The Seven Wonders of Money

By
Title Insurance with Family Abstract, Inc.
http://actvra.in/JfT

Have you ever wondered how the cash in your wallet was created?title insurance  Why the color green was chosen for all paper currency and whether or not the money you possess will be worth anything in 5 years, 50 years or 500 years?  Well wonder no more as I’ve laid out seven common questions about money and their answers.

Why is a Piggy Bank Called a Piggy Bank?

There two schools of thought on this one.  The first and most believed reason for the term “Piggy Bank” comes from Middle English.  The word “pygg” referred to a kind of clay used for making pots and jars.  Most people saved their money in jars hundreds of years ago, and as the English language developed, the term “pygg jar” evolved into the beloved term “piggy bank”.

The second, less likely possibility comes from Germany.  Countries in Western Europe have always used the symbol of the pig as good fortune, and thus keeping money in small banks that look like a pig would bring good fortune, thus piggy banks were designed.

Why is Money Green?

Cash hasn’t always been green, but when the United States decided to shrink the size of currency, they also found an ink that made it next to impossible to counterfeit.  The ink used to print currency had a green tint to it, was plentiful (and cheap) and had good psychological components to its color.  The color green represents prosperity, growth and positivity whereas a color like red would represent the opposite.  To this day, the exact makeup of the green ink used is as mysterious as the recipe for Coca Cola.

Why Does Money Smell So Good?

As stated previously, cash is made up of cotton and linen.  As I write this, I have a white Yankee Candle burning in my office titled “Clean Cotton”.  For whatever reason, the smell of fresh clothing, especially cotton is pleasing to the senses.

Title InsuranceDoes Money Grow on Trees?

No way Jose.  Because money is made up of cotton and linen, you won’t see any of it growing on the cedar tree outside.  But if you know of any cotton fields next to your home, you’re one step closer to being a billionaire! (Don’t get any ideas)

Why Does Money Survive the Washing Machine (unlike other paper)?

You wouldn’t know it to look at it, but US paper currency is made up of 75% cotton and 25% linen.  Unlike regular printing pager, money thrown in the washing machine would actually survive because the fibers are woven so close together.  It’s as if you were washing a small cloth rather than a piece of currency (but be careful to test, because the ink could make sure you wear the color green for a while!)

Can Money be Mailed?

Sending cash through the mail is always a risky proposition, but it’s 100% legal.  The United States Post Office will insure any package you send (for a nice fee of course) but if you send your cash uninsured and it is lost, you’re out of luck.

Will Cash Eventually Disappear?

The word eventually would suggest that at some point in time, the answer is yes.  There will be a day in the future when all cash no longer exists, but that day is quite far away.  In fact, cash has made a bit of a comeback in recent years due to the financial collapse of 2008 and Americans vile towards big banks.

Online purchasing has become increasingly popular and virtual currency like BitCoins (www.BitCoins.com) are starting to gain traction.  Still, don’t expect people to burn their cash anytime soon.  Thanks Smarty Pig and Sarah Foss

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Family Abstract, Inc.From my family to yours, from Title Insurance commitment to policy, all our very best!  Take at least a moment each day to smile and laugh, then call Family Abstract for all your title needs in PA, NJ, MD and FL.  At Family Abstract, Inc. We look forward to making you, and your clients smile very day, especially the day of settlement.  Please like us on Facebook, Please “Plus 1 us on Google, and in the end, PLEASE  give us the honor and privilege of doing title insurance for you or your clients.

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About Family Abstract, Inc.

Established in 2002, Family Abstract, Inc. provides Title Insurance to clients and customers throughout Florida, Maryland, New Jersey and Pennsylvania with more than 40 years of combined experience in management alone. We pride ourselves on retaining the most skilled and knowledgeable employees who share our goals of providing the best service in the industry.

Located in Horsham, Pennsylvania, Family Abstract, Inc. maintains an extensive network of skilled title insurance abstractors in all the states we service in addition to a nationwide network of qualified closing agents who are available to close loans at any location.

Backed by the strength of four title insurance underwriters, we are able to provide expert attention to detail without sacrificing versatility in the closing process, thus providing more options in difficult title situations. Due to our depth of industry knowledge and commitment to excellent service, Family Abstract, Inc. has been able to develop client relationships that have endured for decades.

Having successfully settled and insured thousands of transactions, we have already earned the trust and confidence of hundreds of customers, lenders, brokers, and realtors and now we would like to share our expertise with you!

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Show All Comments
Ambassador
1,474,462
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Glenn- I've "laundered" so much money courtesy of my husband's pockets, but I guess I never wonder why it didn't fall apart like paper. Good info!

Sep 26, 2012 09:53 AM #1
Rainer
277,179
Steven Cook
No Longer Processing Mortgages. - Tacoma, WA
- Pierce, King, Kitsap, Thurston, Mason Counties

Glenn -- thanks for the informational review on money - and what it is.

Sep 26, 2012 10:21 AM #2
Rainer
158,919
Glenn Freezman
Family Abstract, Inc. - Horsham, PA

kathy, great answer, very funny.  My wife had me convinced that If I put bills in the wash she could turn them into change.

Sep 26, 2012 11:35 AM #3
Rainer
158,919
Glenn Freezman
Family Abstract, Inc. - Horsham, PA

Steven, now if this topic is on Jeopardy you can play to win.

Sep 26, 2012 11:35 AM #4
Rainmaker
538,158
Curtis Van Carter
Coldwell Banker Brokers of the Valley, Yountville Napa Valley - Yountville, CA
Napa Valley's Broker Extraordinaire in Yountville

Glenn

Thanks for this very good read filled which a lot of info I never knew. cheers cvc

Sep 26, 2012 12:12 PM #5
Ambassador
1,474,462
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

  
  Thanks for the Ah-ha moment!
Featured you in my Weekly Post!

Sep 29, 2012 08:28 PM #6
Rainmaker
575,116
Valerie Zinger
House Proud Ottawa-Ontario-Canada - Ottawa, ON
Home Organizer
Glenn. I love having money in my wallet. Of course, I would love having a huge bank account too. Your post is very entertaining and informative. I have washed bills and they survived. Of course it was an accident. Don't you love putting on an old jacket and finding five dollars in the pocket?
Sep 30, 2012 05:28 AM #7
Rainmaker
1,360,825
Kristin Johnston, Waukesha Realtor 414-254-6647
RE/MAX Realty Center - Waukesha, WI
Waukesha County Realtor, RE/MAX Buyer Agent

I saw your post from Kathy's and I agree with her...a lot of AHA moments...well done!

Sep 30, 2012 07:02 AM #8
Rainmaker
420,226
Melissa Marro
Watson Realty Corp - Saint Augustine, FL
St Augustine, St Johns, Ponte Vedra

Interesting tidbits... thanks for sharing them. 

Sep 30, 2012 08:11 AM #9
Rainmaker
954,820
Kathy Clulow
RE/MAX All-Stars Realty Inc. Brokerage - Uxbridge, ON
CNE - ASP - SRES .... Uxbridge Ontario Real Estate

 Glen -A cashless society may be closer than we think ..... it is already possible to carry on day to day activities with little or no cash in your pocket ..... the next step is not that far away

Sep 30, 2012 08:20 AM #10
Rainmaker
233,579
David Grbich
Ventana Coastal Properties - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Great post - I had several bills washed last week and all survived and came up nice and clean. Regards Dave

Sep 30, 2012 08:23 AM #11
Rainmaker
651,810
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Glenn:

I am glad that Kathy features you in her post.  I love this kind of information.  Is it OK to use it on my facebook page.  No problems with copywrite?

Sep 30, 2012 11:28 AM #12
Rainer
35,222
Michelle Rosser
Maximum One Realty - Fayetteville, GA
GA Realtor ~ Atlanta Real Estate-Fayette & Clayton

Thanks for sharing those interesting facts

Sep 30, 2012 12:01 PM #13
Rainer
54,577
Monique Keith
Keller Williams Realty Sonoran Living - Ahwatukee, AZ
Ahwatukeenulls Favorite Realtor, Buyers Agent with The Mike Mendoza Team

This was some fun facts about cash. I need to look into that website you mentioned. Also a fun fact they stopped printing the $10 bill in recent years. 

Sep 30, 2012 12:32 PM #14
Rainmaker
543,964
Gretchen & Mel Ahrens
ColumbiaGorgeFSBO.com - Hood River, OR

Very interesting reading Thanks for the quick lesson on money! Many facts I did not know.

Gretchen

Sep 30, 2012 01:31 PM #15
Rainmaker
174,856
Michelle Finnamore
in Vaughan and Toronto GTA - Vaughan, ON
Preparing your property for sale

Didn't know about money being almost like fabric. Our money is plastic like in Australia. Feels odd. The $100 dollar bill smells like maple syrup which is fitting in Canada.

Oct 01, 2012 08:30 AM #16
Rainer
158,919
Glenn Freezman
Family Abstract, Inc. - Horsham, PA

Kathy, THANKS so much for making my post a an AH_HA moment.  I was away for a few days and just got back service.  I  thank all of you who commented.  It is greatly apreciated!

Oct 03, 2012 06:55 AM #17
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Glenn Freezman

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