07 December, 2008

Did You Know?


That there is about 500 billion of U.S. currency in circulation and most of it is held outside of   the United States?

That to have your picture on a bill, you must be known for something you have done for our country and you must be deceased?                                    

          That "In God We Trust," was designed planned to appear on U.S. currency in 1957 and has
          appeared on all U.S. money since 1963?

That the origin of the dollar sign is not known, but might be derived from the Spanish or Mexican "P's" that appeared on the peso, piastres or pieces of eight?

That the people used to save their cash in kitchen jars made of a clay called pygg, and people  called them pygg jars.  Later they became known as piggy banks and were made in the shape of pigs?                                                        clay jars.gif (4849 bytes)          arrow42.gif (692 bytes)           pig with dollar sign.gif (5577 bytes)
That the Bureau of Engraving and Printing prints 37 million notes a day with a value of around $ 696    million dollars?
                            

           That between the Fort Worth Texas and the Washington D.C. facilities, The Bureau of              
           Engraving and Printing uses about 18 tons of ink per day?                         

           That currency is printed on cotton, not paper?

           That if we laid each current U.S. bill printed side by side they would stretch around the earth's   
           equator about 24 times?                   

           That on March 2,1999 the Liberty Dollar Bill Act was introduced after a presentation to
           Congress by a group of students?  The students want a short version of the U.S. Constitution 
            printed on the back  of the one dollar bill.  
Click here to see the bill!

            That in l943, pennies were only made of copper for a short time?  This was during World War II, 
            and the U.S. needed the copper to make communications equipment for the war.  Because of this,
            pennies were made of steel.

            That the 1943 copper-alloy cent is one of the most sought after items by coin collectors?
            There are about 40 of these known to be in existence today.

             That the way to find out if your 1943 penny is copper, is with a magnet?  If you can't pick it 
             up with the magnet, it's copper, and it could be worth 
a lot of money to you?

              That a 1943 copper cent was auctioned off on December 22,1999, for $112,500?

              That when the U.S Mint discussed getting rid of the penny the public was outraged, especially   
              in Illinois, the home state of Abraham Lincoln.

              That the ink and paper used to print money today, is the same as that used to print money   
              during the Civil War?

              That in the early 20th century the U.S. Mint began producing commemorative coins that depict
              events in U.S. history?

              That the U.S. Mint and Bureau of Engraving and Printing have also made money for foreign
               countries, such as Mexico,Philippines, and Cuba?

               That there are only 9 engravers in the whole U.S. who do all the engraving for the Bureau of
               Engraving and Printing?

               That in the U.S., the $20 is the most counterfeited, followed by the $100 note, the $10 note,
               the $50 note, the $1 note, and the $5 note?  The $100 is the note that is most counterfeited 
               in foreign countries.

               That in l997, a total of $136,205,241 in counterfeit U.S.currency was discovered worldwide?

              That all engraving plates used by the Bureau of Engraving and Printing, have been engraved
               in reverse?                    

              That the U.S. Mint and the Bureau of Engraving and Printing work as manufacturing plants
               and their only customer is the Federal Reserve Bank?

              That every piece of money tells a story?

              That the U.S. has been making coins since 1792?

              That U.S. money has become one of the most important monies in the world?

              That the U.S. Secret Service was established to stop counterfeiting ?

              That in 1996 the 100 dollar bill was the first U.S. bill to undergo a major change since 1928?

              That there may come a time when the United States will see the death of coins and paper
               money?

              That if your money is mutilated if you can account for 51% of your bill the Office of Currency
              Standards  in Washington, D.C. will gladly replace your money?

              That the 1804 Dexter Dollar was auctioned off in 1989 for $990,000?

                                                                Nn.gif (53094 bytes)
                      
 Copyrighted Numismatic News  page 1, July 25, 1989, reprinted electronically by permission of Numismatic News/ Krause                                                      Publications,Inc./ Special permission received from Ulrich "Rick" Groth, Division Publisher.

                 That on April 8, 1997, another 1804 dollar was sold for $1,650,000?

                That from December 1934 to January 1935 the Bureau of Engraving and Printing printed the
                largest   notes ever printed, which were $100,000 gold certificates?  They were used for
                transaction between the Federal Reserve Banks, but were not shared with the general public.   
                President Woodrow Wilson was honored on this bill.

                That the pyramid on the back of the $1 bill represents strength and permanence and it
                looks unfinished to symbolize the future growth of our country?  The eye represents God 
                and the Latin phrase "Annuit Coeptis"  means, "He has favored our undertakings."   The
                inscription"Novus Ordo Seclorum" means "New order of the ages.

                  That it only costs 4.1 cents to make a $1 bill.  It costs the same thing to make a $100 bill?

                 That in the early 1900's you could return dirty money to Washington to be cleaned?  If the
                 bill is in good shape, they would wash it, iron it, and reissue it.       
bubbles_sink_md_wht.gif (3681 bytes)

                That when bills finally wear out, they are sent back to the Federal Reserve Banks where a
                machine sorts out the good, the bad, and the counterfeit?  The counterfeit bills are sent to
                the Secret Service.  The worn out bills are pulverized and buried.  They used to burn old
                bills,but because of the lead in the ink, they are now buried.  
fire.gif (21189 bytes)

                  That the Great Seal was first used on the back of the $1 bill in l935?

                  That Paul Revere is credited with engraving the plates used to print the first paper 
                  money in the U.S.?

                  That before paper money was used,  Americans used buckskins for money?  This is where
                   we get the term "bucks."
Deer_runs.gif (9541 bytes)

                   That there are 4 automobiles and 11 lightposts on the back of the $10 bill?

                   That if you used a magnifying glass, you can see Abraham Lincoln sitting at the
                   Lincoln Memorial on the back of a penny?

                   That the $500, $1000, $5000 and $10,000 bills have not been printed since l946?

                   That the following Presidents were on the faces of U.S, notes?

      Denomination of Bill

            President

             $1

     George Washington

             $2

       Thomas Jefferson

             $5

       Abraham Lincoln

            $10

       Alexander Hamilton

            $20

        Andrew Jackson

            $50

        Ulysses S. Grant

           $100 

        Benjamin Franklin

           $500

       William McKinley

          $1,000

       Grover Cleveland

          $5,000

        James   Madison

         $10,000

        Salmon P. Chase

         $100,00

       Woodrow Wilson

                 That Fort Knox in Kentucky, has been the place where the U.S. has stored its gold since 1938?  It is a                   bomb-proof building.  The gold is stored in concrete in steel vaults and is protected by guards with               machine guns.
                        

              That money is transported to and from the Federal Reserve Banks by armored car. The vehicle is
               covered with steel plates and is bullet proof.

                                                                                            
hand_holding_bag.gif (1399 bytes)

 

                  That money doesn't grow on trees?

                                                                   money tree5.jpg (1165561 bytes)

                                                                                                




 "A   job is what we do for money;  work is what we do for love."

time in Nepal