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 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!

Keith Barlow

Keith is a third generation office equipment expert. ABC Office was started by his grandfather back in 1980 and he is proud to be caring on the values that made ABC Office what it is today… unsurpassed selection, detailed information, low prices, and courteous support.

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