Q:

Can torn dollar bills be exchanged?

A:

Quick Answer

As of September 2014, torn dollar bills can be exchanged at any bank as long as more than one-half of the bill is still intact. If this is not the case, then the bill must be examined by the Bureau of Engraving and Printing.

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Can torn dollar bills be exchanged?
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Full Answer

It is necessary to note a bill's approximate worth when sending it to the Bureau of Engraving and Printing. The bureau also requires a letter explaining how it was damaged. The damaged bill should be left in its original container, such as a purse or a box, to prevent further damage to the bill and help the investigator make a decision.

The U.S. Mint handles matters relating to damaged coins.

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