Everyone likes money because of the value it has in itself. Coin collectors like certain kinds of money because of its rarity or historical value. Every once in a while currency comes around that is just plain fun. In 2007 the nation of Mongolia chose to honor US President John F. Kennedy because of his... Continue Reading →
As President Harry Truman's daughter, Margaret, played the piano one day, she was startled as one leg of the piano suddenly dropped through the floor of the White House residential level. Engineers were called in to see what was going on, and the report was nothing short of alarming. The 150-year-old mansion was in desperate... Continue Reading →
That penny in your pocket may not be worth much, but its cheapness did not carry through to the manufacturing process. Due to rising costs of metal, as of 2016 the US Mint spend about 1.7¢ to make each penny, and about 8¢ for every nickle.
Much has been written and proclaimed about the recent decision to replace Andrew Jackson's face with Harriet Tubman's on the $20 bill. It has been so long since a change has taken place in the lineup of US currency that it is easy to assume that the current faces behind the dollar signs have always... Continue Reading →
You have to think highly of a person if you are going to suggest that person's face to adorn a denomination of currency. That gives you a pretty good idea of what Salmon P. Chase thought of himself when he selected his own face to be memorialized on the first US $1 bank note. As... Continue Reading →
Who hasn't heard an older person complain that a dollar just doesn't buy what it used to? Imagine what it was like in Hungary in the immediate aftermath of World War II, when the nation encountered the worst case of hyperinflation in history. Because of the instability of the national economy, something that cost 379... Continue Reading →
If you are traveling to the island of Yap in the Federated States of Micronesia, you might consider using a credit card, rather than having to convert your cash into local currency. The legal tender currency is called Rai, and it consists of doughnut-shaped stones, ranging from 3.5 cm (1.4 in) to 4 meters (12... Continue Reading →
Zimbabwe's rate of inflation in 1998 was 32%. That's bad by any standard, but little did they know how well off they were. Just ten years later the inflation rate was 11,200,000,000% for one month. By November 2008, per one estimate, prices were doubling every 31 hours. Its currency had sunk to such a low... Continue Reading →
Niue, a self-governed island in the South Pacific, issued currency with Pokemon characters on the legal tender coins.