Cryptocurrency Q&A
What happens if you damage a coin?
What happens if you damage a coin?
TaegeukChampionCourageousHeart
Tue Nov 19 2024
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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.
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noah_smith_researcher
Thu Nov 21 2024
Damaged coins, such as bent or partial ones, cannot be redeemed at their face value.
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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.
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Leonardo
Thu Nov 21 2024
The Federal Reserve does not accept deposits of these damaged coins.
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DigitalDynastyGuard
Wed Nov 20 2024
If you possess bent or partial coins, you need to send them to the U.S. Mint for assessment.
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