1 Shredded Money US Currency Gag Gift Stocking Stuffer

Detail:

Shredded Money US Currency Gag Gift Stocking Stuffer

4" x 3" poly bag



About the shredded money:

The Bureau of Engraving and Printing (BEP) destroys currency notes that are found to be imperfect during the printing process. The BEP packages small bags of shredded currency from the destroyed new currency, and sells these bags as mementos to visitors at the BEP's Washington , DC and Fort Worth , TX Visitor Centers.

The Federal Reserve System destroys worn currency notes at some of its various banks located throughout the country. Shredded currency is available only from certain Federal Reserve Banks. They sell it only under contract to buyers who will purchase the entire residue for at least a one year period. It is not readily available for distribution or for sale in small quantities to individuals because of operational difficulties and excessive administrative work for Federal Reserve Banks.

The Treasury Department approves the use of shredded currency in certain circumstances. One permitted use is recycling it (mixing it with other materials) to form a useful manufactured product such as roofing shingles or insulation. In addition, the shredded currency may be placed in firmly sealed containers as novelty items like pens, ornaments and jewelry. However, the Treasury will allow companies or other parties to sell the shredded currency in its original form or where it is readily not recoverable.

The U.S. Treasury Department oversees that old and worn out or mutilated bills are destroyed. This process accounts for every note. The movie is fun, but the situation that is presented would have about a 0% chance of being done in real life. These notes are to say the least highly scrutinized from the moment they arrive at the various institutions until they are shredded or otherwise destroyed.