Took some screen grabs of a video I have,,
First pic of bundle is NOT termite damage but from water damage, it is hard like a brick and interesting to see the rubber bands.
The other two pics are termite damage only, dry environment.. (not water, not buried)
Looks similar to these..
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What about silverfish damage? I just searched "insects that eat ink" because the outside edges have more ink on them in the US $20 than the inside part. Or perhaps an insect similar to silverfish. I haven't found a photo yet that shows how they would affect money bundles (which are not exactly paper). This shows a book: You are not allowed to view links.
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LoginThis is a 1963 US twenty: You are not allowed to view links.
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LoginThere are also other insects in the same family that have the same preferences. In homes they prefer cellars, basements, attics, tubs, sinks - dark, damp areas.
Just throwing it out there.
Quick question: were the rubber bands just plain rubber bands, or those Scrooge McDuck-looking wide things? I've been assuming the former as the money was to look hastily assembled. My computer died, so may not be on here much for a bit. Hope all are well.