Posts Tagged ‘dollar bills’

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.

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.

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.

How Dollar Bills Are Made

Saturday, September 6th, 2008

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dollar bill madeEver wondered how dollar bills are made? Here’s a brief run through on the intricate process it goes through, but an interesting one nonetheless.

The first step in the making of a dollar bill is the preparation of the master die, an imprinted piece of soft steel, used in the engraving part of the process. The brilliant adroitness and artistry of the engravers is what brings the dollar bills to life, and they do this by skilfully and carefully cutting different portions of the design, such as the portrait, the vignette, the ornamentation, and the lettering, on each master die. This is why, if you put the dollar bill under a magnifying glass, you will observe that it contains copious amounts of fine lines and dots which varies in size and shape. This unique printing technique is known as the intaglio printing. The designs which are featured on the dollar bills are determined by the Secretary of the Treasury and each of this design has its own historical and idealistic significance.

Siderography, a process used to transfer the hand-graved images on the original dies to a printing plate, is next. Upon completion, the dies will then be stored for use in subsequent production processes, as and when it is needed. As soon as that is sorted out, an impression is taken from the master die and the raised image is then cast in plastic. Various plastic images of the different segments of the dollar bill are then prepared, fitted and fused into the required plate formation. This will consists of thirty-two separate sheets. A series of plates are then produced by placing the plastic altos into an electrolytic tank. The plates are then cleaned, polished, and meticulously inspected by an engraver, after which the recessed image plate is made and another piece of the intaglio plate is placed on a printing press.

The dollar bills are then printed on these high-speed rotary presses which spits out over 8,000 sheets per hour. The surface of the notes are slightly raised, with the reverse side indented, to give it a three dimensional effect. The background of the dollar bills are printed in green ink and the faces printed in black, before it is allowed to dry, and this will take for up to 48 hours.

The dollar bills are then scrutinized under a microscope by an examiner, to meet very high standards in quality. Upon satisfactory inspection, it is then ready to be numbered. The Federal Reserve District seal and its corresponding number designations are then overprinted with black ink using a letterpress. Green ink is used to print the Treasury seal and the serial numbers. Guillotine cutters are used to slice the dollar bills into into single stacks of one-hundred notes, which will be packed up into 40 separate units of bricks, each containing 4,000 notes. These are then distributed to Federal Reserve Districts, to be issued to local banks.

There you have it, that’s how your dollar bills are made.

What To Do When You Receive A Counterfeit Bill ?

Saturday, July 5th, 2008

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making counterfeit dollar billThe United States Treasury Department has outlined very specific guidelines for dealing with suspected counterfeit money. On their government website, there is a list of things that they suggest you do for your own security.

First of all, if you suspect a counterfeit, report it to your local police or the U.S. Secret Service. If you are away from home, you should report the suspected counterfeit note to the closest police department located in the same town, or a neighboring one. This should also be done if you are in another country.

Here are some of the guidelines on the website:

  • You should not give the bill back to the person who gave it to you.
  • Try to delay the person, if possible.
  • Avoid putting your fingerprints on the bill. Put it in an envelope or a plastic bag.
  • Give the bill to an identified police officer, or mail it to the U.S. Secret Service Agent that is closest to you. Do not give it to anyone else.

There are several ways to spot a counterfeit bill on the website as well. There should be a watermark that is visible when looking at either side of the bill when it is held up to the light. There is also a security thread that is embedded in each bill. This thread is also visible when the bill is held up to the light.

If you have an ultraviolet light available, each bill will glow a certain color under that light (unless it is a $1 bill). If there is no glow, then it could be a counterfeit.

There are further details on dealing with suspected counterfeit bills on the United States Department of Treasury website, www.ustreas.gov. Visit their website for more information on counterfeit bills.

Interesting Facts About the Dollar - Paper Currency

Saturday, June 7th, 2008

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legal tenderThere are many interesting facts about the paper currency of the United States. Here are just a few facts about dollars that you may not have known before.

The first $1 notes did not have George Washington’s face printed on them. The Secretary of Treasury in 1861, Salmon P. Chase, was the face on the original $1 note. George Washington’s face was not printed on the $1 note until 1869.

The dollars in circulation today all have the same basic face and back designs since 1928, which the exception backs of the $1 and $2 denominations.

A tiny “FW” printed on the front lower right corner of any bill indicates that it was printed at the Bureau of Engraving and Printing’s Western Currency Facility. This facility is located in Forth Worth, Texas.

All paper currency in circulation today has the words: “THIS NOTE IS A LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE”. This sentence was changed seven times before it was finally edited to the wording we see today, which was first printed on the 1963 series.

The original phrase was: “This note is legal tender for all debts, public and private, except duties on imports and interest on the public debt, and is exchangeable for U.S. six per cent twenty year bonds, redeemable at the pleasure of the United States after 5 years”. This phrase was printed on the larger notes printed in 1862.

Larger notes circulated until 1929, and were 3.125 inches wide by 7.4218 inches long.

Currently, all paper dollars measure 2.61 inches wide by 6.14 inches long. They are also 0.0043 inches thick.

In order to have one full pound of bills, you need 490 notes.

Interesting isn’t it? Be sure to keep reading our blog for more interesting facts about dollar bills!

The History of United States Dollars

Saturday, June 7th, 2008

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dollar bill historyThe paper currency in the United States, the dollar, has an interesting history. Let us take a look at the history of dollars, which begins all the way back before the States were all created to form this country.

The first sign of paper money was in 1690. The Massachusetts Bay Colony was the first to issue this paper money. Many years later, in 1775, paper currency was issued to finance the Revolutionary War. The problem with this issue of currency was that is was based on the expectation of tax collection. These notes were also easily counterfeited.

After the Constitution was adopted, Congress chartered the first bank. It was called the Bank of the United States. The bank was charted until 1811 and authorized to issue paper currency. This institution was the first to perform the functions of a central bank.

Due to the need to finance the Civil War, Congress decided to permit the U.S. Treasury to issue non-interest bearing notes. These notes were a paper currency called Demand Notes. Large Treasury Notes in circulation were released in five issues between 1862-1923.

Between 1865 and 1933, Gold Certificates were circulated against gold coin deposits. In between this time, it was decided that the Treasury Department’s Bureau of Engraving and Printing would be solely authorized to print U.S. currency.

The Federal Reserve System was set into place in 1913, so that there would be unified regulation over money circulation and credit. Federal Reserve Notes are the paper money that we know and use today. No other U.S. currency is created or circulating.

The denominations of paper currency that are currently issued are $1, $2, $5, $10, $20, $50, and $100. Prior to 1946, there were other, higher denominations in circulation. These were $500, $1,000, $5,000, and $10,000 bills.

There is much more to the history of currency in the United States, but this post offers a nice overview of how we have come to use the dollar bills that we use today. Remember that money is not what it used to be. It has changed over time.

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