Where can I exchange my mutilated (damaged) coins?

Under the Singapore Currency Act, mutilated coins command no value. However, MAS may, out of goodwill, award value to mutilated coins provided there is no evidence suggesting that they have been deliberately mutilated.

You can take your mutilated (damaged) coins to any commercial bank in Singapore where you have a bank account or deposit them at MAS' appointed Circulation Coin Operator and Manager (CCOM), Certis CISCO Secure Logistics Pte Ltd (CSL) .

The bank or CSL will assess and award value according to the Monetary Authority of Singapore's guidelines.

If the bank or CSL has assessed that your damaged coins are genuine and were not wilfully or deliberately damaged, the assessed value will be credited directly into your bank account.

If the bank is unable to assess the value, the mutilated coins will be sent to CSL for assessment. After CSL has assessed value, the assessed value will be credited to your bank account.