How Old Is Paper Money?
By celticeagle
@celticeagle (190074)
Boise, Idaho
November 26, 2018 6:04pm CST
The U.S. Federal Reserve can actually gauge the wear on paper money and consider how long certain bills can be in circulation. For instance, the $100 bill has a average lifespan of 15 years while the $1 bill is about 5.8 years. A $20 can be expected to be in circulation for 7.9 years.
4 people like this
5 responses
@DesirousDreamer (34776)
• Peoria, Arizona
27 Nov 18
and the 2 dollar bill will be around forever to always confuse people.
4 people like this
@celticeagle (190074)
• Boise, Idaho
27 Nov 18
Wouldn't that be true then of several other southern cities?
1 person likes this
@DWDavis (25797)
• United States
27 Nov 18
@celticeagle Probably so, but I think N.O. has the record.
1 person likes this
@MarshaMusselman (38865)
• Midland, Michigan
6 Dec 18
I read an article once that talked about large denomination bills and that there are some much higher than we've ever heard like a 10,000. Dollar bill and a five thousand and that type of thing. Those may last a century.
I found a site that still sells bills of one thousand and five hundred. The one k can be bought for just under there thousand dollars and the five hundred for just under fifteen hundred.
1 person likes this
@cindiowens (5120)
• North Myrtle Beach, South Carolina
27 Nov 18
If you keep it too long I guess it would be obsolete.
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