DOLLAR BILLS ARE ONLY AROUND FOR A WHILE THEN THEY START MAKING NEW ONES, WHAT DO THEY DO WITH THE OLD MONEY? BURN IT? KEEP IT? WHAT?
2006-08-18 04:58:47 · 11 answers · asked by TANNER GIRL 5 in Politics & Government ➔ Government
Bush and Condoleeza roll it up in blunts and smoke it, then they make decisions that affect the Nation under the influence of old money chronic.
Whatever is left is used as TP in the white house.
2006-08-18 05:08:46 · answer #1 · answered by Goddess of Nuts PBUH 4 · 1⤊ 1⤋
The bills are collected by the banks and if they are in bad condition then they are exchanged with the federal banking system for new bills. The old bills find their way back to various federal facilities where they are first shredded and then recycled. There should always be a set amount of bills in circulation... that number should equal the amount in gold in the federal vaults.
Bills deteriate due to usage. Thus you will find more older $100 bills than $1 bills. Coins are the same way although they tend to last longer. Silver coins prior to 1963 where pure silver and after that were a combination of copper sandwiched between two plates of silver. For this reason you will find only a few silver coins prior to 1963 but you'll find many nickels older than that. Pennies had some design changes back in the early 50s and therefore collectors will grab those keeping the older ones from circulating.
Well.. that's probably more than you wanted to know.
Hope this helps!
2006-08-18 05:11:07 · answer #2 · answered by wrkey 5 · 2⤊ 0⤋
Bills that are damaged, ripped or excessively dirty are traded by banks for new ones from the US Mint. The old ones are recycled.
2006-08-18 05:05:04 · answer #3 · answered by cathcoug 3 · 2⤊ 0⤋
They burn the paper, and melt the coins. How'd you like to have the job of burning all that cash!?
2006-08-18 05:04:30 · answer #4 · answered by woodwinman 4 · 1⤊ 0⤋
they shred it. i had a customer work in the federal building. they shred the old worn out bills. he said he couldn't watch
2006-08-18 05:05:27 · answer #5 · answered by BIG DADDY 3 · 1⤊ 0⤋
shred them and recycle the paper to make new money
2006-08-18 05:03:33 · answer #6 · answered by idontkno 7 · 0⤊ 0⤋
Your best bet for a competent answer is to contact LittletonCoin.com They will respond quickly.
2006-08-18 05:17:28 · answer #7 · answered by ? 5 · 0⤊ 1⤋
Good question! I would think that they either sell it to people with collections, or destroy it. i would think that they at least save some of it.
2006-08-18 05:04:29 · answer #8 · answered by um yea hi 4 · 1⤊ 1⤋
since money is rather expensive to make im sure they store it somwhere- or recyle it.
2006-08-18 05:03:49 · answer #9 · answered by cats4ever2k1 5 · 1⤊ 0⤋
shred and burn
2006-08-18 05:05:24 · answer #10 · answered by Jack Kerouac 6 · 1⤊ 0⤋