Money and politics go hand in hand.
The most important Presidential election in history is just around the corner, and you know what else prominently features Presidents?
Money!
What better way to celebrate the election than to talk about money?
While we contemplated something along the lines of “Bad Financial Advice from U.S. Presidents,” we thought something more lighthearted and fun, but also informative, was in order.
With those ideas in mind, we spent several weeks (okay, maybe just a few hours) scouring the internet looking for the most interesting money facts we could find.
These facts cover U.S. currency, world money, and historical money. They range from the depressing to the exciting, from the shocking to the bizarre.
Here are 100 fascinating money facts for you to enjoy.
Fact 1. The study of money
The study of money is called numismatics.
Fact 2. Giddy up!
The first Philadelphia Mint used horses in harness to drive the machinery that produced coins.
Fact 3. China did it first
The first paper money was made in China 1,000 years ago.
Fact 4. Coins go waaaay back
The first coins were made about 2,500 years ago.
Fact 5. Queen Elizabeth II is a money icon
Queen Elizabeth II has appeared on more currency than any other person.
Fact 6. There’s a lot of currency out there
There are over 170 different currencies in use around the world.
Fact 7. Monopoly money is easier to come by
There is more Monopoly money printed every year than actual money.
Fact 8. Real-life currency is getting more rare
Only 8% of currency is in physical form.
Fact 9. Money is actually gross
Money is estimated to be dirtier than a toilet.
Fact 10. Goodbye, slugs, hello pennies!
Pennies planted in the garden will repel slugs.
Fact 11. The TSA has a full piggybank
The TSA collected $765,759.15 in loose change at airport security checkpoints in 2015.
Fact 12. Average allowance money
The average allowance is $65 a month.
Fact 13. Piggybanks have history behind them
Piggy banks originated from the “pygg,” a clay used for making jars that held money.
Fact 14. ATMs stretch all seven continents
In fact, there is an ATM in Antarctica.
Fact 15. Lottery tickets actually have a small following
Over half of lottery tickets are bought by 5% of people.
Fact 16. Pablo Escobar even made rats rich
Drug Lord Pablo Escobar had so much money laying around that rats ate approximately $1 billion.
Fact 17. Have shriveled dollar bills?
Putting bills in the microwave for about 20 seconds will make them crispy again.
Fact 18. One dollar can take you a long way in some places
The largest denomination ever printed was in Hungary in 1946, worth 100 quintillion pengoes.
Fact 19. Salary = salt?
The word “salary” comes from sal, meaning “salt” in Latin. Early Romans used salt as money.
Fact 20. Zimbabwe faced huge inflation
The world’s worst inflation is in Zimbabwe. There was a 6.5 sextillion percent inflation rate in 2008.
Fact 21. Again, China did it first (this time with money lingo)
The word “cash” originated in ancient China, where a bundle of 100 coins was called one cash.
Fact 22. Cent is derived from Latin
The word “cent” is derived from the Latin centum, meaning “hundred.”
Fact 23. The term “Cash Cow” was actually based off of cows…
The term “cash cow” originated from early forms of currency in the form of livestock.
Fact 24. Going to space is expensive stuff
The International Space Station is the most expensive object ever built at $150 billion U.S.
Fact 25. The sand dollar actually was… a dollar
Sea shells were once commonly used as money in many parts of the world.
Fact 26. Bill Gates is set for life (even as a high-roller)
Even spending $1 million a day, it would take Bill Gates 218 years to spend all his money.
Fact 27. Credit cards aren’t even that old
Credit cards originated in the U.S. during the 1920s and could be used at individual companies.
Fact 28. The Diner’s Club made history
The first credit card that could be used at a variety of companies was introduced by the Diner’s Club in 1950.
Fact 29. The first national bank card began in California
The first national bank card was BankAmericard, which began in California with Bank of America in 1958. It was later renamed VISA in 1976.
Fact 30. Apple makes more per minute than most people per year
Apple earns $300,000 per minute.
Fact 31. The Secret Service had a different original purpose
The Secret Service was originally created to fight counterfeiting in 1865.
Fact 32. Want to become a money engraver?
It takes 12-15 years of training to become a money engraver.
Fact 33. A 12-year-old started the gold rush
The first gold rush in the U.S. happened in 1799 in North Carolina, when a 12-year-old boy found a 17-pound gold nugget on his family’s farm.
Fact 34. Adults love their credit cards
The average adult has between 8 and 10 credit cards.
Fact 35. Some more than others…
Walter Cavanagh, also known as Mr. Plastic Fantastic, has more than 13,000 credit cards.
Fact 36. The dollar bill has hidden meanings behind it
The Latin E Pluribus Unum means “one out of many” and means one country out of many.
Fact 37. How long does money last?
A $1 bill lasts an average of 18 months, a $5 bill lasts two years, a $10 bill lasts three years, a $20 bill lasts four years, and $50 and $100 bills last an average of nine years.
Fact 38. Nothing to fear, new money is printed every day
38 million notes with a face value of $541 million are printed every day.
Fact 39. Out with the old, in with the new
Ninety-five percent of the notes printed each year replace those already in circulation.
Fact 40. $1 bills take the lead
Almost half of all notes printed are $1 bills.
Fact 41. Paper bills are designed with comfort in mind
Paper bills are made of 25% linen and 75% cotton.
Fact 42. Martha Washington made it on money
Martha Washington is the only woman to appear on a U.S. currency note back in 1886, 1891, and 1896.
Fact 43. A two-cent coin did exist at one point
A two-cent coin was minted between 1864 and 1873.
Fact 44. Coins tell you where they were produced
The marks “S,” “D,” “P,” or “W” designate the Mint where the coin was produced.
Fact 45. There are four U.S. Mint locations
The four U.S. Mints are located in Philadelphia, Denver, San Francisco and West Point, New York.
Fact 46. Quarters were a lot fancier at one point
Quarters were originally made of silver.
Fact 47. Lady Liberty was the OG on the quarter
Lady Liberty was on the quarter for over 100 years before being replaced by George Washington in 1932.
Fact 48. The penny likes to be bold
The penny is the only coin where the figure faces to the right.
Fact 49. In fact, you lose money making pennies
A penny costs more than a penny to make (about 2.4 cents).
Fact 50. U.S. currency used to have a huge value at point point
The largest U.S. currency was the $100,000 bill.
Fact 51. U.S. money may not grow on trees, but it can help grow trees…
A farm in Delaware mulches 4 tons of U.S. bills into compost daily.
Fact 52. Nothing is perfect, except fake money
Counterfeit currency is frequently detected because they are more perfect than actual currency.
Fact 53. A pound of dollar bills doesn’t come easy
454 bills are equal to one pound.
Fact 54. $20 bills get the most heat
The most counterfeited bill is the $20 bill.
Fact 55. Each bank used to be in charge of printing money, too
Each bank printed its own money until the Federal Reserve was established in 1913.
Fact 56. The $1 bill commemorates the original 13 colonies
The $1 bill contains many references to the original 13 colonies (look for things in 13).
Fact 57. Disney World has their own money
Many communities throughout the U.S. have their own currency, such as Walt Disney World.
Fact 58. The Liberty Head nickel will cost more than five cents
The 1913 Liberty Head nickel sold for $43.7 million, with only 5 known to exist.
Fact 59. Ridges on coins have a purpose
Coins have ridges to deter counterfeiting, as people used to shave the edges off coins back when they were made of gold and silver.
Fact 60. Quarters are groovy!
There are 119 grooves on the outside of a quarter.
Fact 61. Sorry, you can’t have your face on money if you’re reading this
No living person can have their face on currency.
Fact 62. The first U.S. woman on a coin wasn’t even American
Queen Isabella of Spain was the first woman to appear on a U.S. coin.
Fact 63. Non-presidents are on U.S. bills
Benjamin Franklin and Alexander Hamilton are the only non-President to appear on a U.S. bill.
Fact 64. $2 bills are cool, but not with superstitious people
$2 bills are largely considered unlucky.
Fact 65. Thank Pablo Escobar for this one…
Eighty-five to 95% of paper money contains traces of cocaine.
Fact 66. The $1 bill is due for an upgrade
The $1 bill hasn’t had a redesign in over 50 years.
Fact 67. U.S. dollar bills have discreet security designs
Security threads on different U.S. bills glow in different colors.
Fact 68. U.S. dollar bills have a good profit margin
All U.S. bills cost less than 20 cents to make.
Fact 69. U.S. dollar bills can be printed in one of two places
All U.S. dollar bills are printed in either Washington, D.C. or Fort Worth, Texas.
Fact 70. States could make their own money before the consititution
The original Article of Confederation (the predecessor to the Constitution) gave states the right to make their own money.
71. The Civil War had specific currency made by the U.S. government
“Greenbacks” were paper currency issued by the U.S. during the Civil War.
Fact 72. The Confederate, however, had their own currency during the Civil War
“Greybacks” were paper currency issued by the Confederate States of America during the Civil War.
Fact 73. U.S. currency stretches international borders
Two-thirds of U.S. currency is found outside the U.S.
Fact 74. Got ink?
7 tons of ink is used to print money every day.
Fact 75. Need to use change for a dollar? You got options
There are 293 ways to make change for $1.
Fact 76. I dare you to try ripping a dollar bill
A bill can be folded 4,000 times forward and backward before it will rip.
Fact 77. “In God We Trust” isn’t an old phrase
The motto “In God We Trust” first appeared in 1963.
Fact 78. The silver dollar’s eagle actually existed
The bird on the silver dollar was a real eagle named Peter.
Fact 79. Coins have a long circulation life
Coins can last an average of 30 years in circulation.
Fact 80. $1 bills are heavier than $100 bills
One million $1 bills would weigh 2,040.8 pounds, while one million in $100 bills would weigh only 20.4 pounds.
Fact 81. “Buck” comes from the actual animal
The slang “buck” comes from times before paper money when Americans would trade buck animals for goods and services.
Fact 82. The dollar was born in 1785
The U.S. officially adopted the dollar as its unit of currency in 1785.
Fact 83. The gold standard is a thing of the past now
The U.S. went off the gold standard (currency is backed by gold) on August 15th, 1971.
Fact 84. The only number on coins is their birth year
The only number on a coin is the year it was minted.
Fact 85. Billions of dollar bills are in circulation
There are between 7.5 and 9 billion $1 bills in circulation at any given time.
Fact 86. MYOB , will you?
The motto on the first U.S. coin was “Mind Your Business.”
Fact 87. Nickels cost more than dimes in production
Nickels are more expensive to make than dimes.
Fact 88. The time 4:10 has significance
The clock in the steeple of Independence Hall on the back of the $100 bill is set to 4:10.
Fact 89. North Korea has a history of U.S. money fraud
North Korea is the greatest culprit of counterfeit American currency.
Fact 90. Modern pennies aren’t actually made of copper
Today’s pennies are made from 95% zinc and coated in copper.
Fact 91. We are in A LOT of debt as consumers
The total outstanding U.S. consumer debt is currently $3.9 trillion.
Fact 92. More than a third of that debt is from credit cards
Thirty-seven percent of all households carry some sort of credit card debt.
Fact 93. Do you know your net worth?
One in five Americans have a zero or negative net worth.
Fact 94. Gambling brings the most U.S. revenue
Gambling in the U.S. brings in more revenue than theme parks, sporting events, cruise ships and music combined.
Fact 95. Forget retiring at 65
Ninety-six percent of Americans will not be able to retire by age 65.
Fact 96. Student loan debt is a real problem
The total amount of outstanding student loan debt hit $1 trillion in 2012.
Fact 97. Car loans are going up
The average new car loan is now more than $30,000.
Fact 98. Interest is a never-ending cycle
The average American will pay more than $600,000 in interest over their lifetime.
Fact 99. In fact, 12% of your income goes towards it
Twleve percent of the money taken home by the average American family is spent on interest.
Fact 100. Can you cover an expense of $400 or more?
Forty-seven percent of Americans cannot cover a $400 expense without borrowing money or selling something.
Moral of the story
Whew!
What a list of money facts. The founding fathers would be proud.
While the majority of our articles seek to impart deep and profound finance knowledge, we thought we’d change things up a bit for the election by compiling 101 fascinating money facts for you to peruse and do with what you will.
Hey, at least you’ll be able to clean up on Jeopardy night!
Talk about Money Learned.
This article originally appeared on MoneySavedMoneyEarned.com and was syndicated by MediaFeed.org.
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