The End of the Dollar Bill? High Cotton Prices Could Force $1 Coin (via NewsFeed)

Makes sense..

It turns out $1 bills are worth less than the paper they're printed on. So-called "paper money" is composed of 75% cotton and 25% linen. This means that money printers are being badly hit by the global increase in cotton prices. In 2010, the cost of making one bill was 50% more than it had been in 2008. That's a hell of a leap for such a little piece of "paper". (More on See pictures of the dangerous history of printing money) Multiply … Read More

via NewsFeed


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