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<p>[QUOTE=&quot;NOS, post: 293171, member: 2098&quot;]Here are the facts. The FRBs immediately destroy regardless of condition, any $5 and higher bill upon redemption with series date of 1995 and before. Some banks such as Wells Fargo actively pull out the old style bills and have the tellers store them in their mutilation piles(regardless of condition) until they decide to ship them off never to see circulation again. One dollar bills from series 1963 to the present are reissued and two dollar bills from series 1976 to the present are reissued until they wear out. Any silver certificates the Feds receive along with any $2 Red Seals from series 1963A and before get destroyed. I can post links to FRB documents proving the above but this one here should be proof enough:</p><p><a href="http://www.uspapermoney.info/serials/f1996_h.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.uspapermoney.info/serials/f1996_h.html" rel="nofollow">http://www.uspapermoney.info/serials/f1996_h.html</a></p><p><br /></p><p>Look at how many 1996 hundreds were printed and especially district B. District B went all the way up to Y block, an unbelievably high block letter for any denomination above the $1 bill. So many 1996&#039;s were printed because the Feds were so busy destroying all of the old style 1993 and before hundreds. They did the same thing in 1991 where they destroyed every single hundred they received dated 1988 and before because 1990 series notes had the new microprinting and the imbedded strip.</p><p><br /></p><p><br /></p><p>With all of that said I think it is disgusting and a complete waste. Instead of trying to educate the public about how to detect fake bills they decided to destroy all of them instead of having them co-circulate. This is the government trying to baby everyone. I can immediately tell an old style bill is real just by the look and especially the feel of the bill, a form of detection used for more than 200 years. The paper used in currency in this country is unique and can&#039;t be duplicated by the public. Now beginning in 2009, the process starts all over again with the hundreds. Once the re-redesigned hundreds come out, the Feds will destroy all of the hundreds they receive dated 2006 and before. If you look at BEP reports you will see the Feds are printing enough twenty&#039;s right now to stock pile for the next few years, this is because they plan to print new hundreds non-stop to replace the older hundreds. Perfectly good and useable currency that the tax payers have paid for will be destroyed all over again.[/QUOTE]</p><p><br /></p>

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