WEIRD FACTS ABOUT
MONEY

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MONEY

The word 'money' comes from Moneta, one of the names of the goddess Juno.

The Roman mint was in her temple.

In the USA, calling a dollar a 'buck' comes from a time when buckskin was used as currency.

Piggy banks get their name from a clay called pygg.

Money was saved in pygg jars, which were then made in the shape of pigs and called piggy banks.

The total value of all Bank of England banknotes in circulation at the end of February 2008 was £44,979,000,000.

The coins in circulation added about another £3.1 billion to the total.

The estimated numbers of each coin in circulation at the end of March 2008 according to the Royal Mint were as follows:

Coin Number Value
(millions) (£million)

£2 312 624
£1 1,470 1,470
50p 820 410
20p 2,315 463
10p 1,625 163
5p 3,783 189
2p 6,614 132
1p 10,920 109

If all those coins were divided equally among the population of the UK, each person would end up with £58.38 each in loose change.

A £2 coin weighs exactly 12g
a £1 coin weighs 9.5g
a 50p coin weighs 8g
a 20p coin weighs 5g
a 10p coin weighs 6.5g
a 5p coin weighs 3.25g
a 2p coin weighs 7.12g
and a 1p coin weighs 3.56g

So, if all the national coinage were divided equally among the entire population, every Briton would be weighed down with an average of 2.37kg of loose change.

By the end of 2011, the total amount of sterling currency in circulation had risen to £52.2billion in banknotes plus £3.68bn in coins, giving a total of £55.88bn.

In the United States, a dime has 118 ridges around its edge but a quarter has 119 ridges.

'Money is better than poverty, if only for financial reasons'
Woody Allen


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