There never seems to be enough money in the world, especially when you’re a few days out from your next paycheck and you really want something that moment.
While money can be confounding, these facts will surprise you even more!
Pennies Cost More Than Face Value To Make
America’s smallest denomination and it’s favorite revenge currency costs a whopping 2.4 cents to make. This, coupled with slightly higher than face value costs for producing nickels ends up costing the US Government a full $100 Million!
The Largest Bill Ever Produced Was Worth $100,000
While the $100 bill has been the highest denomination bill since 1969, for a time, the $500 and $1000 dollar bills were relatively common, with $5000 and $10,000 varieties also existing.
The largest bill, however, was the $100,000, which was used for business between banks and was printed only in 1934 and 1935. It also happens to be the only currency not that is illegal for collectors to own in the United States. They have one in the Smithsonian if you’re interested in visiting it.
The Secret Service Was Established To Catch Counterfeiters
Establish in 1865, the Secret Service was not actually an agency for protecting the president, but rather was an enforcement wing of the Treasury department which aimed to track down and stop counterfeiters of US currency. In post-Civil War America, counterfeiting was a serious problem, and the Secret Service was integral to stopping it. It was only later that the agents were tasked with protecting the President and other important figures, and the agency was still a part of the Treasury department until 2003 when it was absorbed by the newly created Department of Homeland Security.