Well, some can sit around and make pronouncements, but I thought I'd back my words up with action.
I grabbed three different DSHD 5.25" floppies out of my stock--a 'no name" duplicator grade one, a 3M labeled one, and finally, a Verbatim labeled one. All were NOS, never been used.
All failed to format on track 0 on a Teac FD-55-BR drive in an XT clone, complaining about "Track 0 Error". I then took each and carefully using my good old "Radio Shack High-Power Video/Audio Tape Eraser, Model 44-233A" I bulk erased each, starting with the eraser in contact with the floppy and moving in a circular motion, gradually brought the eraser to a foot away.
All formatted and wrote a full disk of files perfectly I used DOS 6.22 and FORMAT /u, xcopy and fc /b. I waited 15 minutes and repeated the fc verification step. No errors.
So, believe what you want, but I done it.
I suspect that a perfectly adequate bulk eraser could be constructed if you have access to a pile of neodymium magnets. After all, that's how cheap tape recorders did their erasing.