If you enjoyed the previous article, The Most Interesting Facts About Money, here are some more interesting money facts.
The company Parker Brothers has printed more money for its Monopoly games than the U.S. Reserve has issued real money.
The Bureau of Engraving printed paper notes during the Civil War in denominations of
3 cents, 5 cents, 10 cents, 25 cents and 50 cents. It did this because there was a drastic shortage of coins due to people hoarding them. These bills were used to pay Union soldiers and were called “greenbacks”
One million $1 bills weighs 2,200 pounds. You probably wouldn’t want to try to put them in your wallet.
If you stacked up all the bills that are destroyed every year the stack would be 200 miles high. In comparison the highest mountain on earth is 19,035 feet high (Mt. Everest) or a bit more than three miles high.
Ever wonder what money weighs? It’s about a gram regardless of its denomination. One pound is 454 grams meaning that it requires 454 notes to make one pound.
If you were to accumulate $10 billion in $1 bills and spent one every second of every day it would take 317 years for you to go broke. Of course, this is if you weren’t our Congress, which could spend $10 billion in just minutes.
You can bend a bill back and forth 4,000 times before it will tear.
The largest denomination of currency that has been in circulation since 1969 is the $100 note. The biggest bill ever printed was a $100,000 bill that was issued in 1934 and was actually a Gold Certificate. It was used for transactions between Federal Reserve banks.
In 1865, Congress created the Secret Service to fight counterfeit money. This was at a time when as much as 1/3 of all money in the U.S. was thought to be counterfeit. Today, about $250,000 in counterfeit bills shows up every day
Of the notes printed every year, 95% are used to replace bills already in circulation. One dollar bills represent 45% of the notes printed annually.
Shopping was more fun in 1900 when women could buy a pair of shoes for just a $1.
If you laid out a mile of pennies it would total $844.80, Using this as a standard, the U.S. is roughly $2.5 billion in pennies wide from coast to coast.
If you have in your pocket or wallet three quarters, four dimes and four pennies, you have $1.19. And that’s the most money you can have in coins without being able to make change for a dollar.
A quarter has 119 grooves around its edge while a dime has 118. Why the grooves? It’s to make it harder for people to scrape metal off them. There was a time when coins were made out of silver and gold. People could make a nice albeit illegal living by shaving coins and then selling the precious metals.
The Spanish dollar was the unofficial national currency of the American colonies during most of the 17th and 18th century. It was actually cut into eight pieces or “bits” to make change. This gave birth to both the terms “pieces of eight” and “two bits” for a quarter.
Coins generally survive for about 30 years in circulation. So don’t be surprised if you go through your change and find a nickel or dime with a date in the 1980s.