Hey, I was just wondering if anyone has ever turned in mutilated/damaged US coins and if this website information is accurate? https://coins.thefuntimesguide.com/us-mint-damaged-coins/ Thanks for your time.
My bank trades coin for coin all mutilated coins I take them. They turn them in by the pound to the Fed.
I noted that the address in your link is not the same address as the addresses provided by the US Mint on their website. Maybe its a scam. Any damaged money with silver content would surely be worth a lot more than $20/pound. Chris
Old information, you will note toward the end of the article they mention that due to fakes being submitted from Chins they have temporarily suspended the program. That was two years ago. Since then the firm that was sending in the fakes has been paid off, but the program suspension continues.
I have the opportunity to buy damaged US coins at half face value. If I were to buy them, would I be able ich o turn them in somewhere? Should I pass?
If the mint redemption program is ever restarted you would make out well. If they don't then all you have is scrap metal that you overpaid for.
Haha. This is one that I definitely should’ve listened on. The ones I bought near exchange that were “good” were all pretty much water damaged and gave me a lot of trouble at turn in. Here’s what’s left. Can’t get rid of these here, most are heat damaged... @SchwaVB57
Wow they look like all the damaged coins that are posted here on CoinTalk! With questions such as "what kind of error is this?" and.. "How much is this worth?" and.. "Should I get this graded?"
Haha, so very true. Out of curiosity, how do you think they all got heat damaged? Left too long in the drying machine that spins and sorts them?
