Thursday, March 10, 2011

Currency Incongruity

So I started thinking the other day about how incongruous our currency is.  Usual change for $1, is broken up into a penny, nickel, dime, quarter.  Our bills are $1, $5, $10, $20, $50, $100. There is no quarter of 100, a $25, but we have quarters in change. We have no 20¢ cent piece. We had one but it was discontinued in 1878, after a short 3 year stint. Where is the consistency? I couldn’t find any. But, I found out so many interesting things with just a little research.

This is some information from Wikipedia about our coinage minting.
·     Half-cent 1792 - 1857
·     Penny 1793–present
·     2-cent 1864–1873
·     3-cent 1851-1873
·     Half Dime 1792-1873 (Not to be confused with the Nickel below also worth 5 cents)
·     Nickel 1866–present
·     Dime 1792–present
·     20-cent 1875-1878
·     Quarter 1796–present
·     Half dollar 1794–present
·     Dollar coin 1794–present
·     Quarter Eagle ($2.5 gold coin) 1792-1929
·     Three-dollar piece 1854-1889
·     Half Eagle ($5 gold coin) 1795-1929
·     Eagle ($10 gold coin) 1795-1929
·     Double Eagle ($20 gold coin) 1850-1933


We used to print higher number bills, but currently we only print $1, $5, $10, $20, $50, $100. I suppose that any higher amount is handled electronically now.


Bills wear out at different rates, apparently the $5 is our most commonly used bill.


Denomination
$1  
$2  
$5  
$10 
$20 
$50 
$100
Months in circulation
21  
136  
16  
18 
24 
55 
89

5 comments:

apple slice said...

double eagles. now, we're talking! i love money. internationally, it is colored.

Marie said...

Very interesting. Egypt has coins for both 20/100 and 25/100 currently in circulation. I wish our coins had holes through the middle like the Egyptian 25 piaster piece -- then we could wear our money on a chain around our necks. Why make coins and bills so pretty and intricate -- and why make so much effort to earn money -- if you're not going to make an effort to appreciate its physical beauty while you've got it?

Rachel said...

I love money too...not in the filthy lucre sort of way, but in the way coins all around the world make such a pleasant clinking sound.

Marie: and add "show it off!". becaue if you have lots of pretty money it would be nice to wear it as a necklace, but then you might get robbed, so maybe not. Is there no perfect solution? Maybe holigraphic images?

Marie said...

25 piastres is so little money no one would bother to rob you. Roughly equivalent to wearing a necklace of pennies. But you're right -- bowtie made from a $100 bill is a bad idea. :)

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