Fun & Interesting Facts About U.S. Money

A few months ago I wrote an article about how the U.S. government has seriously messed up the printing of the new $100 bill (found here). That article turned out to be pretty popular with our blog subscribers. Since we sell bill counters and counterfeit detectors, I thought it would be appropriate for me to point out a few additional interesting facts about modern U.S. currency.

I have gathered together many of these facts from my own knowledge on money, articles I have read and from a great article entitled “All About the Benjamins” written by Rachel Arndt with Fastcompany.com magazine.

Did You Know?

  • There are 4.42 billion more $1 bills in circulation than $100 bills.
  • The U.S. printed 26 million bills a day in 2009, equaling $907 million dollars.
  • Three of our currency denominations feature people who were never presidents. These are Benjamin Franklin ($100), Alexander Hamilton ($10) and Sacagawea ($1 coin).
  • About 1 in every 10,000 bills in current U.S. circulation is counterfeit.
  • About 90% of U.S. paper money has traces of cocaine on it.
  • In 1910 there was about $3.1 billion in currency circulation in the U.S. Today that amount is about $888.3 billion in circulation.
  • The $5 bill has the shortest lifespan of paper currencies, lasting about 16 months. The $100 bill has the longest lifespan at 73 months.
  • It costs 1.6 cents to produce a 1-cent coin.
  • The U.S. Mint ended up losing $2.2 million dollars making nickels and $19.8 million making pennies in 2009.
  • Even with all the credit and debit cards used today, 35% of all U.S. transactions are still made with cash.

Those are some pretty interesting facts. Even though only 1 in every 10,000 bills is counterfeit, this can vary from city to city and state to state. It is still a good idea to verify the authenticity of your bills by scanning them with a counterfeit bill detector. You can find our entire selection of counterfeit bill detectors here.

If you are a business that continues to conduct a lot of transactions using cash, you may be in need of a bill counter. At ABC Office we carry a huge selection of bill counters found here.

Do you know any fun or interesting facts about money? Feel free to post your thoughts and ideas in a comment!

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