In China, there are certain "bad notes" that frighten people and are refused as legal tender. Why?
posted by reenum
on Jan 16, 2014 -
"Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both. Defacement of currency in such a way that it is made unfit for circulation comes under the jurisdiction of the United States Secret Service." - source
"Defaced Money" tagged Tumblr posts
, 11 more impressive examples of creatively defaced currency
, 101 Unusual, Impressive And Illegal Pieces Of Defaced Currency
, and some cool guitar picks
posted by spock
on Jan 7, 2013 -
A new initiative recently proposed by the Royal Canadian Mint proposes to create the MintChip, a digital currency that’s similar (to BitCoin), but is backed by the Canadian government.
Aiming to become “the digital equivalent of the coins we use every day,” in the Canadian Mint’s own words, the MintChip will target micro- and nano-transactions conducted both online and offline, whether at the physical point of sale, on mobile devices, or among peers. Via
posted by infini
on Apr 20, 2012 -
Note Worthy: [guardian.co.uk]
Global economic meltdown, the euro crisis and Occupy protests – this year has been dominated by financial issues. But what is money anyway? We invited writers and artists including Jonathan Franzen, Margaret Atwood and Naomi Klein to invent new currencies and banknotes for a changed world.
posted by Fizz
on Dec 17, 2011 -
Out of thin air?
"Have you ever said something like 'Let me buy you a beer next week'? I'm sure you have. We all issue promises of this sort. And we frequently use such promises as a form of currency... I have just described a simple credit exchange. Societies rely heavily on promising-making and promise-keeping. It is the foundation of all financial markets. I'd like to point out something about the promises you make. They are made 'out of thin air.' " [more inside]
posted by kliuless
on Apr 14, 2011 -
is an alternative, worldwide currency in the form of original works of art.
The Bank of International Art Money is an independent organization directed by artists and free from any form of government financing.
posted by fandango_matt
on Oct 15, 2006 -
Ever wondered what old amounts of money would be worth today?
Or what you could buy with your current salary if you went back 200, 400, or 600 years? Now you can find out with a tool that converts English currency from 1270 onwards into today's prices. Based on Treasury records, it tells you that Mr Darcy's £10,000 a year would now be worth nearly £350,000, or that your house would only have to be worth the equivalent of £500 now to qualify for the vote after 1832.
posted by greycap
on Jun 28, 2006 -
A cool idea, and a fun allegory:
Bird and butterfly collages made with old bank notes (two pages, horizontal scrolling). Click the images to view larger versions and see the notes that were used (scroll down). More here
without the note source info.
posted by taz
on May 10, 2005 -
Buried Treasure Found In Backyard. (Google cache)
"The men were digging holes to plant trees in a friend's back yard when Crebase hit a wooden crate buried less than a foot below the surface. Inside were seven rusted cylindrical cookie tins, including one where 'National Biscuit Company,' and the word 'Ginger,' were legible through the thick rust. They flipped one of the tops, which was fastened with two hooks, and found it 'jammed' with the money."
posted by Joey Michaels
on Apr 27, 2005 -
Euro's rise raises 'catastrophic' fears
The euro rose on Thursday, topping $1.35 for the first time ever, amid speculation that the United States would not act to counter the dollar's decline.
"If we remain in a situation without any coordination, we can imagine a catastrophic situation" for the global economy, Finance Minister Hérve Gaymard of France told manufacturers during a factory visit Thursday in Strasbourg
posted by Postroad
on Dec 24, 2004 -