Magnetic Ink

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Magnetic Ink
Is MICR E13b (ink and font type) the best route to go upon printing money orders for it to pass through a bank, etc?
Magnetic Ink
Has anyone ever attempted to make magnetic ink with xerox powder and grinding ceramic neodymium magnets into powder form? Perhaps mixing a ratio that would enable it to pass through monetary systems of some sorts?
From what I know, once magnets gets impacted hard or even shaven off, it loses the "magnetic" aspect of it.
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