Worn Currency

Worn Currency

Cash and coin that has been used so much it is no longer recognizable. Worn currency ceases to be legal tender and is no longer useable. In the United States, the Federal Reserve burns worn currency.
References in periodicals archive ?
However, people actively seek to divest worn currency because they are disgusted by the contamination from others," the authors wrote.
These include both the more mundane job of exchanging old, worn currency for new, crisp notes, and the technologically complex task of providing a payments network that allows funds to move among banks.
Finally, as a last resort, we can hold off the destruction of old or worn currency.