Money clip
Encyclopedia
A money clip is a device typically used to store cash
and credit card
s in a very compact fashion for those who do not wish to carry a wallet
.
A metal money clip is generally a solid piece of metal folded into half, such that the bills and credit cards are securely wedged in between the two pieces of metal. Metal money clips are typically made out of stainless steel
, silver
, gold
, titanium
, or platinum
. They are typically sold as luxury items. The chief disadvantage of a metal money clip is that, due to the inflexibility of the metal, it cannot typically hold large amounts of cash. Depending on the design, it may also be difficult to push the bills into the clip.
money clips are starting to see market acceptance. Using advanced moulding techniques, the high strength and durability of carbon fiber make for ideal qualities. The carbon fiber allows the clamping surfaces to open beyond parallel, without the deformation of normal metal money clips. Also, being non-metallic they are ‘scanner proof’ which allows the user to pass through metal detectors without having to remove cash and credit cards.
s encased in leather
, with a small piece of leather separating the two pieces and allowing them to swivel into a closed and open position. There are also clips made of three magnets and two pieces of leather. A magnetic money clip typically has a greater carrying capacity than a metal money clip and the strongest clips are able to hold up to 15 bills folded in half. Magnetic money clips are not recommended for holding credit cards as the magnets may distort or erase the magnetic strip.
Cash
In common language cash refers to money in the physical form of currency, such as banknotes and coins.In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately...
and credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
s in a very compact fashion for those who do not wish to carry a wallet
Wallet
A wallet, or billfold, is a small, flat case that is used to carry personal items such as cash, credit cards, identification documents , photographs, business cards and other paper or laminated cards...
.
Metal
Stainless steel
In metallurgy, stainless steel, also known as inox steel or inox from French "inoxydable", is defined as a steel alloy with a minimum of 10.5 or 11% chromium content by mass....
, silver
Silver
Silver is a metallic chemical element with the chemical symbol Ag and atomic number 47. A soft, white, lustrous transition metal, it has the highest electrical conductivity of any element and the highest thermal conductivity of any metal...
, gold
Gold
Gold is a chemical element with the symbol Au and an atomic number of 79. Gold is a dense, soft, shiny, malleable and ductile metal. Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a...
, titanium
Titanium
Titanium is a chemical element with the symbol Ti and atomic number 22. It has a low density and is a strong, lustrous, corrosion-resistant transition metal with a silver color....
, or platinum
Platinum
Platinum is a chemical element with the chemical symbol Pt and an atomic number of 78. Its name is derived from the Spanish term platina del Pinto, which is literally translated into "little silver of the Pinto River." It is a dense, malleable, ductile, precious, gray-white transition metal...
. They are typically sold as luxury items. The chief disadvantage of a metal money clip is that, due to the inflexibility of the metal, it cannot typically hold large amounts of cash. Depending on the design, it may also be difficult to push the bills into the clip.
Carbon fiber
Although rare, carbon fiberCarbon fiber
Carbon fiber, alternatively graphite fiber, carbon graphite or CF, is a material consisting of fibers about 5–10 μm in diameter and composed mostly of carbon atoms. The carbon atoms are bonded together in crystals that are more or less aligned parallel to the long axis of the fiber...
money clips are starting to see market acceptance. Using advanced moulding techniques, the high strength and durability of carbon fiber make for ideal qualities. The carbon fiber allows the clamping surfaces to open beyond parallel, without the deformation of normal metal money clips. Also, being non-metallic they are ‘scanner proof’ which allows the user to pass through metal detectors without having to remove cash and credit cards.
Magnetic
The magnetic money clip is generally made of two strong flat rectangular or round magnetMagnet
A magnet is a material or object that produces a magnetic field. This magnetic field is invisible but is responsible for the most notable property of a magnet: a force that pulls on other ferromagnetic materials, such as iron, and attracts or repels other magnets.A permanent magnet is an object...
s encased in leather
Leather
Leather is a durable and flexible material created via the tanning of putrescible animal rawhide and skin, primarily cattlehide. It can be produced through different manufacturing processes, ranging from cottage industry to heavy industry.-Forms:...
, with a small piece of leather separating the two pieces and allowing them to swivel into a closed and open position. There are also clips made of three magnets and two pieces of leather. A magnetic money clip typically has a greater carrying capacity than a metal money clip and the strongest clips are able to hold up to 15 bills folded in half. Magnetic money clips are not recommended for holding credit cards as the magnets may distort or erase the magnetic strip.