Trivia about money, jobs, budgets, credit, debt, and anything related to personal finance.

Money Facts and Trivia

*The paper a dollar bill is printed on is composed of 75% cotton and 25% linen.

*It costs 9.6 cents to make a one dollar bill.

*A 1792 law directed American money to be made of gold, silver and copper. Gold was used in the $10, $5, and $2.50 pieces. The dollar, half dollar, quarter, dime, and half dime were composed of silver. The cent and half cent were made of copper.

*Using dollar coins instead of bills would save the government an estimated $5.6 billion over 30 years, according to a Government Accountability Office report. That's because coins, though more costly to produce, last longer than bills -- up to 40 years vs. an average of 18 months. Source

*Will that be credit, cash, or...pelts?? Pelts, along with shells, and the familiar shell-bead wampum, remained in use among indigenous people of America well into the nineteenth century. Source

*A $100 bill only needs replaced about every 7 years as it is used far less often than other bills. Source

*A $1 bill lasts about 21 months in circulation before needing replaced. Source

*Salt was once used as a form of currency.

*What does 1 trillion dollars look like?
From ThreeThriftyGuys.com
1. One trillion dollars can pay the rent for every renter in the US for 3 years
2. One trillion dollars can purchase every home foreclosed upon in the US during 2007 and 2008
3. One trillion dollars can run the federal government for 103 days
4. One trillion dollars can pay for every US military intervention and war since 9/11
5. One trillion dollars could pay for every US homeowners mortgage for 14 months

*You cannot trade in a dollar to the government for gold, silver, or any other commodity.

*The first paper notes were printed in denominations of 1 cent, 5 cents, 25 cents, and 50 cents.

*There were more than 10 billion pennies made in 1998. The actual number of coins produced, by denomination, was as follows: pennies, 10,257,400,000; nickels, 1,323,672,000; dimes, 2,335,300,000; quarters, 1,867,400,000; half-dollars, 30,710,000. Source

*High-denomination bills ($500-$100,000 notes) are technically legal tender, but were last printed in 1945 and officially discontinued on Jul 14, 1969 by the Federal Reserve System. President Richard Nixon halted the circulation of these high-denomination bills in 1969 by Executive Order, in an effort to fight organized crime.

*Pocahontas appeared on the back of the $20 bill in 1875. Martha Washington's portrait has appeared on a U.S. currency note. It appeared on the face of the $1 Silver Certificate of 1886 and 1891, along with the back of the $1 Silver Certificate issued in 1896. Source

*From Grandparents.com:
1. The black seal with the big letter in the middle on a dollar bill corresponds to the black number that is repeated four times on the face of the bill. For example, if you have a bill from Dallas with the letter K, then the number on the bill will be 11 because K is the eleventh letter in the alphabet.
2. The first of three Latin phrases on the back of a dollar bill is translated as "God has favored our undertakings."
3. Add the numerals on the bottom of the pyramid portrayed on the back of a dollar bill and you get the year 1776, when the Declaration of Independence was signed. The pyramid also stops at 13 steps, the number of the original colonies.
4. More than 16 million one dollar bills are printed each day.
5. One-dollar bills make up 45 percent of all bills printed by the U.S. government each year.
6. If you had 10 billion one-dollar notes and spent one every second, it would take 317 years for you to go broke.

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