Like the rest of the United States currencies, the one dollar bill is composed of 25 percent linen and 75 percent 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.