Four Amazing Facts About Money
Money has been around in America since the 1790's. It was in existence in other countries well before that date. Money was first made in a form of small coins that are made out of semi-rare metals such as gold and silver. Each coin is given an actual value. Coins remained in use in the …
Money has been around in America since the 1790's. It was in existence in other countries well before that date. Money was first made in a form of small coins that are made out of semi-rare metals such as gold and silver. Each coin is given an actual value. Coins remained in use in the United States since the 1860's. In 1862, the Department of Treasury decided to produce money made from paper. It is in that same year that the Civil War took place which caused a shortage of metals to create the coins. buy forged money We use money in our life every day, but ever wonder how it has evolved? Here is a quick rundown on the four amazing facts about money. 1. Ever wonder why coins were created with ridges on the circular edge of them? It is a technique to protect against counterfeit money. A sizeable amount of criminals are looking for ways to counterfeit United States dollars. Coins are made of silver and gold and the amount of gold used is equal to the amount it is worth. For example, a five dollar gold coin was made from five dollars worth of gold. Some unscrupulous coin dealers or would-be counterfeiters will scuff the edge off the coin, and if done well, wouldn't be noticed by merchants that they aren't getting the exact amount of gold in their coin. The ridges are also placed on the edge of the coin so that seeing impaired individuals can distinguish it from other circular metal materials. 2. The $20 bill is the most counterfeited bill in the United States. To fight counterfeiting, the United States mint and the United States Secret Service were formed. Reports say there is an estimated $5.8 million worth of counterfeit bills circulating since 2005. Coins are said to still be counterfeited, but most of the time they are fakes of older and rare coins. 3. A regular one-dollar bill wears out after 18 months of circulation. It is the most circulated bill and it accounts for almost half of the bills created by the United States Bureau of Engraving and Printing. Since the United States dollar is said to be the most widely used currency in transactions all over the world, an estimated 95% of the newly printed money is used for the replacement of United States dollars that go overseas. 4. No Living person's likeness shall be placed on dollar bills and coins to ensure the United States doesn't appear to have a monarch government. Here's two quick facts about the past; a Spanish Queen was the first woman to be placed on a United States coin and Benjamin Franklin is the only non-president who appears on a bill.

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