USD 1 Dollar Note Facts and Information

The humble $1 bill - it's a staple in our wallets and a common sight in everyday transactions. The $1 note has been in circulation since 1862, with the first series featuring Salmon P. Chase, the Secretary of the Treasury at the time.

The $1 bill has undergone many design changes over the years, with the most notable being the switch to a new security thread in 1990. This thread is woven into the paper to prevent counterfeiting.

One of the most interesting facts about the $1 note is that it's the most widely counterfeited currency in the world. Despite this, the U.S. government has implemented various security measures to prevent this from happening.

The $1 bill is also one of the most widely used denominations in the United States, with over 12 billion notes in circulation as of 2020.

The history of the $1 Silver Certificate is an interesting one. The final production of $1 Silver Certificates occurred in late 1963.

The redemption of Silver Certificates for silver coin ended in 1964, marking a significant shift in their value and purpose. The redemption of Silver Certificates for silver bullion ended in 1968.

Here are some key features of the $1 Silver Certificate:

The history of Silver Certificates is a fascinating story that spans several decades. The final production of $1 Silver Certificates occurred in late 1963.

In 1964, the redemption of Silver Certificates for silver coin ended, marking a significant shift in the way these certificates were used. This change had a major impact on the economy and the way people thought about money.

The redemption of Silver Certificates for silver bullion ended in 1968, bringing an end to an era of silver-backed currency.

The United States dollar is a fascinating currency with a rich history. It's been in circulation since 1963, and its design has remained relatively consistent over the years.

The dollar is issued by the United States Department of the Treasury, which is responsible for its production and distribution. This ensures that the currency is of high quality and meets the necessary standards.

Here are some key features of the standard circulation banknotes:

Each banknote has a unique composition, made from 75% cotton and 25% linen. This blend of materials gives the currency its distinctive texture and durability. The rectangular shape and intaglio technique used in its production also contribute to its unique characteristics.

The one-dollar bill has a rich history, and its design has undergone significant changes over the years. The reverse of the current $1 bill features an ornate design that incorporates both sides of the Great Seal of the United States.

The Great Seal, originally designed in 1782 and added to the dollar bill's design in 1935, is surrounded by an elaborate floral design. This design has been used since the 1880s.

The Great Seal on the left features a barren landscape dominated by an unfinished pyramid of 13 steps, topped by the Eye of Providence within a triangle. At the base of the pyramid are engraved the Roman numerals MDCCLXXVI (1776), the year of American independence from Britain.

The obverse of the seal on the right features a bald eagle, the national bird and symbol of the United States. Above the eagle is a radiant cluster of 13 stars arranged in a six-pointed star.

Interestingly, both the phrases "E Pluribus Unum" and "Annuit coeptis" contain 13 letters. The eagle holds a ribbon in its beak reading "E PLURIBUS UNUM", a Latin phrase meaning "Out of many [states], one [nation]".

Here is a list of notable facts about the previous design of the $1 bill:

The one-dollar bill has been a staple in American currency for a long time, but there have been efforts to redesign or replace it with a dollar coin. In fact, a House subcommittee met in 2012 to consider replacing the dollar bill, after the seventh Government Accountability Office report on the subject.

The potential cost savings of switching to dollar coins was estimated to be $4.4 billion over thirty years. However, this idea didn't gain much traction, and few Americans wanted to give up their beloved dollar bills.

The redesign of the $1 bill has been stalled due to concerns about the potential impact on the vending machine industry. Recent budgets passed by Congress have included provisions to prevent the Treasury Department from spending funds to redesign the $1 bill.

The small size of the one-dollar bill, introduced in 1862, features a portrait of George Washington at center, facing right. George Washington has been the central figure on the one-dollar bill since the 1869 design.

The Federal Reserve District seal is located to the left of George Washington, with the name of the Federal Reserve Bank that issued the note encircling a capital letter (A–L). This seal was found on all denominations of Federal Reserve notes until the redesign of higher denominations in 1996.

The Treasury Department seal is to the right of George Washington, featuring scales representing justice, a chevron with thirteen stars representing the original thirteen colonies, and a key below the chevron representing authority and trust. The series 1969 dollar bills were the first to use a simplified Treasury seal with English wording instead of Latin.

Below the Federal Reserve seal is the signature of the Treasurer of the United States, while below the Treasury Department seal is the Secretary of the Treasury's signature. A new series date or change in the Secretary of the Treasury, Treasurer of the United States, or note appearance results in a change to these signatures.

Here are the sequential numbers that identify the Federal Reserve Bank that issued the note:

Olive branches entwined around the 1s are on the edges of the bill, with a small plate serial number-letter combination on the lower right and a small plate position (check) letter on the upper left corner.

The idea of redesigning or replacing the $1 bill has been a topic of discussion for a while now. Organizations like Save the Greenback aim to prevent the elimination of the one-dollar bill in favor of the dollar coin.

The U.S. Government has made repeated efforts to promote the use of dollar coins, but they haven't gained much traction. Despite this, a House subcommittee did meet in 2012 to consider replacing the dollar bill.

The Government Accountability Office has issued seven reports on the subject, with the latest one claiming that switching to dollar coins would save $4.4 billion over thirty years. However, polls suggest that few Americans are interested in giving up their dollar bills.

Recent budgets have included provisions to prevent the Treasury Department from spending funds to redesign the $1 bill due to concerns about the potential cost impact on the vending machine industry.

Green seal dollars are of little collector value, except for significant errors and series 1988A web notes printed in small batches for some Federal Reserve districts.

The 1963 dollar bill produced for the Eleventh Federal Reserve District, headquartered in Dallas, has generated public interest due to its unique characteristics.

Some collectors thought that the 1963B dollar bill, signed by Secretary of the Treasury Joseph W. Barr for only 31 days, might be valuable due to his brief tenure.

However, 458,880,000 of these notes were printed, making them very common.

Dollar bills with interesting serial numbers can be collected, such as radar or "palindrome" notes where the numbers are the same when read from left to right or right to left.

A good example of this is a long block of the same or repeating digits.

Replacement notes, designated by a star to the right of the serial number, may have some additional value depending on their condition and year series.

There are rumors that series 2021 notes will be the last year with star notes due to an update in the printing process technology.