There is money in these streets!

Well, sidewalks anyway….

Today just before closing, a man came into the shop with a thousand dollar bill

As you can see, this isn’t your average “Cleveland”. This bill is encased in lucite.

The $1000 bill was printed until 1946, and taken out of circulation in by the federal reserve in 1969 by the federal reserve under the direction of Nixon. Nixon believed the higher denomination currency made it easier for criminals to launder money.

This $1000 was in a sidewalk in Barrington, RI. Apparently a homeowner in Barrington put a $1000, a $100, a $50 and a $20 all in the walkway. The home owner (according to the neighbor) put the money in there and enjoyed watching people trying to dig it out. It had been there for as long as she could remember…and was removed today.

The man who brought the bill in was doing construction on that neighbors house, and decided to take his hammer drill and pull that bad boy out of the ground.

He had already brought it to the bank and they said they could not accept it because they could not physically touch it, so he brought it to me.

I sort of wish I bought it, but I didn’t. I love quirky stories and local history, and this was both. As a mater of fact, I even put something in the sidewalk cement during construction just recently. But I don’t think that someone will try to get it out in 50+ years from now, it is only a buffalo nickel with my initials. (See that blog here: Wet Cement)

I told him he could contact the Internal Revenue Service and they would be able to “remove it from circulation” and would probably send him a check for $720. $1000 minus the 28% tax, cause the government always needs their piece of the action 🙂