10 Things You Should Know About Money
If you think you know everything there is to know about money, you’d probably be driving golf balls off a yacht right now. Until then, you might enjoy these 10 things you should know about money, brought to us by Alltime10s. The video was uploaded yesterday and has already received over a million views. Check out the video below and share with your friends.
10. Paper money can carry salmonella and E.coli – the flu virus is able to survive on it for 10 days. Hitachi made an ATM that heated notes to 392F° before ironing and dispensing.
9. In the U.S. 37 million bills are printed a day – $696 million. 95% is to replace currency held overseas, which amounts to 66% of U.S. money.
8. Credited with inventing the ATM, John Shepherd-Barron was inspired by vending machines. As plastic cards did not exist, radioactive checks were used.
7. A satirical magazine sent checks worth 13 cents to various wealthy people. Donald Trump and arms dealer, Adnan Khashoggi were the only ones to cash them.
6. Queen Elizabeth II appears on the currency of 33 countries, with 26 different portraits being used. Prince Charles’s portrait will face in the opposite direction once he becomes King.
5. The smell left on your hands after touching coins is a human body oder, rather than metal. Skin oils break down and decompose after touching iron, causing the smell.
4. A collector paid $2,500 for a $1 bill with a serial no. B00000002J. Collectors value unique serial numbers that fall into categories such as ‘solids’ e.g. where the number is repeated 8 times.
3. The Chinese were the first to use paper money. 500 years before Europe in 17th Century. Due to hyperinflation, they stopped its use in 1466 not using it again for several hundred years.
2. The name of the new Filipino president was misspelled on 100-peso notes. Similarly, in Chile, a million coins were struck with ‘Chiie’ – the mistake was only noticed a year later.
1. Drug lord Pablo Escobar would write off 10% of his money to water damage or rats eating it in storage. To bundle his money, he spent $2,500 per month on rubber bands.