| Money
Trivia
Some say it makes the word go round
– but no matter how important it is to you, U.S. currency
has a colorful history full stories and facts:
- During 2006, the Bureau of Engraving
and Printing produced 33 million notes a day with a face
value of approximately $529 million.
- 95 percent of the notes printed
each year are used to replace notes already in, or taken
out of circulation. During FY 2006, 54.80 percent of the
notes printed were $1 notes.
- The first paper currency issued
by the U.S. Department of the Treasury were Demand Notes
Series 1861.
- During the Civil War period, the
Bureau of Engraving and Printing was called upon to print
paper notes in denominations of 3 cents, 5 cents, 10 cents,
25 cents, and 50 cents. The reason for this is that people
hoarded coins because of their intrinsic value which created
a drastic shortage of circulating coins.
- In 1929, the size of currency was
reduced to about two-thirds of its former size when production
was converted to 12-subject plates. The familiar portraits
and back designs of our currency were also established at
that time.
- A stack of currency one mile high
would contain more than 14 million notes.
- The approximate weight of a currency
note, regardless of denomination is one gram.
- There are 454 grams in one U.S.
pound, therefore, there should be 454 notes in one pound.
- If you had 10 billion $1 notes
and spent one every second of every day, it would require
317 years for you to go broke.
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