http://www.visualeconomics.com/the-value-of-united-states-currency-in-circulation/ If the chart is correct: * Theirs more Benjamins than Georges. * We really need to get rid of the cent. 1.65 TRILLION EXAMPLES IN CIRCULATION?!?! * $5 bills wear out quicker than $1 bills. * $300 million in $500, $1,000, $5,000, and $10,000 bills are still in circulation. No way to figure out if part of the figure includes notes held as Numismatic Collectibles, or the infamous 1900 $10,000 Gold Certificate.
They won't be factored because they never circulated outside of FRB's anyway. They were all called in, redeemed, and cancelled. That is why the Secret Service has never made a real effort at retrieving them, they are cancelled and non-negotiable.
Always remember that articles like this are just that, articles by someone. I don't think there is any way anyone knows for sure just how much of this is true or just someone's idea of making a web site. I'd really like to see some statistics with these articles from where the facts came from. To me the internet is excessively full of information and usually much is of great value but then again........
If there are over 1.6 trillion cents in circulation I don't see what the justification for eliminating them would be. If the number was 1.6 million, I'd agree, as they obviously aren't seeing use. Guy~
That statistic would mean that someone knows how many cents have been melted, placed on RR tracks, thrown in Rivers, Lakes, Oceans, melted by Acid by kids, made into bracelets for a girl, stowed in corners of someone's basement, in bank vaults, in jars, cans, etc in a garage, and on and on and on. I'm sure the penny police have been keeping track of exactly that.
Who says they are all being used? I don't know anyone that uses them, they get them in change and sit in pockets and eventually jars at home. Or they end up in the tip jars by the registers. At work I have roughly 10 coffee cups full of cents because they are such a pain to use.
I would say a figure of 1.65 trillion says they are not being used. That works out to 5,500 cents for every man, woman, and child in the United States. I haven't seen that many cents floating around being used.
