9 Fun Money Facts

Good evening! I hope that you found a bunch of great deals today, and I hope you continue to through Small Business Saturday and Cyber Monday. If you were like me, you probably spent a lot of cash today, and we’re going to talk about those dollar bills that you placed in people’s hands.

1.  Cows were one of the first forms of money. In 2000 BC the first pieces of money looked like cattle, but the value on those coins where done by the weight of the bronze. Another form of currency was also deer skins… ever wonder why we call a dollar a “buck?” Yep, that’s why.

2.  By law, no one is required to take your money in order for debts, taxes, or dues. They can take other stuff, like your TV. Or your car. But they have to warn you that you’re doing so first. They can’t just come and tow your car away… at least, I hope they can’t.

3.   Three quarters, four dimes, and four pennies is $1.19. This is the largest dollar value that you can put together without being able to make change for a dollar.

4.   In 1916, you could drive to DC and they’d clean your money for you so that you could use it more. Guess what they called it? Laundering. That’s definitely not the definition that we use for that word now…

5. $1 gold coins currently have  American presidents on them. Before that, they had famous American women on them. Even though coins have starred famous American women, the only woman to have ever appeared on paper money was Martha Washington. Her portrait was on the $1 Silver Certificates printed in 1886, 1891, and 1896.

6. Ever wonder why Monopoly money is so small? “Funny money” has to be at least 50% larger or 25% smaller than a normal bill, or it’s considered to be counterfeit.

7. The first paper money printed in the United States was distributed by the Massachusetts Bay Colony in 1690. In 1775, the Continental Congress printed similar bills, called Continentals, that had no true value, only anticipated value. Because of this, the money was frequently counterfeited, and the phrase “not worth a Continental” became popular during this time.

8. The phrase “In God we Trust” was first put on Union coins during the Civil War. It became universal on all coins in 1955. It’s a shame that they’re trying to take it off of coins now, huh?

9.  The Secret Service was created because of money problems. Why? Because, right after the Civil War, a lot of people were broke, and between 1/3 and 1/2 of the money in circulation was counterfeit.

I hope everyone has a great weekend, and we’ll see you here next week!

 

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