PREV ARTICLE
NEXT ARTICLE
FULL ISSUE
PREV FULL ISSUE
HOW MONEY IS MADE AT THE U.S. BUREAU OF ENGRAVING AND PRINTING
Here's a short blog post from Seattle commenting on the New York Times article about how the U.S. Bureau of Engraving and Printing has slowed it's production of paper money. It includes a great slideshow of 60 images of how money is made at the BEP. Check it out! Included are sneak previews of the new yet-to-be-released $100 bill.
-Editor
Get this: Last year, the U.S. Treasury Department printed no $10 bills. Zero. When was the last time you used a Hamilton? Or, really, when was the last time you used cash? Paper money is in decline, The New York Times reports. Today, the preferred way to pay is plastic. You can't use cash on Amazon.com. You can't mail Apple an envelope full of money when you download from iTunes. Heck, you can't even use Washingtons or Lincolns anymore to buy snacks on most airlines. And there's one big exception to this trend – $100 bills are in high demand. Last year was the first time the Treasury printed more C-notes than singles, the NYT reports. And in places with fickle economies, U.S. $100 bills are hoarded almost like they're gold. It's all about the Benjamins, baby.
To read the complete article, see:
How cash money is made
(blog.seattlepi.com/thebigblog/2011/07/07/who-uses-cash TEN DOLLARS FOR A FIRESIDE CHAT WITH DAVE BOWERS!Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum All Rights Reserved. NBS Home Page Contact the NBS webmaster 
|