5 interesting things to know about money

11/13/2020

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Society Story: 5 interesting things to know about money

We look forward to it every month. It’s something we use to buy our favorite things, pay our bills, or save in our piggy banks. Money. Let's learn 5 interesting facts about it.

#1 Slugs and snails don’t like some coins

If you’re a gardener and you’re sick of these slimy creatures eating your fruits and vegetables, then it’s time to look for coins. Snails and slugs really dislike pennies. What repels them is the copper that pennies contain.

You can’t just use any penny though. You have to look for pennies that were made prior to 1983. Modern pennies are made mostly of zinc.

#2 There are 4 active mints in the US today

They are located in Philadelphia, Denver, San Francisco, and West Point. The first national mint in the US was established in 1792 in Philadelphia.

#3 Money doesn’t grow on trees

You’ve probably heard of this from your parents but that's actually more than just a funny saying. Bills are really not made of paper which is made from trees. They are made of 75% cotton and 25% linen.

#4 Money used to be made of paper

To financially support the American Civil War, the federal government issued paper money. The Revolutionary War was paid with paper money which the Continental Congress printed out. Bills printed by state-chartered banks were known as greenbacks. The backsides of these bills were painted green as an anti-counterfeiting measure.

#5 Dollars are green for a reason, and not only because it's a lucky color

The green ink makes the US dollar more durable. This color isn’t susceptible to fading and flaking.

Do you know any other interesting facts about money? Tell us in the comments!

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What are your thoughts on this subject?

8 Comments

Raymond Cardona

As a Canadian I find US dollars difficult I have to be careful when handling so I don't give the wrong ones our money is different colors so it's easier Bonnie

Elsy O. Stromberg

johnedaura, It gets bleached, which is different than fading.

Louella Wilson

Much of this is about US money and is not applicable to much of the world, where paper, cotton or linen notes are not used. Australia was the first country to issue polymer banknotes in 1988. It was one of the first things that I noticed when I came here that year. Different colours and slightly different length for each denomination. The latest series includes tactile features and clear windows.

David Holmes

Raymond Cardona, Most other countries use different colours.

Leticia Olsen

🤫The Chinese like red money. Red colour to them is lucky. In the Philippines put some coins in your pocket before the 12midnight strikes for new year and shake your pocket with the coins and it will give you good luck and you’ll always have money for that year. It seems everyone tossed the coin for head and tail!! Why only coins have to save in piggy bank??🤑

Steve Tingle

Knew the one about snails (and slugs) as you can buy thin copper ribbon to stick round plant pots when used outside.

Ilias Tsiabardas

Not hire, in Canada's Currency Made Of Synthetic Polymer

johnedaura

The last one should read "the green ink is not AS susceptible to fading and flaking. The green ink can fade if exposed to well chlorinated pool water for long periods of time.