Comparing American and British Money
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- Опубліковано 20 вер 2024
- We came home with a stash of British money (nothing suspicious) and so we figured now was a great time to compare British and American money!
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American paper money are called “bills” in the vernacular, but the technical term is “federal reserve notes” because they are issued by the federal reserve banks. If you look at the seal to the left of Washington’s portrait on a $1 bill it identifies the specific federal reserve bank that issued it. This was also true of the higher value notes until recently, but now they just bear the seal of the Federal Reserve System.
What about the dollar coin and half dollar
No half dollars? Wouldn't that be the U.S. equivalent to the 50pence coin?
Lawrence, you and your wife look like you have a lot of fun together! You two are so cute together!
Lost in the Pond
The US has a 2 dollar bill mostly found on the East coast and the south, though it has become somewhat a rarity in the north east.
Just an FYI, the U.S. has a variety of one dollar coins, including 'silver' dollars, Susan b. Anthony, sacageweah and a lineal 'presidential' dollar coin series...
When I was a kid the Eisenhower dollar coin was still around. You didn't see one that often, but they were out there.
@@peteg475 that's the one I think of as a 'silver' dollar...
@@davehanson381 They were called that, although by the time the Eisenhower dollar came out they weren't made from silver anymore.
Nad don't forget the Kennedy Half dollar (50 cents)
@@bob_._. didn't have a clue about silver content as a kid... Everyone just called them "silver" dollars.
Please know that I've read your comments on the 50 cent and $1 coins and that I absolutely intend to procure them. This is amazing!
@@blakerh I carry one in my purse for good luck.
The $1 coin is very underrated. Plus it’s fun to drop it on the shop counter when the cashier is expecting you to hand them a tattered $1 bill like everyone else
Fun fact in the 1700's to 1800's the states issued bills like the 3 dollar bill.
Just go to your bank. I'll bet that they have them. Not sure about the 50 cent, but the $1 coin and the $2 note are probably available. I like the $2, it has Thomas Jefferson on it and a nice scene on the reverse. I wish it was used more than it is, and get rid of the $1 note and use the coin instead, but whatever.
The $1 dollar coin has a few versions. The Sacajawea made from 1979 to 1981 might be harder to come by. (EDIT: I realized in my aged brain that was the Susan B. Anthony. The Sacajawea came later and was the same size but golden colored to help distinguish it from a quarter.)
But the later versions, usually with presidents (all of them, one at a time so you never know who'll you get) on them, are more common.
You probably won't find one of the old $1 Eisenhower coins made in the '60's and '70's unless you visit a coin shop. It was quite large as well! You can still use it, but you probably wouldn't want to!
I was gunna rage, but I guess now I can just say hi.
2 dollar bills still exist you have to ask for them at the bank.
yep, I pick up two dollar bills every time I go to the bank.
I got three of them as change once buying ice cream. Was very surprised and slightly confused
I once cashed my paycheck at the bank and on a whim I got it entirely in 2 dollar bills. I used them at the gas station, the grocery store, the water department and everywhere. I got the nastiest looks from people as they tried to figure out what to do with them as their cash drawers had no place for them. Yes, I'm an asshole.
ninline2000, I bet you’re the kind of person that would pay for something with 20 dollars in nickels
@@thedoomofred5174 I did pay off a $20 bet in pennies once. Not rolled, loose in a jar.
I’ve spent 8 $2 bills in my life and I was thrilled each and every time. Had a girl tell me she needed real money to which I responded “this is real money”.
That happened to me too. 😅
I used to work as a cashier for a little over 4 years at Walmart. I think in that timeframe I've seen maybe 3-4 customers pay with $2 bills. I remember asking one of them "Are you are your don't want to keep this $2 bill?" to which he responded something like "Nah, I have a bunch of them." While I still have a single $2 bill myself, you can usually get them fairly easily, although you may have to visit a couple of banks to find them.
The US still mints 50 cent coins. They just aren't very popular. My mom used to get one for me whenever she went to the bank when I was a kid.
They’re still minted for uncirculated sets, and proof sets, but they haven’t been released into circulation since the mid 200’s.
They also still make $2 bills.
There's also a $1 coin. Recently it was minted with a different dead President on each coin.
Like stamps, American money cannot have living people on it. Not 100%, but we don't have to reissue all money every time we elect a new President.
Amber hello man
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American paper money is actually fine in the washing machine too. It's more cloth than actual paper.
Yea, that's true. Precaution: if you wash the money and it was folded, do not unfold it until it has dried or it'll tear because it'll still be slightly adhered enough to be goopy and fragile.
@@ryanocerus7853 wrong. U can unfold it whenever, I've never had a goopy feeling bill, and if it rips and you still have at least 3 corners still in tact the bank will exchange it for a new one and retire that ripped one.
I believe it's about 75% cotton and 25% linen
Many people found out the hard way, the polymer notes are fine in a washing machine, not so much in a dryer, or if you iron them.
Just be careful of washing them...you could be charged with laundering money ^_^
The US does have a 50 cent piece, commonly known as a half-dollar. It has Kennedy on it.
Not only that, but they're bigger
Yep. You don't see them often though. I wish we did because I prefer 50 over 25 cents coins.
Do you know why it has Kennedy on it. Cuz he's missing half his fucking head.
@@sonotomaraya6969 Wow...
@@ayakotami3318 Because people think they're rare, but they're not. You can get them at any U.S. bank.
Our US "bills" are actually notes too. "Federal Reserve Note" If you look at the fine print on the front it also say's " This note is legal tender for all debts public and private "
We have "silver dollars", Susan B Anthony Dollars and Sacagawea dollars as well as 50 cent pieces.
Yes, I thought he skipped over the Sacagawea dollar coin (which is gold colored).
@@chris.k7254 TRUE$
I'm from American Where is the best place to learn how to invest your own money in London?
@@maxwelljoshua7804 Your location has nothing to do with learning to invest.
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£5000 really isn't a lot of money for investing (If we will look at this as proper investing to shares, properties etc.) but always there are thing
4:54 - All U.S. notes will fit into the same slot of a vending machine.
So will the uks it doesn't matter how big the note is
British money is way more accommodating to the blind than American money. At least a blind Brit would know if they were being ripped off by a cashier!
Vindoodles that’s why Ray Charles insisted on being paid in singles
The outside of our coins all have different textures and are all different size
@@Studio19design American dollars are all the same size- a blind person wouldn't be able to tell a single from a twenty without assistance.
Vindoodles I thought you meant coins but when I was at the district 9 mint they showed the bills as different weights of paper
@@vindoodles7346 Not true! The texture of each bill is different and most blind individuals have no problem telling them apart!
Different size notes are good for the blind and partially sighted. The coins with edges help too.
All British money is designed so people with vision impairment can easily recognise each denomination.
The British polymer notes also include a brail representation of the value
@@ecoscansalopian don't the US banknotes have braille on them these days? I was told that they did.
@@catherinerobilliard7662 no. But to tell the truth I knew a blind man that ran a store at a baseball field near me. He could tell the money apart by sound
As far as I can research the use of tactile indicators (braille) were ordered in the Rehabilitation Act of 1973. Government wheels seem to turn just as slowly in the US as they do here in the UK and the Treasury are still working out how to get braille markings to stay on the cotton paper used for US bills. If anyone has more details on this I would be grateful to hear from you. PS, I apologise for my incorrect spelling of braille in my first post.
I love that the “vegetarian” coin has plants representing each of the countries in the UK all united within one crown. The rose for England, thistle for Scotland, leek for Wales, and clover for Northern Ireland. Cool! Great video.
:o a rose for my country?
> 6:12
> 11:36
Shamrock, not clover
@@becomemexican it's a clover bro
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I can confirm a £10 note goes through wash, spin and dry cyles with no damage
> 3:38
the reason British bank notes vary in size is
so the blind can differentiate them
as the note value goes up so does its size
That's a nice idea.
too bad the us could care less
Also the new notes also have braille on them to help even more!
@@meijelly Could not care less.
Pretty much the same reason ridges on the edges of American coins are different. you can tell a dime from a.penny by the edge without looking or a nickel vs. a quarter. I don't know for sure if that was the intended purpose but it is convenient.
American money is also washable and tear resistant (albeit not as much so as the polymer notes), as it's made of a cotton blend rather than paper as is often misrepresented.
As were UK notes, up until the polymer notes, though the £20 is still made of the cotton blend, however that is to follow the polymer trend soon!
@Truth Willout Don't tell the Federales you've been laundering money!!!
It is my understanding that US notes use linen not cotton as a reinforcing material
My credit card is waterproof that’s what I use
@@robertjsimpson Crane Co in Dalton MA produces the paper used in Americas money it is made of 75% cotton and 25% linen. They also produce the paper used on official White House stationery.
UK currency is more friendly to the visually impaired.
Canada money bills have Braille
I was fortunate to be in the UK in 1988 and snagged a couple of pound notes, an English and a Scottish one. I found it interesting that in Scotland they were different, issued by the Bank of Scotland, slightly different look.
Don't put those notes or bills in the washing machine!! Money laundering is *illegal* !! >;-)
Ugh! Really? Money-laundering?
American bills are green but each have a slightly different secondary hue.
One of the easiest ways to spot counterfeit is not having a "green back"
And, ironically, the secondary hue on the notes is the same color as the corresponding denomination of Monopoly money! :/
Still having them in the exact same size must make them impossible to differentiate by visually impaired and blind people. Pound and euro notes are intentionally of different sizes.
@@szabados1980 the various bill sizes are easier but to be honest there are ways around it think like that daredevil movie where he takes bills out of plastic cases labeled in braille then folds his bills a specific way depending on denomination and most blind people have trusted friends and family that assist them banks will go out of their way to be helpful just to protect their reputations just think what would happen if a bank was found to be rude let alone unwilling to accommodate the special needs of someone who is considered disabled ..... i know blindness is a disability but they are blind not stupid and stupidity is the true disability here
edit** i should add im not trying to say or insinuate anyone is stupid only that i consider stupidity a real disability everything else is just a challenge
The $2 Jefferson bill is still made just not widely distributed. I picked up several Jefferson $2 in Monticello!
The two dollar bill is thought of to be lucky( maybe because they are not common)
Man i had a pristine 2$ note a few weeks ago but had to give it away cause i'm broke
I picked up a $2 bill the other day at McDonald's. I said no thanks. Can I have 2 $1 bills.
**TWO DOLLAR BILLS ARE NOT RARE!**
Just in this past decade the Federal Reserve has had 5 series of bills printed, 2 for 2003, and then one each in 2009, 2013, and 2017.
You can also get them from the bank
You missed two coins the US has. The 50 cent piece / Half Dollar coin that has President JFK on it. There is also a dollar coin with Sacagawea on it. Both are in circulation, but not used much.
Also the Susan B Anthony dollar coin !
@@justmeiniowa And the Eisenhower dollar coin before that.
@Lady Seashell Bikini I hated the SBA as I and a lot of other people always thought it was a quarter (they were dang near the same size and color.)
@Lady Seashell Bikini It was hoped that the "fake gold" color of the Sacajawea would help differentiate them from quarters.
@Lady Seashell Bikini In general, people hated it because it was about the same size as a quarter, and most cash drawers didn't have a place for them in the late 1970s. The reason the SBA dollar coins were reissued was that there was high demand for the one dollar coins, but the Sacajaweah dollar coins weren't ready for production. Since they already had the dies for the SBA dollars, they were reissued shortly before the new dollar coins were ready.
You should talk about all the security measurements in place on UK Bank notes making them difficult to counterfeit, they are mind blowing!
According to Wikipedia: The word dime comes from the Old French "disme" (Modern French "dîme"), meaning "tithe" or "tenth part", from the Latin decima. The dime is currently the only United States coin in general circulation that is not denominated in terms of dollars or cents.
If dollars are called greenbacks, does that mean pounds are called queenbacks?
No.
I thought the Brits were good at sarcasm
@TheRenaissanceman65 Dude, he obviously didn't mean that as a serious question, lol
She's on the front ;¬)
A pound is a pound, or a nicker, or a bar, or a one, or a Maggie, or a quid, or a squid, or a pound.
Love the video. We also have a 50 cent coin and a dollar coin. Although not used as much but still in circulation.
Are the dollar coins expensive?
Are they silver?
@@MostlyPennyCat there are multiple silver dollars but I think he is referring to the fKe gold dollar coin issued around the year 2000.
The dollar coins can be worth more depending on the type and age.I enjoy giving them along with the 2 dollar bills as gifts .
@@MostlyPennyCat depends on what the year is. I have a rare silver dollar and it's worth $69. The new ones are face value.
yeah we just have to demand congress to pass a bill that replaces old outdated $1&$2 dollar bills with dollar coins and save billions of dollars.
You're not Coin Collectors for sure. I need to send ya Kennedy Half Dollar. You Guys are a Joy to Watch. I Love Very old English Coins and Sovereigns
And the Sacagawea dollar coin!
50 cent pieces also were made with Ben Franklin..1 dollar coins came out with Eisenhower..
I learned recently (from a gentleman who runs a coin and stamp collector's shop) that a lot of people think $2 bills rare, so they hold on to them when they get them. That's you don't see them often in daily life.
Legend has it that the $2 was developed for people placing bets at horse race tracks. The smallest bet allowed was (and maybe still is) $2, and the bill made life easier for both the bettor and the cashier.
Just discovered your channel and am loving it - as a Canadian it sometimes feels like we are a mix of the US and Britain (although at the same time Proudly Canadian And Don't You Forget It) - didn't realize until now (although since I go to the UK frequently I'm not sure how I missed it) how similar Canadian and British money is...
Loonies, Twonies and no pennies! 🍁
I noticed it too from this video. Love my Canadian money. The paper bills have been referred to as Monopoly Money because of all the colors. That makes it easier to organize my paper bills!
Our money is similar due to us being an English Commonwealth.
You left out the half-dollar coin and the $1 coin
Hamilton on the ten dollar bill was never a president. He was the first secretary of the treasure.
Also still considered the most able we've ever had.
They called him "Founding Father".
WorldPaperMoney earlier she said presidents or founding fathers.
He started the first bank, so he’s considered a founder. I would say “founders” were not all presidents like Ben Franklin.
He asked the question, "What is a dollar?"
He determined the average amount of silver in a Spanish Dubloon is 371.25 grains (.7734 Troy Ounces@$28.23) was a dollar. By todays standard that is $21.83!!!
That means a dollar only buys you about 4.8 cents worth of stuff. A Buck ain't worth a Nickel!
The Federal Reserve has been screwing us since 1913.
I am glad the American paper money is one size. It will fit perfectly in the wallet.
Right, but wallets in Britain fit 20s so they'll all fit, plus you never have to worry about accidently handing over a 20 instead of a 5... 😁
@@futurez12 I suppose because of color differences.
UK bank notes are different sizes and colours for easy identification. Interestingly, Euro bank notes are not only a similar size to the UK equivalents, but also similar colours, although the designs and material is different. The UK notes also have braille impressed in them for the blind, as well as a security hologram.
@@RoyCousins very thoughtful for all who live there. That's very good
@@vickenkodjaian5265 yes and especially if one is pissed and handing cash over in a dingy night club , colour and size counts .
"The British weren't happy" - there seems to be a trend here
Hahaha
Us brits are never happy 😂
> 5:40
We're a sorry bunch 😂
$2 bills are still around. Scrap metal yards commonly pay you in $2 bills. My father used to get them from the bank because he wanted to save money in cash, but if he got regular bills, he'd be more tempted to spend it. Now I have over $2100 of them in the safe.
I love coins, I find them very interesting and am building up a collection. Some facts about U.S. coins, most coins (dimes, quarters, half-dollar, and dollar) were made of silver (90% silver, 10% copper) up to 1964. In 1965 they changed to a copper-nickel mix (with some exceptions being 40% silver, depending on coin and year).
Here are the coins that the U.S. has had in the past:
Half-Cent (minted 1793-1857)
Cent (still in circulation)
2-Cent (minted 1864-1872)
3-Cent Silver (made of silver, minted 1851-1873)
3-Cent Nickel (made of nickel, minted 1865-1889)
5-Cent Nickel (still in circulation)
Half Dime (5-cents, made of silver, minted 1792-1873)
Dime (10-cents, still in circulation)
20-Cent (made of silver, minted 1875-1878)
Quarter-Dollar (25-cents, still in circulation)
Half-Dollar (50-cents, still in circulation)
Dollar (still in circulation)
There have been many dollar coins, large coins and coins similar in size to a quarter.
Morgan Silver Dollar (large coin, minted 1878-1904, and 1921)
Peace Silver Dollar (large coin, minted 1922-1928, and 1934-1935)
Eisenhower Silver Dollar (large coin, minted 1971-1978)
Susan B. Anthony Dollar (quarter size, minted 1979-1981, and 1999)
Sacagawea Dollar (quarter size, minted 2000-2001, and 2009-2011)
Presidential Dollar (quarter size, minted 2007-2011)
There is a lot of interesting history to our currency. Sorry for unloading all this information, but it's something I'm passionate about. I'll have to look into the history of British currency as well. The fact that different coins make up the Royal Shield is really neat. It would be fun to get those coins just to make the puzzle.
When we changed to non-silver coins, the new coins very noticeably made a different noise when dropped on a surface.
GBP notes vary in size and color to make using cash easier for visually impaired people.
That's alot of wasted money for a small percentage of the population.
@@tolkienfan4815 You don't think that they deserve to be able to know what money they're handing over?
Google a random country + banknotes and see if you can find one besides the US that doesn't use different colours.
@@richard.featherstone you mean sizes ?
@Lady Seashell Bikini I dont think ramps should be legaly required but its great when they're available, and ramps are different than currency.
@Lady Seashell Bikini sorry I'm a bit libertarian, not anti disabled person, just anti big government.
The $2 bill features Thomas Jefferson, and was most often handed out in communities holding race meets: $2 was the lowest amount you could wager on a horserace.
Your wife is so funny, you should have her in every episode. Not that you’re not entertaining mind you! It’s just that your wife compliments you!! I just think she should be in every episode 😁
Wife charges a hefty appearance fee so unlikely to see her in every video.
The U.S. Mint still prints $2.00 bills and sometimes a bank will have some. If you need a quantity of them, you can go to a bank and ask them to order some. I was paid a bonus entirely with $2.00 bills. I had to put them in a briefcase to get them home.
I delight in seeing you two together, in these videos!! I know you're both busy, but it's fantastic to see you taking time to collaborate!!! Bless you both and may you (we), have many, many more years together!!! Cheers!
Did they mention the colours/sizes are to help visually impaired people? Also, the value is in braille
I was to receive your brother's book "everything you know about England is wrong" yesterday, instead I received it two hours ago regular mail. Looking forward to reading it Laurence.
Thank your brother from me.
I love your wife’s sort of vintage aesthetic going on in this video.
The U.S. also has 50-cent pieces with John F. Kennedy on them. They're extremely hard to find because it seems like everyone saves them. Everyone I know has a little jar filled with them. Last year I saw someone use one to buy something - when I asked if I could trade 2 quarters for it, the cashier shook her head & said she saves them whenever she gets them LOL
Churchill was granted honorary US citizenship by JFK and has a US destroyer named for him. A Royal naval officer is permanently assigned to the ship and the British white ensign is flown from the yardarm.
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@TheRenaissanceman65 When Churchill first entered politics he renounced any right to the Family Titles just in case the unthinkable happened and he became heir and unable to sit in the Commons as an MP. He accepted the Knighthood but it is rumoured he flatly refused a Peerage. I can see his Grandson, Sir Nicholas Soames MP ( Mid Sussex, Con. ) accepting one if offered though. He even looks like him.
Not bad for a War Criminal
@Mark Gable Do remember that offensive war is technically illegal (which is why we've never formally declared war since). PH was needed for legal/political reasons but we did do Lend Lease which is the only reason the Soviets and British held out.
@Mark Gable the reason why we didn't Immediately join the war was likewise as Britain we were in a economic depression and we had enough problems to worry about with our industry basically being asleep/Dead (don't forget that in america its the congress (And I believe the house) that declares war not the president)
Hamilton was not a president, but first secretary of the treasury. Was on Washington's during the Revolution. Killed by Aaron Burr in a duel.
He was a founding father, like she said
Fun fact about American currency: Ben Franklin is the only person on American money that wasn’t a President or General. Alexander Hamilton wasn’t a President but he was a Major General. American money also has an interesting feature: for bills $5 or above, the shirt the person is wearing has raised printing, so its a different texture.
this is not true. the ten thousand dollar note depicts Lincoln's secretary of the treasury Salmon P. Chase, who was neither president nor a general. however, he was the governor of Ohio, which might be the same level of gangster.
@@calebtimbs5046 The $10,000 bill has not been printed in decades. The last one was issued in 1934. Given that it is no longer being printed and has not been in circulation since I am not counting it
Fair enough
However, Susan B Anthony and Sacajawea were neither and they have been on very modern US dollar coins
@@calebtimbs5046 Those are mostly special edition coin’s that the treasury permits every so often maybe for Lakers value. They’re not in circulation very often
Also, US bills were almost strictly black and green until the 1990s or so. And, occasionally, read or blue on certain bills.
The current designs are a compromise from the traditional greenback and the multicolor "monopoly money" used in most other countries. This had to be done as color copiers, scanners and printers got better at print quality. Also, some of the ink on current bills changes color depending on the angle that you look at it.
P.S. Fun Fact: Most $100 bills and possibly $50s and $20s have more in circulation outside the USA than inside.
Fun Fact #2: While the $100 bill is the largest currently in general circulation, bills have been printed up to $100,000 dollars. IIRC They were used for transfers between federal reserve banks. IDK if they are used anymore in the era of electronic transfers.
Great video! I've been fascinated by currency ever since I was a kid growing up in Spain (US Navy brat here). I used to love all of the different European notes... marks, francs, pounds, pesetas, guilders, etc. The introduction of the euro was disappointing to me in that every country's currency reflected much of that country's culture, history and values. Dutch money had flowers, French money had artists, Spanish money, conquistadors and ships.
British money is fascinating to me. I was there recently and was excited to see the first polymer £20 notes. I learned that three Scottish banks and four Northern Irish banks also print banknotes (none of which are legal tender, but all legal currency). It was fun handing Scottish notes to cashiers in England after I returned from Edinburgh. Many of them had never seen a Scottish note, but gladly accepted them. I also learned that in the UK, most places will not accept older coins or notes. My mother found a few old coins from a visit to the UK in the 1980s and nobody would accept them until we found a little petrol station in the Scottish Borders that took them. Apparently, the Bank of England is keen on removing old coinage and notes from circulation. Their website states that they will exchange obsolete currency at face value, even while such currency may fetch higher prices from collectors. In the US, that's pretty much unheard of. I've never seen a size change here in any of the standard coins and it's not rare to get coins from as early as the 1930s as change. Old bills spend the same as current ones, too. Except for the one instance where I had a $20 bill from a 1989 series (the old black and green style) which was refused because the cashier was a youth and she thought it was counterfeit as she had never seen one before.
Thanks for this video! Very interesting subject.
You can still get 2 dollar bills. My uncle still got them until the day the died which was last year. You can still use them for tender. We also have dollar coins in the US also.
Now days bills only go up to $100, but in the old days they were much bigger. My dad had a friend with a framed set of notes from $10,000 down. Very impressive.
The huge bills existed to make large transactions between banks easier. No need for that now, of course.
@@peteg475 Also government contractors. Think Defense.
My Grandmother had a $500 dollar bill when I was kid and in the bank I saw $1,000 dollar bill a long time ago. Checked out the US mint website and see the large bills banks used in the last century.
The large denomination notes were phased out to make illegal payments like drug money more difficult. Perfectly stupid reason, as most government actions are.
@Larry Brennan Eliminating paths for black markets are totally legitimate for governments. Otherwise you just have anarchy.
One other thing that happend when we visited the UK was that the notes that our local bank in Canada gave us where 'expired'. The UK only keeps a particular printing of a note for a few years and then replaces them with a new printing, and recalls the old ones.
I was a child when I lived on the UK (1957-1960 I was 3 -6) and remember the money of the time was a farthing (1/4 pence) the heypenny (half pence) the pence then the Shilling which was 12 pence and 20 shillings rob the pound. I don't know when it changed, but I miss the old.
Note: a quid is slang for the pound just as a "buck" is slang for the dollar.
The old pound shilling and pence system was changed in 1971 where they decimalised the pound. It went from 1 pound equaling 240 pence to 1 pound equaling 100 pence, the same as the dollar. Here in Australia we also used the pound shilling and pence system until 1966, when decimalisation happened.
*"The British weren't happy."*
Every UK citizen was given free healthcare - the British weren't happy.
@TheRenaissanceman65 I had a bit of change left from my 1986 trip when I visited in 2002 and I couldn't use it because it was the wrong size, and that was post decimalization. All US coinage ever minted is still legal tender in America.
@TheRenaissanceman65 I have to admit, your old coins were awfully heavy. You could do some damage with a 50p coin.
Are they ever?!?! Lol
@@seed_drill7135 Same with postage stamps.
The $2.00 bill is only printed about every 10 years. But, they are in circulation, and can be asked for at a bank. They are not very popular, the same as $1.00 coins.
I used to go to the bank and withdraw 20 or 30 dollars in $2 bills just to see people’s reactions when I spent them. It was always disappointing when they just accepted the bill like any other (which was more often than not). 😆
The $2.00 bill is printed every day and perfectly available in any bank.
@@danwells9525 The $2.00 bill is now printed upon demand by the Fed. The last time they were printed was 2003.
Something about American money:
•US currency is 6" long. All "bills" or notes are the same size, and have been for generations.
•To see the back of a US coin, you always flip the top edge down, as opposed to other countries'. They just turn right or left.
•For many generations the US has only had coins of non-ferrous metals. Not affected by a magnet. The sole exception was the 1943 US penny. It was made of steel because the copper was needed for the war. Steel pennies left their mark on the bottom of fountains.
•Another coin changed by WWII was the nickel, our 5 cent piece. The nickel metal was needed for the war, so during the war years the nickel was made from a silver alloy. This was designated by enlarging the mint mark and putting it on the reverse, over the dome of the Jefferson Memorial.
•In recent years the US Mint has made numerous commemorative coins. To find and learn of one can be an introduction to one series or several: as in the penny, the nickel, dime, quarter, half dollar, & dollar.
•All American coins state their value, the 25 cent piece by saying it is a quarter dollar. The others by stating their value in cents. But the dime says on it that it is a dime. It doesn't say 10 cents.
•Just an alert here, Canadian coins have HM the Queen on them. If one is a coin collector, I suggest stocking up now on coins and anything else with her likeness on it. I wish her well, but she is in her 90s. Right? And one day, and very sadly, this will change. Stamps, coins, bank notes and a number of other things will be changed. There is still time to create or improve collections.
•I was glad to see Sir Winston on a note. How many people are left who remember ALL he did for the UK and indeed the Commonwealth? Far more than is appreciated now, I'd say. Though UA-cam is helping to keep him alive somewhat. A rare credit for UA-cam.
•we would like to hear a history of the English penny. And terminology about the penny.
My late British wife said several things about the penny, such as someone who suddenly understands something being explained to them-- that the penny dropped.
And some others.
In the 1970s and 80s I played a lot of quarter-limit poker with relatives and friends, and periodically Canadian coins would creep in (a couple of uncles from Buffalo played regularly). A few had George VI on them rather than Elizabeth II...I don't remember the dates.
@Finn MickCool Keeps comin back like a bad penny
Penny pinching
Expressions based on coins of other values:
Tuppenny-ha'penny (of little value);
Worth a bob [shilling] or two (suggests someone who is wealthy);
Brass farthing (worthless, the then-smallest denomination coin in a cheaper metal than actually minted);
Lost a tanner [sixpence] and found a penny (indicates disappointment);
Thruppenny bits (vulgar rhyming slang based on polygonal 3d coin);
Pre-decimal crown and half-crown coins used to be commonly referred to as a dollar and half-a-dollar (associated with the name and value of an older Scottish coin and/or the then-relative values of UK and US currency).
Also penny numbers, (a small amount); where there's muck, there's brass (there's money to be made dealing with unpleasant or grubby business, brass being northern slang for money).
I grew up near the town where the "paper" for American money is made. It is not actually paper but it is in fact a cotton-linen cloth. Traditionally, the cotton was sourced from the scraps left over from the production of blue jeans. Unfortunately, due to skinny leg trends and the addition of spandex to denim, they can no longer use those scraps - otherwise the dollar would literally stretch.
I like the UK notes...more style and more color and small enough to fit into a wallet.
A few facts about the U.S. cent coin:
The cent is not solid copper, or even copper alloy. It's zinc with a very thin plating of copper. You can see this by scraping the side of a cent against a rough surface like a sidewalk. It will reveal a silvery metal under the plating. It's been this way since 1982.
The Lincoln cent was originally minted in 1909, which was the 100th anniversary of Lincoln's birth. For the first 50 years the coin had wheat ears on the back (the reverse). In 1959, the 150th anniversary of Lincoln's birth, they changed the reverse to have a picture of the Lincoln Memorial in Washington, D.C. In 2009, the 200th anniversary, they issued a set of bicentennial cent coins showing things like the log cabin where Lincoln was born and Lincoln as a young man in Indiana. In 2010 they put a shield on the reverse.
The original designer of the Lincoln cent was Victor D. Brenner. He put his initials prominently on the reverse between the two wheat stalks. People objected to this, so not long after the coin was released the initials were eliminated. The 1909 coins with the initials are rare and valuable to collectors, especially those that were minted in San Francisco. Several years later the initials were put back, but under Lincoln's shoulder on the front (obverse), where they are barely noticeable.
Copper was needed for military purposes during World War II, so in 1943 they made cents out of zinc-plated steel. After the war there were a lot of left over shell casings, so they used that metal to make cents.
Very good coin history! Good to hear some nice coin facts!
Technically, American paper currency is also a note. Look at the top -- it says Federal Reserve Note. We used to have silver certificates. (And gold ones, too, a long time ago.)
Speaking of bank notes, I'd like to have a couple notes with Salmon P. Chase ($10,000) and Woodrow Wilson ($100,000) on them.
They also say ''this note is legal tender for all debts public and private''.
@@WelshRabbit I'd like to acquire some of those as well.
If any of you acquire these notes, let me know and I will pay you face value for them. And then resell them to rare money collectors for 5 or more times that. Nobody in his right mind uses these in general circulation anymore. It would be like buying something at a store and using gold coins.
You showed that you're both youngsters! When I was a Yank studying in England in the late 1960s, I had to deal with the old system, especially 20 shillings to the pound and 12 pence to the shilling (and the hapenny or half penny). Half crown ( 2s 6p) and crown (5s) coins were huge and heavy. They'd pull my pants down during those rare times when I had some. Balancing a cheque book ledger was a nightmare. Could you subtract 1l, 10s, 7p and 1h from 7l, 3s, 8p? By the way, Hamilton was never a president but the first Secretary of the Treasury. This was a fun post, as always. Aloha from Hawai'i.
_"They'd pull my pants down during those rare times when I had some."_
When I first read that, I thought you were saying you rarely had pants.
@@caulkins69 I appreciate your tagging my ambiguous reference. You caught me with my pants down (or my brain in idle)! Haha! But the coins I was referring to were the size and weight of old US silver dollars. A pocketful could weigh pounds. . . . .
I went to Nassau in 1962 and the British money was still in use. I came back with ha'pennies, pennies, tuppences, three-penny bits, six pence, shillings, two shillings, half crowns (2/6d). Since the pound was worth $4.80 then, I didn't save a note (I was 16 and that was a lot of money then!). As a general rule, you considered a shilling the equal of a quarter, and sixpence a dime.
the old penny was designated as "d": L for libra, s for solidus, d for denarius, from the old Roman Latin names.
1L 10s 7d from 7L 3s 8d = 5L 13s 1d, simple
@@richardwoods5873
I find it funny that people complain about having to think about working with base 12 (1s = 12d) or base 20 (£1= 20s) and yet they are quite conversant in working with base 60 numbers! (A time in the format of hh:mm:ss [on the 24 hour clock] is the number of seconds since midnight represented in base 60 numbers with colons separating the sexagesimal digits written using base 10 numbers.)
It's all a matter of experience and what you're used to.
To the comment that $0.71 to someone is immediately 2 × quarter + 2 × dime + 1 × penny, to me £0.71 is immediately 1 × 50p + 1 × 20p + 1 x 1p and I would take longer having to think in terms of 25 cents and 10 cents without the usual 50 and 20 coins.
When I was in England (84-85), they still had half-pennies. One thing I thought was really cool was that you could bring a big bag of 2-penny coins, pennies, and half-pennies to the bank and they could weigh them to discover the total value.
It was weighed not counted ?
@@frankmontez6853 no need. They knew how much a penny weighed; a tuppence was twice that and a hapenny was half.
@@GailGurman well of course a hapenny was half 😂🤣
Green American bills, hence the slang "Greenbacks".
I noticed your saying that Alexander Hamilton was “not a founder”. He certainly was. He was the first Secretary of the Treasury and the primary author of the Federalist Papers, among other things.
He definitely said another founder
WordSarien Do you recall the approximate time of his saying it? I went back and tried to find it, but to no avail. I didn’t even consider that possibility, but it certainly makes sense.
U.S. bills go through the wash just fine, at least when they are in a jeans pocket. They look like ordinary paper but whatever fibers they care made of are pretty tough. I think they are partly silk.
It's cotton, US notes have to have a certain percentage of natural fibers to they don't ruined in water. Now there are probably many cheep alternatives to make longer lasting bills.
@@KyleNordstrom Thanks! By the way, my grandmother used to write all her letters on 100% linen note paper.
J. Joy, random comment--
They go through water just fine. I whitewater kayak and a lifeguard so my money is ALWAYS wet. No issues with it tearing or anything. This also comes from thin bathing suit fabric.
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I find counting GBP so much easier because of the colours and sizes. I also hated having to workout tax in my head when I was in the US. VAT is so much simpler, the tax is in the price
My dad used to give us $2 bills all the time for allowance and lunch money. One time, when my sister was in high school (back in the late 90s) someone in line with her at lunch saw her $2 bill, and thought it was so cool, they offered to give her $10 for it. She didn't do it, but it would have been quite the deal if she had. Also, you can still get $2 bills at banks, you just have to ask for them specifically, just like one dollar coins.
Really like the color variations found in British bills; however, the varying sizes of the bills make for a messy looking billfold! That's surprising, considering the neat, orderly and appearance conscience nature of the British.
But a blind person can tell them apart. Not true with US bills.
@@anthony2816 VERY good point, that had not occured me! Kudos!
I was thinking the same thing. The different sizes would drive me insane and probably wouldn't sit very nicely in your wallet if you still handle cash.
Size? Bruh they are a fine size.
For me yours are small.
Canadian notes/bills are like a hybrid of America and your notes.
I had a twenty dollars Canadian coin
Wait what? No equivalent to the 50p? We have half-dollar coins... multiple kinds of dollar coins too for equivalency on that as well.
I don't think the half dollars are still in circulation
Yes we do. They just aren't used. I have 10 .50 coins (they are silver), and 2 $1 coins. These coins are made for collecting. The 2 $1 coins I haveare worth $69 each to coin collectors. The .50 coins are worth $15 each. My grandma had some that were worth $200.
@@andrewstevens2364 They are still in circulation, although they are not minted every year (aside from proof sets), due to lack of demand and large stockpiles through the US Mint. You can still walk into a bank and get a few. Same for the Susan B Anthony and Sacajawea dollar coins. All three are legal tender.
Yeah but they are not in wide circulation. It isn't a fair comparison.
@@ingriddubbel8468 you cant pretend theres none when they're actually around. You can get 1/2 dollar coins and dollar coins if you ask the bank.
Missing U.S. coins from this video:
Kennedy half dollar
Susan B. Anthony dollar (no longer minted, but still in circulation)
Sacajawea dollar
Presidential dollar (in production since 2007)
They still had paper last time I was there. On the fridge door I have a Clydesdale £20 (Robert the Bruce/New Lanark), Clydesdale £10 (Rabbie Burns/Edinburg), and two RBS £5 (Lord Lay/Culzean). And you weren't quite right a about $2 bill. The ones from 1976 were printed for the Bicentennial, but they were also printed much more recently. I have two on the fridge door, one is dated 2013.
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Tara love your dress and hair today, your looking beautiful x😀 I’ve washed loads of notes, after drunken nights my sons forget they have notes in their pockets and I sometimes forget to check, and they’re always ok after being washed and dried, the notes I mean !🤣Also I was born 1967 so I can’t remember our pre decimal money apart from people using it or playing with it, but wasn’t a crown about a quarter .Also I’m sure we did have a 25 p coin for a while, I’m going to have to google it.
TheRenaissanceman65 The old money was so much nicer, and had better names, I remember having a toy cash register with the old money on, and remember family still trying to work the new money out, my dad even now will slip up and say for example it’s about five Bob!
TheRenaissanceman65 I’m turning into my grandparents/ parents, can’t be bothered to read up on new tech find it too boring and hard, just want it shown to me, can’t remember new band names and get them wrong, call shops by their name from 40 years ago, just basically turning into an old fart! Oh and don’t mention weight or my hip!
TheRenaissanceman65 I won’t swear but I hope not, she’s not very nice!
TheRenaissanceman65 Thanks, I try 😀
The 50 cent prior to 1965 is 90% silver if you ever find one. 1965 to 1970 is 40% silver.
You can still get $2 bills from the bank. My dad carries a “lucky” $2 in his wallet and when it gets too old and ragged he gets another one from the bank. But the bills aren’t very common.
In the US we actually do have dollar coins and 50 cent pieces.
When I worked at a gas station I absolutely loved it When people brought in foreign currency I'd accept it as normal currency And then buy it from my Register whenever things quiet down at the shop.
It broke my heart when the UK went decimal. I loved those old notes and coins.
I was delighted! My mother and auntie gave my cousin and me the copper contents from their purses, the day before they went out of circulation. We got a big bag of sweets to share.
And sums, involving money, became infinitely easier.
I have a $2 sitting in my wallet. I also have silver dollars, and 50 cent pieces.
Sterling video, Lawrence.
Pound for pound, it was splendid.
The Gold standard of videos
I nearly didn't watch this video.. But then i thought, oh well.. "In for a Penny, in for a Pound"!! 😉🇬🇧
The British Note colors looks like the old American Food Stamps bill colors back in the day.
I was told that at one time the military was paid in two-dollar bills. In 1976 the design on the reverse was changed to celebrate the national bicentennial, but I haven't seen any since then----although technically they are in circulation and of course they can be used to buy things. They are so scarce that usually if someone comes across one, they will save it in a drawer somewhere as a collector item.
In general, most European money is "prettier" than US money, but we Americans are stuck in our ways and we luv us our greenbacks. Thanks for sharing another great video! Keep up the great work. ATB : )
Not making fun of European money at all, but I always think of Monopoly money (from the game) when I see it. All the different colors and such, it doesn't look like "real" money to me. :D
Depends on what you mean by European money, whether you're referring to national currencies or to the Euro. If you're talking about the Euro, then, no, it's ugly as phuck. Not only that, but in order not to upset any of the member states, it doesn't portray ANY historical figures or buildings, making it look like fake money. But then I guess it's quite fitting as an embodiment of that empty shell that is the EU.
It's a global stability deal... The US dollar is the global currency and the govt feels drastically changing the currency appearance could cause some sort of instability in the world...
@@catwoman1263 Ikr I went to Germany during the summer and I could never take the money seriously, it looked like monopoly money.
Admiral Mudkip for real though!!maybe we are just weird
The Queen's head is on English notes not on any Scottish notes.
We also still have a pound note just not very common now
Nor Northern Irish notes.
Stephen Muirhead
: After his recent victory in the PDC World Darts Championship, Peter Wright will soon be featured on Scottish notes.
@jockadoobee glad to not have The Queen on a note? but why ;_:
I remember being given change in England and amoungst the English notes was a Scottish note, that i hadn't noticed until i left the shop. Anyway it was a problem spending it in the English shops despite being legal tender. I went back to the same shop a week later and handed the note to the cashier as payment and she wouldn't take it. We had to call the manager over and he cleared it. Won't be doing that again.
The £50 note is rare. I've never laid my hands on one either so I cant fault you for not having one. Seems the banks hoard those.
$50 bills are fairly rare in the US as well, not nearly as rare as the $2 bill. The $100 bill is ubiquitous and can be withdrawn from many ATMs.
Lol fifty dollar bills are hardly rare, most ATMs installed in the last two years dispense 10s 20s 50s and 100s.
When I was in Britain on several occasions they refused to take there own money because it was "old". Even at the British Museum! That's not legal in the States.
My dear sainted grandmother used to go on trips to Las Vegas and play the one armed bandits (slot machines), and would come back with a collection of silver dollars. This sparked an interest of silver dollar collecting in our family. Our silver dollars were all silver, not the copper and silver sandwich construction like some of the US coins are now. The silver dollars were beautiful and some were from the 1800's .
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Are British wallets different from American wallets? That British $20 wouldn't fit in mine for sure.
I have a friend who has the same kind of wallets we do here, but he just folds the bigger bills in half, before he puts them in it. He says it's easier to know what he's pulling out of it that way, too!!
Yes! They are deeper.
You'd have to sort your bills more in the UK than in the US
@@lisaannpennington3958 I don't understand this. UK bills are different sizes and colours so sorting is less important...
I'm a Yank so this is a necessity; would love to travel to the UK to find out first hand if this is a thing or not over there
The money is different sizes so the blind can tell the currency value, which is a problem for the US currency.
Thrombosed
Figured as much, we do that with the coins but not with bills. I’m sure there’s some reasoning but not sure exactly why.
@@nateman10 I know a few blind people and they all fold a different corner on each denomination bill so they can feel quickly which bill they are pulling out of their wallet.
@@nateman10 Surely they would be stacked in their denomination? Can't see banks stacking $1, $5, $10, etc dollar bills together. Makes no sense.
@@nateman10 Different sizes can actually help with automatic counters as they can just measure the size to determine the amount. Some counters can even split them automatically. Its also not that difficult to hand count even with the different sizes
If one has two two notes of different denominations, but nothing against which to compare them-what good is the different sizes? Blind Americans have access to small money-clip size bill-readers to identify bills, and the treasury prints LARGE numerals on one side to assist vision-impaired Americans. They have also made strides to put relief on bills and that should be rolling out soon.
People love to point out perceived “burdens” but both systems have their drawbacks. If I’m blind and someone gives me change which is in coins and a single note in British currency, if they’ve made a mistake I’m none the wiser if I don’t have something else in hand to against which to compare it. In this case the blind American with the e-bill reader is in a much better position. It’s a small clip that easily slides into a pocket and emits a series of corresponding beeps or vibration (according to the user’s choice) to denote the denomination. It can also speak the denomination in the user’s own voice should they elect to have a voice (which many choose to forego due to issues of privacy). This an advantage and far from a “problem for the US currency”.
we discontinued the dollar coin because they were constantly being confused with quarters, they were the same size and shape of the 25cent piece , so instead of reaching in your pocket and pulling out a quarter you pull out a dollar coin, and drop it in to a drink machine and instead of paying 4 quarters for that drink you pay 4 dollars, so people stopped using them and went back to the dollar bill.
Just an FYI - during WWII .... the military and civilian workers were paid with $2 bills. So your date 1976 is the second issue of the $2 bills
I love the "vegetarian" 1 pound coins
The thing I found most interesting about the British currency was that when the reigning monarch dies, all the currency has to be replaced with currency with the image of the new monarch.
It doesn't make the current currency illegal. You still use it but eventually will be taken out of circulation.
No, all the existing money will stay in circulation. Whilst new money with the new monarch will be used alongside like how it was before decimalisation when you had numerous monarchs on coins.
@@TheAxG It was very common, pre-decimalisation, to have coins with the portrait of the young Queen Victoria in circulation. They were usually pretty worn down, though (basically to a flat silhouette).
The UK's multiple bill sizes is to allow the visually impaired to tell the difference between bill values by feel. A key insight!
The plastic notes also have Braille impressed in one corner for the blind.
Roy Cousins never heard that, great detail (in both senses) (oh dear, is senses a pun here? Oh well)
If you've seen the movie about Ray Charles, there a scene where he's young and traveling with a band, and he tells the manager he needs to be paid in $1 bills only because (obviously) he's blind and couldn't tell them apart from larger denominations by touch.
@@Jim73 , oh man I sensed that inevitably *and* insensibly coming *but* there was no other way man!
The British notes are different colours and sizes and have dots in the corner for the visually impaired. The coins go in pairs of colour and size (one large one small), they have smooth/ ridged edges and are round vs multi-edged again for the blind and visually impaired.
missed the kennedy half-dollar coin. they're still in circulation like the $2 bill