The secrets of the greenback
Dollar bills are green for this reason
Image: Pepi Stojanovski
The U.S. dollar is one of the most powerful and recognizable currencies in the world, but its physical form is unique for many other reasons . From its composition to its symbols, dollar bills and coins are carefully designed to combine history, security, and convenience. Let’s explore our national currency!
1
What are bills made of?
Unlike other currencies, dollar bills are not made of paper or plastic. U.S. dollar bills are made from a special fabric blend composed of 75% cotton and 25% linen. This mix makes the bills extremely durable and resistant, and they can be folded about 4000 times before tearing.
2
What bills are valid?
Any U.S. dollar bill that was legally printed is valid, no matter how old, as American currency does not have an expiration date. While some bills might not be accepted by businesses of foreign exchange services due to their condition or if they are a discontinued version of the bill, the bills themselves are still valid, and American banks will accept them, though they might take them out of circulation.
3
American leaders
Five bills have a depiction of an American president. The exceptions are the $10 bill, with Alexander Hamilton on the front, and the $100 bill, with Benjamin Franklin. The $1 bill, depicting George Washington, is extremely symbolic: several elements are repeated 13 times as a nod to the thirteen colonies, and it showcases the Bald Eagle and the Eye of Providence as a sign of God watching over America.
4
A change in size
Did you know that dollar bills used to be so big that they were nicknamed "horse blankets"? Original dollar bills were 7.4 × 3.1 inches. In 1929, the Treasury Department reduced the size of bills to 6.14 × 2.61 inches to reduce production costs and materials. Old bills, though still valid, are worth much more as collector items.
5
Uniformity
Besides their value and design, all dollar bills have the same size (6.14 × 2.61 inches), color, and weight (1 gram) , which sets American currency apart from other countries where bills of different values are differentiated by size, color, or both. Why doesn’t the U.S. implement differences among bills? The cost of adapting vending machines, bank drawers, and ATMs to new bill sizes would cost billions of dollars.
6
Hard to copy
Originally, dollars were not green, but black. As time passed, green ink was favored, as it was cheap and did not fade as much as black. The new color also prevented people from using black-and-white cameras to create counterfeit money. Currently, dollar bills are predominantly green, but newer versions also include extra colors, such as pink, orange, or purple.
7
A $100,000 bill?
Have you ever seen a $500 or 1,000 dollar bill? What about a $100,000? Up until 1945, the U.S. Treasury printed $500, $1,000, $5,000, $10,000, and $100,000 notes , in addition to the values currently in use. These higher-value notes were mainly intended for bank and government use, but were sought by criminals as they made it easier to hide large amounts of money. Even though they were officially discontinued in 1969, these notes are still valid, though rare, and they have a high worth as collector's items.
8
No numbers
Unlike bills, American coins have different sizes and colors related to their value. Originally, gold, silver, and copper were used for coins, but modern coins are made of copper, zinc, or nickel. Besides their size and design, the value of each coin is printed in letters, not in numbers , alongside depictions of American presidents.
9
Liberty for all (the coins)
By law, all American coins must include six specific details : the word ‘Liberty’, the name of our country, the national motto "In God We Trust", the oldest American motto "E Pluribus Unum", the value of the coin, and the year. Each coin also includes a mint mark that shows where it was made: "P" for Philadelphia, "D" for Denver, "S" for San Francisco, and "W" for West Point.
10
A global currency
The American dollar is one of the most powerful currencies in the world, acting as a backbone for international trade and finances. It is estimated that two-thirds of the physical dollars in circulation are outside American territory. Besides the U.S. and its territories, eight sovereign nations have the U.S. dollar as their official currency, with several more accepting it as legal tender.
