I'm nuts about money - or how about this - I'm nuts about currency. I like money as everyone does, and as a capitalist and serial en...

INFOGRAPHIC: Money – The cold hard facts

I'm nuts about money - or how about this - I'm nuts about currency. I like money as everyone does, and as a capitalist and serial entrepreneur I strive daily to increase growth, my human network and profits, but it's good to know the cold hard facts behind a buck, and what it entails....

How many tonnes of ink does the US Bureau of Engraving use per day?
What are US paper bills made of?
What was the largest bill ever printed worth?
What's the prison sentence for counterfeiting currency?

Money: The Cold Hard Facts


If you haven't had enough, here are some more facts:
- U.S. produces 26 million notes a day with a face value of around $907 million.
- Federal Reserve notes account for over 90% of U.S. currency.
- Federal Reserve: the central bank of the U.S. It was created to provide a safer, monetary system in 1913. Their duties include regulating banks and financial institutions, maintaining national financial security, provide services to U.S. government, and influencing money and credit conditions.
- It would take 14.5 million notes to make a mile high stack
- 1782 saw the introduction of the first dollar coin.
- A $100,000 gold certificate was the largest bill ever printed by the U.S.
- The Secret Service was created during the Civil War initially to combat counterfeiting.
- "In God We Trust" did not appear on paper currency until 1963
- The Bureau of Engraving and Printing uses approximately 9.7 tons of ink per day.
- A bill weighs one gram. 454 bills to a pound.
- The $100 bill is the largest produced currently.
- To produce a note of U.S. currency it costs 6.4 cents.
- The average note will require 4,000 double folds before it will tear.
- The average life spans of currency notes are as follows
- $100 – 7.5 years
- $50 – 4.5 years
- $20 – 2 years
- $10 – 18 months
- $5 – 16 months
- $1 – 21 months
- Currency made in any year will at least hold its face value.
- Oldest bills in circulation could be anywhere from 20 to 30 years on cash and 50 to 60 years on coin. However older currency very likely is out there.
- U.S. mint is responsible for producing coin and also military medals.
- Until 1804, no coin had their value on them. The size was the determination of the value.
- The first batch of coins was in March 1793 and included 11,178 copper cents.
- Abraham Lincoln was first on a regular coin in 1909.
- A coin's lifespan is thirty years.
- Nearly half of the bills produced are $1 and 95% of the bills produced are to replace circulated bills.
- A million dollars of $100 bills weighs around 22 pounds. $1 bills it is about a ton.
- A penny costs 1.23 cents to make and the nickel 5.73 cents.
- As of April 24, 2013, there was approximately $1.18 trillion in circulation and $1.14 trillion was in Federal Reserve notes.
Image compliments of MBA in Finance Degrees
Also credit to Mining.com - Article Link

Cold, hard facts about the US dollar. Chaganomics.com - monetary economics, monetary information, money supply, infographic, monetary infographic 

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