Archive for November, 2008

More On The United States $1 Bill

Wednesday, November 26th, 2008

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Like the rest of the United States currencies, the one dollar bill is composed of 25 percent linen and 75 dollar billspercent cotton, with red and blue synthetic fibers distributed throughout the paper. The notes weigh one gram each and are 2.61 inches in width and 6.14 inches in length, with a thickness of .0043 inches. The United States one dollar bill is worth one hundred United States cents.

The United States government spends 4.2 cents to produce a single dollar bill and dollar bills are printed by the Bureau of Engraving and Printing, also known as the BEP. The Bureau of Engraving and Printing produces well over than sixteen and a half million one dollar bills every day, and most of these notes are used to replace older and worn out dollar bills which are no longer deemed fit for circulation. The average dollar bill has a life span of about eighteen to twenty-two months, depending on frequency of usage, and wear and tear. The United States Treasury estimates that there are billions and billions of one dollar bills which are circulating the globe to date.

The first one dollar bill was issued as a Legal Tender Note back in the year 1862. These early one dollar bills featured the portrait of Salmon P. Chase, who was the Secretary of the Treasury under President Abraham Lincoln. Only until the year 1869, was the portrait of George Washington used on the one dollar bill, and this remains the case until today. A vignette of Christopher Columbus sighting land was also featured to the left of the note during this time.

In 1886, the picture of Martha Washington, who was also the original first lady and wife of George Washington, was featured on the one dollar silver certificate, making her the first women ever to appear on any United States currency. Presidents Abraham Lincoln and Ulysses S Grant are also amongst the few to have been featured on the United States one dollar bill, although this depictions dates to 1899. The designs on the one dollar united states note and silver certificates were more streamlined and standardized beginning 1923, with minor exceptions such as color and ink.

In the year 1929, all United States currency changed to the standard and current size we now see, although various designs and depictions continued to be featured throughout the years after. In the 1957, the one dollar bill became the first piece of United States currency to bear the legendary motto ‘In God We Trust’. The current design of the one dollar bill was finalized in 1969 and has remained the same ever since, and no plans to redesign the one dollar bill has been proposed to date, even though higher denominations from five dollars onward have been redesigned to curb counterfeiting.

The United States one dollar bill is also the most experimented and tested bill in the nation’s history. In 1933, a test was conducted to determine the different ratios of cotton and linen used in the paper of dollar bills. Another well-known test was done in 1942 during World War Two to test alternative types of paper that paper currency can be issued in. This was a precautionary measure in case the current type of paper supply ran out. In 1992, the one dollar bill was again put under the microscope when the Bureau of Engraving and Printing began testing a web-fed press, to facilitate the production and issuance of more dollar bills.

Designs On The $1 Bill

Wednesday, November 26th, 2008

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It is said that 45 percent of all United States currency produced today consists of the one dollar bill, whichone dollar bill would make it the most seen and used of all denomination of US currency. The one dollar bill also brags having the second oldest design of all US paper money, largely because of its obverse design which was adapted in 1963, which is also the year that the one dollar bill was inducted into the Federal Reserve Note status.

The visual rendering of George Washington, the first President of the United States is fittingly featured on the obverse side of the one dollar bill, and has been so since 1869. The Federal Reserve District Seal is placed to the left of George Washington as well as the name of the Federal Reserve Banks that issued the note.

To the left of George Washington is the Federal Reserve District Seal. The name of the Federal Reserve Bank that issued the note surrounds a capital letter between A and L, to identify which of the twelve Federal Reserve Banks it was issued from. The sequential numbers of the these banks are also displayed over the open spaces on the four corners of the dollar bill. The Treasury Department Seal is placed to the right of George Washington and the balancing stars represents justice for all. The chevron of stars signifies the original colonies and the key below it stands for authority and trust. The year 1789 printed on the seal represents the year the Department of Treasury was established.

Below the Federal Reserve District seal, and to the left of George Washington, is the signature of the Treasurer of the United States. This will vary from time to time depending on the terms being served by the official, and the Secretary of the treasury’s signature is placed on the right side of the seal. The series and the year that the dollar bill was printed will be shown to the left of this Secretary’s signature and the number one (1) on the edges of the bill is entwined with olive branches.

The reverse side of the one dollar bill has a design infusing the Great Seal of the United States and various other symbols which purposes have been debated by historians and controversy enthusiasts alike. An unfinished pyramid is placed to the left of this seal and the separated top of the pyramid portrays the all-seeing eye. The shadow cast by the pyramid from the rising sun is said to symbolize the undiscovered lands to the west of the nation and the rising sun is said to symbolize the beginning of a new and powerful country. The Latin phrase Annuit Cœptis which means that God has favored the undertakings of the nation is also located above the pyramid.

Novus Ordo Seclorum which translates to ‘a new order of the ages’ is written on a ribbon below the pyramid and this phrase is said to be taken from the fourth Ecologue of Virgil. Also shown on the base of the pyramid is the roman numerals MDCCLXXVI or 1776, which is the year that the signing of the United States Declaration of Independence took place.

To the right of the reverse side of the note is a picture of the obverse side of the Great Seal which depicts a heraldic Bald Eagle and on the front of this eagle is a shield, said to signify the country’s fledgling ability to stand on its own. A glory of stars is also illustrated on the top of the eagle’s head and clutched between its beak is a ribbon that reads “E PLURIBUS UNUM” which translates to, ‘From many, one’. To symbolize the yearning for peace, but the readiness to fight, the eagle is also depicted holding an olive branch in its right claw with arrows in its left.

The Presidents on United States Currency

Wednesday, November 26th, 2008

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The decision as to which United States President graces the designs on the dollar bill is determined by thedollar tree United States Congress. United States Presidents have appeared on official banknotes, coins for circulation and commemorative coins in the United States as well as all around the world. Even throughout phases of redesigns, although there were significant changes in fabrication, the presidents which are depicted on the currency remained the same.

Currently, images of presidents that are struck on United States coins are Abraham Lincoln who was the 16th U.S. President for the penny, Thomas Jefferson who was the 3rd U.S. President for the Nickel, Franklin D Roosevelt who was the 32nd U.S. President for the Dime, George Washington who was the 1st U.S. President for the Quarter, John F Kennedy who was the 35th U.S. President for the Half Dollar, and Dwight D Eisenhower for the one dollar coin, although one dollar coins depicting President Eisenhower was ceased in 1978. Susan B Anthony and Sacagawea, both significant historical figures, currently grace United States one dollar coins.

The names of the presidents depicted on the United States paper currency are George Washington who was the 1st U.S. President for the one dollar bill, Thomas Jefferson who was the 3rd U.S. President for the two dollar bill, Abraham Lincoln who was the 16th U.S. President for the five dollar bill, Andrew Jackson who was the 7th U.S. President for the twenty dollar bill, Ulysses S Grant who was the 18th U.S. President for the fifty dollar bill, and Benjamin Franklin on the one hundred dollar bill. Note that Benjamin Franklin was not a President of the United States, although he was a very prominent figure in its history.

Other presidents that were featured are William McKinley who was the 25th U.S. President on the five hundred dollar bill, Grover Cleveland who was the 22nd and 24th U.S. President on the one thousand dollar bill, James Madison who was the 4th U.S. President on the five thousand dollar bill, and Woodrow Wilson who was the 25th U.S. President on the one hundred thousand dollar bill. Salmon P Chase, depicted on the ten thousand dollar bill, was a former Secretary of the Treasury and was the only non-president that was depicted in the larger denominations of the United States currency. All of these notes, however, are now considered obsolete and are no longer in circulation.

Recently, the Presidential Dollar Coin Program was passed by congress and former presidents will be honored if their death is two or more years before the intended issue date of these coins. Presidents that will grace these coins to date, in sequential order, are George Washington, John Adams, Thomas Jefferson, James Madison, James Monroe, John Quincy Adams, Andrew Jackson, Martin Van Buren, William Henry Harrison, John Tyler, James K. Polk, Zachary Taylor, Millard Fillmore, Franklin Pierce, James Buchanan, Abraham Lincoln, Andrew Johnson, Ulysses S. Grant, Rutherford B. Hayes, James A. Garfield, Chester A. Arthur, Grover Cleveland, Benjamin Harrison, Grover Cleveland, William McKinley, Theodore Roosevelt, William Howard Taft, Woodrow Wilson, Warren G. Harding, Calvin Coolidge, Herbert Hoover, Franklin D. Roosevelt, Harry S. Truman, Dwight D. Eisenhower, John F. Kennedy, Lyndon B. Johnson, Richard Nixon, Gerald Ford,  and Ronald Reagan. Presidents Jimmy Carter, George H. W. Bush, Bill Clinton, George W. Bush may be depicted as well if they meet the requirement above.

The Canadian Dollar

Wednesday, November 26th, 2008

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The Canadian Dollar, like its name suggests, is the major currency of Canada. To tell it apart from other the canadian dollardollar denominated currencies around the world, the Canadian dollar adopted the letter ‘C’ in front of its dollar ($) sign. Currently, the Canadian Dollar is amongst the top-ten most traded currency in the world.

Dating back to 1858, the first Canadian coins which was struck in 1 cent, 5 cent, 10 cent, and 20 cent denominations, were issued by the Province of Canada. Other coin denominations like 50 cents, 1 dollar, 2 dollars, 5 dollars, and 10 dollars were issued much later to meet the public demand. Canadian Coins are minted and produced by the Royal Canadian Mint. The facility is located  in Winnipeg, Manitoba, and currently issues coins in denominations of 1 cent, 5 cent, 10 cent, 20 cent, 50 cent, 1 dollar, and 2 dollars. These coins are also called, in respective order, a penny, a nickel, a dime, a quarter, 50¢ piece, a loony, and a toonie.

The designs on the reverse and obverse side of these coins also usually revolves around Canadian symbols, like wildlife and the effigy of Queen Elizabeth the Second, although some pennies and dimes of the yesteryears, which are still in circulation, carries the image of King George the Sixth.

Issued between 1813 and 1815, largely due to the War of 1812 where it was used during the emergency, the first form of paper money issued in Canada were the British Army Bills. These were denominated between 1 and 400 dollars. The first banknotes, however, were issued in 1817 by the Bank of Montreal. Other chartered banks around the country also followed suit thereafter and began issuing these notes for several decades to come. Prior to the year 1858, many notes were issued in currencies like shillings, pounds and dollars, resulting in varied denominations such as 1 dollar, 2 dollars, 3 dollars, 4 dollars, 5 dollars, 10 dollars, 20 dollars, 25 dollars, 40 dollars, 50 dollars, 100 dollars, 500 dollars, and 1000 dollars. This ceased after 1858 though, and only dollar denominations were used from then on.

the canadian dollar2The Province of Canada began issuing paper money beginning 1841, and these notes were produced for the government by the Bank of Montreal between 1842 and 1862. The notes were issued in denominations of 4 dollars, 5 dollars, 10 dollars, 20 dollars, 50 dollars, and 100 dollars. The Province of Canada began officially issuing its own paper money in 1866, and these came in denominations of 1 dollar, 2 dollars, 5 dollars, 10 dollars, 20 dollars, 50 dollars, 100 dollars, and 500 dollars. After the year 1896, denominations of 500 dollars, 1000 dollars, 5000 dollars, and 50,000 dollars were issued and used for bank transactions only.

In 1935, the Bank of Canada was founded and began issuing notes in denominations of 1 dollar, 2 dollars, 5 dollars, 10 dollars, 20 dollars, 50 dollars, 100 dollars, and 500 dollars, and 1000 dollars, officially ceasing the currency issuing operation of the chartered banks in 1944. As part of the fight against money laundering and organized crime, in the year 2000, the Bank of Canada stopped issuing 1000 dollar notes and began withdrawing them from general circulation.

To date, Canadian dollar banknotes issued by the Bank of Canada remains of legal tender in Canada. Just as American Dollars are accepted by many Canadian merchants and businesses in cities which are near the American/Canadian border, the Canadian Dollars are also accepted by some businesses in the northernmost cities of the United States.

The History Of Paper Money

Sunday, November 16th, 2008

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It is well known that paper currency or paper money was first created by the Chinese,who also incidentallyworld paper currency invented paper around 100 AD. The development of paper money in its earliest form can be traced right back to the 7th century. In the year 812, as a temporary solution to massive copper shortages, a Chinese Emperor started issuing paper money as a form of currency to aid trade, and this caught on so well that by the year 970 it was considered as a dominating type of currency in ancient China.

Stag skins, bark, or parchments marked with the imperial seal as “bills of payment” were used as a form of paper money during this time in history, and the penalty for those caught counterfeiting was death.

Before Marco Polo came back from his many voyages to China, dated between 1275 to 1292, the people of Europe initially doubted that the Chinese effectively used paper for as a form of currency, and paper money only began circulating in Europe 300 years later. However, the use of paper money ceased in China in the year 1455.

Paper currency had a lot of problems in gaining acceptance in Europe, although leather money was temporarily used around the year 1100, as a substitute to silver when the precious metal started becoming scarce. The history of paper currency in Europe started as emergency money substituting regular money such as coins. The first emergency paper bills are dated back to the year 1483 and the first bank notes were printed in the 17th century.

In 1161, a Swedish bank starting issuing paper currency but the money quickly lost its value when the bank started flooding the market with it. These first bank notes carried a guarantee that it could be traded at any time for coinage. Interestingly the name of this bank note was ‘cash’, a term that we still use today to describe paper money. The oldest existing bank note in the world is the 1000 ‘cash’ note of the Ming dynasty.

euro paper moneyThe usage of paper currency only caught on in Europe in the early 1700’s, when the French Government officially began issuing paper currency. The idea came from the paper receipts goldsmiths often gave their customer as a proof of payment and these receipts can be exchanged for gold as and when needed. This act was a milestone and was so significant that money was seen as a representation of valued commodity, as its exchangeable for silver and gold anywhere. A piece of paper currency is as good as a guarantee by the issuing institution, either the government or the bank, that would ensure the holder of the bill receive a predetermined amount of silver or gold from its reserves when it is produced. This is where the system in which money was backed by gold originated from, with the exception of times of war or national emergencies when paper money was supported by actual supplies of precious metal. This practice, however, ended in 1971.

Today, paper currency can be exchanged for almost any form of goods or services, in its value in return. This monetary system has proven so effective for so long that it may take a very long time before the currently emerging electronic money, as we know it today, will be commonly used as an alternative currency to paper money.

The American Silver Dollar

Saturday, November 15th, 2008

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The real inspiration for the United States silver dollar probably came from a Spanish coin. This Spanish coin was made out of silver, a very rare commodity at that time and the coin consist nearly an ounce of it. This gave rise to the name Spanish dollar by the American colonists, which further charioted fame to the silver coin.

First minted in the year 1794, the United States silver dollar was proposed by and voted in by the United States congress to be used as the main form of United States currency. The United States silver dollar was american silver dollaralso duly used along side the Spanish dollar well after the American Revolutionary War ended. The United States Mint continued producing these silver dollars up to the year 1803, but the minting of the silver dollar was ceased for almost 30 years due to the shortage of the precious metal. Then in 1836, during the period of the Old American West, the silver dollar made its comeback into the American currency system and began gaining a reputation as one of the most preferred currency of that time .

The reason why the populace of the Old American West favored the silver dollar to paper currency bills is because they felt that due to the value of the precious metal at that time, the coins proved to be more valuable simply because it was made of silver, which was a very rare and expensive commodity. Because of this, the silver dollar remained amongst the major and most used United States currency until the late eighteen hundreds, coming only second to the United States gold coins, for obvious reasons, one being that gold has always been far more valuable than silver.

The United States silver dollar was also very important to the various communities of the American West, especially for the people who enjoyed going to the saloons or better known as bars today, as they could finally have a fair exchange for a drink instead of being shortchanged by the bartender, through the unspecified amount of gold dust they receive in return. Silver coins were also highly treasured by gamblers, river boat travelers, even traders, as well as by those purchasing goods from the local mercantile, as it more practical and it eases the exchange of goods for fixed amounts of money. It was said that many famous personas from the old west carry the silver dollar, characters including Jesse James, Billy the Kid, Buffalo Bill Cody and Geronimo. It was also said that many rouge guns slinger of wild west would sometimes melt these silver coins and turn them into bullets!

american silver dollarIn the Old West the silver dollar was worth far more than a dollar is today. People were able to buy shoes or other clothing items for a dollar, and it was a bargain compared to what a pair of shoes or pants cost today. A silver dollar would also buy 50 pounds of flour, 60 pounds of potato, 10 quarts of milk, five pounds of butter and two pounds of sugar. If only we enjoyed the same spending power today :)

The Rate Of The United States Dollar

Tuesday, November 11th, 2008

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The United States Dollar is the single most recognized paper currency in the world. Not only does support allrate united states dollar major transactions, whether domestically and internationally, but it is also the most used and preferred currency in the business world today, internationally. Understanding and knowing the value and the rate of the United States Dollar against other major foreign currencies and the impacts it has on the financial markets can do a lot for those who have or are planning to invest in the international financial markets. The rate of the United States dollar has and will continue to be the fundamental basis for many other international currencies, for many years to come.

The rate of the United Dollars is also the most telling indicator in gauging the status of the United States economy. This is because by simply knowing its rate, one will also be able to compare the strength of the economy of the United States against the economies of the nations and countries around the world. Because the international currency markets are based on the simple practice of trading with multiple different currencies, knowing the rate of the United States dollar will give an extra edge against the odds of making a profit when investing in this form of market. This is because the currency market is the single largest market in the world and the the United States dollar, given its vast use and utilization, plays a huge and significant role in ensuring a constant and lucrative worth in gain upon investment.

united states dollarThe rate of the United States dollar will also determine many other things, like the price of groceries or clothing, to spending on vacations overseas through exchange rates, to the price of gas and utilities. How much value it carries depends solely on the economy of the United States. The United States Dollar is also kept as a reserve currency amongst nations and countries, all around the world, which gives it that added influence in determining the strength of the global economy. It is also used as the major form of payment for raw materials, especially in the energy sector, making it even that more indispensable. Knowing the rate of the United States dollar will also tremendously help in analyzing the risk of investing in the forex market, so being able to tell how much the dollar is worth will allow investors to identify where to best trade their investments to allow a profitable income to be made from the international currency exchange markets.

It is safe to conclude that the rate of the United States dollar is the single driving force in the currency and financial markets today, and while other international currencies may influence the markets to a certain degree, the rate of the United States dollar is still the most important as it is considered the most credible and safest investment in term of currency trading. There are so many ways to learn about the rate of the United States dollar and its correlation with the international currency market and the internet is one of them.

The Dollar Bill and The US Economy

Monday, November 10th, 2008

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Throughout history, the dollar bill has seen the best and worst of times, and the current economic state ofdollar bill economy the country leaves very little to say about the positive impacts it once had in the international markets. The trillion dollar question that’s been running through the minds of so many today is: will the US dollar continue to decline in value or will it elusively begin to rise against all odds and obstacles, and make a come back again, more stronger and resilient than ever?

The value of the dollar bill declines when it loses its value in correlation to other foreign currencies. This results in diminished purchasing power on foreign trade, which will surely increase the price of imports, further causing inflation. When this happens, foreign investors will begin to sell of their US holdings, and the imminent crumbling of the financial market will ensue. It doesn’t help that the country’s current deficits amounting to trillions of dollars is owed to foreign countries through heavy lending, neither.

Due to this and much more, the dollar has lost almost half its value in the last decade alone, further fuelling speculation amongst creditor nations that the United States Government isn’t doing all it can in supporting the US dollar, partly because a weaker dollar would mean that the United States will not have to fork out as much money to pay back their creditors. The drawback to this is, these countries, realizing this, would revert their reserves to other more stable currencies like the Euro to minimize their loses. If this continue on the value of US investments will begin to erode, further invigorating inflation and the collapse of the US dollar.

The introduction of the Euro could also mean the probable replacement of the dollar as the preferred major international reserve currency, as is seen in the current oil trading markets which are proposing the use of the Euro instead of the dollar to aid trade. One of the largest investors of the US dollar is Japan, which means that in the case of an economic surge, the country, in its interest, could sells off its US holdings, increasing the national prime lending rate and strengthening the yen against the dollar.

treasury buildingGiven all these, many financial experts say that the US dollar will not continue to collapse because it is backed by the US government, making it the world’s safest reserve currency. Thanks to the emerging of more and more sophisticated financial markets today, the US dollar has also become a universal medium of exchange, and a transition to another currency seems all too bleak. Another reason why the US dollar will probably remain its hold globally is because it is currently the only currency accepted in any oil contracts, a source of energy that the entire world is so dependable on.

In short, it is not in the best interest of the international communities to allow the US dollar to collapse, as so much has been vested in it, and for credible reasons. This alone would ensure the strength and prosperity of the dollar bill in the many years to come.

Important TrackDollarBills Pointers

Tuesday, November 4th, 2008

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For users who avidly track their dollar bills and are wondering if they have to repeat the process exclusivelytrack dollar bills on a dollar-to-dollar basis each and every single time, TrackDollarBills is pleased to inform that it is now possible for users to enter several dollar notes at the same time, although this feature is only available to users who have entered a total of at least one hundred bills, separately. Having done so, these users will also be upgraded to the premium membership status, essentially enabling them to enter more than one dollar note at any given time.

For ardent users who are on a vacation but are wondering how they will continue to track and enter their dollar bills into the site, especially if they don’t have access to the internet, TrackDollarBills suggest that they write down all the information needed by the site on a piece of paper, such as the bill’s series, its serial number, the denomination of the bill, where was the bill obtained from, the physical condition of the note, or any related comments that they may have with regards. They can then enter all the information collected into the site when they return home from their vacation, and hopefully the paper money that they have spent will result in a hit as they do this.

If a bill was received while a user is travelling on a plane or in a bus or even a boat, they can enter in the destination that they were heading to instead. Recording the location that they were originally from also works as well. In the rare event where a user receives back the same bill that they have been tracking down, they are requested to contact the site’s support team for advice as TrackDollarBills doesn’t allow the same dollar bill to be entered in twice by the same user.

Also note that the site ranks its user as well as its participating countries in order to add a little bit of a competitive edge to the whole experience of tracking dollar bills. Statistics and reports are kept on the number of dollar notes that have been entered into the system, as well as the countries that they represent based on the same frequency. These rankings are updated on a daily basis and the site will post and update the countries and the names of those who are in the lead for the last seven days consecutively. Country rankings can be increased by simply encouraging friends and families to take part in this fun and interesting hobby. The more people that enters their dollar bills come from a particular country, the higher the chances of that country taking the lead on the score boards.

In order to avoid unwanted statistical issues or errors, TrackDollarBills users are encouraged to enter in their dollar bills within one week upon receiving them, or as soon as they possibly can. To date, TrackDollarBills have registered a total of 4,763 members. The number of dollar bill entries recorded so far is 32,567 and the overall value of dollar bills tracked up to now exceed more than 2.5 million dollars.

Enter A Dollar Bill

Tuesday, November 4th, 2008

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In order for a user to begin tracking down their US paper currency on the TrackDollarBills website they musttrackdollarbills first access the ‘Enter A Dollar Bill,’ page. Of course, this can only be done after they’ve registered as a member and have logged into the site. Once a member has entered all the information required, and upon hitting the ‘submit’ button, they will then be able to view all of the reports, graphs, and statistics generated for that particular dollar bill in question.

The information that a user is required to enter in order to properly track their dollar bills are the bill’s denomination, the bill’s series, it’s serial number, the user’s current zip or postal code, the current country of residence, where was the bill obtained or received from, what is the current condition of the note, and any comments or findings that a user may want to note down on that particular bill.

The denomination of the dollar bill one wishes to track is the first entry which is required. This should essentially be $1, $2, $5, $10, $20, $50, and $100, accordingly. Making sure that the right amount is entered is vital in ensuring an accurate reading.

The next piece of information needed is the bill’s series or the year that the bill is printed. Examples of bill series’ are 2006, 2003A, 2003, 2001, 1999, 1995, 1993, 1988A, 1985, 1981, 1981A, 1977, 1977A, 1969, 1969A, 1969B, 1969C, 1969D, 1963, 1963A, and 1963B. Along with this, the bill’s serial number is also required. The serial number on a dollar bill is notably the most crucial information on the list of questionnaires so users should be very careful about entering this information correctly. Serial numbers are usually alphanumeric and 10 to 11 digits long.

Next, a user will be required to enter his or her current zip or postal code, as well as country. After this information is entered, users will be asked for the location in which they received the bills they wish to track, as well as the current condition of that particular bill. The site recommends that a rating system of brand new, very good condition, decent condition, or poor condition, be used for general standardization.

Last but not least, users can leave any comments that will help with the identification process of the dollar bill, like a tear or a unique marking, or even anecdotes to make the story of the journey of the bill more interesting and colorful. These comments will be visible to other members so users are reminded to bear that in mind when commenting on their dollar bills, and they are encouraged to be as creative as they can with these remarks as well. Note that the site is against its users defacing the dollar bills they wish to track, which means vandalizing the dollar bill to the point where the note is no longer intelligible or even spent, as this is deemed illegal by the US Government. The site also advises its users to refrain from personally marking or writing on their dollar bills.

Utilizing The TrackDollarBills Site

Monday, November 3rd, 2008

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In order to fully appreciate and experience tracking your US paper currency, you must first and foremosttrackdollarbills users register as a member on the TrackDollarBills website. Without a membership, visitors to the site are only allowed to view the various statistical reports available.

The most important information required by the site upon registration is an email address. This is so its users can have a unique account that they can be identified by. An email address is also important because the site needs to notify it users whenever there’s a hit on the dollar bills they wish to track, as well as any new features or applications that have been added to the site. The site however ensures its members that email addresses will be kept confidential and will not be compromised in any sense.

In order to login, a user will need to enter their email and password, which is created during the registration process. In the case in which a member loses this password, all they have to do is to click on the link provided which will reset their password and send a new one to that particular member’s email address. The member can then use this password to login and change it back to a password of his or her preference.

Multiple account creation is strictly prohibited by the site’s administration team. Each account should only be exclusive to a particular user. This is to deter members from entering the same bill information on two separate accounts, and if a member is caught violating this rule, their account will be suspended indefinitely. This important measure is taken to ensure the ingenuity of the experience of tracking dollar bills on the site.

The TrackDollarBills website also has a forum in which its users can utilize. By clicking on this link, users will be taken to a page in which they will be able to immediately start posting on the message boards and interact with other members of the site. The TrackDollarBills site users usually finds that this heightens the experience of tracking their dollar bills, as they continue to discuss and share related stories or anything of interest with each other, through these forums, an activity which is highly promoted by its developers.

The users of TrackDollarBills are also highly encouraged to help advertise the site by spreading the word to their friends, family, and colleagues. They can also do this by adding the link or banners provided on their respective websites, or putting a link of their signature in the forums or blogs. Other methods of disseminating the wonders of the TrackDollarBills website is through the media, either by informing the press, such as the newspaper, radio, TV, or even through the world wide web. Another splendid idea is by using a video, probably on YouTube, to tell people how fun it is to track their dollar bills. TrackDollarBills also encourages its members to come up with new ideas and suggestions to make the site more fun and enjoyable to use, and they can do this by contacting the developers directly through the ‘Contact Us’ page.

The TrackDollarBills Site

Sunday, November 2nd, 2008

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The TrackDollarBills website is relatively new but already it has been gaining a gregarious reputation trackdollarbills siteamongst currency trackers here in the United States, as well as around the world. Like all other tracking websites, TrackDollarBills was created with the intent to track the journey of its native currency, the United States Dollar, as it travels around the world. The site provides statistics on the US paper currency, its members, and the locations in which these dollar bills have been, with the help of its dedicated members. TrackDollarBills also projects numbers and rankings based on the number of dollar bills its member or participating countries have entered into its system at any given time. The site is ultimately a nonprofit, volunteer-based project which is completely free to use, and it actively encourages everyone out there to join in on the fun of tracking dollar bills.

Its users begin their journey by first registering as a member. The site requires only basic mandatory information such as a name and email to start off, and these details are kept anonymous. The collation of emails is so the site can inform its members whenever the dollar bill that they’ve registered into the system receives a ‘hit’. A ‘hit’ is a terminology given when the serial number of a dollar bill that has been registered is entered again by someone else, and every ‘hit’ represents a new person entering the same dollar bill on the site. When this happens, the journey of that particular dollar bill in question will be mapped out to all its past and present owners.

TrackDollarBills will also display a report on each of the dollar bill that a member enters on its site. The report will consist of information such as how many times a bill was entered, the names of the previous members that have entered these bills, the dates in which these dollar bills were entered into the system, the physical distance a bill has traveled, and all the information that the bill was registered under, such as the serial number and denomination.

Asides from individual reports, the TrackDollarBills site also composes graphs that details the circulation of United States Dollar Bills over time by gathering information on how many dollar bills are actually in international circulation as compared to how many of these bills that are registered within the site, along with information on how these bills circulate in other countries. Older information is retained and newer data is collected by using graphs to ascertain how this information changes over the months and years. Apart from this, the site generates statistics and rankings in which members can view and utilize to make the tracking dollar bill experience more rewarding.

The TrackDollarBills site also prides itself in being more than just a website, as its also established itself as a community. Its members have fun talking about everything under the sun through its forums and make new friends this way, or even find a compatible mate who shares the same interests as them, making the site a great way to get to know people from all around the world.