The Lifespan of American Money

United States
February 26, 2017 10:51am CST
Yes, American “paper” money has a lifespan. First of all, it’s not made out of paper. If it were made out of paper, it wouldn’t last very long at all. It’s made out of cotton and linen and that’s why it lasts much longer and can even survive machine washing and even the dryer. I know that for a fact since I’ve washed a few dollars in the pocket of my clothes from time to time. One dollar bills tend to wear out after about 18 months in typical circulation. Other denominations usually last longer since they don’t get as much day-to-day use. I have seen some dollar bills in really bad shape. People write on them and tear them in half and tape them back together. You can actually get damaged bills replaced. They “retire” bills that are damaged. Here’s a link: http://www.wikihow.com/Get-Damaged-Currency-Replaced
4 people like this
5 responses
@JohnRoberts (109857)
• Los Angeles, California
26 Feb 17
I have been to a US Mint in the Dallas area where they print money and they have staff that pieces together scuzzy paper money to determine if enough is left to reimburse.
3 people like this
• United States
27 Feb 17
I'm sure that was an interesting visit to the US Mint in Dallas.
1 person likes this
@beenice2 (2967)
• Sackville, New Brunswick
26 Feb 17
They made our Canadian money in a kind of plastic or vinyl, yes. I don't know how long it will last though.
2 people like this
• United States
27 Feb 17
I didn't know what Canadian money was made from. Interesting.
@Beatburn (4287)
• Philippines
16 Mar 17
Before I can tell how long it lasts, it disappears from my pocket and reappears beside a cash register.
@shshiju (10342)
• Cochin, India
27 Feb 17
But almost all currencies of the entire world uses paper for currencies. It is easily going 5 or more years without any damage.
1 person likes this
• United States
27 Feb 17
Are you sure its' just paper? Our money feels like paper and looks like paper, but it's made of cotton and linen. It's not paper. I don't know how you could find out about that, but let me know.
1 person likes this
• United States
1 Mar 17
@shshiju No, I haven't heard about the demonetization and new currencies in India. Why don't you write a post about it. It would be interesting to find out more about it. I could maybe find out something about it online. But, you should post something. I'm sure many people myLot would be interested.
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@shshiju (10342)
• Cochin, India
1 Mar 17
@IreneVincent Cotton and Linen that is interesting . I think you may heard about India's demonetization and the new currencies.
2 people like this
@Ronrybs (17849)
• London, England
27 Feb 17
I wonder why they don't use coins instead of bills for 1 dollar. They last longer if nothing else. Over here we are just about to change our pound coins as people have gotten to good at faking them!
1 person likes this
• United States
27 Feb 17
Counterfeiting has always been a problem. The USA tried a coin for the dollar but it failed.
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