Interesting facts about the dollar and the dollar bill, which today is the most popular currency and I think it is worth knowing at least a couple of interesting facts about the currency.
In the United States, cash is issued in the form of paper notes printed by the Bureau of Engraving and Printing (BEP) and metal coins minted by the U. S. Mint. American money has undergone many changes over the past two centuries, and the cash used by Americans in 1700 is strikingly different from what it is today. We bring to your attention 10 interesting facts about the past and present of the American currency.
1. How long does a bill live? The shelf life of a note depends on its denomination. According to the U.S. Bureau of Engraving and Printing, the average lead times for various bills are:
$ 1 - 22 months;
$ 5 - 16 months;
$ 10 - 18 months;
$ 20 - 24 months;
$ 50 - 55 months;
$ 100 - 89 months.
Worn out banknotes are removed from circulation and replaced with new ones. At the same time, coins can last about 25 years on average.
2.What is the percentage of one dollar bills in the total money supply?
1 dollar bills make up slightly less than half of all bills issued by the Bureau of Engraving and Printing. So, in 2009 there were 42, 3% of the total.
3. Were African American portraits printed on dollars?
On dollar bills, images of famous African Americans never appeared, but in the 1940s several commemorative coins were minted, on which portraits of black figures of science, culture and sports were minted. In particular, these are two Washington DCs (not to be confused with the first US president) - biologist George Washington Carver and politician Booker T. Washington. A little later, the collection of such coins was replenished with a copy with the image of baseball player Jackie Robinson. The paper money, however, bears the signatures of four black employees of the US Treasury Office - Blanche K. Bruce, Judson W. Lyons, William T. Vernon and James S. Napier, as well as the African American Asi Taylor Morton, who served as Treasurer of State from 1977-1981 years.
4.What was the largest bill?
The largest bill was issued in the United States in 1934 and had a face value of $ 100, 000. In fact, it was a gold certificate and was intended for internal settlements between the banks of the Federal Reserve System, and not for public settlements. The banknote depicted the 28th President of the United States, Woodrow Wilson, the owner of the White House in 1913-1921.
5.What is America's width in cents?
One cent coins, lined up in a row of 1 mile (approximately 1.6 km), add up to a total of $ 844.80. Thus, the width of the United States from the east to the west coast is 2.5 million dollars in cents.
6.What does the inscription E Pluribus Unum mean?
According to the explanations of the Federal Reserve Bank of San Francisco, the motto E Pluribus Unum (translated from Latin - "One of many"), which is minted on almost all coins in America, and also appears on state seals, dates back to the time of the Civil War. USA. At that time, the motto was Exitus in Dubio Est, which in Latin means "The result is in doubt." This motto seemed too pessimistic to the leaders of the struggle for independence John Adams, Benjamin Franklin and Thomas Jefferson, and they proposed the current one, which appeared on the US government seal in 1782. However, these words were first minted on American coins only in 1902.
7.Where did the “eye in the triangle” come from?
The so-called "all-seeing eye" at the top of the pyramid depicted on American banknotes symbolizes Divine providence. However, at the time of choosing the symbol, this was not the only option - among the proposals were the children of Israel, wandering in the wilderness.
8.What kind of paper are dollars made of?
American paper money is not really paper money at all. They are made of a material that is 75% cotton, 25% linen and laced with fine silk fibers. If dollars were actually paper, then the bills forgotten in the pockets of jeans would not withstand a single machine wash.
9.How strong are the bills?
Anything can happen (see above about jeans). However, dollars are made to survive many trials. According to the US Bureau of Engraving and Printing, banknotes can withstand up to 4, 000 folds before ripping.
10.Does the torn banknote lose its value?
The Bureau of Engraving and Printing clarifies that all partially or completely damaged bills are subject to free exchange. Every year, the US Treasury receives about 30 thousand requests for the exchange of such banknotes and issues a total of more than $ 30 million in return. Before being exchanged, banknotes undergo an appropriate examination.