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The Chip Board Archive 11

What do YOU Know about a $1 Bill???

Take out a one-dollar bill, and look at it. The one-dollar bill you're looking at first came off the presses in 1957 in its present design. This so-called paper money is in fact a cotton and linen blend, with red and blue minute silk fibers running through it. It is actually material. We've all washed it without it falling apart. A special blend of ink is used, the contents we will never know. It is overprinted with symbols and then it is starched to make it water resistant and pressed to give it that nice crisp look. If you look on the front of the bill, you will see the United States Treasury Seal. On the top you will see the scales for a balanced budget. In the center you have a carpenter's square, a tool used for an even cut. Underneath is the Key to the United States Treasury.

That's all pretty easy to figure out, but what is on the back of that dollar bill is something we should all know. If you turn the bill over, you will see two circles. Both circles, together, comprise the Great Seal of the United States. The First Continental Congress requested that Benjamin Franklin and a group of men come up with a Seal. It took them four years to accomplish this task and another two years to get it approved. If you look at the left-hand circle, you will see a Pyramid. Notice the face is lighted, and the western side is dark. This country was just beginning. We had not begun to explore the West or decided what we could do for Western Civilization. The Pyramid is un-capped, again signifying that we were not even close to being finished. Inside the capstone you have the all-seeing eye, an ancient symbol for divinity. It was Franklin's belief that one man couldn't do it alone, but a group of men, with the help of God, could do anything. "IN GOD WE TRUST" is on this currency. The Latin above the pyramid, ANNUIT COEPTIS, means, "God has favored our undertaking." The Latin below the pyramid, NOVUS ORDO SECLORUM, means, "a new order has begun." At the base of the pyramid is the Roman numeral for 1776. If you look at the right-hand circle, and check it carefully, you will learn that it is on every National Cemetery in the United States. It is also on the "Parade of Flags Walkway" at the Bushnell, Florida National Cemetery, and is the centerpiece of most heroes’ monuments. Slightly modified, it is the seal of the President of the United States, and it is always visible whenever he speaks; yet very few people know what the symbols mean. The Bald Eagle was selected as a symbol for victory for two reasons: First, he is not afraid of a storm; he is strong, and he is smart enough to soar above it. Secondly, he wears no material crown. We had just broken from the King of England. Also, notice the shield is unsupported. This country can now stand on it own. At the top of that shield you have a white bar signifying congress, a unifying factor. We were coming together as one nation. In the Eagle's beak you will read "E PLURIBUS UNUM", meaning, "one nation from many people". Above the Eagle, you have thirteen stars, representing the thirteen original colonies, and any clouds of misunderstanding rolling away. Again, we were coming together as one. Notice what the Eagle holds in its talons. He holds an olive branch and arrows. This country wants peace, but we will never be afraid to fight to preserve peace. The Eagle always wants to face the olive branch, but in time of war, his gaze turns toward the arrows. They say that the number 13 is an unlucky number. This is almost a worldwide belief. You will usually never see a room numbered 13, or any hotels or motels with a 13th floor. But think about this: 13 original colonies, 13 stripes on our flag, 13 signers of the Declaration of Independence, 13 steps on the Pyramid, 13 letters in the Latin above, 13 letters in "E Pluribus Unum", 13 stars above the Eagle, 13 bars on that shield, 13 leaves on the olive branch, 13 fruits, and if you look closely, 13 arrows. And, for minorities: the 13th Amendment.

I always ask people, "Why don't you know this?" Your children don't know this, and their history teachers don't know this. Too many veterans have given up too much to ever let the meaning fade. Many veterans remember coming home to an America that didn't care. Too many veterans never came home at all.

Other things on the note are:

FRONT

Denomination Located on four corners and verbose across the bottom and under the right serial number..
Serial Number Printed in bright green on the upper right and lower left portions of the note. The letter prefix is the Federal Reserve Bank it was issued from.
Type of Note Is printed across the top. It is a Federal Reserve Note or FRN.
Payment Obligation That is the statement “This note is legal tender for all debits public and private”
Treasury Seal Green on Federal Reserve Notes – Blue on Silver Certificates – Gold on Gold Certificates – Red on United States Notes – Brown on Federal Reserve Bank Notes
District Seal Is located on the middle left. It is the round black seal with the letter of the Federal Reserve District (Only on FRN notes) Letters are A thru L
District Number Is located inside the border and is a number 1~12 . It will appear four places on the inside near the numerical denominations. These letters will correspond with the Letters of the Federal Reserve District. A=1, B=2, C=3, …..etc.
Face Plate Position This is the Small letter with a number following it. These are located on the upper left and lower right (smallest print).
Printer Before the Face Plate Location on the lower right the letters “FW” appear the note was printed in Fort Worth Texas, otherwise it was printed in Washington, D.C.
Face Plate Number There are 32 notes printed per page, this number denotes which position the note was in relation to the other notes on the page. 1~32
Portrait Is the President’s picture
Signatures Treasurer (33 different sign) is to the left and Secretary Treasurer (27 different sign) is to the Right
BACK
Motto “In God We Trust”
Back Vignettes These are the circular areas around the Great Seal and the Pyramid.
Back Plate Number Is a small number located under the “E” near the Great Seal.

In God We Trust

The use of the national motto on both U.S. coins and currency notes is required by two statutes, 31 U.S.C. 5112(d) (1) and 5114(b), respectively. The motto was not adopted for use on U.S. paper currency until 1957. It first appeared on some 1935G Series $1 Silver Certificates, but didn't appear on U.S. Federal Reserve Notes until the Series 1963 currency. This use of the national motto has been challenged in court many times over the years that it has been in use, and has been consistently upheld by the various courts of this country, including the U.S. Supreme Court as recently as 1977.

The Department of the Treasury and the Department of Justice intend to actively defend against challenges to the use of the national motto. In 1992, a challenge was filed and successfully defeated in the U.S. District Court for the District of Maryland.

DID YOU KNOW?
The Bureau of Engraving and Printing produces 37 million notes a day with a face value of approximately $696 million.

95% of the notes printed each year are used to replace notes already in circulation. 45% of the notes printed are $1 notes.

The first paper currency issued by the U.S. Department of the Treasury were Demand Notes Series 1861.

During the Civil War period, the Bureau of Engraving and Printing was called upon to print paper notes in denominations of 3 cents, 5 cents, 10 cents, 25 cents, and 50 cents. The reason for this is that people hoarded coins because of their intrinsic value which created a drastic shortage of circulating coins.

In 1929, the size of currency was reduced to about 2/3's of its former size when production was converted to 12-subject plates. The familiar portraits and back designs of our currency were also established at that time.

A stack of currency one mile high would contain over 14˝ million notes.

The approximate weight of a currency note, regardless of denomination is (1) one gram. There are 454 grams in one (1) U.S. pound, therefore, there should be 454 notes in (1) one pound(Avoirdupois system). If the troy system were used, there are (12) twelve ounces in (1) one pound; therefore, if one note weighs approximately (1) one gram, then (1) troy pound contains approximately 375 notes.

If you had 10 billion $1 notes and spent one every second of every day, it would require 317 years for you to go broke.

Currency paper is composed of 25% linen and 75% cotton. Red and blue synthetic fibers of various lengths are distributed evenly throughout the paper. Prior to World War I the fibers were made of silk.

Between the Fort Worth, Texas and the Washington, DC Facilities approximately 18 tons of ink per day are used.

Have you ever wondered how many times you could fold a piece of currency before it would tear? About 4,000 double folds (first forward and then backwards) are required before a note will tear.

The following information regarding the average life of a Federal Reserve Note was provided by the Federal Reserve System - please note that the life of a note depends on its denomination:

$ 1 .............. 22 months
$ 5 ................ 16 months
$ 10................ 18 months
$ 20 ............... 2 Years
$ 50 ............... 5 Years
$100 .............. 8.5 Years

Our present sized currency measures 2.61 inches wide by 6.14 inches long, and the thickness is .0043 inches. If each currency note printed was laid end to end, they would stretch around the earth's equator approximately 24 times. Larger sized notes in circulation before 1929 measured 3.125 inches by 7.4218 inches.

The 100 dollar note has been the largest denomination of currency in circulation since 1969.

The obverse and reverse of the Great Seal of the United States appeared in a currency design for the first time when the $1 Silver Certificate. Series 1935, was issued. The Seal dates back to 1782 -- before the Constitution.

The legend, "In God We Trust," became a part of the design of United States currency in 1957 and has appeared on all currency since 1963.

The largest note ever printed by the Bureau of Engraving and Printing was the $100,000 Gold Certificate, Series 1934. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury. These notes were used for transactions between FRBs and were not circulated among the general public.

The origin of the "$" sign has been variously accounted for, however, the most widely accepted explanation is that the symbol is the result of evolution, independently in different places, of the Mexican or Spanish "P's" for pesos, or piastres, or pieces of eight. The theory, derived from a study of old manuscripts, is that the "S" gradually came to be written over the "P," developing a close equivalent of the "$" mark. It was widely used before the adoption of the United States dollar in 1785.

Contrary to popular belief, the automobile pictured on the back of the $10 note is not a Model "T" Ford. It is merely a creation of the designer of the bill.

The hands of the clock in the steeple of Independence Hall on the reverse of the $100 Federal Reserve Note are set at approximately 4:10.

Martha Washington is the only woman whose portrait has appeared on a U.S. currency note. It appeared on the face of the $1 Silver Certificate of 1886 and 1891, and the back of the $1 Silver Certificate of 1896.

The beginning of an establishment for the engraving and printing of U.S. currency can be traced as far back as August 29, 1862, to a single room in the basement of the Main Treasury Building where two men and four women separated and sealed by hand $1 and $2 U.S. notes which had been printed by private bank note companies. Today there are approximately 2,800 employees who work out of two buildings in Washington, D.C. and a facility in Fort Worth, Texas.

During Fiscal Year 2003, it cost approximately 6 cents per note to produce 8.2 billion U.S. paper currency notes.

Messages In This Thread

What do YOU Know about a $1 Bill???
Re: What do YOU Know about a $1 Bill???
$2,700,000 avoirdupois?
Watch you language David! rofl
Ever see a Movie Where......
Re: Ever see a Movie Where......
Correct me if I'm wrong, but....
grin Most Impressive! But did YOU know...
Go to the Head of the Class!!
grin Thank you
MIKE WHERE DID THE SLANG BUCK COME FROM?
I only know PART of it....
Re: What do YOU Know about a $1 Bill???
Re: What do YOU Know about a $1 Bill???

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