![]() In total, there is a total of about $1.5 trillion in U.S. supply of currency notes, the shelf life of each type of bill, and how the whole system works as a whole. Today’s infographic from TitleMax gives a sense of what happens when all of those individual stories are combined together into one large one: the U.S. It’s a pretty interesting tale for such a little piece of paper. The interesting part is that almost every transaction is linked to the one before it, and the series of subsequent transactions for each bill creates a unique, broad story.īy the time a bill is retired, it would have facilitated many hundreds of transactions that enabled everything from the purchase of used cars to the shadier deals in underground markets. If it’s a $1 or $5 bill, it changes hands on average about 110 times per year – and if it’s a $20 bill, it’s more like 75. When you think about it, the journey of each individual currency note is pretty incredible.Īfter being printed or minted, each bill is then passed between people and businesses to facilitate transactions. The date and time you attempted to deposit the damaged currency at the bank or CSL.How Many U.S.If you have problems getting the mutilated notes and coins accepted by the bank or CSL, write in to MAS via the online feedback form with the following details, where applicable: The bank or CSL will credit the assessed value awarded to your bank account. For mutilated coins, you may also deposit them at MAS' appointed Circulation Coin Operator and Manager (CCOM), Certis CISCO Secure Logistics Pte Ltd (CSL). You may deposit mutilated notes or coins at any commercial bank where you have a bank account for assessment of value. What to Do with Mutilated Notes and Coins Note: There is no refund value for coins that are cut, chipped, holed, warped, dented, defaced or dislodged (in the case of Third Series $1 coins). A refund of up to full face value of the original note may be paid, if MAS is satisfied that the method of mutilation and supporting evidence show that the missing portions of the note have been destroyed or will not be awarded any refund value in the future.(In addition, for 1,000 and $10,000 notes) At least five complete digits or letters of both sets of serial numbers should be present before any refund value is assessed.If two or more portions of a note are present, the refund value that may be paid will be assessed based on the sum of the individual portions presented, provided there is no evidence to suggest that the portions are from different notes.More than 1/3, but less than 2/3, of the original currency note is presentġ/3 or less of the original currency note is present In stage 2, the refund value for a mutilated note is assessed based on the portion of the note remaining according to the following guidelines:Īt least 2/3 of the original currency note is present If all the criteria in stage 1 are met, the currency note will proceed to stage 2 assessment. If you have provided supporting evidence about the circumstances leading to the mutilation, the evidence will also be assessed for its reasonableness.There is no evidence to suggest that the note has been wilfully or deliberately damaged. ![]()
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