The Value of United States Currency in Circulation
Millions of bills and coins trade hands each day in America, while many more are lost and destroyed. We look into how much paper currency is in circulation today and some interesting facts surrounding the U.S. Mints production.
The Value of Paper Currency in Circulation
The $1 bill has a life expectancy of 1.8 years. There are 9.5 billion in circulation. There are about 850 million $2 bills in circulation, with a total value of $1.7 billion. The $5 bill has a life expectancy of about 1.3 years. There are 2.2 billion in circulation, for a total value of $11 billion. The $10 bill has a life expectancy of 1.5 years. There are 1.63 billion in circulation, for a total value of $16.3 billion. The $20 bill has a life expectancy of two years.
There are 6.26 billion in circulation, for a total value of $125.1 billion. The $50 bill has a life expectancy of 4.6 years. There are 6.26 billion in circulation, for a total value of $125.1 billion. The $100 bill has a life expectancy of 7.4 years. There are 6.25 billion in circulation for a total value of $625 billion. For bills from $500 to $10,000, the life expectancy and circulation varies. The total value of these bills is $300 million. In 2008, the total value of all U.S. bills, including federal reserve notes and currency no longer being issued, was $853.2 billion.
The Composition of Currency
U.S. currency paper is composed of 25 percent linen and 75 percent cotton. The penny is composed o 2.5 percent copper and 97.5 percent zinc. The nickel is composed of 25 percent nickel and 75 percent copper.
2009 Circulating Coin Production
The number of coins that are dated 2009 is made up of 1.65 trillion pennies, 86.64 million nickels, 146 million dimes, 379.12 million quarters, 3.4 million 50-cent coins and 322.98 million $1 coins. Of the $1 coins, 271.88 million are presidential coins and 51.1 million are Native American coins. The total number of all of the coins was 2.585 trillion.
Facts About U.S. Money
Between the Fort Worth, Texas, and Washington, D.C., facilities, approximately 18 tons of ink are used per day.
During the 2008 fiscal year, the Bureau of Engraving and Printing produced approximately 38 million notes a day with a face value of about $629 million.
During the 2008 fiscal year, the Bureau of Engraving and Printing delivered 7.7 billion notes at an average cost of 6.4 cents per note.