I got a fat stack of cash on my desk

A few weeks ago, I was talking to a friend of mine who works for the Federal Reserve Bank of New York about how cool it must be to work around so much money. I mean, I could just imagine swimming around in the vault through a few hundred million dollars, just like old Scrooge McDuck.

Well, apparently there’s no special vault for swimming in at the Fed, but they do shred the cash that they remove from circulation. What’s even better, is that after they shred it, they package some of it up and it gets reused for various purposes. I guess they realized that shredded money would make a great gift for someone like me who finds this sort of thing really cool. So, my friend got one of these bricks of shredded cash for me–how awesome is that?!? Check it out:

Apparently this fat stack of cash weighs about 2.2 pounds and contains the remains of approximately 1,000 notes. It contains a variety of shreds: $1, $5, $10, $20, $50 and $100. I don’t know what kind of distribution of notes they regularly shred, but the little blurb on the back label says, “If these shreds were only $100 notes the value would be $100,000.” C’mon, tell me it’s not cool to think you might have $100K in cash just sitting on your desk. Sure, you can’t spend it, but it’s still cool to me.

Tags: cash, money, Federal Reserve Bank of New York, FRBNY