History UsefulNotes / AmericanMoney

20th Apr '16 4:17:17 PM Eagal
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* 20 dollars (UsefulNotes/AndrewJackson). Currently the only denomination dispensed by the vast majority of cash machines. This leads to it getting the nickname of "Yuppie food stamps" since splitting a bill at a restaurant invariably leads to the diners paying with a pile of 20s. Current bills have a faint green edge becoming orange-yellow in the center. Other nicknames are "double sawbuck", "dub", and "Jackson". Ironically, President Jackson was a firm believer in hard currency and tried to outlaw paper money.

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* 20 dollars (UsefulNotes/AndrewJackson). Currently the only denomination dispensed by the vast majority of cash machines. This leads to it getting the nickname of "Yuppie food stamps" since splitting a bill at a restaurant invariably leads to the diners paying with a pile of 20s. Current bills have a faint green edge becoming orange-yellow in the center. Other nicknames are "double sawbuck", "dub", and "Jackson". Ironically, President Jackson was a firm believer in hard currency and tried to outlaw paper money. On April 20, 2016 U.S. Treasury Secretary Jack Lew officially announced that Jackson would be replaced by Harriet Tubman on the front of the $20 bill, with Jackson appearing on the reverse.
26th Mar '16 10:05:33 PM KYCubbie
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Before the UsefulNotes/TheAmericanRevolution, it was common in multiple world currencies to physically slice a dollar (or equivalent) coin into eight ''bits'' worth 12.5 cents each. The highly popular Spanish Milled Dollar, as already mentioned, was worth eight Spanish Reals -- which was why pirates called them "pieces of eight". Slicing it into 8 pieces produced 8 bits worth one Real apiece. The "bit" denomination has survived today primarily in colloquialism: a ShaveAndAHaircut cost a quarter of a dollar, or "two bits", as advertised by barbershop quartets. This convention of dividing a dollar into 8 pieces also persisted in the Stock Market all the way through the 1980s; if you watch an older movie with the Stock Market in it, you'll see stock prices like "11 ⅝" dollars per share.

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Before the UsefulNotes/TheAmericanRevolution, it was common in multiple world currencies to physically slice a dollar (or equivalent) coin into eight ''bits'' worth 12.5 cents each. The highly popular Spanish Milled Dollar, as already mentioned, was worth eight Spanish Reals -- which was why pirates called them "pieces of eight". Slicing it into 8 pieces produced 8 bits worth one Real apiece. The "bit" denomination has survived today primarily in colloquialism: a ShaveAndAHaircut cost a quarter of a dollar, or "two bits", as advertised by barbershop quartets. This convention of dividing a dollar into 8 pieces also persisted in the Stock Market all the way through the 1980s; until ''2001''; if you watch an older movie with the Stock Market in it, you'll see stock prices like "11 ⅝" dollars per share.
26th Mar '16 10:00:04 PM KYCubbie
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It's worth noting that Canadian coins come in the same size, color, and denominations as Americans until you get to one dollar. The dollar coin, called a "Loonie" because of the loon bird picture on one of its faces. Unlike the American efforts, the Canadian government moved decisively to get it accepted, such as giving it a golden colour to make it look valuable while immediately discontinuing the $1 paper bank note; as a result, the Canadian public started using it without hesitation. They also have a $2-coin called a "toonie" that's bimetallic, with a central disc of a brass alloy encased in a silvery-colored outer ring. They're traditionally worth less and weigh less than American coins but are usually interchangeable to all but the most nitpicky cashiers and vending machines, and they draw less attention from cashiers the closer you get to the Canadian border. In some border states (e. g. Michigan) it's not unusual for up to half the change in a local's pocket to be Canadian. In addition, the Canadian government, recognizing the worthlessness of the penny nowadays, discontinued it in February 2013.[[note]]over the past few years Canadian currency has appreciated considerably relative to US currency, with the result that at certain points in the recent past (e.g. in November 2012) the Canadollar is actually worth slightly MORE than a US greenback (about 1 mill more, in fact; 1 USD = 0.999 CAN); since then, the exchange rate has stabilized such that the US dollar is usually worth slightly more than the Canadian, or the Canadian slightly more than the American, depending on the day of the week and the whims of the market. In practice, there's ceased to be any difference, and there are certain touristy places in Canada that take US money at par with Canadian. The U.S. dollar is still worth more than the New Zealand dollar, though.[[/note]]

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Another distinction of the dollar coin is that both current versions (Native American and Presidential) are the only current U.S. coins in which the value is indicated in numerals.

It's worth noting that Canadian coins come in the same size, color, and denominations as Americans until you get to one dollar. The dollar coin, called a "Loonie" because of the loon bird picture on one of its faces. Unlike the American efforts, the Canadian government moved decisively to get it accepted, such as giving it a golden colour to make it look valuable while immediately discontinuing the $1 paper bank note; as a result, the Canadian public started using it without hesitation. They also have a $2-coin called a "toonie" that's bimetallic, with a central disc of a brass alloy encased in a silvery-colored outer ring. They're traditionally worth less and weigh less than American coins but are usually interchangeable to all but the most nitpicky cashiers and vending machines, and they draw less attention from cashiers the closer you get to the Canadian border. In some border states (e. g. Michigan) it's not unusual for up to half the change in a local's pocket to be Canadian. In addition, the Canadian government, recognizing the worthlessness of the penny nowadays, discontinued it in February 2013.[[note]]over [[note]]In the past few years early 2010s Canadian currency has appreciated considerably relative to US currency, with the result that at certain points in the recent past (e.g. in November 2012) the Canadollar is was actually worth slightly MORE than a US greenback (about 1 mill more, in fact; 1 USD = 0.999 CAN); since then, CAN). After that, for a couple of years, the exchange rate has stabilized such that the US dollar is was usually worth slightly more than the Canadian, or the Canadian slightly more than the American, depending on the day of the week and the whims of the market. In practice, there's there ceased to be any difference, and there are were certain touristy places in Canada that would take US money at par with Canadian. The U.S. dollar is was still worth more than the New Zealand dollar, though.though. The 2014 collapse in oil prices, however, changed the game considerably for US–Canada exchange rates, due to the commodities sector, especially energy, being a much larger part of the economy in Canada than the States. As of March 2016, the loonie is worth about 75 U.S. cents.[[/note]]
1st Feb '16 7:33:33 PM MasoTey
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A dollar is sometimes called a "buck," in the same way a British pound sterling is called a "quid." It got this slang name because, when the dollar was formally introduced in 1792, it was worth about as much as a deerskin, which were a kind of unofficial currency out in the wilderness. One thousand dollars is called a "grand"; the origins of this slang term are unclear.

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A dollar is sometimes called a "buck," in the same way a British pound sterling is called a "quid." It got this slang name because, when the dollar was formally introduced in 1792, it was worth about as much as a deerskin, which were a kind of unofficial currency out in the wilderness. One thousand dollars is called a "grand"; "grand" (or "large"); the origins of this slang term are unclear.
1st Feb '16 7:31:38 PM MasoTey
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* Prices in dollars and cents are written with a decimal point; e.g., $4.35 means 4 dollars and 35 cents. A zero at the end of the decimal is never dropped, so 4 dollars and 50 cents would be written not as $4.5, as though it were a proper fraction, but always as $4.50.

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* Prices in dollars and cents are written with a decimal point; e.g., $4.35 means 4 dollars and 35 cents. A zero at the end of the decimal is never dropped, so 4 dollars and 50 cents would be written not as $4.5, as though it were a proper fraction, but always as $4.50.
50. (This is occasionally ignored on bar and restaurant menus, though nowhere else.)
1st Feb '16 7:28:39 PM MasoTey
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* 1 dollar (UsefulNotes/GeorgeWashington again); The most common bank note; far more popular than one-dollar coins. Often referred to as a "single", a "one", or simply a "buck". It retains its older design (black-on-white front; small, centered portrait; no highly-visible anti-counterfeiting features) and no longer "matches" higher denomination bills.

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* 1 dollar (UsefulNotes/GeorgeWashington again); The most common bank note; far more popular than one-dollar coins. Often referred to as a "single", a "one", or simply a "buck". It retains its The one- and two-dollar bills retain their older design designs (black-on-white front; small, centered portrait; no highly-visible anti-counterfeiting features) and no longer "matches" "match" the higher denomination bills.
1st Feb '16 7:27:05 PM MasoTey
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* 1 dollar (UsefulNotes/GeorgeWashington again); The most common bank note; far more popular than one-dollar coins. Often referred to as a "single", a "one", or simply a "buck".

to:

* 1 dollar (UsefulNotes/GeorgeWashington again); The most common bank note; far more popular than one-dollar coins. Often referred to as a "single", a "one", or simply a "buck". It retains its older design (black-on-white front; small, centered portrait; no highly-visible anti-counterfeiting features) and no longer "matches" higher denomination bills.
10th Dec '15 5:37:18 PM Prfnoff
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A dollar is sometimes called a "buck," in the same way a British pound sterling is called a "quid." It got this slang name because, when the dollar was formally introduced in 1792, it was worth about as much as a deerskin, which were a kind of unofficial currency out in the wilderness.

to:

A dollar is sometimes called a "buck," in the same way a British pound sterling is called a "quid." It got this slang name because, when the dollar was formally introduced in 1792, it was worth about as much as a deerskin, which were a kind of unofficial currency out in the wilderness. One thousand dollars is called a "grand"; the origins of this slang term are unclear.
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12th Nov '15 2:20:06 PM ed3891
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* ¢: Cents. Appears ''after'' the number. Used instead of, not in addition to, the dollar sign, and only if an integer number of cents are specified (rather than a decimal value of dollars). Almost ''never'' used these days, as (thanks to inflation) most goods worth buying cost more than a dollar. Even as early as the 1960s, when computer character sets were becoming standardized, neither the ASCII nor the EBCDIC character set contained a cents sign (American computer keyboards replaced it with the caret, i.e, ^). [[UsefulNotes/MicrosoftWindows Windows]] allows you to access it (relatively) quickly by holding down ALT and typing "0162" on the number pad; on [[UsefulNotes/MacOS an Apple keyboard]], type Option-Shift-4.

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* ¢: Cents. Appears ''after'' the number. Used instead of, not in addition to, the dollar sign, and only if an integer number of cents are specified (rather than a decimal value of dollars). Almost ''never'' used these days, as (thanks to inflation) most goods worth buying cost more than a dollar. Even as early as the 1960s, when computer character sets were becoming standardized, neither the ASCII nor the EBCDIC character set contained a cents sign (American computer keyboards replaced it with the caret, i.e, ^). [[UsefulNotes/MicrosoftWindows Windows]] allows you to access it (relatively) quickly by holding down ALT and typing "0162" (alternatively, ALT and "155") on the number pad; on [[UsefulNotes/MacOS an Apple keyboard]], type Option-Shift-4.
2nd Nov '15 12:05:29 PM PaddyMurphy
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Before the UsefulNotes/TheAmericanRevolution, it was common in multiple world currencies to physically slice a dollar (or equivalent) coin into eight ''bits'' worth 12.5 cents each. The highly popular Spanish Milled Dollar, as already mentioned, was worth eight Spanish Reals -- which was why pirates called them "pieces of eight". Slicing it into 8 pieces produced 8 bits worth one Real apiece. The "bit" denomination has survived today primarily in colloquialism: a ShaveAndAHaircut cost a quarter of a dollar, or "two bits", as advertised by barbershop quartets. This convention of dividing a dollar into 8 pieces also persisted in the Stock Market all the way through the 1980s; if you watch an older movie with the Stock Market in it, you'll see stock prices like "11 5/8" dollars per share.

to:

Before the UsefulNotes/TheAmericanRevolution, it was common in multiple world currencies to physically slice a dollar (or equivalent) coin into eight ''bits'' worth 12.5 cents each. The highly popular Spanish Milled Dollar, as already mentioned, was worth eight Spanish Reals -- which was why pirates called them "pieces of eight". Slicing it into 8 pieces produced 8 bits worth one Real apiece. The "bit" denomination has survived today primarily in colloquialism: a ShaveAndAHaircut cost a quarter of a dollar, or "two bits", as advertised by barbershop quartets. This convention of dividing a dollar into 8 pieces also persisted in the Stock Market all the way through the 1980s; if you watch an older movie with the Stock Market in it, you'll see stock prices like "11 5/8" ⅝" dollars per share.
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