Colombia has issued a new a 50,000 Pesos note on August 19, 2016. The note features Colombian novelist Gabriel García Márquez in the front. The back shows Natives, Ciudad Perdida (heart of the Tayrona culture in the Sierra Nevada de Santa Marta). This is the third note issued of the new series.
Wednesday, August 17, 2016
No notes ever issued for Eastern Nigeria. These are archival photographs of face and back designs of 1 pound proofs. The proofs were printed around January 1967, just a few months before this region of Nigeria declared independence and officially named Biafra. Sold at Spink & Son Dec 9, 2014 auctions. Estimated value: 300-400 GBP ($390-$520)
Monday, August 8, 2016
Southern Nigeria (1900 – 1914) was ruled by British,and pound sterling was the official currency till 1913. British West African pound was used from 1913-14.
In 1909, there was a proposal to Introduce a new currency for "Southern Nigeria", and the order was given to British Banknotes printing company De La Rue. Unfortunately the work was stopped for unknown reason at the initial designing stage itself and British pounds were continued to use till 1913.
No notes ever issued for Southern Nigeria. The printers archival photographs of proofs, including the five designs for the front of the five proposed denominations, and seven alternate designs for the back, were sold at Spink & Son April 10-12, 2013 auctions for 4000 GBP (about $5200).
info courtesy of Ram Kumar
Thursday, August 4, 2016
80% of millionaires drive used cars.
A dime has 118 ridges around the edge, a quarter has 119.
A million dollars' worth of $100 bills weighs only 22 pounds!
About 10% of U.S. households pay their bills in cash.
According to Gaming Law, casinos have to stock enough cash to cover all the chips on the 'floor'.
America once issued a 5-cent bill!
Americans spend more than 5.4 billion dollars on their pets each year!
Approximately 40% of the U.S. paper currency in circulation was counterfeit by the end of the Civil War.
Each 5 m.p.h. you drive over 60 m.p.h. is like paying an additional $.10 a gallon for gas!
Each day, more than $40 Trillion Dollars changes hands worldwide.
If you toss a penny 10,000 times, it will not be heads 5,000 times, but more like 4,950. The heads picture weighs more, so it ends up on the bottom.
In 1987 American Airlines saved $40,000 by eliminating one olive from its First Class salads.
In 1999, Pepsi, Inc. paid $0.00 in income tax!
In the U.S., for every dollar you spend on gasoline 27 cents of it is in taxes.
In the U.S., more than 10% of lottery prizes go unclaimed!
It costs about 3 cents to make a $1 bill in the United States.
Just one in three consumers pays off his or her credit card bill every month.
Martha Stewart became a billionaire while in prison.
More Monopoly money is printed in a year, than real money printed throughout the world!
Nearly 22,000 checks will be deducted from the wrong account over the next hour.
Nearly 30% of female lottery winners hide their winning ticket in their bras.
Oil tycoon, John D. Rockefeller, was the world's first billionaire.
On average, the life span of an American dollar bill is eighteen months.
Over 50% of lottery players go back to work after winning the jackpot.
Paper money is not made from wood pulp but from cotton. This means that it will not disintegrate as fast if it is put in the laundry.
Pocahontas appeared on the back of the $20 bill in 1875.
The Australian $5, $10, $20, $50 and $100 notes are made out of plastic.
The Bank of America was originally the Bank of Italy!
The creator of the NIKE Swoosh symbol was paid only $35 for the design.
The face of a penny can hold about thirty drops of water.
The first household refrigerators cost about $16,000, in today's money!
The Mint once considered producing doughnut-shaped coins!
The most common time for a bank robbery is Friday, between 9 and 11 a.m. The least likely time is Wednesday, between 3 and 6 p.m.
The oil used by jewelers to lubricate clocks and watches costs about $3,000 a gallon.
The revenue that is generated from gambling is more than the revenue that comes from movies, cruise ships, recorded music, theme parks, and spectator sports combined.
The three wealthiest families in the world have more assets than the combined wealth of the forty-eight poorest nations.
There are 293 ways to make change for a dollar.
There are more female than male millionaires in the United States.
There is no tipping at restaurants in Japan.
To sell your home faster, and for more money, paint it yellow.
Traces of cocaine were found on 99% of UK bank notes in a survey in London in 2000.
Until 1857, any foreign coins made of precious metal were legal tender in the United States.
Until the nineteenth century, solid blocks of tea were used as money in Siberia.
WAL-MART generates $3,000,000.00 in revenues every 7 minutes!
Warner Chappel Music owns the copyright to the song 'Happy Birthday'. They make over $1 million in royalties every year from the commercial use of the song.
Woodpecker scalps, porpoise teeth and giraffe tails have all been used as money.
Wednesday, August 3, 2016
The Bank of Thailand will issue a new 500 Baht banknote marking the 7th cycle birthday anniversary of Her Majesty the Queen on August 11, 2016 – one day before the birthday. A total 20 million banknotes were printed.
The front side of the new banknote features the image of His Majesty the King in full gown of the Maha Chakri dynasty whereas the back side bears the old image of the Royal Family, the Queen’s image as she inspected products from royally-sponsored projects and image of the Queen’s orchid and rose.
Wednesday, July 6, 2016
The European Central Bank unveiled the design of the new 50 euro banknote of the Europa series. The note is to be released into circulation on April 4, 2017. Three other denominations of this series have previously been released: €5 in May 2013, €10 note in September 2014 and €20 note in November of last year.
Monday, July 4, 2016
Money may well have made many a political career but one American artist has now forged his own success crafting politicians themselves out of cold hard cash.
Meticulously handcrafted using small pieces of money -- mostly U.S. one dollar bills --Mark Wagner's currency collages reconfigure the familiar green and black paper into mythical creatures, fantastical garden scenes and US politicians past and present.
Originally a printer and specialist book binder who has long dabbled in collage, Wagner first started cutting up dollar bills as material for his art in 1999 after he went looking for the most "common" paper he could find to use for one particular piece.
He soon came to realize the versatility money gave him as a medium, as well as the possibilities to explore what money means to people and the essential part it plays in everyone's life.
Each collage is created using small pieces of deconstructed bills, carefully glued into place using a brush, and Wagner uses every single part of the bill, whether it be for Abraham Lincoln's nose, Barack Obama's ears or for decorative framing around the edge.
The artist doesn't normally track how many bills he uses to create a collage, but says he did do a full accounting of the money used for one 17 foot tall collage he created of the Statue of Liberty -- which took 1,121 one dollar bills and 81,895 individual scraps of those bills.
This may sound expensive, but Wagner is extremely careful with his money, painstakingly positioning each small piece of money so it doesn't overlap too much, which makes his currency a cheaper artistic material than oil paint. The egalitarian nature of the bills also appeal to him, which he translates into the way its sold through posters, prints and other renderings.
And although cutting up U.S. tender is technically illegal, Wagner says he has never had any problems with law enforcement.
The U.S. Federal Reserve itself recently acquired some of his now highly-collectible art while the National Portrait Gallery, which is part of the Smithsonian Institution, once displayed a piece of his just three blocks from the Federal Bureau of Investigation (FBI) headquarters.
Extracted from original article by Georgia McCafferty for CNN July 4, 2016