This is called a “mortgage button.” Long ago, when families paid off their mortgages, they would burn the mortgage papers, collect the ashes, drill a hole in the banister and put the ashes in the hole. Then cap it with a button. Hence, the mortgage button!
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I've never seen or even heard of that! When we paid off our mortgage, I just had a friend take a picture of me putting it in the mailbox.
A mortgage button? That's so interesting!