- According to the Treasury Department, there are three reasons why US currency is green (the “greenback”):
- That color ink was readily available in large quantities back when they were first being printed
- It is highly resistant to chemical and physical changes
- It’s a color that the public identifies with strong and stable credit
- Most coins have a copper filling with another metal on the outside, usually a mix of copper and nickel (75/25). Pennies are made of zinc coated in copper and nickels are entirely that copper and nickel mix.
- With the exception of WW2, nickel has stayed the same material composition since it was first designed in 1866. It’s the only coin that has stayed the same.
- In 1804 were the values were engraved on coins
- “E Pluribus Unum” means “One from Many,” one country from many states.
- Queen Isabella of Spain was the first woman to appear on a US commemorative coin in 1893.
- The lifespan of a coin is thirty years, the lifespan of a bill is a mere 18 months.
- Bills today are 2.61″ wide by 6.14″ long with a thickness of 0.0043″.
- 95% of the bills printed each year are used to replace bills already in circulation.
- If you were to stack a million $1 bills, it would be around 361 feet high.
- It costs about 6.2 cents to print each bill (2007).
- Do you know why there are ridges on the edges of coins? Back in the day, when coins were made of gold and silver, people would shave off or clip the edges of the coins and then save the shavings for later. While illegal, it was difficult to catch because coins were always irregularly shaped because of poor manufacturing so the ridges helped in detecting that.
- The Treasury Department is looking to enhance the designs of bills every 7-10 years. This began with the $20 bill in October 2003.
- Money is the leading cause of disagreements in marriages
- Martha Washington is the only woman whose portrait has appeared on a U.S. currency note. It appeared on the face of the $1 Silver Certificate of 1886 and 1891, and the back of the $1 Silver Certificate of 1896.
- August of 1966, the two-dollar bill was officially discontinued; it was brought back to life in 1976.
Thursday, December 9, 2010
Its all about the benjamins
Money sucks. I hate it. Paying bills, paying rent, paying for groceries. What happened to the good old days where a rough and tough barter was good enough. A little I'll scratch your back if you scratch mine business. Seriously! Then what really sucks, as if we don't work hard enough for our money, is that the government and health insurance takes away about $300 or more each paycheck. I want my money back. I earned it! Looks like its time to really get started on this freelance stuff....oh wait, that's right my computer died....another $ 1000+ for a new one please.
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