estimated ,000 macerated paper money Washington Monument Macerated Currency

Description

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Washington Monument Macerated Currency Post-1908.
This Washington Monument is approximately five inches tall.
The white/gray color informs us of a post-1908 construction.
A complete large label that is partially loose
runs vertically up the side of this macerated currency item.
An estimated 00 went into the manufacture of this Washington, DC souvenir.
The name and address of a former owner is penned in blue ink on the bottom.
Washington Monument Macerated Currency POST-1908
macerated currency item is a collectors delight
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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