19 Curiosities of Dollar that maybe you didn't know
What is behind a name?
The nickname "green" arose as the promissory notes with no interest issued by the United States in 1861 to finance the Civil War, they originally had their obverse green.
- Enduring value. All forms of paper money issued by the US government since 1861 are considered legal tender and can continue to be used at their full face value. The US government has never devalued its currency.
- The return of color? Before the new redesigned $ 20 bills were introduced in 2003, the last background-colored U.S. bills were the $ 20 Gold Certificates, Series of 1905, which had a gold tint.
- With the grace of a feminine face. Martha Washington is the only woman whose portrait appeared on US banknotes.It appeared on the $ 1 Silver Certificates, Series of 1886, 1891, and 1896.
- The highest value bill. The highest value bill printed by the Bureau of Engraving and Printing was the $ 100,000 Gold Certificate, 1934 Series. These bills were not in circulation to the general public; they were only issued for transactions between Federal Reserve banks and the US Treasury.
- "In God We Trust". This inscription first appeared on 1864 US coins. Almost a century later, Congress made it official as a national motto and is now required by law that both US coins and banknotes do so. have it printed. Over the years, the motto has been the subject of objection many times in court; However, it has been continuously upheld by various courts, including the US Supreme Court in 1977.
- Responsibility starts here. Since February 1862, the Secretary of the Treasury has been responsible for the designs that appear on paper money, including portraits. Secretary John W. Snow approved the new design of the $ 10 bill that began issuing on March 2, 2006.
- Posthumous portraits only. Since 1866, US law has prohibited portraits of living people from being printed on banknotes.
- Staying power. Since 1929, they appear in bills from the USA USA portraits of the same historical figures.
- Recycled paper money. Some of the bills withdrawn from circulation by the Federal Reserve System end up as recycled paper for correspondence.
- The 10th District. The Federal Reserve Bank of Kansas City is the 10th District of the Federal Reserve System. Ironically, it is located at the corner of 10th Street and Grand Boulevard in Kansas City, Missouri. The major cities in the XNUMXth District are Kansas City, Denver, Oklahoma City, and Omaha.
- Pain in the hand from so much writing! When the US government launched the first and largest banknote issue in 1861, each of the demand notes was hand-signed by representatives of the Register of the Treasury and by the Treasurer. This impractical decision led to new laws that allowed the signatures of the representative of the Treasury Registry and the Treasurer to be engraved and printed on the banknotes. This measure came into effect with the issuance of the first series of United States banknotes in 1862.
- The "1" is NOT the loneliest number. More $ 1 bills are printed than any other denomination ($ 1 bills make up about 45 percent of all bills printed).
- Giant-sized "money belt". The nearly 8 billion US bills printed each year would be enough to wrap the earth with the Equator line more than 30 times.
- Millions of a mile high. A stack of 1 mile high bills would contain more than 14 million bills.
- Different strokes for different people. The most used denominations in the US are the $ 1 and $ 20; and internationally, the $ 100 bill.
- Each bill weighs ... The approximate weight of a banknote, regardless of the denomination, is 1 gram. A pound is 454 grams, therefore, a pound of bills would contain 454 bills.
- Red white and blue. Neutral-colored US notes are made from 25 percent linen and 75 percent cotton. Red and blue synthetic fibers of different lengths are evenly distributed throughout the paper.
- Super tough! A US bill would have to be folded 4.000 times before it breaks.
- History from Hamilton. The portrait of Alexander Hamilton first appeared on US banknotes in 1861, on $ 5 spot notes.