Exchanging damaged money?

Things change I've changed · 21 Nov 2016 at 15:03

I found this in the woods today while walking the dog,

You can clearly read the serial number on it, part of the note is folded in on itself.

What are the chances I can exchange it at a bank?

Edit - Result

Barham2016 · 21 Nov 2016 at 15:04

Need to be able to see both Serial Numbers.

cheesyboy · 21 Nov 2016 at 15:05

Did you ignore the dead body it belonged to?

Akagi · 21 Nov 2016 at 15:05

Put it in a plastic sleeve with the serial number written on it, go to a bank and ask if they can exchange it I guess. They've exchanged ripped fivers and things for me before, but that is a bit different.

Usually I think they won't replace an incomplete note, but that one has clearly rotted and hasn't been cut into two pieces... YMMV

Things change I've changed · 21 Nov 2016 at 15:06

Barham2016 said:
Need to be able to see both Serial Numbers.

bummer, although maybe bank of England will except it?

http://www.bankofengland.co.uk/banknotes/Pages/damaged_banknotes.aspx#

Father Ted · 21 Nov 2016 at 15:06

Unlikely I would have thought:

"As a general rule, there should be physical evidence of at least half a banknote before payment can be made. If the Bank receives an application where less than half a banknote has been submitted and there is no clear evidence that the corresponding portion of the damaged banknote has been destroyed, it is unlikely that payment will be made."

Link: http://www.bankofengland.co.uk/banknotes/Pages/damaged_banknotes.aspx

Akagi · 21 Nov 2016 at 15:07

I think the condition is evidence enough that the rest of the note has been destroyed.

tom_e · 21 Nov 2016 at 15:09

It's worth a shot and I'd say there's over half of it left there just about.

Father Ted · 21 Nov 2016 at 15:10

At the end of the day there's nothing to be lost by applying, the worst they can say is no.

Things change I've changed · 21 Nov 2016 at 15:12

Father Ted said:
Unlikely I would have thought:

"As a general rule, there should be physical evidence of at least half a banknote before payment can be made. If the Bank receives an application where less than half a banknote has been submitted and there is no clear evidence that the corresponding portion of the damaged banknote has been destroyed, it is unlikely that payment will be made."

Link: http://www.bankofengland.co.uk/banknotes/Pages/damaged_banknotes.aspx

Like I said part of the note is folded in on itself and fused together

bobbyspangles · 21 Nov 2016 at 15:16

I trust once BoE replace it you're going to attempt to find the original owner...

Hyburnate · 21 Nov 2016 at 15:19

Mate it's £20, seriously? :confused:

If this was a £50 note it'd be a bit different

tom_e · 21 Nov 2016 at 15:21

Hyburnate said:
Mate it's £20, seriously? If this was a £50 note it'd be a bit different

£20 for the cost of a stamp and dropping it in a postbox? Sounds like a good return to me.

Hyburnate · 21 Nov 2016 at 15:23

tom_e said:
£20 for the cost of a stamp and dropping it in a postbox? Sounds like a good return to me.

I highly doubt you'll get anything back on that, hopefully OP delivers

tom_e · 21 Nov 2016 at 15:24

It's a better gamble than the lottery at least

Things change I've changed · 21 Nov 2016 at 15:26

Hyburnate said:
Mate it's £20, seriously? If this was a £50 note it'd be a bit different

I already have stamp and envelopes at home, not much work required for a possible free £20 :cool:

Greebo · 21 Nov 2016 at 15:28

Bank won't but Bank of England will

Maundie · 21 Nov 2016 at 15:30

I would say there's a high possibility it will get replaced as you can clearly see it has rotted, give it a go as said the worst is they can say no.

Greebo · 21 Nov 2016 at 15:32

Of course when the serial numbers match that big armed robbery done, expect a visit from the Police! :O

d_brennen · 21 Nov 2016 at 15:34

It's 200 packs of Haribo at the end of the day. Getting those from OCUK would cost an easy 50K