentionally damaged or changed and of course the “ stinking’ Lincoln’s “ with their propensity to pit and deteriorate.

    So what can be done with them ( besides lining the driveway with them) with regards to cashing them with the Federal Reserve? I’ve been told the FE will only give scrap value for them and I’ve been told they will exchange for equal value, like they do for damaged paper currency.

    I’ve looked at their web site and it doesn’t help a bit. Anybody know?
     
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  3. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    I don't know. I've personally found only one use for that stuff that's too damaged to roll up or put in the CoinStar machine:

    [​IMG]

    Of course it's not cost-effective to send the stuff in if you've just got small quantities, as has usually been the case with my own detecting finds, but since you say you have $100+ ... maybe. Unfortunately I don't know the answer to your question about where and how to redeem them, of if in fact you really can.
     
  4. paddyman98

    paddyman98 No Common Cents! Supporter

    No.. Forget it

    The symbol for Copper is actually CU.. Not FE
     
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  5. Treashunt

    Treashunt The Other Frank

    sneak them into other rolls and deposit them to your bank.
    That's what I do
     
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  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    Your local bank should take them as long as they can be recognized. Otherwise hammer the bent ones flat and roll them.
     
  7. TylerH

    TylerH Well-Known Member

    Go to a craft store and buy some clear resin, then make a paper weight out of them. Useful and a fun reminder
     
  8. Conder101

    Conder101 Numismatist

    The US Mint has a program for redeeming damaged/mutilated coins. They had to suspend it for a couple years because the Chinese counterfeiters were abusing the program by making fake half dollars, mutilating them and then getting the Mint to redeem them for face value. But the program was reinstated last year. Here is where you go to get information about the rules and how to go about redeeming the coins.

    https://www.usmint.gov/news/consumer-alerts/mutilated-coin-program

    4 posts to go
     
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