Episode 100 · July 3, 2021
Eternal Knowledge
For the 100th episode, the hosts reflect on what they've learned, then look into the origin of "centaur" and the history of American coins and bills.
“If you just listen to it regularly, you'll start remembering this stuff. So just put our show on repeat.” (49:38)
Questions
Where does the word "centaur" come from, and what are centaurs? (10:56)
Our guess
A half-man, half-horse from Greek myth; the name possibly related to "cent" (hundred) or "taur" (bull).
A half-man, half-horse from Greek myth; the name possibly related to "cent" (hundred) or "taur" (bull).
Reveal the answer
The answer
Greek mythology; the origin of "kentauros" is obscure, with one theory that it meant "bull killer", from Thessalian horsemen who hunted bulls on horseback. A common theory is that cultures without horses saw mounted nomads as one creature. The Minotaur means "bull of Minos".
Greek mythology; the origin of "kentauros" is obscure, with one theory that it meant "bull killer", from Thessalian horsemen who hunted bulls on horseback. A common theory is that cultures without horses saw mounted nomads as one creature. The Minotaur means "bull of Minos".
Verdict partly
How did American coins and paper money come about, and who is on them? (25:58)
Our guess
A national currency in the early 1800s, coins early and paper money before the Civil War, with presidents added later.
A national currency in the early 1800s, coins early and paper money before the Civil War, with presidents added later.
Reveal the answer
The answer
The Mint Act of 1792 created the dollar and decimal coinage, with the first coins struck in 1793. The government didn't issue paper money until 1861 (only occasional treasury notes). Lincoln was the first historical figure on a coin (the 1909 penny), the Jefferson nickel is from 1938 and the FDR dime from 1946. A penny costs about 1.5 cents to make.
The Mint Act of 1792 created the dollar and decimal coinage, with the first coins struck in 1793. The government didn't issue paper money until 1861 (only occasional treasury notes). Lincoln was the first historical figure on a coin (the 1909 penny), the Jefferson nickel is from 1938 and the FDR dime from 1946. A penny costs about 1.5 cents to make.
Verdict right
Transcript (auto-generated)
[00:00] So so we can just go right? Yep. Yeah. No, that's the whole thing. Let's just go. All right. Well, um, oh [00:06] No, here's what we do. Okay [00:08] Happy hundred [00:11] Happy hundred [00:13] This is you that was very [00:16] unsatisfying response [00:18] Sorry, this is you're like half 300 happy hundred [00:24] This is our hundredth episode Joey it is a big deal [00:28] Look I've answered so many questions. Okay, so here's what happened [00:33] Joey's exhaust [00:36] hundreds of questions, yeah, right [00:38] we we started this the [00:42] Undebeatables like [00:44] 45 years ago. Mm-hmm. We've been doing it like every day for our entire lives. I can't remember the beginning of it [00:52] We've just exuding Pacers, but at some point we said, you know, let's do let's branch out. In fact, I remember [01:00] I think that under Google will started around episode 200. Okay, it's not. I don't know the exact episode [01:06] It's like, you know 196 or 204 something like that. Sure [01:12] But what I do remember is that we had talked about we had had things come up during the show [01:18] Before that that we didn't know how to answer and I said, oh, that's an under Google ball. All right, right and then it became a bit [01:27] And now the four of us answered questions [01:30] That Google can't answer. Yeah [01:33] You're my three smartest friends [01:36] Just me [01:38] No, I'm looking at all three of you. Okay, you and your two other personalities [01:43] Okay, I was like, I don't mean I'll I'll do it you three are my my smartest friends and [01:49] I come to you with questions and but between all of us we kind of come up with something [01:54] That's sort of right in general. We have been sort of right and I'd like to ask you before we get into this [02:01] What is the [02:03] What's the best thing you've learned? What's the your? [02:06] Take away from the under Google Bulls [02:10] Harper [02:11] What's your favorite thing or your take away from the under Google? What I've learned is that I no longer have memory [02:21] Remember which ones we've done anymore. It's really kind of embarrassing [02:25] You just got to read listen to him [02:27] No, I the most interesting thing I didn't realize how many phrases were like came from [02:33] Valkyrie and horse racing why is it like Shakespeare's not a shock, right? [02:38] Like right school great stuff. Not a shock but like horse racing and falconry [02:42] Yeah, does that stuff? [02:45] I'm with you. That's been a massive realization for me as well. I think the the heavy reliance on the [02:51] Pliny's was [02:53] Okay, you didn't see a lot of plenty of the elder. I thought it was only for beer, but apparently right [03:00] also a [03:01] bunch of phrases. Yeah, I just like the awareness of [03:05] You know these phrases that were just in my vernacular [03:10] That I never thought about before and then you know, somebody said wait, wait, what? Why do we what is it? [03:18] Let's force ourselves to talk about it. Yeah. Yeah, that's good [03:23] and then I think the random of my one of my favorites is [03:30] Hearing Coalson explain [03:33] scientific [03:35] Phenomena or like evolutionary theory [03:39] Why isn't everything [03:44] Yeah, just helping you along that path along your journey to [03:48] You all have helped me with evolution quite a bit for sure [03:52] although I will say that I think my the height of everything that I have done on this show was having the theory that [04:02] Zebra stripes was a was a heating and cooling coil theory [04:06] That is my greatest and then we found out that there's a paper that [04:12] May be the case I [04:15] Don't think I've gotten anything else right on this show, but that was my highlight [04:19] I also was surprised I think by the amount of like a lot of the phrases that [04:27] They come from just like awful terrible things [04:31] Sure [04:32] stuff that you know, we didn't you know, you don't say it like sort of [04:38] with the [04:40] implied [04:42] Terribleness like the things like, you know torture implements [04:46] That kind of was it was the was the cat of nine kind of nine tails. Yeah [04:53] Yeah, what let the cat out of the bag was it yeah [04:57] Which also is I and we never looked this up but the cat has nine lives I assume is the same thing [05:01] Well, I've just decided that based on our show [05:06] There was also the [05:09] The bucket kicked the bucket the bucket was not actually a bucket but it was a board that [05:15] Strangled that held that animals like that was pretty grim [05:19] Also one Harper and I did that that's not been released recently [05:22] Oh, it's been on the beatables, but not on the ogles is [05:29] Basket case. Yes, that was really grim. Yep. Yeah, that did get grim fast [05:35] Yeah, these things surprise you have room they can be yeah, did I mention people are awful? [05:44] I've also I've really enjoyed going back to all of the [05:50] Holidays the anniversaries of the Easter Bunny and Santa Claus and the tooth fairy freaked me out [05:59] Everyone has a tooth fairy that's right and I'm gonna teach my kids that it's a mouse that comes to get your teeth [06:05] It's finally fair doesn't matter [06:08] I mean, they don't freak me out as a child. But hey, you know, do you is that better than some angelic creature coming? [06:15] And stealing your teeth too. Like I don't know. What does it matter? [06:19] Angels are designed specifically to not be scary [06:23] Whatever screw those ladies [06:29] Angel demographic [06:34] All the angels out there like what I do exactly they're a huge part of our demographic [06:39] I'm very generous of you. Not every angel is a woman. Yeah, that's true. No, I I think that [06:47] Archangel Michael, right for sure. No, but I'm talking about tooth fairies in general and [06:52] Do right there not all in his defense. Yeah [07:02] So I have a so this is the big celebration of the 100th episode which I never thought we'd get to this was kind of a [07:10] Throw it off to the side. Have a fun thing. That's not like us at all [07:15] Let's let's have let's have something else that's non basketball for all the people that somehow enjoy our [07:21] Repartee and don't care about Pacers and apparently there's a group of people that do that [07:27] So shout out to all of you that have made this this possible. We're now at a hundred episodes [07:33] Which means things been going on for over two years [07:36] Does that that doesn't even sound right? Not almost two years shit almost two years [07:42] Yeah, so [07:47] 52 weeks in a year. Yeah [07:49] Yeah, should we doing under Google on it? We've had multiple things on the calendar Coalson. So I I thought you'd be up on this [07:57] There's so two weeks in a year [07:59] Right. So that would be that our two years would be 104 episodes, correct? Yeah. Okay, so we're [08:06] Not all we're not there. Is there a leap week this year? [08:09] Yes, potentially [08:11] Well, so actually this this brings up a couple of interesting things because I want to ask some questions about century mark [08:19] Okay, the century mark [08:22] Like the century club the drinking game. No, no, I saw a guy lose an eyebrow over that really? Yeah [08:30] Yeah, just what do you do that? Just one? [08:34] What's the century drinking game? So the century drinking game is you drink a shot of beer every minute [08:42] For a hundred minutes. Yeah [08:44] So it doesn't seem you know, like if you know that seems like a lot here, you know at first it doesn't see [08:51] Oh sure for the first 20 minutes. It's fine. Right? Yeah, but then it's you know, a hundred ounces of beer in you know [08:59] Our well a hundred minutes, you know, well it's house and a half. So yeah [09:04] Okay, 150. Sure. Sure. Okay, so that's what works [09:10] So we're talking about ten beers [09:15] So in college Xavier [09:20] His name would nickname was lurch big deal [09:25] He got he he success well [09:28] Successfully in quotes, but he he did he completed the task [09:33] But got really, you know, he'd like to get very sick [09:36] No, he'd like he's a big dude. So he like passed out on the couch and they just shave one of his eyebrows off [09:44] But you can't go on like that, so [09:48] You know having one eyebrow raises more questions than it answers, right? [09:51] So [09:53] Did he have to take the other brow? That's the that's the painful thing is you got to shave your own second one off [09:58] Yeah, you got to do that one yourself right as a painful reminder of what you've done [10:03] You know, I actually remember [10:06] Phil Meath used to tell me that he didn't know what eyebrows were for until he lost both of his [10:11] and then when he said it's it's to keep [10:14] The shower water out of your eyes. Okay, that's the main reason for eyebrows [10:21] I think that's his first appearance on this podcast [10:32] Phil okay, we got a guest spot for you for sure. We always have an open seat [10:37] We do it under Google rules. That was the play of super excited told us we had to [10:56] We signed up for it in the end it's gonna be better and more true than Google can give you [11:05] So century mark maybe think of a couple things the centaur [11:14] What do we know about the centaur is it it's a Greek horse half-man [11:22] Half horse half horse [11:24] Half horse half man. Is it the top part is the horse in the bottom half of the man? [11:29] What's what's the what's the front the front half the bottom half and the bottom half is the horse and the top half is a man and [11:38] then [11:39] What's that? What's the other thing called? Yeah, if you're a top horse and bottom man, so [11:46] Is that a tar scent? [11:49] No [11:51] Yeah, I think I always envision a centaur is like it's the four legs of the horse and then where the [11:59] a horse's neck like mane and head would come out is sort of a [12:05] Human torso a man's turn right and right and everything [12:11] And I have no I don't I [12:14] Was listening to stuff you should know the other day and they talked about how they wished they had [12:20] Paid more attention or had more interest in [12:24] Mythology when they were in school and I really identified with that cuz I I suck at mythology. I don't know any [12:34] But I wish I did cuz it's kind of like weird and interesting and [12:38] Fun, so I know nothing about a centaur. I don't know where they like supposed to be [12:44] you know [12:46] good in battle or [12:48] Like what was their role in the they're another good archers that was like how they they would fight [12:55] And I think they're very noble creatures [12:59] Well regarded amongst, you know the other species [13:05] Very ethical [13:07] So they're warrior warrior but also [13:13] Like benevolent. Yeah. Yeah benevolent warriors. Yeah, they're always they're always good, you know good people [13:19] Okay, or good good tars. I don't know how you [13:23] Now see, okay, so this is another question I have like I think of Taurus Taurus [13:31] Which is a bull, correct? [13:34] Not a horse [13:36] Yeah, that sounds right [13:39] So where do I get a centaur and also isn't a centaur a thing? I would play in [13:45] India [13:47] Sitar sitar sitar sitar. Okay, that's different. Well, if you you could play a [13:53] I mean if you're like a you can play a centaur like, you know, love them and leave them, right? Like I [14:03] Got hate the hate the player not the game right or the game up there certainly about that [14:08] I need to read [14:12] But but Taurus Taurus is like bull, right? [14:15] Right Taurus is bull. So where's where's the okay? Where's the word centaur come from is scent is century [14:22] so right so scent [14:24] for century [14:26] how is that connected to a [14:29] Centaur scent is also well, it's also a hundred. I know that's what century is [14:35] But I'm just saying it doesn't happen necessarily be related to [14:39] Century. Yeah, so like I said like a like a penny is a scent which is a hundredth of a dollar, right? [14:46] So is scent or a century or bicentennial all that that that is that connected to centaur [14:54] Is this is the same route, right? [14:56] and also there's there's a there's a bull involved and [15:01] There's a half human half horse that came from is it did we decide it was Greek [15:06] Or is it is it Norse? Is it older than that? I mean it could cross over this on the existing Greek. Yeah [15:13] Yeah, yeah, I would I would [15:16] Yeah, but I think that there are a lot so that the stuff you should know upset [15:20] I just listened to was the mermaid is it [15:23] Hold the one about mermaids. And so they were talking about there's a lot of these half [15:29] This and half human hybrid like animal hybrid deals things in lots of mythologies or whatever [15:37] So, yeah, so I don't I associated with Greek but again, I know I do too and also [15:44] What's the Disney movie? [15:47] Moolah Tasia, they're also in Fantasia. Really? Mm-hmm. There's a bunch of centaurs in them [15:55] It's been old it's been a while [15:58] You probably also were on drugs when you watched it me and yeah, yeah me and the weekend [16:05] Is on day quill yeah me and the weekend were [16:13] Getting at it as they say as they say [16:18] Okay, what is that? So [16:20] What about the suffix the second half of the word? [16:25] Are there other words that in in taller tar [16:29] All I could get was tourists like a minute. Oh, yeah minotaur. Yeah, what's a minotaur? [16:35] That's a bull [16:38] Isn't that like a half bull half man? Yeah, but like a giant [16:43] Yeah, no, that's like a man with a with a bull head. That's a minotaur. Yeah. Yeah [16:50] And [16:52] So I don't know so maybe tar is like it's like how we called, you know, it's like dinosaurs, you know [16:58] it's a blank a storis rex and so tar is [17:03] Hybrid means hybrid beast or something. Okay, okay [17:08] That makes the sort of zodiac Taurus a little confusing [17:13] It does is the zodiac. Is that Greek or is that Roman? I was thinking I thought it was Roman [17:23] Yeah, I also thought I was hippie [17:25] Um [17:28] Cassia pia. No, I think it goes back to ancient times, right? No, no, I probably all the constellations are named [17:38] I don't know [17:39] I don't know like so it's like when the constellations appear in the sky basically, right and like [17:45] Going back to the greeks probably even mesopotamians like [17:50] Potentially. Yeah [17:52] I I do wonder what the with the tar thing if it you know, the greeks didn't have some, you know [18:00] primitive classification structure [18:04] And so horses and cows like could potentially be closely related and have a shared of the same [18:11] Yes, yeah, I like that sure that makes their food their ungulates. Yeah, if you will. Yeah. Yeah. Yeah [18:20] So then sen [18:22] And mino, let's see if we can oh see so now it's sent and not sent which makes it different. Yeah [18:30] So if we're going with tar, right [18:32] So send could be different not sent [18:36] Which would keep it from being [18:38] 100 [18:41] Which makes us irrelevant to our original? Uh [18:44] hundredth episode things [18:48] That's why it's under google it's the magic of the game Harper it's the magic of the game [18:53] The magic of the game [19:00] I got nothing half man half horse, uh greek [19:05] and uh [19:07] And sin means ten [19:11] And many means one [19:13] And yaga means birth [19:16] Meister means meister means meister [19:20] Okay, it's centaur comes from greek mythology [19:24] Uh [19:26] They represent barbarism and unbridled chaos [19:31] And we're frequently represented in uh sculpture and pottery. Let's see [19:47] Centaurs were believed to live in the forests of thessaly [19:51] beyond the laws of man [19:56] These mythical creatures may actually have had a basis in reality as there was a tradition in thessaly of hunting bulls on horseback [20:04] And the very word centaur may have originally meant bull killer [20:08] Hmm [20:10] So we're actually talking about bulls not horses [20:13] Yeah [20:14] Yeah, we are [20:18] Perhaps the horsemen of thessaly were so skilled that they seemed at one with their horse [20:23] And so the myth of a single creature was born [20:28] Minotaurs also ancient creek [20:32] Mythical creature portrayed in classical times [20:35] The head and tail of a bull in the body of a man [20:44] Okay, the etymology [20:46] The greek word kentauros [20:48] Is generally regarded as being of obscure origin. This is according to wikipedia [20:54] The etymology from ken [20:57] and tauros meaning piercing bull [21:00] Uh was a euphemistic no euhemerist suggestion [21:06] in [21:07] uh [21:09] Fatis's real rationalizing text on greek mythology. Yeah [21:14] that one [21:19] Another possible related etymology can be bulls later [21:26] um, so the uh [21:28] Boy, the mythology behind the centaur is pretty [21:31] Intense, how do I say that word izion ixion ixion [21:38] Fell in love with the goddess [21:40] Hera wife of zeus and so zeus decided trick [21:44] izion [21:45] And made a cloud and shaped it [21:49] to look like his wife and called her [21:52] uh [21:53] Nephilae, yeah [21:55] um, and then so uh nephilae and uh [21:59] ixion consummated their love and resulted in a deformed child named centaurus [22:08] Uh, centaurus mated with the wild mares of the forest [22:12] And therefore this union created the half human half horse centaurs [22:15] So [22:18] Yeah, that's fun [22:26] Yeah, I literally have no idea if we answered your question [22:29] I don't think we did [22:31] So the origin the most common theory holds that the idea of centaurs came from the reaction of a non-writing culture [22:38] As in the minoan Aegean world to nomads who were mounted on horses [22:44] The theory suggests that writers would appear as half man half animal [22:47] Okay, sure [22:50] Bernal diaz del castillo reported that the Aztecs also had this misapprehension of about spanish cavalrymen [22:58] Hmm. Wow humans are real dumb [23:01] Yeah [23:02] What um, so you were gonna say something about the minotaur there, uh Harper and then we cut you off [23:07] Oh, no, not at all. I I mean it just [23:11] It's a lot of stuff that we learned a long time ago and probably forgot like ovid [23:15] Um, you know minotaur at the center of the labyrinth [23:21] Um, oh, yeah data lists [23:28] And minotaur i'm guessing comes from minnow being like of the minoan [23:35] Civilization right and like [23:38] So the word minotaur derives from ancient greek. It's a compound of yeah, exactly minos and [23:45] And bull so bull of minos [23:48] Yeah, uh in crete the minotaur was known by the name a starian [23:52] A name shared with minos's foster father and a truscan [23:56] the minotaur had the name [24:00] Characters that aren't english [24:07] I'm gonna go with uh, oovre minis probably [24:12] What is that? That's a theta, isn't it? Save room in us [24:18] There you go [24:20] But yeah, basically spread across the uh greek classical time period area [24:27] Shows up in dante's inferno. Oh i'm seeing here that the centaurs were not good with alcohol [24:35] They uh [24:38] They they got real crazy real fast [24:41] So they weren't as noble as you thought they were well when they were so words [24:45] They were lightweights [24:48] One centaur got drunk almost instantly and tried to run away with a bride [24:54] Nice like at a wedding not great [24:57] It's not a good look [24:59] Right the other centaurs suddenly that drunken frenzy attempted to force themselves on the female cast. Oh, no, boy [25:06] Yeah, that took a turn [25:08] It did got dark real fast as these things often do all etymology [25:13] And certainly all mythology does it's like where did this come where this phrase come from? Oh, oh [25:23] Yeah horse on woman rape [25:25] Yeah, that's all right. That's what we got it was attempted. It sounds like yeah, they they i'm sure that it was fine [25:30] I'm sure it was great. Yeah [25:32] So moving on [25:34] another [25:36] Scent question I asked I mentioned earlier the penny [25:39] The cent which is the 100th of the dollar [25:47] It was so fast [25:50] You gotta clear your queue man, so then you can just go search through [25:58] Um, so, um, I guess this is a larger question about [26:06] uh [26:08] Money, right? [26:10] Um [26:11] When did we come up with the penny? Why does it have a brilliant ham lincoln on it? [26:15] I know that the penny costs more to make than to than it's worth [26:20] um, also [26:22] When we're talking about [26:24] Century, we got the hundred dollar bill [26:27] Um, who's on the bill why what's going on? Isn't that a isn't that a jefferson or hamilton or uh, [26:35] Or a or uh franklin, it's benjamin franklin. That's what those are [26:39] Yeah, um [26:42] You know, um, what why why when did these things get decided in our history as america? [26:48] Um, let's talk briefly about uh american currency [26:53] Okay [26:54] So no question we're just right [26:57] Let's just let's grab about uh money. Yeah, no, because I like okay like for example like when's like, uh [27:04] What's the most recent decision we made? [27:07] um about [27:10] Figurehead on a on a monetary on a piece of money [27:16] Uh harry tubman is [27:18] Placing jackson on the 20 on the 20s, but she hasn't that hasn't happened yet. Correct, right? [27:26] Yeah, so that's upcoming probably anything that happened on a two dollar bill [27:30] Yeah, right. Yeah, the two dollar and then they did that whole thing with the quarters like a while [27:34] Where they made the states. Oh, yeah. No, there's always weird stuff happening with quarters [27:41] But uh, there's still uh, take that dc washington's still on the quarter though, right? [27:47] Yeah, uh, yeah washington is yeah, wash the uh, washington is always on one side and then the flip side [27:54] changed, uh [27:56] lincoln's on the penny, uh [28:00] Who's on the the nickel jefferson? [28:03] Jefferson, uh fdr is on the dime [28:08] I believe so. Yeah [28:11] And then uh jfk is on the 50 cent piece or is he the dollar piece it's uh 50 cent piece. Yeah [28:18] Yeah [28:19] and then [28:20] sakagawea [28:22] or [28:23] Sakagawea, I think around the dollar coin, which you don't see a dollar coin [28:31] No, uh, so the so mike [28:34] Okay, so [28:36] all of europe [28:38] I do know that so when when the united states became their own thing [28:44] There's a big problem because basically every state [28:47] Was like issuing their own money and then at some point there was a [28:53] Huge collapse was a jackson that had to like shut down everything and was like [28:58] All right guys [28:59] Like the banks are going crazy because we have no it's because different currencies have different value [29:05] And so we got to come up with a national bank [29:09] And so I think that happened in the early to mid [29:14] 19th century, right [29:17] Well, isn't that what uh [29:20] Hamilton and well, they are [29:26] I forget who I think hamilton wanted a national nationalized bank [29:30] bank, but didn't [29:33] He certainly figured out a way to lend people money [29:36] That was important, right? [29:39] Yeah [29:40] But we didn't have a nationalized currency until you're saying jackson. That's a good I like that guess [29:47] I mean, I don't know. I mean, maybe it went [29:50] Earlier than that. I have no idea [29:52] I mean it makes sense if you're designing a country [29:55] Like one of the things you would want to do is say like, okay [29:58] We have the ability to print money right and like this is the only currency that will be allowed [30:05] And one of the things that happened during the revolutionary war is that we couldn't get people to take [30:10] American money. They all wanted the british pound [30:13] Right, so I suspect [30:15] That once we had american broke away, we would have rectified that pretty quickly [30:21] I would have thought because that was like a legit logistical issue [30:26] Right, right [30:28] Yeah, and he and we would have wanted to be able to take on debt so that we could [30:33] Finance things. Yeah [30:37] Naturalizing the banks was pretty important in the in the very beginning. Yeah [30:44] So [30:45] Yeah, probably very early. I mean i'd go with [30:51] Yeah, very early 19th century [30:56] Right [30:59] And then so because you have to have a u.s currency right before you have the penny right and then the question is when do you start? [31:07] Like what are the first currencies that come out I would imagine that the penny you think [31:13] Would be one of the first denominations. I don't know. Yes. I agree with that [31:18] like a dollar would be [31:20] Hyper valuable at is is the [31:25] 1806 right is the pence british [31:28] Or is that american the pence and the half pence? [31:32] Is that british or six pence sing a song of six pence? Yeah. No, I think that's british. She that's british. Okay [31:40] so the penny is potentially the first [31:44] American I mean I suspect that we probably came out with [31:49] pennies nickels and [31:51] At least dimes all at once maybe I mean, okay for many for a lot [31:55] I mean, I I don't know when the first paper money came around [31:59] But forever people were just you know mint and gold [32:03] coins, right [32:05] Yeah, or whatever valuable. I mean a nickel is a nickel because it was made out of nickel exactly right and like pennies are bronze [32:14] Copper copper recently now there's zinc I think [32:18] most I think there's like a little bit of copper in there, but [32:21] Maybe not mainly zinc now. Yeah [32:24] And so obviously at that time we weren't rocking fiat money we were just rocking [32:30] Something on the gold standard for sure, right? Yeah, so probably we didn't start printing paper money until we were [32:40] So much off that we weren't off the gold standard until the the depression [32:45] Until after the yeah, that was we were on the gold standard until then right [32:51] For sure, and there was definitely paper money [32:54] Pre yeah, there must be a war pre-civil war. I mean [32:59] Yeah, yeah [33:01] So sometime between the creation of the country and the civil war so we have got a hundred years to make money [33:09] Um well to make paper money [33:11] Make me paper because in a sense paper money is pretty fiat, right? [33:16] Like it doesn't have any like it's paper doesn't have any intrinsic value. It's not a quote. Right? [33:21] Yeah, exactly, right [33:24] So, I mean you would think that there'd certainly be a period of establishment [33:29] Of you know actual coin money before you can make people believe in the paper stuff, right? [33:35] well, right and I think more so just like the value of [33:42] Like most everyday transactions at that time would have been [33:46] very small in value, so like [33:49] there's no way that your your average Joey six pack is [33:54] you know [33:55] Shilling out. Yeah, I mean a $50 bill or whatever [33:59] Mini nails. Yeah, yeah, like three nickels or something [34:05] Are shillings involved do we have shilling? Did we have shillings for it? [34:10] That's my question about penses and half penses. Yeah, what do we have because the thing is is like [34:20] After after the civil war you've got [34:23] The gold rush [34:25] And then by the turn of the century you got robber barons. So like there's so much money in this country at that point [34:32] that like [34:34] It's worth stealing [34:38] So we made the area [34:40] So I think clearly there was so my guess is that there were [34:45] denominations of coin [34:47] Far links that happened good. Yeah far things [34:51] Quickly after the creation of the country [34:54] Uh [34:56] And I I think if i'm remembering right, I think they competed with state based currencies [35:02] And then eventually they said okay [35:04] Let's get rid of these state-based currencies. Yeah, that feels right [35:08] um [35:11] At some point there there had to be a [35:14] Re-examination of who was on what denomination right? So that's that because there was [35:20] There was not a president on the original penny, right? I mean there was something else [35:25] Um, there was what was that? Was it just a coin? I mean, I don't know what was on that [35:30] I had to say the us government on it was famously a buffalo nickel [35:33] Right buffalo nickel for sure which are but I thought that was always on the back [35:38] No, I mean, I don't know [35:41] I don't know [35:42] But I know that fdr wasn't around [35:46] When they made the first dime [35:48] Yeah [35:49] Right also, I thought it was eisenhower for most of my life. Is it true men on that time? [35:55] No, no, it's it's fdr [35:57] Okay [35:58] Yeah, and then I hope so [35:59] Um, and then truman's, okay [36:02] I know we got right [36:05] We've got um [36:08] washington on the dollar bill [36:10] We got uh jefferson on the $2 bill. We got lincoln on the $5 bill [36:16] Uh, who's on the 10? [36:19] Hamilton hamilton, I think hamilton and then jackson's on the 20. Yeah, let's just say give me some hammies [36:27] And then uh franklin's on the on the 100 [36:32] And who's on the 10? [36:36] Grants on the 50 who's on the 10 000 dollar bill there's no 10 000 dollar bills there [36:40] No, there's who's on the no [36:43] There's never been a denomination over a hundred [36:46] Who's on the thousand dollar bill? [36:49] There's jay coleson [36:52] I mean if you'll buy it [36:55] Yeah, i'll put whoever just named him franklin's [37:04] Is that right there's never been a [37:07] Done an nomination over a hundred dollars [37:11] Not to my knowledge certainly isn't now so it's got to be sometime after [37:20] um [37:22] At least fdr [37:24] Which would be after we come off the gold standard that we [37:27] Decide all of these presidents. They're going to be on these things [37:29] Also, it's there's very few presidents that were going between right or I mean, I know that benjamin flakeman's not a president but [37:37] um, you know [37:38] You're you're going with a lot of founding fathers and then a lot of lincoln [37:43] Moving from back and forth on these things [37:46] um [37:47] So it feels like these decisions were made and locked in a long time ago [37:50] Like we don't have like the reagan quarter or whatever [37:55] So you can buy uh, I think on these late night tv shows you can buy you probably can't buy a lincoln coin [38:02] At least i'm sorry reagan coin. Yeah. No, I think I mean, I think that they make them now because people would just like buy them [38:09] right [38:12] So those are like the [38:14] commemorative plates [38:16] sure [38:18] for skeet shooting [38:20] No [38:21] For putting in a cabinet and never doing anything with them [38:24] Okay, so according to the burlington county library system [38:32] the uh [38:35] First one cent coin [38:38] Uh struck was in 1787 by a private mint [38:45] Uh, this penny known as the fugio cent was 100% copper [38:51] Hmm and this composition would continue until the mid 1800s [38:58] Uh in 1856 the flying eagle cent was introduced [39:04] I'm trying to look uh, let's see. So it looked like the original penny [39:10] I can't even tell what's on the front side. There's like a sun [39:14] shining and [39:16] Who knows what's going on and then a backside. There's a bunch of rings. I assume this is all like, um, [39:21] Uh, who are the guys knight's templar masonic imagery or something? Okay. Okay. Anyway 1856 flying eagle cent was introduced [39:32] um [39:35] Blah blah blah blah, it was smaller than the fugio cent and instead of 100 this coin was 88% [39:41] copper [39:44] In 1859 [39:47] the indian head cent [39:50] Was uh minted [39:52] And it was 95% copper [39:57] in 1909 [39:59] Abraham lincoln was the first historical figure to be featured on a us coin [40:04] Nice when he was portrayed on the penny for his 100th birthday [40:09] nice [40:11] The lincoln penny was also the first coin to feature the phrase in god we trust [40:16] Uh in 1958 a new design [40:20] featured the [40:21] lincoln memorial [40:24] On the back of the penny released on his 150th birthday [40:30] Uh, and then in 2010 [40:32] The back of the penny was redesigned to feature a union shield [40:39] so in 1775 when the revolution war became inevitable the continental congress authorized the issuance of currency to finance the [40:48] conflict [40:49] Paul revere made the first plates for this continental currency [40:53] really [40:56] He did a bunch of stuff I guess what's that he did a bunch of stuff paul revere [41:00] Yeah, paul revere was a busy little bit. Yeah, it was [41:03] After the u.s constitution was ratified congress passed the mint act of april 2nd 1792 [41:09] Which established the coinage system of the united states and the dollar as the principal unit of currency [41:14] By the sect the us became the first country in the world to adopt the decimal system for currency [41:20] Suck it metric [41:23] The first us coins were struck in 1793 at the philadelphia mint and presented to martha washington [41:30] The government did not issue paper money until [41:33] 1861 [41:35] Wow [41:36] In interim years, however gumma did issue treasury notes intermittently during periods of financial stress such as war of 1812 [41:42] the mexican war of 1846 and the panic of 1857 [41:46] But you guys killed it. You said that uh paper money wasn't really a thing until civil war. So you guys nailed that [41:53] Nicely done [41:54] How about this? Okay, i'm gonna do a start of the week. Oh what the inside and under google? [42:00] I don't know if this is coming before. I don't know. Do I have to play the jingle? [42:03] I don't know what's gonna happen. This is the whole thing explode [42:07] I'm done. It's the hundredth episode hundred episode all the rules are out the window [42:11] Joey start of the week [42:15] The most expensive expensive penny sold at auction was in 2015 for 2.6 million dollars. Oh my god [42:22] That's a lot more than one cent [42:24] Yeah, it was the birch cent. It was a penny made in 1792 named after the engraver its engraver robert birch [42:33] There was 10 similar coins [42:37] um [42:38] So it's only one of 10 that's why it's worth so much money. I mean, it's also from 1792. Sure. Okay [42:45] It features a profile face representing miss liberty [42:48] Um framed by I think this is interesting framed by a motto that was later abandoned liberty parent of science and industry [42:58] The not in not in god we trust [43:02] Interesting, uh, yeah, we should have picked up on this. So uh, apparently ben franklin designed [43:08] the first penny [43:10] Uh, and he is uh, coined the phrase, of course a penny saved is a penny earned right? [43:16] Of course, he did say that back that far [43:20] During the early penny making years the us mint was so short on copper [43:24] It accepted copper utensils nails and scrap from the public to meltdown for coins [43:33] right and [43:34] um [43:35] and now again, uh pennies are [43:38] Yeah, more expensive to make than they are worth. Yeah, and they are 2.5 copper [43:44] Okay [43:45] You gotta have [43:47] Jason here's an in my face for you under congressional acts of 1878 and 1886 five different issues of silver certificates were produced [43:55] ranging from one to [43:57] 1000 dollar notes [44:01] The treasury exchanged silver certificates for silver dollars because the size and weight of the silver coins [44:07] Made them unpopular. The last series of silver certificates was issued in 1923 [44:13] However, the last series of modern silver certificates produced were in the series [44:18] Uh, whoa [44:20] Where are they going here? [44:23] 1957 maybe [44:26] Yeah, they went to a replace here [44:29] Okay [44:31] so [44:32] The first jefferson nickel was issued in 1938 replacing the buffalo nickel [44:38] Okay [44:40] 38 okay fdr is on the dime [44:46] uh [44:50] Which was first minted, uh in 1946 the year after roosevelt passed [44:56] Okay [44:57] makes sense [45:01] Who was on the dime before him do we know good question [45:04] uh [45:05] Uh, the mercury dime was in circulation since 1916. I don't know what that means but that seems bad [45:13] Uh, yeah, exactly [45:15] uh [45:16] Very tasty though. Don't suck on the mercury dies. The washington quarter dollar was minted in 1932 in celebration of [45:26] uh [45:27] washington's 200th birthday [45:32] so this is a bunch of fdr trying to [45:35] Figure out the depression right 32 and 38 [45:42] Yeah, all right. So since this introduction in 1796 the dime has been issued in six different major types [45:51] excluding the 1792 [45:53] dismay type [45:56] Which you're aware of so we'll skip over that [45:59] We've got the jake bust don't talk down to me the capped bust ceded liberty barber winged liberty head [46:05] mercury [46:07] and roosevelt starting in 1946 [46:10] Hmm [46:12] I've got some uh, some interesting numbers here [46:15] Uh, this is uh the fiscal year 2020 [46:18] But the unit costs to produce the some coins [46:22] Uh, so the penny costs [46:25] 1.51 cents to produce and distribute. Oh, it's cheaper than I thought [46:29] Yeah, it does vary from year to year. It usually ranges between uh, a set and a half to two cents [46:35] um the nickel costs six point five three [46:40] cents, so also a losing proposition [46:44] The dime just where you make it up. You make it up on the back end [46:48] the dime [46:49] Is uh, three point two six cents nice. So that's way under and the quarter [46:55] Cost seven point six cents. Oh, that's where you make it up. Yeah [47:01] Okay [47:04] So why don't why can't we just move to quarters? Have we figured this out? Why can't we get rid of coins? [47:11] Why are there coins? [47:15] That's the under google bowl [47:17] That's the true under google [47:20] Right, it's true. I could just wave my phone at stuff and it pays for things. It's a real thing that happens [47:26] Yeah, yeah. Yeah. Yeah also bitcoin's a thing now and that doesn't even exist [47:32] That's how it works right oh wait [47:35] I like you food. I'd like to hear you explain to me [47:39] Not today so [47:42] Enjoy the uh [47:44] Advances in technology where you can use your phone to pay or credit card and and i'm i don't use cash often [47:50] but [47:51] I wonder if you guys are similar to me and that if you go to a place that does not accept cash [47:59] I get irrationally upset at that place. Oh, oh I do too. Okay. This is legal tender [48:05] Right, right. It's like it says on the thing by law. It's good for any debt [48:10] Public or private like you can't not take my money [48:15] Who does that? Where do you guys go where they don't take? Not often anywhere during covid probably [48:21] Yeah, I first encountered it in new york. I [48:25] Took a bus up there [48:27] Got out was super tired was like, oh, let me go get a coffee found a coffee shop went in there [48:32] You know bought a you know, two dollar cup of coffee [48:36] And they're like, yeah, we don't take cash. I was like, are you kidding me? Really? And then i've encountered it a few times [48:43] Um, I mean the thing is is they have to pay a fee every time they run a credit card [48:48] Like why wouldn't they just prefer cash? They're not that [48:50] So they don't get robbed. Yeah, they don't get robbed and then think about you know at the end of the day you have to spend [48:58] How much time [48:59] balancing the cash register [49:01] Yeah, it costs a lot less to pay a peon to count your cash register than it does [49:06] All the fees you pay every time the credit you run a credit card. I mean probably yeah, but [49:11] Yeah, it definitely depends on how much money you're moving [49:14] Yeah, that's true. That's true. But i'm just saying it's new york. It's new york, uh, peons [49:20] That's your indiana peons. Sure. I mean 1.5 percent of two dollars is three cents [49:27] So that's a lot cheaper than a human to count [49:30] Right, but when you start adding those numbers up [49:33] Six nine [49:38] Math is hard for me [49:41] Any well, uh happy happy hybrid y'all did we learn some stuff? [49:46] No, totally. I don't know marginally we did now [49:49] But the problem as Harper brought up at the beginning is we will forget it in a week or two [49:53] Well, no, but but here's the deal and I want to I feel I feel like a hundred episodes in this is the most important thing to [49:59] To uh to say about this show [50:01] If you just listen to it regularly, you'll start remembering this stuff [50:05] So just put our show on repeat. We got a hundred episodes [50:08] Whoa, let's do it all the time [50:10] Every time you brush your teeth every time you take a shower just learn something relearn something. That's I feel like that's a big ass [50:17] Watch i'm not saying they have to i'm just saying if you want to remember it [50:20] I'm just saying like just learn it and then remember most I just say a lot, you know [50:25] Every show you listen to they're like, you know, like and subscribe. Tell your friends. No, you're like, no, no, no [50:29] Put our show on repeat [50:32] What i'm saying is a lot of shows that you listen to are probably [50:37] About the news or about what happened yesterday, and this is eternal knowledge that you're gaining right now [50:43] You can listen to this anytime anywhere and it's relevant. That's all i'm saying [50:49] Okay [50:50] So listen to this now tomorrow [50:53] And for the rest of your life [50:56] Do you see it to see this out Joey? What happens here here? [51:00] We should here's 200 [51:02] You think we should here's 200 more you think we should put it on wax so you can [51:08] You don't have a physical copy of this since it's it's knowledge. That's for the ages [51:13] We should do it like that [51:15] Let's just print one copy [51:17] And sell it for a billion dollars. Yeah, we'll submit it [51:22] Uh, or we'll trade it for a 1792 penny. Okay. Yeah [51:28] Hey, I will take I will take this for a 1792 penny. Yeah, um [51:35] I think we're worth that [51:38] We are worth what the market will pay for us. It's true [51:42] Which at this point is zero [51:44] No, it's it's about 40 dollars. Yeah [51:48] It's not accurate [51:49] Yeah [51:52] You're saying that i'm worth more than a penny. I mean not a 1792 penny, but a modern day penny i'm worth more than a nickel [52:00] Sure [52:02] You're already starting to be concerned [52:05] I was going to try to give you up to 25 dollars and you were like now i'm already concerned at a nickel. So [52:11] I'm gonna say that i'm as good as a dime [52:13] Cut your losses there walk away. That's right. I'm gonna say i'm i'm gonna walk away because i'm worth a dime a month [52:19] I will say [52:20] You're worth more you're worth at least the uh, uh, the face [52:25] The face value of the dime and and not the production cost of like three cents [52:31] Fair so very good to go [52:34] Yeah, that's very generous. Yeah, you're good to go [52:38] You're a benevolent host. I'm more benevolent than the senator's [52:44] What what's the name what's the name of the sitar? [52:47] What's the guitar right sitar the sitar? [52:51] See, I didn't learn anything even in this show [52:55] I'll just listen to it again. It'll be fine [52:57] All right [52:59] Turn up lots [53:02] Happy birthday, happy birthday. All right. I guess we stop it now. Yeah sure