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How the dollar has changed over the years.  
 

 
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Pillar of the Community
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 Posted 07/09/2018  2:28 pm Show Profile   Bookmark this topic Add Chase007 to your friends list Get a Link to this Message
I recently read this article on Dollar bill's history and found it interesting and decided to share.Hope you'd enjoy.

*US currency has undergone several transformations.
While some people are in favor of eliminating the $1 bill, this common denomination has a fascinating history.

*The dollar's design has undergone some interesting alterations over the years -- from the "funnybacks" that emerged in the 1920s to the web-printed bills of the 1990s.
*It's believed that, in 1690, the Massachusetts Bay Colony issued the first paper currency in America.The capital was needed to finance the military during King William's War, the North American arm of the War of the Grand Alliance (aka the Nine Years' War).
*Despite opposition from Great Britain, each of the 13 colonies had its own currency by the time of the American Revolution.These notes were typically expressed in Spanish reales as well as in British shillings, pounds, and pence.
*Noted polymath Benjamin Franklin began printing paper money as early as 1728 and proposed a universal paper currency in 1765.
Franklin is known for his quotes about money, such as "A penny saved is a penny earned," and "The use of money is all the advantage there is in having it."
*When the Continental Congress needed a way to finance the Revolutionary War in 1775, it began issuing notes called Continentals.
*Congress called for the regulation of coin currency in 1792, but didn't make a specific reference to paper money. Thus, individual banks started issuing their own notes.
*To finance the Civil War, Congress sanctioned the issuance of a national paper currency.
*16th U.S. President Abraham Lincoln issued the first $1 bill in 1862 as a legal tender note (legal tender is a form of money approved by the government).
*George Washington didn't appear on the note until 1869.
*By 1874, the blue and green colors on the front of the $1 bill were removed.
*George Washington's wife, Martha, appeared on the 1886 silver certificate.
*The $1, $2 and $5 notes issued in 1896 are known among collectors for their artistic merit.
*After the Panic of 1907 — the first global financial crisis of the 20th century — President Woodrow Wilson signed the Federal Reserve Act in 1913.
*The 1920s saw the introduction of the smaller-sized dollar bill that we know today. The change in proportion was likely to reduce production costs.
*1957 marked the addition of the "In God We Trust" motto on the the back of $1 bill.
*In 1963, the Treasury Department began issuing Federal Reserve notes in $1 denominations.
*The design of the $1 bill hasn't changed much since.
*Between 1991 and 1995, the Bureau of Engraving and Printing installed a web press — the type of press used to print newspapers.
*Today, the $1 note constitutes 45% of the Bureau of Engraving and Printing's currency production.













Edited by Chase007
07/09/2018 3:16 pm
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 Posted 07/09/2018  4:28 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Nice background and images, thanks!

Another iconic $1 type:



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 Posted 07/09/2018  4:59 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Fascinating history.

The dollar note has served us well. Its retirement is deserved and well earned. Just do it already.
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 Posted 07/09/2018  5:29 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Thanks for the great read.

One of my favorite designs is the one with the Constitution on the front side.


Quote:
While some people are in favor of eliminating the $1 bill

Yes, but they are ... ahem... bucking () up against such historic greats and geniuses as:


Quote:
16th U.S. President Abraham Lincoln issued the first $1 bill in 1862 as a legal tender note (legal tender is a form of money approved by the government).
...
Noted polymath Benjamin Franklin began printing paper money as early as 1728 and proposed a universal paper currency in 1765.


So everyone can see who really is correct in their opinion of dollar bills can't we?


Jbuck...obviously all in fun my friend... looking forward to the day we finally get to share that Pepsi and talk Ikes and Amigas in person!

- When I value " being right" more than what IS right, I am then right...a fool.
- How much squash could a Sasquatch squash if a Sasquatch would squash squash?
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 Posted 07/09/2018  8:04 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
The older ones look more interesting for some reason.
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 Posted 07/09/2018  8:32 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Reason: The artwork is spectacular on all of our large size notes. The shift to small sizes in 1928 marked the beginning of standardized, homogeneous designs and massive printings that have evolved into an endless 24-hour production cycle today, with only errors and fancy serial numbers (for the most part) generating any interest.

It's a whole different ballgame.
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 Posted 07/10/2018  10:24 am  Show Profile   Bookmark this reply Add Chase007 to your friends list Get a Link to this Reply
Coinfrog, thanks for posting the pic. it is definitely iconic and one of the beautiful #1 bill designs.
And yes, today's design are far from genuinely interesting and it is more of a green paper floating around.
But for those of us collectors we are preserving them in our collections and hope our next generation will do the same once it is passed onto them.
Edited by Chase007
07/10/2018 10:28 am
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 Posted 07/10/2018  10:33 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Yes, but they are ... ahem... bucking () up against such historic greats and geniuses
Bucking. Good pun!


Quote:
...looking forward to the day we finally get to share that Pepsi and talk Ikes and Amigas in person!
Drinking my morning Pepsi as we speak, er, type.
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 Posted 07/11/2018  5:22 pm  Show Profile   Bookmark this reply Add Bryan78 to your friends list Get a Link to this Reply
The older bills have so much class.
Pillar of the Community
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 Posted 07/11/2018  5:49 pm  Show Profile   Bookmark this reply Add Chase007 to your friends list Get a Link to this Reply

Quote:
The older bills have so much class.


How true, a class of their own with beautiful designs.
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 Posted 07/12/2018  1:08 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Lack of class. Got it. Another reason to retire them.
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 Posted 07/12/2018  2:50 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
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