Friday, August 10, 2007

10 Useless Facts about the US Dollar

I was perusing website for the US Department of The Treasury and stumbled on the website for the US Bureau of Engraving, which I found quite interesting. Amaze you friends! Impress your banker! Become a fascinating conversationalist with these 10 Useless Facts about the United States Dollar:

1. The U.S. dollar is the currency most used in international transactions.

2. Several countries use the U.S. dollar as their official currency, many others use it in a de facto capacity.

3. In 1995, over US $380 billion were in circulation, two-thirds of which was outside the United States. By 2005, that figure had doubled to nearly $760 billion, with an estimated half to two-thirds being held overseas.

4. If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years for you to go broke.

5. 95% of the notes printed each year are used to replace notes already in, or taken out of circulation. During 2006, 55% of the notes printed were $1 notes.

6. Currency paper is composed of 25% linen and 75% cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper. Prior to World War I the fibers were made of silk.

7. It takes appriximately 4,000 double folds (first forward and then backwards) before a US note will tear.

8. The average life span of a US note varies by denomination:
Life Span
$1 = 21 months

$5 = 16 months

$10 = 18 months

$20 = 24 months

$50 = 55 months

$100 = 89 months

9. A stack of currency one mile high would contain over 14½ million notes. I think I'll start working on trying to build that stack...

10. One million dollars in $1 bills weighs 2,040 pounds, so if you ever need to move your cash, plan on renting a U-Haul.

Happy Friday to everyone, see you tomorrow for The Saturday Seven!

-Rick Rockhill


karma lennon said...

Wow. That's a lot of info on the dollar bill. I love random bits of knowledge. Happy Friday! :)

Empress Bee (of the High Sea) said...

have a great weekend rick and thanks for the $ facts!

smiles, bee

marlupe said...

If only I had to worry about how much $1 million weighs! fun post rick. have a great weekend.

captain corky said...

All this talk of money makes me wish I had some...

I need a drink!

EBEZP said...

I discovered in a chat box last night that there is no £ sign on US keyboards but we have $, that's another piece of trivia to do with the $
Nice one Rick!

madame x said...

I once had a boyfriend that could fold a dollar bill into a bowtie. He saved up all his bowties to buy me a watch... (refer to your post of embarassing moments) :)

Burfica said...

and both shields on the back are shields of the free masons. hehehehe

Seeeee... I know useless crap too. lmao

Lewis said...

Have you ever been to the US Mint where they print? I tried, but they closed them to the public after 9/11. Watched a few shows on the Discovery Channel....amazing stuff!

Steven said...

Fun facts on worn out George. In regards to #9, I'll start my pile with Franklins. ;-)


This blog is about life experiences & observations and stuff I am interested in. It is simply a side hobby and creative outlet; generally, with a tongue-in-cheek tone. I don't take it too seriously, nor should you. I do not profess to represent every point of view. Nothing on this site is a paid post.

It is for entertainment purposes only it, so just lighten up and just enjoy it. Life is short, live in the moment.

As the author, thoughts/views have no affiliation to my clients, business colleagues or my company.

This blog is independent and free of any type of financial affiliations. Some images used are from the internet and sometimes hard to credit them, so if you own any and want them removed just send me a message.

No copyright infringement intended. I am not responsible for defamatory statements bound to government, religious, or other laws from the reader’s country of origin or residence. The intention of this blog is to do no harm, defame, libel or offend anyone.