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Money Facts and Trivia
*The paper a dollar bill is printed on is composed of 75% cotton and 25%
*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.
*Salt was once used as a form of
*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.
*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.
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