• Although called paper money, the dollar bills are instead made of cotton and linen.
• The Sacagawea coin has the same value as a one-dollar bill.
• The ink on the dollar bill has small pieces of iron in it. The iron makes it magnetic, so the bill can be used in vending machines.
• Greenbacks are another name for dollar bills, because the back is printed in green ink. The fronts contain black ink.
• Average lifespan of a one-dollar bill is less than six years and costs about nickel to make.
• Martha Washington briefly appeared on a silver dollar note in 1896.
We use dollars to buy different items. If you use a one-dollar bill to purchase a candy bar, what would you see on that dollar bill? George Washington, the first president of the United States, is on the front of the dollar bill. The Great Seal of the United States is on the back, which shows both sides of the seal - a bald eagle with a shield of the United States and a pyramid with thirteen steps representing the 13 colonies of our country.
There are other dollar bills in larger amounts - 2, 5, 10, 20, 50, and 100, all the same size note. The United States is the only country that has paper money all the same size. Everywhere else, the size of the note gets larger as the value increases. The notes feature a different important historical person on the front. The back of each note differs also, featuring historic events and important buildings.
The Federal Reserve System issues the money used in the United States. There are 12 Federal Reserve Banks located throughout the country. Locally, there is a bank for our district in downtown Cleveland. Visit the Federal Reserve of Cleveland, which features a Learning Center and Money Museum that make a visit worthwhile.
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