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The United States one-dollar bill is a staple of American currency, but how much do you really know about it? The Great Seal of the United States, which appears on the back of the bill, features 13 alternating stripes of red and white, representing the original 13 colonies.
The obverse, or front side, of the bill features a portrait of George Washington, the first President of the United States. His likeness has been a constant on the $1 bill since 1963.
The Design of the $1 Bill
The $1 bill features a portrait of George Washington, the first President of the United States.
The vignettes on the bill, including the Great Seal of the United States, are a nod to the country's rich history and symbolism.
The vignettes on the bill, including the Great Seal of the United States, are a nod to the country's rich history and symbolism.
The $1 bill's design has undergone several changes since its introduction in 1862, with the most recent redesign occurring in 1963.
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The vignettes on the bill, including the Great Seal of the United States, are a nod to the country's rich history and symbolism.
The $1 bill's Security Thread is a 3D Security Ribbon that glows pink when held under ultraviolet light.
The $1 bill's Security Thread is a 1.8 x 0.25 inches (45.72 x 6.35 mm) long strip of polymer embedded in the paper.
The $1 bill's color-shifting numeral "1" in the lower right corner is another security feature that helps prevent counterfeiting.
The $1 bill's color-shifting numeral "1" in the lower right corner is another security feature that helps prevent counterfeiting.
The $1 bill's Security Thread is woven into the paper to make it difficult to remove or replicate.
The $1 bill's Security Thread is woven into the paper to make it difficult to remove or replicate.
The $1 bill's watermarks are also woven into the paper to provide additional security features.
The $1 bill's watermarks are also woven into the paper to provide additional security features.
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The History of the $1 Bill
The $1 bill has a rich history that spans over a century. The first $1 bill was introduced in 1861 as a non-interest-bearing Demand Note, earning the nickname "greenback" due to its color.
In 1862, the Demand Notes incorporated fine-line engraving and intricate geometric lathe work patterns to aid in counterfeit deterrence, a feature that continues to this day.
The Bureau of Engraving and Printing began engraving and printing the faces and seals of U.S. banknotes, including the $1 bill, in the mid-19th century.
In 1929, the appearance of the $1 bill changed significantly when Federal Reserve notes were made about 30 percent smaller and standardized designs were instituted for each denomination.
The motto "In God We Trust" first appeared on the $1 bill in 1963, as required by a 1955 law.
United States notes, including the $1 bill, were discontinued in 1971, and no new notes were placed into circulation.
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The $1 Bill
The $1 bill has a rich history, and George Washington is the first president to have his face on it. He's been a part of the bill since 1869, replacing Secretary of the Treasury Salmon P. Chase.
The $1 bill has a long lifespan, estimated to be around 5.8 years in circulation. This means it's been a reliable and trustworthy form of currency for many years.
The design of the $1 bill goes through four critical steps before it enters circulation: design, order, production, and issuance. This process ensures that each bill is unique and secure.
Here's a breakdown of the key components on the front of the $1 bill:
- Federal Reserve District Seal: a one- or two-digit number that indicates which Federal Reserve Bank printed the bill
- Note position letter and number: a combination of one letter and one number that denotes the position on the plate the bill was printed
- Note position and plate serial number: identifies the actual engraving plate and its position on that plate
- Serial number: a unique combination of 11 numbers and letters that appears twice on the front of the note
- Bill series: a year that identifies the design of the bill, not when it was printed
- U.S. Treasury Seal: a design that has remained relatively unchanged since 1789, featuring balance scales, a key, and a chevron with 13 stars
Dollar Front
The $1 bill has a lot going on the front, let's break it down. George Washington's portrait is the centerpiece, and it's been there since 1869.
The Federal Reserve District Seal is a one- or two-digit number that appears in the corner of the bill. It indicates which Federal Reserve Bank printed the bill, with a No. 2 meaning it was printed in New York.
The note position letter and number is a combination of one letter and one number, and it denotes what position on the plate the bill was printed. On this bill, it's B3.
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The note position and plate serial number is a unique identifier for the engraving plate and its position on that plate. It appears on both the front and back of the bill.
Every dollar has a different serial number, which appears twice on the front of the note. The first letter of the serial number must match the letter in the Federal Reserve District Seal to ensure authenticity.
The bill series is a year that identifies when the design of the bill was implemented, not when it was printed. On this bill, it's 2009.
The U.S. Treasury Seal has remained relatively unchanged since 1789, featuring balance scales, a key, and a chevron with 13 stars. It's a symbol of the Treasury Department's history and authority.
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Note Life Cycle
The $1 bill has a fascinating life cycle before it reaches your wallet. It starts with design, where the iconic image is created.
In 2018, the Federal Reserve printed 2.17 billion $1 notes as part of their annual print order. This is a massive undertaking that requires precision and planning.
These notes are then produced, with the estimated lifespan of a $1 bill being 5.8 years. That's a relatively short time considering how often we use them.
The value of $1 bills in circulation is substantial, with $12.1 billion worth of them floating around in 2017.
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The $1 Bill's Appearance
The $1 bill is a distinctive green-colored note featuring a portrait of George Washington, the first President of the United States.
The obverse, or front side, of the $1 bill features a large portrait of George Washington, who served as the first President of the United States from 1789 to 1797.
The reverse, or back side, of the $1 bill features a vignette of the Great Seal of the United States, which is a symbol of the country's history and values.
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Paper
The paper used for $1 Federal Reserve notes is a unique blend of materials. It's made with one-fourth linen and three-fourths cotton.
The paper contains special security fibers that can be seen when held up to the light. These fibers are red and blue.
A black seal on the left side of the portrait is a distinctive feature of the paper. This seal bears the name and corresponding letter of the distributing Federal Reserve Bank.
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A green seal on the right side of the portrait represents the U.S. Department of the Treasury. This seal has undergone a design change to include an English inscription, and it appears on all Federal Reserve notes from the 1969 series year or later.
Here are some key details about the seals:
- Black seal: Name and corresponding letter of the distributing Federal Reserve Bank
- Green seal: U.S. Department of the Treasury (design changed in 1969 to include English inscription)
The Dollar's Reverse
The symbols on the flip side of the dollar hold a lot of meaning, including the plate serial number and The Great Seal of the U.S.
The plate serial number identifies the actual engraving plate this side of the note was printed on, which is 56 in this case.
The Great Seal of the U.S. dates back to the country's Founding Fathers, who formed a committee to design a seal that would be symbolic of the new country's ideals.
The seal's design is credited to Charles Thomson, a leading merchant in Philadelphia and secretary of the Continental Congress at the time.
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The reverse of the seal features an unfinished pyramid, which is made of 13 rows of building blocks, with the Roman numerals representing 1776 on the first row.
The eye and rays at the top of the pyramid radiate outward, and the inscription "Annuit Coeptis" (Latin for "Providence Has Favored Our Undertakings") is written above the pyramid.
The motto "Novus Ordo Seclorum" (Latin for "A New Order of the Ages") is written below the pyramid, as a way to honor the country's beginnings from that date.
Frequently Asked Questions
Is there a new $1 bill?
There has been no new design for the $1 bill since 1963. The current $1 bill, featuring President George Washington and the Great Seal, remains unchanged.
How much is a 1957 $1 bill worth?
A 1957 $1 bill is generally worth its face value, unless it's in excellent condition. However, heavily worn or damaged bills may be worth less.
Which $1 bills are valuable?
Valuable $1 bills include the 1890 $1 Treasury Note, 1899 $1 Silver Certificate, and 1896 $1 Silver Certificates, which can be worth up to $2,000 or more. These rare and historic notes are highly sought after by collectors
Is my $1 dollar bill worth anything?
To determine if your $1 bill is worth more than its face value, check the serial number for unique characteristics like low numbers, repeating patterns, or special marks. If you find any of these, it might be worth investigating further to see if it's a rare or collectible bill.
How many $1 dollar bills are left?
As of December 31, 2019, there were approximately 12.7 billion one-dollar bills in circulation worldwide. However, the actual number may have changed since then due to various factors such as new bills being printed and old ones being removed from circulation.
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