nuggethunter13
New member
I have wondered after a year of coin shooting how I would rid myself of all the mostly damaged coins I was finding. My brother in law told me how he sent damaged coins to the treasury and they sent him back a check. I thought he was pulling my leg until tonight. I was reading a post in this forum originally posted by "hotrod53" on Nov. 26. In that post I read the great efforts people are going to while trying to unload their damaged coins. It made me take the time to research what I had been told. This is what I want to share.
Coins that are "mutilated," meaning chipped and not machine readable, can be redeemed through the U.S. Mint. "Uncurrent" coins, which are damaged but still machine countable, can be redeemed at Federal Reserve Banks. Mutilated coins sent to the U.S. Mint are melted down to make coinage strips.
QUESTIONS AND ANSWERS ABOUT
UNCURRENT AND MUTILATED COINS
1) What is the difference between Uncurrent and Mutilated coins?
UNCURRENT: U.S. coins which are merely worn or reduced in weight by natural abrasion, yet are readily and clearly recognizable and machine countable, are classified as Uncurrent coins.
MUTILATED: All coins that are bent, broken, corroded, not whole, melted together and not machine countable, are classified as Mutilated coins.
2) Where do I redeem Uncurrent coins?
Uncurrent coins are redeemable at Federal Reserve Banks and their branches at face value. (This includes silver coins).
3) Where do I redeem Mutilated coins?
Mutilated coins are redeemable at:
United States Mint
ATTN: Coin Redemption Section
P.O. Box 400 (for Post Office shipments only)
151 N. Independence Mall East
Philadelphia, PA 19106
You can mail them through the U.S. Post Office, Federal Express, UPS, etc. You can also deliver in person to the loading dock located between Race and Arch Streets on 4th Street. Receiving hours are 6:00AM to 1:00PM, Monday through Friday.
ALL PERSONS DELIVERING COINS TO THE UNITED STATES MINT MUST SCHEDULE A DROP-OFF DATE AND BE CLEARED BY MINT SECURITY AT LEAST 24 HOURS IN ADVANCE. PLEASE CALL (215) 408-0203 FOR MORE INFORMATION.
4) What information must I supply with my coins?
Name, address, telephone number, and SSN or TIN.
Note: As required by 31 USC 3325(b) and Treasury instructions, a Taxpayer Identification Number (TIN) or Social Security Number (SSN) must be provided for all individuals and entities in order to receive government payment.
5) Are there any mutilated coins that the United States Mint will not redeem?
The following will not be redeemed by the United States Mint:
a) Fused material unrecognizable as U.S. currency.
b) Foreign coins.
c) Counterfeit coins and slugs.
d) Altered coins, changed to pass as another denomination. Coins or lumps of coins, which contain lead, solder or other substances, which would make them unsuitable for use as coinage metal.
e) Precious coins (gold or silver).
Note: There is a minimum of 1LB or .45KG per denomination or separated alloy that can be accepted for redemption. Any underweight coin will not be processed for redemption and all shipping expenses and risk involved with the mutilated coins shipped to the Mint will be incurred by the shipper.
6) Do I have to separate the coins, pennies from nickels, etc?
Yes. Each coin must be separated by Alloy.
7) How will I be paid for these mutilated coins?
You will receive a check for your coins or direct deposit to your bank account if you complete a SF-3881, ACH Vendor/Miscellaneous payment enrollment form.
Denomination Category: Rate per Kg. / Lbs.
a) Cents, both copper and copper zinc. $3.21 $1.46
b) Nickels $9.99 $4.54
c) Clad coins (dimes, quarters, halves) $44.09 $20.00
d) Dollar (Susan B. Anthony, Golden Dollar) $123.46 $56.00
How long do I have to wait for payment?
It is estimated that you will receive payment within 6 to 8 weeks from the time the coins arrive at the United States Mint.
9) Can I call the United States Mint to check on my coin shipment?
Primary number to call is (215) 408-0203
Secondary number is (215) 408-0201
THE FOLLOWING TABLE WILL GIVE YOU AN IDEA OF COIN WEIGHTS
DENOMINATIONS PIECES PER POUND
.1 BRONZE 146
.1 ZINC 181
.5 91
.10 200
.25 80
.50 40
1.00 IKE 20
1.00 SBA 56
1.00 GOLDEN DOLLAR 56
COINS NEED TO BE SEPARATED AND BE A POUND OR MORE
Pennies must be separated.
Nickels must be separated.
Dimes, quarters, half dollars and Ike dollars do not have to be separated. Golden Dollar coins need to be separated.
The following is a link to Federal Reserve banks that accept "Uncurrent Coins with addresses.
http://www.law.cornell.edu/cfr/text/31/100/17
Note is paragraph 7 that if you want to use direct deposit with the U.S. Mint you must fill out a SF-3881, ACH Vendor/Miscellaneous payment enrollment form and send it with the coins. This is a link to that form. http://www.fms.treas.gov/pdf/3881.pdf
Good luck to you all. Maybe add your success or failure stories while trying to redeem your coins so we can all learn from each other's efforts. Good hunting all !!!!!!
Coins that are "mutilated," meaning chipped and not machine readable, can be redeemed through the U.S. Mint. "Uncurrent" coins, which are damaged but still machine countable, can be redeemed at Federal Reserve Banks. Mutilated coins sent to the U.S. Mint are melted down to make coinage strips.
QUESTIONS AND ANSWERS ABOUT
UNCURRENT AND MUTILATED COINS
1) What is the difference between Uncurrent and Mutilated coins?
UNCURRENT: U.S. coins which are merely worn or reduced in weight by natural abrasion, yet are readily and clearly recognizable and machine countable, are classified as Uncurrent coins.
MUTILATED: All coins that are bent, broken, corroded, not whole, melted together and not machine countable, are classified as Mutilated coins.
2) Where do I redeem Uncurrent coins?
Uncurrent coins are redeemable at Federal Reserve Banks and their branches at face value. (This includes silver coins).
3) Where do I redeem Mutilated coins?
Mutilated coins are redeemable at:
United States Mint
ATTN: Coin Redemption Section
P.O. Box 400 (for Post Office shipments only)
151 N. Independence Mall East
Philadelphia, PA 19106
You can mail them through the U.S. Post Office, Federal Express, UPS, etc. You can also deliver in person to the loading dock located between Race and Arch Streets on 4th Street. Receiving hours are 6:00AM to 1:00PM, Monday through Friday.
ALL PERSONS DELIVERING COINS TO THE UNITED STATES MINT MUST SCHEDULE A DROP-OFF DATE AND BE CLEARED BY MINT SECURITY AT LEAST 24 HOURS IN ADVANCE. PLEASE CALL (215) 408-0203 FOR MORE INFORMATION.
4) What information must I supply with my coins?
Name, address, telephone number, and SSN or TIN.
Note: As required by 31 USC 3325(b) and Treasury instructions, a Taxpayer Identification Number (TIN) or Social Security Number (SSN) must be provided for all individuals and entities in order to receive government payment.
5) Are there any mutilated coins that the United States Mint will not redeem?
The following will not be redeemed by the United States Mint:
a) Fused material unrecognizable as U.S. currency.
b) Foreign coins.
c) Counterfeit coins and slugs.
d) Altered coins, changed to pass as another denomination. Coins or lumps of coins, which contain lead, solder or other substances, which would make them unsuitable for use as coinage metal.
e) Precious coins (gold or silver).
Note: There is a minimum of 1LB or .45KG per denomination or separated alloy that can be accepted for redemption. Any underweight coin will not be processed for redemption and all shipping expenses and risk involved with the mutilated coins shipped to the Mint will be incurred by the shipper.
6) Do I have to separate the coins, pennies from nickels, etc?
Yes. Each coin must be separated by Alloy.
7) How will I be paid for these mutilated coins?
You will receive a check for your coins or direct deposit to your bank account if you complete a SF-3881, ACH Vendor/Miscellaneous payment enrollment form.
Denomination Category: Rate per Kg. / Lbs.
a) Cents, both copper and copper zinc. $3.21 $1.46
b) Nickels $9.99 $4.54
c) Clad coins (dimes, quarters, halves) $44.09 $20.00
d) Dollar (Susan B. Anthony, Golden Dollar) $123.46 $56.00
How long do I have to wait for payment? It is estimated that you will receive payment within 6 to 8 weeks from the time the coins arrive at the United States Mint.
9) Can I call the United States Mint to check on my coin shipment?
Primary number to call is (215) 408-0203
Secondary number is (215) 408-0201
THE FOLLOWING TABLE WILL GIVE YOU AN IDEA OF COIN WEIGHTS
DENOMINATIONS PIECES PER POUND
.1 BRONZE 146
.1 ZINC 181
.5 91
.10 200
.25 80
.50 40
1.00 IKE 20
1.00 SBA 56
1.00 GOLDEN DOLLAR 56
COINS NEED TO BE SEPARATED AND BE A POUND OR MORE
Pennies must be separated.
Nickels must be separated.
Dimes, quarters, half dollars and Ike dollars do not have to be separated. Golden Dollar coins need to be separated.
The following is a link to Federal Reserve banks that accept "Uncurrent Coins with addresses.
http://www.law.cornell.edu/cfr/text/31/100/17
Note is paragraph 7 that if you want to use direct deposit with the U.S. Mint you must fill out a SF-3881, ACH Vendor/Miscellaneous payment enrollment form and send it with the coins. This is a link to that form. http://www.fms.treas.gov/pdf/3881.pdf
Good luck to you all. Maybe add your success or failure stories while trying to redeem your coins so we can all learn from each other's efforts. Good hunting all !!!!!!
