In terms of current currency, the $10 bill of the USA is the lowest value of paper money without the portrait of a US president. The $10 bill has the portrait of Alexander Hamilton. He was the first Secretary of the Treasury. Another unique fact about the $10 bill is; it is the only paper money in the US where the portrait faces to the left. Another paper money of US currency has a non-president portrait and that is the $100 bill. The $100 bill has Benjamin Franklin on it.
Who Is On US Paper Money?
In the US paper money, you will find a portrait of former Presidents of the United States of America, except for the bill $10 and $100. Below is the list of paper money with different portraits –
1. George Washington on $1
2. Thomas Jefferson on $2
3. Abraham Lincoln on $5
4. Alexander Hamilton on $10
5. Andrew Jackson on $20
6. Ulysses S. Grant on $50
7. Benjamin Franklin on $100
Who Is Alexander Hamilton On the $10 Bill?
Alexander Hamilton was a renowned American statesman, politician, legal scholar, military commander, lawyer, banker, and economist. He was one of the Founding Fathers of the United States. He was born on September 11, 1789, in Charlestown, the capital of the island of Nevis in the Leeward Islands. So this is a surprising fact that he was not a Native American. In his teenage, he came to New York to pursue his education. In the year 1777, he became a senior aide to run the new Continental Army to General Washington. After the war, Alexander was elected as a representative to the Congress of the Confederation from New York. Alexander Hamilton was the founder of the Bank of New York and he was also the first Secretary of the Treasury.
Who Decided The Faces Of Every United States Bill?
The exact criteria based on which the final decision is taken for the faces of every United States bill is not clear. However, the secretary of the Treasury Department has the final authority to determine the face of the US paper money. It is prohibited by Federal law that no faces of living persons can’t appear on the United States Currency. Therefore, the Treasury Department doesn’t allow any faces of living persons on the US currency.
Interesting Facts About The U.S. Currency
1. The first USA paper money was printed in 1862
2. Martha Washington is the only woman whose portrait was on the US bill
3. The George Washington portrait was first depicted on the $1 banknote in 1869
4. The highest dollar denomination that was ever circulated was $10,000
5. $1 bills represent 45% of the entire currency production
6. $1.54 trillion of U.S. currency is in circulation
7. In current circulation, 97% of the total US currencies are Federal Reserve Notes
8. 33% of all $100 bills are generally held outside the United States
9. All the paper bills of the USA are made from the same material: 25% linen and 75% cotton.
10. There are two active “Money Factory” in the USA; one is in Washington, D.C., and the one is in Fort Worth, Texas
11. The two “Money factories” use 9.7 tons of ink per day
12. Every year, the Treasury Department claims 30,000 damaged bills worth $30 million
13. Every day the authority prints 37M notes and it equals $696 million
FAQs About Paper Money Of USA
1. Is There Really A $3 Bill?
No, there is no genuine $3 bill. However, a gold three-dollar coin was produced in the 1800s but no $3 bill has ever been produced. Over the years many fake $3 bills were released but no legal $3 bills were released or circulated.
2. Are $2 Bills Rare?
Yes, $2 bills are very rare. According to Business Insider, the $2 bills only account for less than 0.001% of all currencies which are in circulation now. So it means, the $2 bills are the rarest paper money in the United States. In fact, only about 1.2 billion $2 bills are currently in circulation.
3. What Is The Most Famous Dollar Bill?
The 1890 Grand Watermelon Bill is the most famous dollar bill and it is also one of the rarest US currency notes.
4. What Is The Largest US Bill?
The $10,000 bill is the largest US paper money that featured the portrait of President Lincoln’s Secretary of the Treasury, Salmon P. Chase. Moreover, it was also the largest bill that ever circulated publically in the USA.
5. What Is The Most Valuable $1 Bill?
Dollar bills with unique serial numbers have huge demand and they also have excellent value. Usually, collectors look for unusual or special serial numbers. So some of the most valuable $1 bills are
Seven repeating digits in a row on $1 bills09999999
Seven of the same number on $1 bills00010000
Super repeaters on $1 bills01100110
Double quads on $1 bills11110000
Super radars on $1 bills 01111110
Serial numbers any size/type/denomination99999991 – 99999999
6. Is There A 200 Dollar Bill?
No, there are no $200 bills in US currency. There are seven denominations in bills and they are $1, $2, $5, $10, $20, $50, and $100.
7. How Much Is A 2003 $2 Bill Worth?
An uncirculated 2003 series $2 with an MS 63 grade might be worth around $35. Notes issued from the Federal Reserve Bank of Atlanta are more valuable and the same 2003 series $2 might be worth $75.
Last Updated on October 29, 2022 by Magalie D.
Magalie D. is a Diploma holder in Public Administration & Management from McGill University of Canada. She shares management tips here in MGTBlog when she has nothing to do and gets some free time after working in a multinational company at Toronto.