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Do US Dollar bills expire

Updated: 9/13/2023
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8y ago

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No, they will remain a valid currency. In over a century, the only time the US ever withdrew any paper money occurred in 1933 when the country went off the gold standard and a form of paper money called gold certificates had to be exchanged for other bills. Technically all forms of paper money can still be spent but

(a) most people wouldn't recognize anything older than 20 or 30 years and

(b) a lot of older bills are worth more as collectibles than their face value

However, paper money does wear out. When a bank receives a worn bill it's returned to the Federal Reserve system. Money deposited with a Federal Reserve Bank will be evaluated for quality and will be replaced if they do not meet strict standards. As of 2015, $1 and $5 bills have the shortest lifespans (4 to 5 years, depending on the source cited) while $100 bills are in circulation the longest (about 15 years).

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