Wait! Don't throw away that mutilated Singapore dollar note or coin!

We earn it, we spend it and we save it.

Money, money and more money makes the world go round. But does your world collapse if your physical currency notes and coins are mutilated by accident?

Worry not because unknown to many people, your mutilated notes or coins can have some value IF the following guidelines are followed as issued by the Monetary Authority of Singapore.

So if you have any mutilated notes, remember, the important thing is whether the serial numbers can be seen. If you are fortunate, you may get half, if not full value in return!

Be well and prosper.

Refund for Mutilated Notes & Coins

(source: http://http://www.mas.gov.sg/currency/currency_info/Refund_for_Mutilated_Notes_Coins.html)

Mutilated notes and coins command no value. The award of value for any mutilated note and coin is an act of grace under the Currency Act. Mutilated notes and coins may be exchanged at any branch of the commercial banks in Singapore.

The banks are empowered to assess and give value to the mutilated notes and coins in accordance with the Board's guidelines.

The guidelines on assessment and award of mutilated notes are as follows :
(For Portrait Series)

1. There are 2 sets of 9 serial number. Eg. OAA123456. Every number or letter is counted as one for the Portrait series. There must be at least 5 full numbers/letters before each set of serial number is considered as half value. Eg. OAA12 is half value. OAA I is no value.
2. No value for intentionally scratched Kinegram.
3. No value for wilful removal of Kinegram.
4. No value for wilful disfigurement of the Portrait.
5. No value for specimen notes (the serial numbers of specimen notes are printed in red)

(For Orchid, Bird and Ship Series Notes)
Generally, if the notes have not been illegally tampered with, they are given full value if both sets of serial numbers are intact and half value if only one set of serial numbers is intact. The serial number is considered to be intact if at least four out of the seven digits appear in full. The prefix is to be treated as one digit.

The assessment for dirty and damaged coins shall be :

1. No value for cut, chipped or holed coins.
2. No value for warped or dented coins.
3. No value for defaced or split coins.