This commercial-grade Shredex "Watergate" Top Secret 2001 desktop paper shredder is a heavy-duty piece of industrial equipment that was favored by US Military and Government offices. Made in West Germany, this 1983-1984 model was popular due to its compact size (8.5" x 8.5" x 6") and "affordable" retail cost of $497.00. Commercial units could run upward of $8,000.00 during the shredder boom of the '80s. One of these Watergate 2001 models was reportedly purchased by none other than Richard Nixon for use in his New Jersey home! Seriously! A true story from the president of Shredex in a 1984 People interview! The Shredex Watergate Top Secret 2001 quietly and powerfully destroys documents, checks, microfilm, and even microfiche into tiny particles.