2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
The first dollar bills appeared in circulation more than one hundred and fifty years ago. During this time, they have repeatedly changed the size and design, but still remain the most popular in the world. In circulation, most often you can find treasury notes in denominations of 1, 5, 10, 20, 50 and 100 US dollars. Less than two dollars. But there are also banknotes of a larger denomination: five hundred, one thousand, ten and one hundred thousand. Nobody saw them in circulation for one simple reason: the government banned their export from the country. Paper money with a face value of $100,000 is used only for settlements between banks.
The $100 bill with Franklin's portrait has become widespread throughout the world. For this, she is very much loved and often forged by counterfeiters. She changed her appearance several times. In different years, birds, admirals and even the wives of governors were depicted on it. But first things first.
First appearance
The first hundred dollar bill of the United States appeared in 1862. Then it depicted a bald eagle - the national bird of the country. Around the same time, the Southern States began issuing their Treasury notes with portraits of twosecretaries of defense and the governor's wife, Lucy Pickens.
Further development
In 1863, the banknote depicted Oliver Perry leaving his ship, the Lawrence. In 1869, a portrait of Abraham Lincoln appeared for the first time, along with a symbolic image of Reconstruction. The series was called "rainbow" due to the use of bright colors.
Further on 100 dollar bills were printed portraits of Thomas Benton (1871), James Monroe (1878), David Furragat (1890). It is worth noting that the portraits of all these figures somehow appeared on later issues of paper money. The portrait of scientist Benjamin Franklin was first printed on a banknote in 1914.
Franklin's Statement
In the 1920s, banknote sizes were reduced by 30% in order to reduce production costs. Since 1923, Benjamin Franklin has finally entrenched himself on paper money in denominations of 100 dollars. The photo below confirms that her design has become more and more modern.
In 1969, President Nixon banned the issuance of denominations over $100. Now they are collector's items and are worth more than their face value. As popularity grew, the hundred dollar bill was often counterfeited. Therefore, in 1991, additional security features were applied to it, such as microprinting and a metallic security thread. In 1996, Franklin's portrait received a watermark and a serial number -additional letter.
Last 100 dollar note update
In April 2010, they announced the launch of a new series of paper money, which was developed in 2009. It was scheduled for release in 2011, but the United States government announced the marriage during production, so their release was pushed back two years.
On the eighth of October last year, the United States introduced a new 100 dollars into circulation. The banknote received an additional level of protection. It is printed with new watermarks, there is also an additional thread and a three-dimensional protective film that is woven into the bill. Another innovation: when turned, the bells transform into the number one hundred, and the one located to the right of the portrait of Benjamin Franklin changes color to copper or green. The new security levels affected the cost of manufacturing the $100 note. She went up three cents.
Dollar sign
The word "dollar" appeared much earlier than the monetary unit. There are many versions as to what language it was taken from. Some scholars argue that the word comes from the name "Joachimstaler" - a Czech coin of the late 16th century. Others believe that the Americans borrowed the name of their currency from the Danes, which the thalers called "dallers". Be that as it may, the United States is the first country to use this word for a monetary unit.
The history of the dollar symbol is no less interesting. According to the official version, he owes the appearance of the Spanish peso. On a coinengraved two columns - the symbols of the Pillars of Gibr altar. This is the prototype of two vertical sticks in the sign. The second version of the appearance of the symbol says that the sign was formed from the American abbreviation for the United States (U and S). The lower part of the letter U disappeared - so two vertical sticks appeared. Over the following centuries, other versions of the origin of the symbol appeared.
- "Germanic": the obverse of the coin depicted the crucified Jesus, and the reverse - a snake wrapped around the cross.
- "Portuguese": the dollar sign is derived from a symbol very similar to it - "digit" (digital), which means a period or comma, separating whole parts from fractional ones.
Basic banknote elements
The inscription In God We Trust has been constantly appearing on banknotes since 1963. It was first ordered to be minted by Salmon Chase on two-cent coins back in 1864. At the same time, the US government passed a law that prohibited portraits of living people from being depicted on banknotes. The reason was the scandal. Spencer Clark, who headed the Bureau of Foreign Exchange, placed his own portrait on the five dollar bill. The experiment would have gone unnoticed if Clark had not had a sexual relationship with one of his subordinates. This quickly became known to the public. To protect the dollar from shame, the government made a decision.
The main symbols of the country are placed on the reverse side of the banknote:
- Lincoln Memorial - $5;
- Ministry of Finance and the White House - for $10 and $20;
- Capitol - $50;
- Independence Hall - on the $100 bill.
Portraits of the signatories of the Declaration of Independence featured on the $2 bill.
Most Memorable Elements
Above the head of the eagle in the first series of treasury notes was the Latin inscription "One of many", the meaning of which is still unclear. One of the banknotes depicted a pyramid, which symbolizes the growth and pursuit of excellence in the United States, and the "All-Seeing Eye" at the top of the pyramid - divine power. The inscriptions above and below symbolized the new era. All these elements first appeared on the money of the 18th century. The typographer, publicist, diplomat, scientist and inventor Benjamin Franklin suggested using them.
Printing on banknotes lasted only a few decades, and then disappeared until 1930. It was brought back by Franklin Roosevelt. He viewed this element as a symbol of the power of the American people. Despite reports of Masonic symbols, Roosevelt left a seal on the bill.
The first green color on Treasury notes appeared in 1929. This paint was quite cheap, and the shade inspired confidence and optimism. Recently, new tones have appeared on banknotes - yellow and pink.
Design notes
All banknotes are facsimile-signed by the officials responsible for finance. Initially, there were signatures of real-life officials, until in 1776 the separatists decided to create their own currency - the "Continental". Hundreds of differentrespected but little-known people. In 1863, the signatures were replaced by facsimile.
The banknote is made by intaglio printing. The color scheme, the arrangement of the main elements approximately coincide with the coloring and position of the elements on paper money of a smaller denomination. The series is listed at the bottom left. The only banknote with a full-width portrait of a celebrity and the denomination in numbers is $100. The size of the treasury note is 156 x 67 mm.
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