SC sells money, makes a profit

REAL NEWS from the Associated Press:

COLUMBIA, S.C. (AP) — South Carolina is selling money to make money.

State officials have quietly picked through boxes of Civil War state currency and auctioned it on eBay, providing the state archives with an influx of cash amid tight budgets.

“These are very bad times. This helps us a great deal. We can pay for things we could never afford otherwise,” said Charles Lesser, a senior archivist at the South Carolina Department of Archives and History.

About 40 boxes of the currency were supposed to be destroyed more than a century ago, but some of the bills were tucked away in the Statehouse basement and eventually moved to the state archives. They sat there largely undisturbed for four decades and only recently did officials realize they could sell the cash.

The archives have made about $200,000 selling hundreds of the bills over the past couple of years. Most of that money was made in an auction of uncut sheets of the currency last year, but every week or so, South Carolina puts a couple of loose bills up for sale online. The old money is a little wider, whiter and lighter than today’s paper money.

read the rest from the Associated Press

Tagged with: , ,
Posted in News of the Actual

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

The editorial content of this site is satire and parody. Real news is clearly marked. Lighten up.