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10 Awesome Facts You Should Know About Money

27 November 2014

10 Awesome Facts You Should Know About Money

Let’s talk about 10 awesome facts you should know about money!

Have you ever wondered about the origins of the dollar sign? It’s true, no one really knows but the U.S. Bureau of Engraving and Printing has a theory.

They believe that the design originally used to represent Spanish and Mexican pesos. Signs like “P.S” were used to be written on them and S was on top of the P.

And so they kept using it before the 1875 issue of the first U.S. paper dollar.

Plus, did you know that paper bills were first used by the Chinese, who developed a habit of carrying folding money during the Tang Dynasty.

They used it more than 500 years before the practice began to catch on in Europe.

And while we are on the paper money talk, did you know that more Monopoly money is printed every year than real money?

Too lazy to read the article? Check out this video with 15 extra facts! Make sure you subscribe to our youtube channel!

10-President Barack Obama is banned from having his face on currency

Why? Because living Presidents are banned from having their faces on currency. By legislation created during the Revolutionary years of the U.S. no living person can be featured on a coin.

It was a needed measure to prove that U.S. isn’t a monarchy, as living kings during the era were cast onto their country’s currencies.

One exception of this rule, President Calvin Coolidge got his image struck on a commemorative coin that celebrated the Sesquicentennial of American Independence, a coin that was minted in 1926.

In 1909, President Abraham Lincoln made his appearance on the penny, an appearance which is still used today.

10 Awesome Facts You Should Know About Money N10-President Barack Obama is banned from having his face on currency
10 Awesome Facts You Should Know About Money N10-President Barack Obama is banned from having his face on currency |via:via: wikimedia & democraticunderground|

 

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