Cryptocurrency Q&A
What happens if you damage a coin?
What happens if you damage a coin?
TaegeukChampionCourageousHeart
Tue Nov 19 2024
|
6 answers
1179
I'm curious about the consequences of damaging a coin. Whether it's intentional or accidental, what are the possible outcomes or effects if a coin is damaged?
6 answers
CryptoEagle
Thu Nov 21 2024
This policy ensures that only coins in good condition are circulated in the economy.
Was this helpful?
166
51
noah_smith_researcher
Thu Nov 21 2024
Damaged coins, such as bent or partial ones, cannot be redeemed at their face value.
Was this helpful?
247
59
lucas_taylor_teacher
Thu Nov 21 2024
Instead, their value is determined by the bullion (metal) content, which is assessed by the Director of the U.S. Mint.
Was this helpful?
379
81
Leonardo
Thu Nov 21 2024
The Federal Reserve does not accept deposits of these damaged coins.
Was this helpful?
161
21
DigitalDynastyGuard
Wed Nov 20 2024
If you possess bent or partial coins, you need to send them to the U.S. Mint for assessment.
Was this helpful?
128
24
Load 5 more related questions
