Bills. Dough. Cheddar - whatever you
like to call it, currency in the United States has been around
since the late 1700s. We work for it. We spend it. Some people save
it, while most of us wish to have more of it. But how much do you
really know about that green piece of paper in your wallet? Here
are some of the most interesting tidbits about American
Money You Could Wear
Like your clothes, U.S. paper bills are made of a combination of
linen and cotton. Paper, like notebook paper, is made out of
cellulose, which comes from trees. On the other hand, paper money
is made from cotton and linen fibers. No wonder your dollar still
looks good after a trip through the laundry machine.
All About the Benjamin's
As the highest value bill in circulation, the $100 bill
represents 11.9 percent of all U.S. paper currency production.
According to the U.S. Bureau of Engraving and Printing, the average
$100 bill is expected to last 89 months in circulation, which is
four times longer than the $1 bill. Currently, there are about $900
billion worth of $100 bills in circulation. However, most of them
Research has shown that 90 percent of paper money circulating in
the U.S. contains traces of cocaine. More importantly, $5, $10, $20
and $50 bills are more likely to be positive for cocaine than $1
bills. However, scientists believe the amount of cocaine found on
bills is not enough to cause health risks. Realistically, only a
faction of these bills have actually been used to snort cocaine.
Most of the contact comes incidentally from wallets, cash drawers
and money sorting machines.
Believe it or not, there are currently one billion worth of $2
bills floating around in U.S. currency. However, people see them so
rarely that some people think they're counterfeit upon first
encountering them. For this reason, many people hold on to $2 bills
as souvenirs. Contrary to popular belief, the $2 bill is only
worth, well $2.
The Secret Service
Now this may actually surprise you - the Secret Service, most
recognized for protecting the president of the U.S., was originally
created to fight counterfeit money. Enacted in 1865, a time when
one-third of all bills were thought to be fake. It wasn't until
1902 that the Secret Service assumed full-time responsibility for
protect of the president, following the assassination of President
Gary Dyner is the owner of Great American Coin
Company. He's also a history buff. When he's not collecting
coins, he's studying up on U.S. currency. Connect with him on Google+.