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Travails of a coin collector in the 1870s
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4 posts in this topic

The nickels in circulation were almost entirely cleaned and reissued pieces.

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Few people realize that U. S. paper currency was likewise cleaned and pressed before being reissued, but this practice came much later. I know it was performed during the 1910s, but I believe it became impractical when the volume of paper currency swelled in the 1920s. So far as I know it hasn't been done since.

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[Upon information and belief, money laundering is done by continuing criminal enterprises--and the occasional spinster with a phobia to germs.]  😉 

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