BANKS NOT CONSISTANT WITH FEDERAL RESERVE RULES!

[koinmon]

A week ago I got cash out an ATM at local convenience store. One of the bills was missing about a third of the bill. It had a complete serial number on the left side and two letters and four numbers on the right. Bill was crisp and otherwise undamaged. No stores or LOCAL BANKS would take it! Federal reserve web site says if note is more than half it can be exchanged and redeemed by the Federal Reserve. The banks said their policy is the note MUST have BOTH serial #'s complete. Finally was able to get the bank that operated the ATM "in a larger town" to exchange it after a little discussion. WHAT DO TOU THINK

[willbrooks]

Cool. Did you take pictures? Did you look into trying to sell it as an error before exchanging it?

[koinmon]

No to both questions. But did cost me about $12. bucks in gas and 2 hours of my time to get my $20. replaced!

[makecents]

No to both questions. But did cost me about $12. bucks in gas and 2 hours of my time to get my $20. replaced!

I think you are misunderstanding the questions or you gave us too little information to reply in a correct way. Was it damaged, post mint, ripped after mintage or an error? If an error, you wasted much time and what was a loss of money x2, it could have actually been turned into a profit, if an actual error. You must think outside the box and not worry so much about typical, given, parameters of any government or controlling entity .

[koinmon]

This bill was torn at some point. Not an error. I was a currency collector for many years; if there was a profit to be made I would have been all over it! lol