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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Ambassador
1,432,735
Kathy Streib
Home Stager - Palm Beach County,FL -561-914-6224
Room Service Home Staging

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!

September 26, 2012 09:53 AM
Rainer
277,079
Steven Cook
- Pierce, King, Kitsap, Thurston, Mason Counties
No Longer Processing Mortgages.

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

September 26, 2012 10:21 AM
Rainer
158,907
Glenn Freezman
Family Abstract, Inc.

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

September 26, 2012 11:35 AM
Rainer
158,907
Glenn Freezman
Family Abstract, Inc.

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

September 26, 2012 11:35 AM
Rainmaker
523,138
Curtis Van Carter
Napa Valley's Broker Extraordinaire in Yountville
Coldwell Banker Brokers of the Valley, Yountville Napa Valley

Glenn

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

September 26, 2012 12:12 PM
Ambassador
1,432,735
Kathy Streib
Home Stager - Palm Beach County,FL -561-914-6224
Room Service Home Staging

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

September 29, 2012 08:28 PM
Rainmaker
574,918
Valerie Zinger
Home Organizer
House Proud Ottawa-Ontario-Canada
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?
September 30, 2012 05:28 AM
Rainmaker
1,329,921
Kristin Johnston, Waukesha Realtor 414-254-6647
Waukesha County Realtor, RE/MAX Buyer Agent
RE/MAX Realty Center

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

September 30, 2012 07:02 AM
Rainmaker
420,174
Melissa Marro
St Augustine, St Johns, Ponte Vedra
Watson Realty Corp

Interesting tidbits... thanks for sharing them. 

September 30, 2012 08:11 AM
Rainmaker
951,458
Kathy Clulow
CNE - ASP - SRES .... Uxbridge Ontario Real Estate
RE/MAX All-Stars Realty Inc. Brokerage

 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

September 30, 2012 08:20 AM
Rainmaker
233,579
David Grbich
Orange County Real Estate - 949-500-0484
Ventana Coastal Properties - www.FindCARealEstate.com

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

September 30, 2012 08:23 AM
Rainmaker
646,835
Evelyn Kennedy
Alameda, Real Estate, Alameda, CA
Gallagher & Lindsey, Alameda, California

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?

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

Thanks for sharing those interesting facts

September 30, 2012 12:01 PM
Rainer
54,577
Monique Keith
Ahwatukeenulls Favorite Realtor, Buyers Agent with The Mike Mendoza Team
Keller Williams Realty Sonoran Living

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. 

September 30, 2012 12:32 PM
Rainmaker
538,258
Gretchen & Mel Ahrens
ColumbiaGorgeFSBO.com

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

Gretchen

September 30, 2012 01:31 PM
Rainmaker
174,011
Michelle Finnamore
Preparing your property for sale
in Vaughan and Toronto GTA

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.

October 01, 2012 08:30 AM
Rainer
158,907
Glenn Freezman
Family Abstract, Inc.

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!

October 03, 2012 06:55 AM
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Rainer
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Glenn Freezman

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