Backyard cash stash rediscovered – but what's it worth?

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Backyard cash stash rediscovered – but what's it worth?

By The Nation

 

Photo Courtesy of https://www.facebook.com/khaosanbanhao/

 

An elderly Sakhon Nakhon woman digging for galanga root in her backyard this week came across a small fortune in banknotes she’d buried long ago – but she’s going to need patience and a sympathetic bank manager to regain their value.

 

The woman, who was not named, had forgotten where in the garden she’d buried the cash for safekeeping. Only when digging up roots to use in the kitchen did she stumble on the stash.

 

However, the banknotes are in poor condition.

 

The discovery was reported on the Khaosan Banhao Facebook page, whose administrators offered a glimpse of what the woman can expect.

 

They posted information gleaned from the Currency Act 1958 indicating that some of the recovered notes would by now be deemed “imperfect”.

 

These include any note divided vertically at or near the centre, any “mismatched” note that’s been created out of two or more separate notes, and any mutilated or defaced note with parts missing or with text or numbering rendered illegible. 

 

Section 19 of the act authorises the Bank of Thailand to allow the exchange of imperfect notes within limits set out in Ministerial Regulations. 

 

A half note could be redeemed for half its face value. A mismatched note of only two pieces, each the same model and value, could fetch full face value. Mutilated or defaced notes could also be redeemed for full value as long as they’re at least half intact and the value is recognisable. 

 

It’s even possible to redeem banknotes that have at least three of five segments intact, but for notes in worse condition than that, a formal “currency exchange request” has to be submitted.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30321722

 

-- © Copyright The Nation 2017-07-25

[tracker1]

Good luck ! The bank would not except oxidized coins I took in !

[Moonmoon]

What the Bank Manager would do, only accept part of the notes that are working well, the rest which are not; MAKE A CLAIM HIMSELF INTO HIS OWN POCKETS.

[ezzra]

And what ever monies she'll get out of it she should urgently spend it on

some memory improvement  medicines.....

Edited July 25, 2017 by ezzra

[ChrisY1]

The system will seize these "assets".....

[quadperfect]

Like she really forgot.

She would have dug up the whole neighborhood.

Some other idiot burried it and she just now found it.

Finders keepers

[ben2talk]

There really is no substitute for intelligence.

[natway09]

Dependent on the worth best to take to the Central Mint.

they will check for authenticity & payout

[hansnl]

In Holland the most likely visitor would be the tax office asking if she ever declared owning the stash, and then claiming 52%

[Muhendis]

It could be that some may fall into the realm of collectable and be worth considerably more than their face value.

 

If she were to wash the scruffier notes would that count as money laundering........... 

[PomPolo]

Poor old girl - I say they are just tight if they dont redeem every single note.  My nana used to do daft stuff like that and forget where she put stuff as she was losing her marbles bless her