Presidential Trivia Time

A collage of various people appearing on United States currency

American presidents have been appearing on United States currency for almost 200 years now. Over that time designs have changed, denominations were introduced and removed from circulation, and the entire American economy has switched how it is backed. From starting with the silver standard, then to the gold standard, to being backed by no precious metals during the Civil War, then to a bi-metal standard, and finally to the gold standard again with the Gold Standard Act of 1900.

Several types of banknotes have been issued by the U.S. government over the years, with multiple types of banknotes even being circulated at the same time. Federal Reserve Notes were issued in 1914 and have been the only type of banknotes issued since 1971, which is the last year that United States Notes were issued. The present denominations of U.S. currency in production are $1, $2, $5, $10, $20, $50, and $100. U.S. coins are currently made in six denominations: cent, nickel, dime, quarter, half-dollar, and dollar. In honor of Presidents Day, here is a little bit of trivia regarding the POTUS that appear on those notes and coins:

  • Most Common: Our first president, George Washington, appears on the $1 bill. The average lifespan of these bills is just 22 months, thus their production accounts for approximately 45% of all U.S. paper currency.
  • Most Misunderstood: Thomas Jefferson is depicted on the $2 bill. Due to the bill’s low demand a very low number are printed. Since it is so infrequently seen in circulation, this has led to confusion among many as to the bill’s legitimacy as legal tender. The Treasury Department receives so many inquiries about this bill that they have included it on the FAQ portion of their website.a screenshot of treasury.gov explaining that $2 bills are valid legal tender
  • Still Standing: Ulysses S. Grant adorns the $50 bill, and has since 1913. This is despite two separate attempts by Congress to replace his likeness with that of Ronald Reagan.
  • About Face: President Abraham Lincoln’s profile graces the U.S. one-cent coin, and has the distinction of being the only person depicted facing right rather than left. According to the Treasury, they have no explanation for this and suggest it was a decision made by the original artist.
  • Isn’t it Ironic?: The $20 bill depicts 13th president Andrew Jackson, a fact he might not be too fond of. Jackson actually cautioned America to abandon the paper money system in his farewell address. Whoops.
  • Marching Forward: Franklin Delano Roosevelt has graced the dime since January 1946, just 11 months after he passed away. But why the dime? FDR founded the National Foundation for Infantile Paralysis to help eradicate polio, the foundation had huge success with a campaign asking people to mail in just a dime to help support the cause. You may know the National Foundation for Infantile Paralysis by another name though: The March of Dimes.
  • Hair Raiser: After the assassination of President John F. Kennedy, Congress moved quickly to honor him. Originally intending to replace Washington on the quarter his widow, Jacqueline Kennedy Onassis, nixed the idea and less than a year after his death half-dollar coins bearing his likeness were issued. However the first proofs made were not met with the former First Lady’s approval as she felt the coins made JFK’s hair stand out too much. Changes to the dye made the president’s hair appear less prominent and the coins were released to the public. Those proofs became known as the “accented hair” half-dollars and are now quite valuable among coin collectors.
  • Double Duty: Several presidents appear on both paper currency as well as coins. President Abraham Lincoln has the distinction of appearing on both the $5 bill and the penny; and George Washington is on the $1 bill and the quarter; while Thomas Jefferson resides on the $2 bill as well as the nickel.

 

While we’ve focused on presidents appearing on currency and coins in production today, here are some bonus tidbits for you

  • Three historical figures share the distinction of having their likeness on United States money today: Benjamin Franklin, Alexander Hamilton, and Sacagawea. Franklin appears on the $100 bill, and was of course one of America’s founding fathers, a noted inventor, author, scientist, and diplomat. Hamilton appears on the $10 bill, was another founding father, famous for writing The Federalist Papers, and was the first Secretary of Treasury. Sacagawea appears on the dollar coin, she was the Shoshone interpreter who was vital in guiding the famous Lewis and Clark expedition.
  • Despite having never been president, Benjamin Franklin has the distinction of appearing on the largest bill, as production of the $500, $1,000, $5,000 and $10,000 bills ended in 1959.
  • As mentioned above there have been two attempts to replace Ulysses S. Grant with Ronald Reagan on the $50 bill. In total however seven pieces of legislation have been introduced to put President Reagan on U.S. currency. Twice on the $50 bill, twice to replace Hamilton on the $10 bill, once to replace Jackson on the $20 bill, once to replace JFK on the half-dollar, and once to replace FDR on the dime.
  • President Woodrow Wilson made his appearance on the $100,000 bill. This note is the largest denomination of currency ever produced. It was used only for official transactions between Federal Reserve Banks and was not circulated among the general public.

Despite being a relatively young nation the currency of the United States has a long and interesting history, too varied to cover in this blog post. For example, did you know that Chief Justice of the United States Supreme Court (and namesake of Marshall University) John Marshall was once featured on a $20 Treasury Note and a $500 Federal Note? It’s true! Also other presidents have been featured on U.S. money, including James Madison, Grover Cleveland, and Dwight D. Eisenhower. Recently the Treasury announced they were redesigning the $10 bill and launched TheNew10.gov to accept feedback and keep the public updated on their progress. Since the process of selecting portraits and designs of U.S. currency falls under the sole purview of The Secretary of the Treasury this level of transparency is unprecedented and of great interest to numismatics. If you are interested in learning more about America’s money we recommend visiting the U.S. Department of the Treasury’s website at https://www.treasury.gov and your local library.

Valentine’s Day the Affordable Way

heart shaped pizza

Pink hearts, romantic greeting cards, chocolates, and red roses now adorn practically every store aisle. Yes, the season of love is upon us as Valentine’s Day is fast approaching.

Often the holiday all about love quickly turns into commercialism, which makes for an expensive Valentine’s Day. But don’t fret love birds! There are plenty of ways to celebrate Cupid’s big day without breaking the bank.

Just like an arrow to the heart, we are sending you some tips to make this an affordable and special Valentine’s Day with your loved one:

  1. Cook a special dinner at home. Skip the restaurant wait and expense and opt for an evening in. Cooking a nice dinner for your loved one whether it be their favorite dish or a Valentine’s Day themed meal is a great way to make your evening both special and affordable. Not to mention eating at home is a more intimate atmosphere compared to sharing a crowded, loud restaurant with other couples.
  2. Order a heart-shaped pizza. Ok so cooking isn’t really your thing. Never fear, pizza is here! Many pizza chains and local eateries offer a heart-shaped pizza deal for Valentine’s Day. This means you can avoid the mess of cooking and still stay in. Oh and best of all you get pizza. Sometimes you just need to give in to the heart-shaped everything and what better way to do so than with a pizza?
  3. See a matinée. If a romantic comedy or really just any blockbuster flick is on your Valentine’s Day date to-do list consider hitting up a matinée instead of an evening show. Not only will you likely avoid more crowds at a matinée, but you will also save money.
  4. Have your own movie night. If the matinée idea doesn’t thrill you, extend your Valentine’s Day in with a movie night of your own. You and your date could select a few movies each, make some microwave popcorn, and enjoy a cinema-like experience minus the crowds and ticket price.
  5. Take a walk. Even if it’s cold outside this Valentine’s Day throw on some coats and take a walk or hike somewhere. A stroll at your local park or a hike on a nearby trail is not only free, but makes for a lovely, intimate date. If it’s a first date taking a walk together is a great way to get to know your partner. If you have been in a relationship with your Valentine for quite some time, going on a walk can also be a great opportunity to simply catch up and just enjoy being with each other. Walking also helps your physical heart, which is an added bonus.
  6. Organize a group game night. Valentine’s Day doesn’t have to just be romantic. Hosting a group game night with your friends can be a fun and inexpensive way to celebrate. Have everyone bring their favorite board or card game for variety.
  7. Make your own present. Homemade gifts are a great way to show that you care. Not only do they mean more than store-bought items, but they are also easier on your wallet. You don’t need to be crafty to make a gift for your Valentine. You could go old school and create a music playlist for your special someone. If you are feeling ambitious a hand-made card is always a lovely, personal touch. Another idea for a present is to make a decorative jar filled with messages about your loved one. For example, you could write something you like about your partner on pieces of paper and instruct them to pull a piece of paper from the jar every day for the rest of the month. This way you could spread the love well past Valentine’s Day. If none of these suit you Pinterest is filled with many great ideas for sentimental, homemade presents.
  8. Have a progressive dinner with friends. A way to make your Valentine’s Day both fun and affordable is to put together a progressive dinner with a group of friends. The way a progressive dinner works is one couple will host the appetizer, while the other hosts the main course, and the next hosts the dessert. You travel to each person’s home for the event, which makes for a fun evening out that still adheres to your budget.
  9. Enjoy each other’s hobbies. Plan to partake in a hobby your partner enjoys and then in exchange they can do something you like. For example, if your Valentine likes playing video games offer to play as well. If they enjoy painting, paint with them. Then, in exchange, they can join you for an activity or hobby you like. Making time for each other’s interests is a great way to connect with someone and shows you truly care.
  10. Take advantage of your OVB Visa Rewards. You can save money and have the perfect Valentine’s Day with your sweetheart by using your Scorecard rewards points. For example, the points could be used on an overnight romantic getaway. Booking your stay is simple as you can do it directly from the EZCard site.

With the above tips hopefully you can make this a wonderful Valentine’s Day without going over your budget. After all like The Beatles said, “money can’t buy me love.” Happy Valentine’s Day!

A New Year, A New You

Top View of Boot on the trail with the text: New Year New MeThe holidays came and went in a flash and here we are already in the middle of January 2016. Winter is not only coming, it has arrived.

If you are like many others you might even be finding yourself in a bit of a slump. The New Year’s excitement is over and you seem to be going through the motions after the past few months of multiple celebrations. What should you do? As easy as it seems to sink further into your cocoon of post-holiday funk, it’s probably a better idea to pull yourself up and make a change.

The start of every New Year brings a fresh start. If you are looking for ways to simply adhere to your 2016 resolutions, check out our helpful tips here. However, if you really just need to break away from your seasonal blues, we’ve got you covered.

To be a new you in 2016 here’s some helpful advice: Read more of this post

Make Successful New Year’s Resolutions

Happy New Year Hat Times Square New YorkJust like that another year is coming to a close. As we prepare to bid 2015 farewell, many people are busy coming up with their 2016 New Year’s resolutions.

Ah New Year’s resolutions—those lofty goals we set to start the New Year right but often see ourselves failing to maintain as early as February. This year, however, just maybe we can all stick to our resolutions with some better planning.

By adhering to the following tips you might be able to make and KEEP your New Year’s resolutions for 2016: Read more of this post

Newlyweds and Money

wedby Hope Roush, OVB Financial Literacy Leader

As couples settle into newlywed bliss, one thing that can’t be ignored is money. “For richer or for poorer” means that many new couples must decide how to handle their finances. All too often money is sited as a major problem in relationships. Simply working on a sound financial plan together early on could be the key to a long, successful marriage. Read more of this post

Ohio to Offer Tax-Free Back to School Shopping

Back to school lettering with books, pencils and apple over chalkboard background

It may still feel like summer outside, but area students are preparing to head back to school in a few weeks. With the upcoming school year comes the need for new supplies. To help save on costs, Ohio will be hosting the state’s first-ever tax holiday on back-to-school purchases Aug. 7-9. Read more of this post

Save Money with Summer Staycation

Family laying in tent on lawn

Camping in the backyard is fun, easy, & cheap!

The summer season is often associated with travel. Every year many families pack up and head to the beach, amusement park, or other vacation destination. While vacations are fun, they can also be quite expensive – especially for families.

There are ways to enjoy summer fun without breaking the bank. Staycations are a popular option for both fun and frugality. It might seem boring to not travel far for your vacation, but with a little creativity you could end up having a great time.

Here are some great low-cost ideas to help you save money as well as make the most of your staycation:

  1. Explore your local area or nearby towns/cities. While you may live in and/or work in a town, you might have missed some of its “nooks and crannies.” Even if you’ve lived in the same place your entire life, there could still be some places you’ve never been or didn’t even know existed. Consider it an adventure!
  2. Visit your local parks or outdoor walking trails. This can be a great way to relax and let the kids have some fun. In addition, parks and walking trails enable you to enjoy the sunshine as well as get in some great exercise. To make it a day of fun bring a picnic lunch along.
  3. Check out your town and surrounding areas for museums. Not only are museums educational, but many local ones offer an unique experience. Several museums also offer special events and classes.
  4. Keep an eye out for any local festivals that might be occurring in your area. Many of these summer festivals often offer free concerts, activities for kids, and fun for the entire family to enjoy.
  5. Have a special movie-night in. Allow each member of the family to select a movie of their choice. Pick movies from your home collection or see what Redbox, Amazon Prime and Netflix have to offer. Settle in with some microwave popcorn and have a relaxing, entertaining time in your family room-turned cinema!
  6. Go camping from the comfort of your own backyard. If you have the supplies, set up a tent and spend the whole night under the stars. If you don’t own the necessary sleeping supplies, you can still enjoy the fun parts of camping like sharing ghost stories around the fire pit or roasting s’mores.
  7. Start a new project. Maybe you’ve been wanting to better organize your home? A staycation could be the perfect time to finally do so. Other projects could include taking up a new sport or hobby.
  8. A staycation is the perfect opportunity to take an art class. Many places now offer one night paint lessons, where you not only learn but also end up with your very own artistic creation that you get to take home. This could be a great activity for the entire family to enjoy.
  9. Consider going unplugged for the week. In today’s fast-paced technology savvy society, we often don’t realize just how much time we spend looking at our smart phones or surfing the web. Turn off your devices, except for emergency uses, and just enjoy being together as a family. This could leave you feeling rejuvenated after your vacation and ready to return to work.
  10. Go Geocatching in your local area. Geocatching is a real-world, outdoor treasure hunting game using GPS-enabled devices. Participants navigate to a specific set of GPS coordinates and then attempt to find the geochache (container) hidden at that location. Your local Chamber of Commerce, library, or visitors’ bureau is a great place to get started.
  11. Not into Geocatching? Instead you could create your own scavenger hunt for your family to enjoy. Offer prizes to winners, such as “no chores for a week” or “choose dinner for one evening.”
  12. Have a “theme day” with your family. For example, you could do a tropical theme and decorate for the occasion as well as enjoy a seafood meal.
  13. Check out your local library. In addition to having a variety of books and movies to choose from, many libraries offer special events and activities during the summer months.
  14. Host a family game night. From board games to console selections, you could even turn the event into a tournament with prizes for winners.
  15. Plan to see a sporting event together. While MLB games are always an option, costs can add quickly for a family. Fortunately, there are many minor league affiliates to choose from that offer a much lower ticket price. Research to see which minor league teams are near your area.
  16. Visit an area theme park or zoo. You might have to travel a couple hours to do this, but it would be a wonderful day trip for everyone to enjoy.
  17. Hit up your local swimming pool or waterpark. What better way to enjoy the summer sun than with some water fun?
  18. Go see a local theatre production. This is a great way to spend the evening out as well as support your area arts programs.

These are just a few of many ideas to make the most of your staycation together. Remember a summer vacation doesn’t have to be expensive to be fun!

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