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  • (curious music)

  • If you have money that's been damaged in a fire,

  • in a flood, that's been eaten by insects or animals,

  • we'll evaluate and determine how much is there

  • and reimburse you for it.

  • (curious music)

  • My name is Eric Walsh, I'm the assistant manager

  • at the Mutilated Currency Division.

  • Every year, the Mutilated Currency Division

  • receives about 23,000 cases, people will send money

  • that's been somehow damaged,

  • and we reimburse, annually, about 40 million dollars.

  • It's a free service the government provides

  • that we pay dollar in dollar out.

  • We require 51 percent of the note present to pay on it

  • and that just protects us

  • from paying twice on the same note.

  • Once we determine the amount,

  • we will send a treasury check for what we discover.

  • We're pretty low-tech here,

  • so the tools of the trade are scissors, knives, scalpels,

  • glue and tape, and maybe a pair of tweezers.

  • The most challenging cases are usually cases that

  • the money has gotten wet and sat for long periods of times,

  • and it'll actually petrify and be solid as a brick.

  • A lot of it is "the dog ate my money."

  • We get hundreds of those cases a year.

  • A lot of people

  • will hide their money in the oven and forget about it,

  • or they'll get it wet and put it in the microwave

  • and that will ignite the currency.

  • Our most infamous case took place in the '80s,

  • and what happened was a farmer lost his wallet in a field

  • and discovered that his cow had eaten it,

  • and we always encourage the submitter

  • to send in the package as it is;

  • and the farmer sent in the cow's stomach,

  • which we were able to retrieve the wallet from

  • and reimburse the farmer his currency.

  • Our office consists of just under 20 people,

  • and we have 12 people

  • that examine and process the submissions,

  • and they do roughly between

  • 1,000 and 2,000 claims each year.

  • We do get an increased amount of cases

  • after a natural disaster.

  • Over the past year between the hurricanes

  • and wildfires out in California,

  • we've reimbursed over two million dollars.

  • We're called upon when a lot of people hit their low point,

  • so any relief that you could provide someone

  • after they lost all their money in a flood

  • or after their house burned down is very rewarding.

  • Hopefully we're a service that you will never need to use,

  • but in case something does happen, we're here for you.

(curious music)

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B1 US GreatBigStory currency farmer division wallet flood

Mutilated Money? This Place Will Give You a Fresh Stack

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    HsiangLanLee posted on 2018/07/04
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