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10 Things You DIDN’T KNOW About MONEY

Number 10. If you have ten dollars in your pocket and no debt, you have more wealth than 25% of Americans. Wealth is unevenly distributed throughout the world and throughout the United States. Six members of the Walton family, the family that owns Walmart have more wealth than the bottom 30% of Americans

Walmart photo

Number 9. Living presidents are banned from having their faces on currency. By legislation created during the revolutionary years in the United States, no living person can be featured on a coin. It has to ensure that the United States would not appear like a monarchy as living kings during the era were cast on their country’s coinage. There has been one exception to this rule though, President Calvin Coolidge. His image was struck on a commemorative coin that celebrated the sesquicentennial of American Independence. It was minted in 1926.

monarchy photo

 

Number 8. The most counterfeited bill in the country is the 20$ bill. In the early years of the nation counterfeiting was a crime punishable by death. The most counterfeited denomination of money is the 20$ bill, followed by the 100$ bill. In foreign countries, the U.S.100$ bill is the most frequently counterfeited.

20 dollar photo

Number 7. Dollar bills are filthy, often turning up traces of Salmonella and E.coli. According to several recent studies, money in your wallet it’s some really dirty stuff. The olther the bill, the more contaminants are present including Salmonella and E.coli. Bills that are printed on primarily cotton material were found to have the highest level of bacteria, where those created on newer, slicker polymers had the least.

Salmonella  photo

Numbers 6. The first woman to appear on US coins wasn’t even American. Several women have appeared on US coins The very first woman was actually not an American, she was a Spanish Queen. Featured on a commemorative coin, Queen Isabella of Spain was the first lady to be cast on a U.S. coin in 1893. First Lady Martha Washington however, she is the first woman to appear on circulated paper money.

 Queen Isabella photo

 

Number 5. Coins have ridges to protect against counterfeiting. Most of us use coins to purchase items from vending machines, or we throw them in a bank to save for a rainy day, but coins have a fascinating history. Did you ever wonder why the quarter has so many ridges on its edges? They were created to prevent counterfeiting. Yes, even back in those gentler times of Colonial America, there were improvising criminals trying to counterfeit money. These counterfeiters would shave the edges off of coins because they were made of silver and gold. A 10$ gold piece was made with 10$ worth of gold.

To make a little extra money, people would shave the edges of the coins and collect the metal. If done well enough, the smaller coins would not be noticed by merchants and they in effect would get less than 10$ in gold for purchase. This gave the counterfeiter extra gold or silver to make into more coins. Today, the ridges remain as a form of “braille” for the seeing impaired. There are 119 grooves on the edge of a quarter.

 

Coins photo

 

Number 4. Now, here’s a funny one. More

money is printed every year than real money According to the Official Monopoly website, Parker Brothers prints $50 billion in Monopoly money each year.

According to the FAQ page of the Bureau of Engraving and Printing, the U.S. Government produces million currency notes per day or billion US dollars every year.

 

monopoly photo

 

Number 3. Apple makes $4,540 a second. That’s more than the average American monthly salary which was $3,769 in 2011. Apple is worth around 733 billion US $, more than Google and Microsoft put together. Number 2. About 15% of millionaires didn’t bother with a college degree. Mark Zuckerberg and Bill Gates aren’t the only millionaires without diplomas. Spectrem Group found that 85% of millionaires have college degrees. Another 12% attended college and dropped out. On the other hand, 31% also earned an advanced degree.

 

apple photo

 

Number 1. In the course of its average 20 months in circulation, U.S. currency gets whisked into ATMs, clutched, touched and traders perhaps thousands of times at coffee shops, conference stores and newsstands. And every touch to every bill brings specks of dirt, food, germs or even drug residue. Researches presented this weekend reinforced previous findings that 90% of paper money circulating in U.S.

federal reserve photo

cities contains traces of cocaine. Alright guys that’s it for this countdown. Don’t forget to subscribe to stay informed. Peace..

As found on Youtube

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