Because they appeared much the same to the 5 cent and 10 cent postage stamps, the first issue of these notes were referred to as Postage Stamp Currency. The Postage Stamp Currency was never allowed as legal tender and the only two uses of it was: 1.) To be traded for United States Notes in $5 increments and 2.) To be receivable as payment for dues to the United States government in $5 amounts or less.

In the beginning months of being produced, the bank notes were printed in perforated sheets sold to both banks and the public so that people could easily rip off what they needed.  After a while, the notes were just printed to be cut with scissors because the perforating machine could not handle the amounts of notes.

A new order of Fractional Currency bank Notes were printed in 1863. These bank notes were more colorful and more difficult to counterfeit than the Postage Currency of 1862. This was requested by U.S. Secretary of the Treasury, Salmon P. Chase.

There was a controversy with the third order of the 5 cent bank note because Spencer M. Clark's ( the National Currency Bureua's first superintendent) portrait was on the note which was illegal due to the law that requires notable U.S. citizens on currency to be deceased for at least two years.

In September of 1883, United States Fractional Currency was replaced by postal notes. Postal notes were made for the purpose of sending amounts of money $5 or under to distant places both securely and at a low cost.

1863 CH CU 10 Cent FRACTIONAL US Bank Note FR # 1265 #1    US $89.99

1863 CH CU 25 Cent FRACTIONAL US Bank Note FR # 1309 #1    US $74.99

1863 CIVIL WAR era US 25 Cent FRACTIONAL Bank Note NICE    US $49.99

The banknotes came in many different designs and were released in $1/10, $1/2, $1, $2, $5, $10, $20, $50, $100, $500, and $1000 amounts. The bills were printed from 1861 to 1865, totaling $1.7 billion. There were 72 different types of notes printed in seven series during this time.

In the beginning, the Confederate money was admitted in the South as valuable, but as the war continued, more paper money was printed and the dates on which it able to be redeemed kept getting longer into the future. Inflation went through the roof and the money's value kept going down. It got so bad that by the end of the Civil War, the money was almost worthless.

Due to the few amount of proficient printers, engravers, and safe places to print in the South, the designs of the early Confederate currency were not correlated to each other very well. Some of the notes had pictures of greek gods and goddesses while other more southern themes showed African-American serfs, state capitols and ships, and people of historical importance, like "Stonewall" Jackson or George Washington. Other people who were pictured on later Confederate States of America money were Alexander Stephens, George Randolph, Jefferson Davis, and Lucy Pickens.

Because of banks and states being able to print their own notes and the many different variations of notes counterfeiting of Confederate currency was very common. These counterfeits were worthless at the time but now they are valuable and can be worth as much as official Confederate States of America paper money.

To prevent counterfeiting, most of the Confederate bills were hand signed by Register Robert Tyler and Treasurer Edward C. Elmore. This did not go on for long as it was impossible for both men to sign each and every note printed at the time. Instead, women were hired to sign for the Register and for the Treasurer and over time both Tyler and Elmore hired 200 women to sign the bills for them.

LOT OF TEN 1861 CONFEDERATE CSA SILVER HALF DOLLAR COPY    US $79.95

1864 10 Dollar Confederate Note ! ! ! !    US $64.95

1864 Five Dollar Confederate US ANTIQUE NOTE! NICE XF    US $22.50

The $3 bill has been released more as a practical joke to poke fun at celebrities like Bill and Hillary Clinton, Micheal Jackson, and Richard Nixon. There is a saying that goes with this, "Queer as a three dollar bill."

There was a $22 bill made by Lawrence Wagner (a.k.a. Love 22) who was a U.S. Presidential Candidate. He printed the bill because being a numerologist he believed that the number 22 was very important. The Federal Government indicted him for the crime of counterfeiting, but he was let go because technically you can not counterfeit something that doesn't exist.

In 2001 and 2003 there were two occasions where a $200 bill was used to pay for items. The one bill had a picture of President George W. Bush on the front of it.

A $1,000,000 bill does not exist now and has never existed, so the U.S. Federal Reserve allows it to be printed as a novelty. There have been times when someone has tried to deposit the bill into a bank account or use it for puchasing something.

Ray Comfort, a Christian evangelist, has a ministry called Living Waters Publications which produces fake $1,000,000 bills and fake $1,000,000,000 bills. The $1,000,000 has Rutherford B. Hayes, the 19th U.S. President, on the front of it and the $1,000,000,000 pictures the 19th British evangelist Charles Spurgeon. Both notes have gospel messages on the back of them.

20 DOLLAR UNITED STATES BILL 1934C CIRCULATED CONDITION    US $29.99

NEW Comic History of the United States - Nye, Bill    US $32.99

1917 $2 bill United States Legal tender note UNC    US $700.00

If you really take a closer look at our notes of legal tender, there’s really quite a bit going on. So the next time you’re not busy spending one—or if you have absolutely nothing else to do—grab a dollar bill from your wallet and take a good long look at it. After you read this article, you’ll finally know what all those symbols and strange words mean.

First things first, feel the money in your hands. Doesn’t really feel like paper, does it? That’s because it isn’t. Paper money isn’t really paper at all. It’s actually a linen and cotton blend—a cloth! That’s why it doesn’t fall apart when it goes through the washing machine. In fact, there are even tiny red and blue silk fibers running through each bill.

Now, take a good look at the overall design. The dollar bill we use today first was first put into circulation in 1957. The ink used for printing is made of a secret blend—one of many built-in security features used to prevent counterfeiting.

Take a look at the front first, to the right of the portrait you’ll notice a green stamp—the seal of the U.S. Treasury. It includes scales representing a balanced budget, a carpenter’s square signifying an exact cut, and a key to the Treasury itself. On the front, you’ll also notice green serial numbers, the signatures of the U.S. treasurer and secretary of the treasury at the time the bill was printed, and the seal of the mint where the bill was printed.

Now, turn the bill over. You’ll notice a circle on either side. Together, they represent the Great Seal of the United States, created by Benjamin Franklin and a group of our country’s founders in 1782. Go to the left circle first and look at the pyramid. The face is lighted while the western side remains dark. The darkness signifies the Western U.S., which had yet to be explored. The unfinished pyramid represents the untapped potential of the country, while the all-seeing eye hovering above is symbolic of a divine being overseeing mankind. In this circle, you’ll find two Latin phrases, “ANNUIT COEPTIS” (God has favored our undertaking), and “NOVUS ORDO SECLORUM” (A new order has begun).The Roman Numerals at the base of the pyramid translate to 1776.

The circle on the right might look more familiar to you. That’s because it’s prevalent on many national monuments, cemeteries, and—though slightly tailored—is also the Seal of the President of the United States. The centerpiece of the Seal is the Bald Eagle. It was selected as the official symbol of the U.S. for a couple of reasons: Though not afraid to weather a storm if he must, the eagle first looks to fly above it. Also, though it may appear so, the eagle wears no actual crown—symbolic in the country’s break from the King of England. Additionally, the eagle’s shield requires no support; it now can stand by itself.

Other details of note: the white bar on the top of the shield represents the unifying power of congress, the term “E PLURIBUS UNIM” means “one nation from many people”, and the 13 stars signify the 13 original colonies. The eagle holds an olive branch in one set of talons arrows in the other. His gaze, though fixed at the peace-representing olive branch, won’t hesitate to turn to the sling of arrows if need be.

So there you have it; all you ever wanted to know about the design ideas behind our beloved U.S. currency. Use it to enlighten guests at your next dinner party, or inform the guy at the coffee shop as you hand him a five dollar bill for that latte.

Joe Kenny writes for the Personal Loans Store, allowing visitors to compare loans and also focuses on personal loans in the UK.

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Paper money was non existent in the ancient world. Money was mostly coins made from gold or silver or other metals and the more you had, the richer you were.

In order to understand the concept behind paper money, we must look at pre-modern history.

The story of paper money started in eleventh century England. In those times, noblemen were rich and yet they were never satisfied with the amount they had. Besides having lavish life styles demands were placed upon all nobles by the king to pay royal taxes. In the days of the crusades these demands were almost unbearable. The crusades were crippling the economy.

Something had to be done to produce more money, money was power and without it, if you were a nobleman, you were nothing.

One way for nobles to raise money was to levy taxes on the inhabitants of their lands. This was a limited source of income because even if they were taxed to the maximum physically possible there was still only so much to be had.

The other way to acquire more treasure was to wage war on your neighbours, kill them and do of with their treasure. It wasn’t hard to find ligitate reasons for war in those days. Offense could be taken and honor defiled for reasons for which we would hardly even bat an eyelid at nowadays.

Noblemen began to look for ways of stopping others from doing away with their own hard plundered money.

Jews were now coming to live in England. Noblemen knew that Jews had experience in working with and guarding precious metals. The Jew was in a precarious position, he had no citizenship and few rights. By giving the Jew great responsibility he was committed to absolute loyalty.

To this end a number of specially guarded secret stongholds were set up in which to hold the funds and treasure of all the noblemen who cared to entrust it to the protective care of the Jews. Nobody dare attract these strongholds because to do so would be classed as absolute treason and the penalty for such treachery would result in the most terrible death imaginable.

For each pound’s weight of gold that a noble had in the vaults, they were issued with a paper certificate that promised to pay the bearer of that certificate the weight of one pound in gold.

Thus, the nobles could extract only as much gold as they intended to use, keeping the rest safe.

As time past these Jewish trustees realized that gold was not being reclaimed to the extent that they had originally expected. What they saw was that the bearers of the certificates were exchanging them for goods or services which they would have otherwise bought with gold or silver coins. A new method of payment was emerging.

This meant that if the gold was not being withdrawn, odds could be calculated on what the chances were that everybody would come to claim their gold at the same time. These odds varied from period to period according to various political and demographic factors and conditions but on the whole it was calculated that the odds that all gold would be reclaimed at any one specific time were about eighteen to one.

Gold and silver bullion was now becoming security for a new financial structure.

It was now possible to print more certificates that could be given on loan under the agreement that a certain level of interest would be added to the total sum to be paid back.

To the nobles and the monarchy, this was a huge benefit, it was now possible for them to think in business terms instead of being just feudal rulers.

Nobles could set up businesses with borrowed funds within their dominions and appoint people to run these businesses for them. These new businesses ranged from farms to mills to breweries and a great many other businesses.

Noblemen could now pay royal taxes from their earnings and not only through the levy of heavy taxes on constituents and waging war on other noblemen. A new order had come about in the nobility. Could it have been that this was the real reason for the writing of the Magna Carta? After all, in those days, such advancement was a good as a new world order.

The Jews who managed these systems, in time spread to many other countries and set up similar frameworks in those places. Nations protected these people with all their might. They became the very foundation of the wealth of nations. This special class of people became untouchables.

In time, those Jews who were entrusted with the wealth of nations (and indeed sill are), became the most powerful people in the world. They had the power to open and close the taps that feed economies.

Institutions were set up to deal with the withdrawal of funds so that there would be no need to deal directly with the holders of the bullion. In this way the families responsible for holding the nations wealth were able fade into a world of secrecy and virtual anonymity. These institutions are, of course, banks.

Nowadays, not all the families in the business of printing money and holding bullion are Jews. Others, by inter marrying with the Jews or by duplicating the system elsewhere have become established in the “money printing” business.

This, dear reader, is the true story behind the history of paper money.

Thought! Could this be the real reason behind modern anti-semitism? Could it be that some of those self same people who needed the help of the Jews so urgently in those troubled times resented the power that they inevitably had no option other than to hand over to their Jewish trustees?

Antisemitism has been rife throughout the cultured world throughout history but remember that the families who control the power of money have remained immune to this and rightly so. The rage of antisemitism has always fallen on Jews who are lower down on the socio-economic ladder, Jews who are merely trying to live their lives in peace and who have done nothing to deserve this hatred.

Rulers of countries of land who have traditionally kept their citizens in a state of abject squaller and poverty have systematically pointed their finger at the Jew who saved their skin by guarding their treasuries. What they hated was the fact that the Jew was the only one who could get him out of the utter state of futility that was his medieval reality.

Thus, these unscrupulous noblemen vented their frustration against their Jewish financiers by instilling hatred in the primitive minds of their subjects. The reason being that this distraction diverted the blame from them as the real cause of the hardship and misery.

In our modern times the need to print money is so great that there is only a very small fraction of the total worth of all the money in circulation that has physical gold or silver security behind it. Mostly, it is accepted to take security in the form of paper.

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However, the fact that pristine examples of colonial notes can be found in fine currency collections today suggests that someone had the need, or the foresight, to put away a little cash. And over time, these mere scraps of paper became ever more scarce. Paper money, after all, is not such a durable commodity as coinage.

As living conditions evolved, and the life of the average citizen improved, there came to be time, interest and funds for leisure time activities, hobbies such as coin and stamp collecting, and to a lesser extent, the collecting of paper money.

Today coin collectors refer to paper money enthusiasts as Rag Pickers, and worse. However, many a coin collector eventually gives in to a growing interest in paper as a relevant adjunct to his growing stash of ancient and glowing metal. Both hobbies can be wickedly expensive. Investment in a choice coin or bill can pay off rather well. Or not.

But coins and paper bills still circulate. The final victory of the credit card, and who knows what after that, has yet to be concluded. The point is, even though coins are no longer made of gold and silver, or even solid copper for that matter, all things being equal, a coin will never sink below its face value. And the same can be said for a dollar bill, or a five, ten twenty, fifty, or one hundred dollar bill. (This is not the time to discuss purchasing power. Just let it go.)

So, you get coins and paper money at face value, just by removing it from your pocket or wallet and tossing it into your dresser drawer. Or neatly tuck each into a special collector envelope, holder, or album.

When you do this, you have made a face value investment. Especially if you make the effort to acquire uncirculated specimens at your bank instead of from your pocket, you may end up guilty of a successful investment. Whether collectible coins or collectible paper currency will make the better investment is an open question. If you must choose between the two, here are two things to consider:

There are more coin collectors than paper money collectors.

Demand for coins is perhaps higher overall, but remember, there are more coins in existence. Coins tend to last. Paper money is relatively fragile. Well, so it is. A one dollar bill lasts six months in circulation on average. Then it is destroyed by the government, with the banks as its accomplices.

Do these facts influence the relative value of coins versus paper. If you answer, I need more information, you get an A for the day.

My advice? Make no decision. Just put away some nice new coins and some equally fetching uncirculated (crisp) paper money. Learn how to store each.

Save them for your grandchildren.

In twenty to fifty years they will remember you as a genius.

About The Author:

David W. Baker has collected coins and paper money since age 11 -- so, more than half a century. The present article topic is covered in greater detail on his web site at http://www.valuable-coin-stories.com/collectible-paper-currency.html

Coins have been a pleasant distraction for Dave over the years. During that time he has learned more than a bit about coin value in the marketplace. But, he would be the first to admit that his greatest pleasure with coins has been the hooks they have to history and to other areas of learning. He also says that he can never quite get beyond the feeling that, if any of his coins could talk, the stories would be priceless!

The web site, http://www.valuable-coin-stories.com is an effort on his part to build enthusiasm for coin collecting among those who, like him, may find the exposure to these artifacts of the past a source of genuine enjoyment in the present.

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When speaking about money, $1 is referred to as "a one", "a dollar", "a dollarbill", or "a buck"; $5 is "a five", "five dollars", "a five dollar bill", or "five bucks"; etc. Another way to refer to money is to call it "cash." One popular slang term for money is "cheddar." The five, ten, twenty, fifty and hundred dollar bills have recently been changed in order to provide more security features. Both the new and old versions are currently used. The one dollar bill is not being changed as it is not considered as likely to be counterfeited. Also in use but not as frequently seen are the $2, $50 and $100 bills. The two dollar bill is rare - people often collect, rather than spend, them. $50 and $100 bills are not widely used and many places may not accept them for small purchases. You probably won't ever see any larger-value denominations such as $1,000, $500, $5,000, and $10,000. People not familiar with these bills should probably not accept them, because counterfeit, or fake, currency does happen, especially in the higher and more unfamiliar denominations. Store employees may not like the use of very large bills to pay for very small items. For example, try not to use a $50 to pay for a 25¢ pack of candy! It would be better to pay with a smaller denomination or some coins. If you don't have anything smaller, it is polite to let the store worker know. US Coins The most widely used coins are the quarter, dime, nickel, and penny.

Each type of coin has a specific size and design, usually with the image of a president or other famous American person on the front. Quarters have been made with different pictures on their back sides, in honor of the 200th anniversary of the USA, and honoring each state. Coins that are rarely used include the Susan B. Anthony dollar coin, and the Kennedy half-dollar, also known as the 50-cent piece. Canadian coins are seen in the northern United States and are also available in dimes, quarters, nickels, and pennies. However, not all stores and restaurants accept them; commonly, the closer you are to Canada, the more accepted they are. Canadian coins may be accepted as equal in value to US coins, but the exchange rate usually places a higher value on the US versions, so be careful not to accept too many.

Practical use The quarter is one of the most useful coins. If you are a student, be sure to save these! They can be used in almost any coin-operated machine: clothes washers & dryers, arcade games, pay phones, and vending machines dispensing food, drinks, stamps, tickets, newspapers, etc. Quarters and nickels can usually be used in pay phones and vending machines. Many vending machines will take small bills, such as ones, fives, and tens, but the change you get back will all be in coins. Often there will be a dollar changer near coin-operated machines which dispenses quarters in exchange for small bills. One word of caution: vending machines do not take dollar coins, half-dollars, pennies, or Canadian coins. Credit or charge cards are being used more and more, even for buying small things. Many Americans don't like to carry much cash, and the cards are easy and safe to use. They are accepted almost everywhere, but not at all fast food restaurants! Traveler's checks are a good idea for visitors also. You won't have to carry large amounts of money in your pocket or purse, and the checks can be replaced if they get lost or stolen.

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The Bald Eagle was featured on front of the first Large-sized $100 United States Note released in 1862; this bill had two reverse design variations. The $100 United States Note was redesigned in 1869 with Abraham Lincoln on the front and in 1875 the back was redesigned again; it was then redesigned again in 1914 having Benjamin Franklin on the obverse and symbolic designs on the back representing work, abundance, America, peace, and business. In 1863, the first $100 Gold Certificate was released containing a bald eagle and big green 100 on the front with an orange reverse side. In 1870, the bill was redesigned to be one-sided and had Thomas Hart Benton's portrait on it; it kept Benton's picture on it when the bill was changed in 1882. James Monroe was shown on the first $100 Silver Certificate released in 1878. In 1891, the $100 Silver Certificate was redesigned and the black reverse was changed to green. The $100 bill was issued as Federal Reserve Note for the first time in the year 1914. The face contained a picture of Benjamin Franklin and the back had symbolic designs showing labor, abundance, America, peace, and trade.

In 1929, all United States bills were switched to the current size. All $100 bills had Franklin on the front and on the back, it had Independence Hall. On the $100 Federal Reserve Note, the seal and serial numbers were green and on the $100 Gold Certificate, the seal and serial numbers were a golden color. In 1966, for the first and only time, the $100 bill was released as a Small-sized United States Note. Starting in the 1990s, the $100 bill started getting changes made to prevent counterfeiting. These included a watermark, a plastic security thread, microscopic printing, and a Federal Reserve Seal replacing the Federal Reserve Bank Seal.

riotis 2257:US CHICAGO STAR NOTE $100 1969C XF+++    US $199.00

$100 1963A L San Francisco US Federal Reserve Note UNC    US $164.99

$100 1966 Red Seal US Note Legal Tender VERY RARE !    US $112.50

The first $50 bill was placed into circulation in 1862 and it was a large-sized bill. In 1869, a new $50 United States Note featuring Henry Clay and a mythical figure grasping a laurel branch on the face. This was replaced in 1874 with another $50 United States Note with Benjamin Franklin and Lady Liberty on the front of it. In 1878, Edward Everett starred on obverse of the first $50 Silver Certificate while the reverse of the bill was in black ink. This bill was revised and redesigned in both 1880 and 1891. Containing a portrait of American democratic politician, Silas Wright, on the face and a Bald Eagle sitting on top of an American flag, the first $50 Gold Certificate was released in 1882. This bill was revised in 1913 when Ulysses S. Grant' s picture appeared on the front. In 1914, the first $50 Federal Reserve Note featured Ulysses S. Grant on the front and a mythical design of Panama between an armored warship and a merchant on the back.

The design of the $50 Federal Reserve Note contained a portrait of Ulysses S. Grant on the obverse and a picture of the U.S. Capitol on the reverse, when all U.S. money was switched to its smaller, current size. The $50 Federal Reserve Note had a green seal and serial numbers, while the $50 Gold Certificate had a golden-color seal and serial numbers. As the years went by, the lay out of the $50 bill changed slightly but it kept the same basic design. In 1991, new security features such as microprinting and a plastic security strip were added. Then in later years, more security features such as a watermark and glow-in-the-dark security thread included.

1800 s $50 Gem CU New Orleans LA. Canal Bank US Note #2    US $69.99

1873 $50 Obsolete AU+ STATE OF SOUTH CAROLINA US Note 2    US $115.00

1873 $50 Obsolete AU+ STATE OF SOUTH CAROLINA US Note 3    US $115.00

In 1861, the $20 bill was released as a Large-Sized Demand Note; on the obverse was Lady Liberty with a sword and shield, and the reverse printed in green ink, is a general design, nothing special. In 1862, a very similar $20 United States Note was released with a different reverse design. The first $20 Gold Certificate was released in 1863 and had a picture of an eagle on the front and an orange back with a $20 gold coin; the $20 Gold Certificate was redesigned in 1882 with a picture of James Garfield on the obverse and the reverse was orange with an eagle on it. The $20 United States Note was redesigned in 1869; it had Andrew Jackson and the Roman goddess of victory, Victoria, holding a sword and shield, on the front of it and it had a green back design. Stephen Decatur was featured on front of the first $20 Silver Certificate, which had a black back design; the $20 Silver Certificate was released in 1886 with Daniel Manning on the front. Again, in 1905, the Gold Certificate was redesigned with George Washington on the front with an orange reverse side. The first $20 Federal Reserve Note started being issued in 1914; had both twenty-second and twenty-fourth U.S. President, Grover Cleveland, on the obverse and a steamship and steam locomotive on the reverse.

In 1928, the $20 Federal Reserve Note was changed to its smaller, current size. It was redeemable in both gold and silver. Andrew Jackson was on the front and the White House was on the back. During World War II, the$20 Federal Reserve Note was designed special to circulate on the Hawaiian Islands in case an enemy seized it, then it could claimed as worthless. The $20 Federal Reserve Note had HAWAII printed on the front and back of it and it had brown serial numbers. Over the years, the $20 bill was edited in small ways, with an updated White House picture and new treasury seal, but overall it kept the same design. Starting in the 1990's new security features were added, like microprinting, a watermark, and color-shifting ink, to prevent counterfeiting.

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