November 22, 2024, 09:51:26 PM
collapse

Author Topic: 5 Stupid Facts About Money  (Read 5739 times)

Offline SonnenKinder

  • PJ Gabru
  • Maharaja/Maharani
  • *
  • Like
  • -Given: 1
  • -Receive: 101
  • Posts: 10105
  • Tohar: 11
  • Gender: Male
    • View Profile
  • Love Status: Single / Talaashi Wich
5 Stupid Facts About Money
« on: January 06, 2010, 08:02:37 PM »
And I'm talking American money here, not stupid rubles or seashells or whatever they trade in Russia.

1) At one point there was a $500 bill, a $1,000 bill, a $5,000 bill, and a $10,000 bill.

Yes, the first thing I was shocked to learn was that although today the highest U.S. currency unit is indeed the hundred, there used to be a lot more baller bills out there. Just look at these bad boys, sporting William McKinley, Grover Cleveland, James Madison, and Salmon P. Chase (!?) respectively.

First of all, who the hell is Salmon P. Chase, and why does he get to be on a bill worth $127,000 today? A little more research revealed that Chase was actually a pretty big bad-ass - not only was he a Senator, Governor and U.S. Treasury Secretary, but he also served as Chief Justice of the Supreme Court. Oh, and he had a bank named after him. Alright, Chase, I'll step off.

2) There was also once a $100,000 bill, which would be worth 1.6 million dollars today. And guess who was on it. Woodrow Wilson.


Are you kidding me? Woody frickin' Wilson? Look, I know the guy was a decent president and all, but on maybe the highest value bill ever printed in the whole world, I would have expected someone a little more dramatic. Like Elvis. Or God.

Unfortunately, the $100,000 bill was only used for direct bank gold purchases, and was only briefly in circulation: in 1969 President Nixon ordered the halt of circulation for all high-denomination bills, in an attempt to combat organized crime. I am now unsure if my dreams of slapping a bouncer in the face with a $100,000 bill will ever be realized.


3) On the other end of the spectrum, there was also once a 5-cent bill.


During the Civil War, people began hoarding coins because of their metal values, and the Bureau of Engraving and Printing started printing bills for 50 cents, 25 cents, 5 cents and even 3 cents to fill the void. I couldn't find out what people were hoarding the coins for, but I hope it was for making guns that shot stacks of pennies at people, because what a great use of insult to injury. Though better than getting shot with Confederate dollars, I suppose.

4) At one point, the copper needed to make a penny cost more than a penny.


This obviously needed to change, lest we have hoards of homeless people roaming about collecting pennies to melt in giant vats to make copper wire and such. This is why pennies since 1982 are made of zinc, with thin coatings of copper.

Similar metal price-increases have also spurred changes with the silver in dimes and quarters; in fact, the only coin that has stayed the same (except for a brief period in WWII) is the nickel, because nickel is such a broke-ass metal.

For comparison, paper bills cost 3 cents to make, regardless of their denomination.

5) The special paper that money is printed on comes from only one paper company in Massachusetts.


Oh, and it gets shipped to the mints in an armored car.

It's illegal to have any of this paper, even for non-counterfeiting purposes like drawing paper for your kids, or folding really expensive origami swans.


Bonus Stupid Fact:
(because I love you so much, and because the first two were kinda the same fact) :happy:
The most commonly counterfeited made-up bills are the $3 bill, the $200 bill, the $22 bill, and the $1,000,000 bill.


The $22 bill was entirely made up by this numberologist street-entertainer in Florida who changed his name to Love-22 and tried to run for President. He has twice been arrested for counterfeiting, but both times gotten off on the grounds that "since there is no such thing as a 22 dollar bill, it is impossible to counterfeit what doesn't exist".

Database Error

Please try again. If you come back to this error screen, report the error to an administrator.

* Who's Online

  • Dot Guests: 3847
  • Dot Hidden: 0
  • Dot Users: 0

There aren't any users online.

* Recent Posts

fix site pleae orrrr by ☬🅰🅳🅼🅸🅽☬
[November 01, 2024, 12:04:55 AM]


your MOOD now by Gujjar NO1
[October 09, 2024, 12:31:28 PM]


Best DP of the Week by Gujjar NO1
[October 08, 2024, 05:24:20 AM]


PJ te kinnu dekhan nu jii karda tuhada ??? by mundaxrisky
[September 15, 2024, 05:45:10 PM]


~~say 1 truth abt the person above ya~~ by mundaxrisky
[September 15, 2024, 05:41:15 PM]


This Site Need Fix/Update by mundaxrisky
[August 20, 2024, 04:41:58 PM]


Request Video Of The Day by mundaxrisky
[July 09, 2024, 04:24:48 PM]


Majh on sale by Gujjar NO1
[April 07, 2024, 03:08:25 PM]


Hello Old Friends/Friendaynaz by Gujjar NO1
[March 14, 2024, 03:42:51 AM]


Test, just a test by Gujjar NO1
[March 11, 2024, 12:32:30 PM]


Good morning (first word ki keha) by Gujjar NO1
[February 27, 2024, 01:10:20 AM]


Throw something at the user above u by Gujjar NO1
[February 26, 2024, 01:13:56 PM]


Just two line shayari ... by Gujjar NO1
[February 15, 2024, 10:46:34 AM]


which pj member do u miss ryt now? by ❀¢ιм Gяєωʌℓ ❀
[August 30, 2023, 03:26:27 AM]


Hello Old Friends/Friendayna by ☬🅰🅳🅼🅸🅽☬
[July 07, 2023, 08:01:42 AM]


ਚਿੱਟਾ ਤੇ ਕਾਲ਼ਾ ਆਊਡੀਓਬੂਕ by ਰੂਪ ਢਿੱਲੋਂ
[March 30, 2023, 07:50:56 PM]


What is the first thing you do, when you wake up in the morning? by Cutter
[January 12, 2023, 08:23:23 AM]


Chita Te Kala Novel Latest Review by ਰੂਪ ਢਿੱਲੋਂ
[September 14, 2022, 07:03:31 PM]


Book Review by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:25:18 PM]


Books, Novels & Stories by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:20:16 PM]


New Book Release: Chita Te Kala Novel by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:06:16 PM]


What Is the Best Compliment You've Ever Received? by mundaxrisky
[October 15, 2018, 07:24:41 PM]


Last textmessage that u received by mundaxrisky
[October 15, 2018, 07:12:26 PM]


name one thing you can't live without ? by mundaxrisky
[October 15, 2018, 07:09:02 PM]


ONE thing you wish you could do RIGHT NOW... by mundaxrisky
[October 15, 2018, 07:03:57 PM]