18 Facts About Money You May Not Know
Nathan Johnson
Published
09/26/2017
in
wow
Break the bank with these interesting facts about money.
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1.
Paper bills are made up of 75% cotton and 25% linen along with blue and red security fibers that are embedded throughout the bills. -
2.
A normal sheet of paper can withstand about 400 folds but a dollar bill can withstand about 8,000 folds before breaking. -
3.
Crane & Co. own the patent to the special blend of paper and have been the sole supplier to the U.S. since 1879. -
4.
Andrew Jackson was opposed to paper money and believed that gold and silver coins should be the legal tender. Funny enough he is on the $20 bill. -
5.
There’s about $1.54 trillion of currency in circulation and about $1.49 trillion of that is made up of the Federal Reserve notes used every day. -
6.
More than two-thirds of all $100 bills are held outside the United States. -
7.
The United States Bureau of Engraving and Printing, or “Money Factory,” produces about 38 million new notes every day – that’s $541 million. -
8.
The “Money Factory” has two active facilities, one in Washington, D.C. and the other in Fort Worth, Texas. In a day they use 9.7 tons of ink. -
9.
In 2017, 7.1 billion new notes were ordered. 70% of the new notes will be used to replace damaged notes. -
10.
Bills that are damaged can only be replaced if more than 50% of the note is clearly identifiable. -
11.
Once damaged bills are taken out of circulation they are shredded and sold to companies who recycle them into building materials. -
12.
By law, only deceased people can appear on U.S. currency. -
13.
The average lifespan of a $1 bill is 5.8 years where a $100 bill is about 15 years. -
14.
According to the U.S. Mint, the lifespan of a coin is around 25 years. -
15.
On average, Americans throw away around $62 million worth of coins every year. -
16.
In 2016, the U.S. Mint produced 16 trillion coins being valued at over $1.09 billion. -
17.
During WWII copper was needed for ammunition, so in 1943 pennies were made out of steel. -
18.
Unlike most other bills, the $1 bill hasn’t seen a major facelift since 1929.
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