Wa luckycabby , u damn lucky man, to disposed of your torn
notes
Depending of the degree of damage, your "$50
torn but plastered together note"
is only worth S$25.00 at most ... hahaha
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.
Notes of the following description may be defined as mutilated:
Coins may be defined as mutilated or dirty/damaged if they are:
Under Section 19(1) of the Currency Act, no person is entitled to
recover from MAS the value of any mutilated note and coin. MAS is
empowered to award value at its absolute discretion as an act of
grace under Section 19(2). Under Section 19(3), notes and coins
that have been illegally dealt with shall be repossessed by any
officer of MAS when tendered for assessment.
Notes and coins are considered illegally dealt with if they are
impaired, diminished or affected otherwise than by fair wear and
tear. Notes that have been defaced by writing or impressing with
any mark, word, letter or figure or by perforation, cutting,
splitting or in any other manner, are also deemed as illegally
dealt with and command no value.
The guidelines on assessment for and award of mutilated notes are
as follows :
For Portrait Series
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 :
