Macerated Currency
"Fedora" Style Hat Made Of Redeemed Macerated United States Currency Bank Notes at the U.S. Treasury
Macerated United States Currency Bank Notes, "Fedora" Style Hat, with its Original Printed U.S. Treasury Tag, "Made of U.S. National Green Backs, redeemed and macerated at the U.S. Treasury. Estimated $3,000", Choice Extremely Fine.
This unusual original example of Macerated Currency measures 4.5" x 3.5" at the brim and 2.25" tall. The original tag, age toned and chipped, is still attached to the upper exterior portion of the Hat. It reads; "Made of U.S. National Green Backs, redeemed and macerated at the U.S. Treasury. Estimated $3,000 Manufactured at 715 11th St. N.W., Washington, D.C." Formed into a "Fedora" style hat which is a rarely encountered design, which would make for a wonderful display item.
Between the mid 1870s to 1928, worn and mutilated United States Currency Banknotes were returned to the Treasury Department where they were reduced to paper pulp and made into Souvenirs for sale to the public. By the 1890s, the pulp was sold to various contractors such as the National Currency Souvenir Co., where it was used to create souvenir busts of prominent Americans, historical images and replicas of various national monuments.