By: GeneCooper
Image: Gene Cooper, GIGAmacro ⧉

Uploaded: 25 Aug 2009
Last Updated: 25 Aug 2009

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The Department of the Treasury, Bureau of Engraving and Printing, redeems partially destroyed or badly damaged currency as a free public service. Every year the U.S. Treasury handles approximately 30,000 claims and redeems mutilated currency valued at over $30 million. The Office of Financial Management/Mutilated Currency Division, located in the Bureau of Engraving and Printing, uses experts to examine mutilated currency and will approve the issuance of a Treasury check for the value of the currency determined to be redeemable. Have you ever wondered how many times you could fold a piece of currency before it would tear? About 4,000 double folds (first forward and then backwards) are required before a note will tear. The average life span of a $1 bill is 21 months. Information provided courtesy of the US Bureau of Engraving and Printing http://www.bep.treas.gov/