AN estimated 00 in macerated currency HATCHET Washington DC =================

Description

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Hatchet Macerated Currency.
capture the heart strings of admirers of President Washington.
We all know that Washington, as a boy,
chopped down his father's favorite cherry tree with a hatchet.
This macerated currency hatchet is approximately
8.25 inches long with the words "Souvenir of Washington DC"
impressed on the handle and a crude
Capitol Building on the blade face.
The other blade face has an intact label mentioning
that an estimated 00 in macerated currency
went into the production of this item.
The  SHREDDED remains of a white ribbon is also included
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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