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estimated 00 in macerated currency Lincoln Silhouette Macerated Currency.

$ 82.89

Availability: 100 in stock
  • Return shipping will be paid by: Buyer
  • Restocking Fee: No
  • All returns accepted: Returns Accepted
  • Item must be returned within: 14 Days
  • Refund will be given as: Money Back
  • Condition: Lincoln Silhouette Macerated Currency.A President Lincoln silhouette faces right, and there is an eyelet at top center. Dimensions are approximately 3.5 by 6.25 inches. An estimated 00 in macerated currency was used for this product. The mounting is nicely preserved.

    Description

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    PRESIDENT Lincoln Silhouette Macerated Currency.
    A President Lincoln silhouette faces right,
    and there is an eyelet at top center.
    Dimensions are approximately 3.5 by 6.25 inches
    . An estimated 00 in macerated currency was used for this product.
    The mounting is nicely preserved.
    ABOUT MACERATED CURRENCY
    Paper currency did not come into general use until the Civil War.
    An act of Congress in 1862 authorized the Treasury Department
    to come up with a method for destroying old paper notes
    that were no longer fit for circulate.
    Between 1874 and 1942, the Federal Reserve disposed
    of worn-out currency by soaking it into a pulp.
    Enterprising people, who may have been early recyclers,
    discovered that the pulp could be used like
    papier-mache to form shapes.
    Souvenir companies bought macerated paper by the ton
    and the graded greenbacks were reborn.
    The process was discontinued
    when the Federal Reserve started burning old bills.
    Sometimes, the item was labeled
    with how much money was used to make the piece such as,
    "Made of U.S. National Greenbacks
    redeemed and macerated at the U.S. Treasury, estimated ,000."
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