App Store Google Play
Launch will never send you an email or text message requesting you update your Digital Banking login credentials.   Learn More

Cool Money Facts

We bet you didn’t know these crazy cool facts about money!

  1. Cattle are probably the oldest form of money. People used cattle as money all the back to 9000 BC, but did you know that some cattle were still used as money in parts of Africa in the middle of the 20th century?
  2. The first coins were pieces of bronze shaped like cattle which appeared in 2000 BC. The value of these coins were determined by their weight, making their use cumbersome.
  3. Coins with value imprinted on them were first produced by Lydia (present day Turkey) around 650BC. Around AD 806, the Chinese invented and used paper currency, but the first consistent use of paper money was by the French in the 18th century!
  4. The Massachusetts Bay Colony issued the first paper money in America in 1690. The colonies would later form the United States.
  5. On April 2, 1792, Congress created the U.S. Mint. A month later, land was purchased for its construction in Philadelphia, which was then the U.S. capitol.
  6. The U.S. Mint produced its first circulating coins in March 1793. Soon after, the mint began issuing gold and silver coins.
  7. Before the days of paper money, Americans traded animal skins for goods and services, specifically deer and elk bucks. That is where the term “buck” came from, which is used to describe money.

Related Posts

July 29, 2021
5 Back-To-School Money Saving Tips
July 13, 2021
How Shutting Off A Personal Line Of Credit Affects Your Credit Score Shutting off a personal line of credit can negatively impact your credit score because it affects your credit utilization ratio. Shutting down a line of credit decreases...
July 12, 2021
How To Spot A Phishing Scam By now, you have probably heard the term “phishing.” In case you haven’t, or if you just need a refresher, a phishing scam occurs when a scam...
Visit any branch location to open your account. For questions call 321-455-9400 (inside Brevard) or 800-662-5257 (outside Brevard).
Back to top