Posts Tagged ‘plate’

Facts About the One Dollar Bill

Wednesday, March 11th, 2009

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Did you know:

o that the 1st one dollar notes were issued by the Federal Government in 1862. They featured a portrait of Secretary of the Treasury Salmon P. Chase?

o that the first use George Washington’s portrait on one dollar notes was on the 1869 United States Notes?

o that the inclusion of “In God We Trust” on all currency was required by law in 1955. It first appeared on paper money in 1957, on one dollar Silver Certificates, and on all Federal Reserve Notes starting in 1963?

o that the first one dollar Federal Reserve Notes were issued in 1963. It had George Washington on the face and the Great Seal on the back? This remains unchanged.

o that of all the notes printed by the Bureau of Engraving and Printing, one dollar notes make up 45% of all currency made?

o that the life span of a one dollar bill is 21 months?

o that the face and back designs of all U.S. paper currency, except the backs of the one and two dollar bills were adopted in 1928?

o that George Washington is on the one dollar bill, Thomas Jefferson is on the $2, Abraham Lincoln is on the $5, Alexander Hamilton is on the $10, Andrew Jackson is on the $20, Ulysses Grant is on the $50, and Benjamin Franklin is on the $100?

o that notes of higher denominations, while no longer produced featured William McKinley on the $500, Grover Cleveland on the $1000, James Madison on the $5000, and Salmon Chase on the $10,000?

o Faceplate Numbers and Letters are the small numbers and letters that can be found in the lower right and upper left corners of a bill?

o In the left corner of the dollar bill is the Note Position Number? This consists of the Note Position Letter and a quadrant number. The Note Position Letter is followed by the Plate Serial Number. This identifies the plate the note was printed from. The Plate Serial Number for the back side of the note is in the lower-right corner.

o that bills that have a small “FW” in the lower right corner on the front of the bill indicate that the bill was printed at the Bureau of Engraving and Printing’s Western Currency Facility in Fort Worth, Texas?

All of these things contribute to what the dollar is today. You probably haven’t thought much about The Great Seal or the Note Position Letter and Plate Serial Number. If you take a closer look at that dollar in your pocket, you can trace it back to its exact location on the plate it was printed from. It may not be top on your list of things to do when you’re paying for your cup of coffee but someone could certainly track this dollar to its roots if they wanted to. Take a look, you might find something interesting yourself!