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V14 2011 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 14, Number 28, July 10, 2011, Article 18

HOW MONEY IS MADE AT THE U.S. BUREAU OF ENGRAVING AND PRINTING

Here's a short blog post from Seattle commenting on the New York Times article about how the U.S. Bureau of Engraving and Printing has slowed it's production of paper money. It includes a great slideshow of 60 images of how money is made at the BEP. Check it out! Included are sneak previews of the new yet-to-be-released $100 bill. -Editor

Printing US Paper Money

Get this: Last year, the U.S. Treasury Department printed no $10 bills. Zero.

When was the last time you used a Hamilton? Or, really, when was the last time you used cash?

Paper money is in decline, The New York Times reports. Today, the preferred way to pay is plastic.

You canít use cash on Amazon.com. You canít mail Apple an envelope full of money when you download from iTunes. Heck, you canít even use Washingtons or Lincolns anymore to buy snacks on most airlines.

And thereís one big exception to this trend Ė $100 bills are in high demand. Last year was the first time the Treasury printed more C-notes than singles, the NYT reports. And in places with fickle economies, U.S. $100 bills are hoarded almost like theyíre gold.

Itís all about the Benjamins, baby.

New $100 Bill

To read the complete article, see: How cash money is made (blog.seattlepi.com/thebigblog/2011/07/07/who-uses-cash
-anymore-fewer-and-fewer-americans-do/)

TEN DOLLARS FOR A FIRESIDE CHAT WITH DAVE BOWERS!

Would you pay $9.95 to sit down with Q. David Bowers and talk about the hobby? His latest book, Collecting Rare Coins for Pleasure and Profit: An Insiderís Guide to Todayís Market, is the next-best thing. Full color, richly illustrated, 144 pages. Order at www.WhitmanBooks.com , or call 1-800-546-2995.


Wayne Homren, Editor

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The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com

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