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Mutilated currency is a term used by the United States Bureau of Engraving and Printing (BEP) and the Bank of Canada to describe currency which is damaged to the point where it is difficult to determine the value of the currency, or where it is not clear that at least half of the note is present. Common causes of damage are fire, water damage ...
This did occur occasionally with United States (and before that American colonial) coinage in the 17th, 18th, and 19th centuries. In the 20th century, fewer errors on foreign planchets are discovered but they still occur when the U.S. Mint is contracted by foreign governments to produce coinage for them, and can hold a high value.
At US military bases overseas, AAFES rounds up or down to the nearest one-twentieth denomination of currency. [45] However, many nations still use coins of similar or smaller value to the United States cent. In some cases, while the nominal value of the coin may be smaller than that of a US cent, the purchasing power may be higher:
Before 1990, all US coin dies were subject to mint mark errors resulting from the preparation of the dies. The mint mark was hammered into the die manually sometimes causing a die to have a doubling. In the minting process this would create a series of coins with a distinct of slight doubling of the mint mark.
The Mutilated Coin Redemption Program is a program of the United States Mint that allows holders of damaged United States coins to exchange them for usable money . Some clients redeem large quantities (tons) of coins that are recovered from scrapping, vehicle recycling, and car shredding operations overseas.
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Mount Vernon with eagle. Designer. Elizabeth Jones. Design date. 1982. The George Washington 250th Anniversary half dollar is a commemorative coin that was issued by the United States Mint in 1982 to commemorate the 250th anniversary of the birth of George Washington. The coin was authorized by Pub. L. 97–104.
Die deterioration doubling appears most often around the mintmark and date because they are alone in the field. When it occurs in other features, like an image of a bust, it looks more like a weak strike than doubling. Close examination of affected features show that the doubling is extremely irregular.