Did you know?

Ready for some fun cash facts in under one minute? 

• Only 8% of the world’s spendable currency is actually in cash, approximately $8,000,000,000,000 worth.
  • Of that EIGHT TRILLION in value, approximately $1.5 Trillion is in super dependable USD. 
  • Of that circulating USD, around $750 BILLION is circulating outside of the United States. Where I might add, it is highly prized as MONEY.
• Speaking of money, how many other words do we use to describe our globally accepted home-grown Greenbacks? 
  • How about bread, bones, bucks, cheddar, cabbage, cake, celery, cheese, chips, clams, dough, ducats, grease, loot, moolah, paper, simoleons, smackers, smackeroonies, stash, lettuce, salad, scratch, scrill, spinach, tamales. 
  • These are good when you’re talking about cash generally. But each note has its own name Ace, Duece, and Fin for the small denominations —followed by the Presidential Series Hamilton, Jackson, Grant—topped off by the all-supreme C-Note a/k/a Benjamin.
• Did you know that Benjamin Franklin designed the first penny issued by the newly minted United States of America in 1787? This one-cent coin, known as the FUGIO, carried the new nation’s admonition: MIND YOUR BUSINESS. Later, in 1864, Congress decided that God was a better option, and IN GOD WE TRUST became standard issue on coins.
• Pennies aren’t cheap! They cost nearly two times their face value to make. Nickels cost more than ten cents to make, and dimes cost half that.  
• Paper notes cost less than fifteen cents each and (wait for it) are not made out of paper but cotton and linen. 
• Coins typically last 30 years, but the average lifespan of a note 4.5 years. 70% of new money printed is to replace worn-out money. In 2020, we printed 1.5 billion new $1’s; we also printed 1.3 billion $100’s – and those last about nine years. 
• The first woman featured on US Currency was Pocahontas, who appeared on the $20 bill in 1895.
• Susan B. Anthony was the first woman (not counting Lady Liberty) to appear on a US coin, the dollar, in 1979.
• In 1969 large-denomination bills (greater than $100) were discontinued. Today there are still 165,372 $1,000 notes in circulation, along with 342 $5,000 notes and 336 $10,000 notes. If you have one, don’t take it to the bank; they are worth big money!

So there are some facts and boy were they fun. Have a great day!