Statistics on Paper Money Destruction

Discussion in 'Paper Money' started by Fifty, Sep 6, 2011.

  1. Fifty

    Fifty Master Roll Searcher

    To all you note collectors, how can you ever really know how many of a paticular note are in existance. The Fed destroys worn out bills or bills that are non-current that make their way to a commercial bank and get turned in. For example a 1990 $20 bill may not be a low printing many could have been destoryed. I would suspect there are tons of old $100 bills hidden away and forgotten by drug dealers. More than 2/3 of US currency isn't even within the US borders!
     
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  3. camlov2

    camlov2 Member

    There is no way to find out how many of a particular note still exist. With regard to rare/older bills you can look at numbers of graded notes or a census (national currency) to get a rough idea.

    Where did you find this stat? I am interested in reading more about that.
     
  4. lettow

    lettow Senior Member

    The same way coin collectors know how many Morgan dollars have not been melted.
     
  5. tbudwiser

    tbudwiser Active Member

    +1
     
  6. tbudwiser

    tbudwiser Active Member

    Yeah where did you find this information out? About more than 2/3rds of US currency being out of US borders.
     
  7. RJK3

    RJK3 New Member

    I would think that there is a great deal of currency outside of the borders but again you could never give a figure as to how much. It would be nice to find some of those $100's whether new or old!
     
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