The United States $2 Bill

The United States $2 Bill is one of the smallest denominations of U.S. Paper Money. The obverse has the oldest design of any current U.S. currency and was adopted in 1929. This is a picture of the third U.S. President, Thomas Jefferson. On the reverse of the bill, the second oldest design adopted in 1976, is the painting, The Declaration of Independence by John Trumbull.

The first year that the United States $2 Bill was printed was 1862 as a Large Size Legal Tender Note. It originally had a portrait of Alexander Hamilton and then was later redesigned in 1869 with Thomas Jefferson’s picture. In 1886, the $2 Silver Certificate was issued and it had a portrait of U.S. Civil War General Winfred Scott Hancock. Over the years, the $2 Silver Certificate was redesigned and issued out. One of the most famous was the “Educational Series” Silver Certificate in 1896.

In 1929, all U.S. currency was changed to its smaller, current size and the $2 bill was kept as United States Note also known as a Legal Tender Note. The obverse had Thomas Jefferson on it and on the reverse was his home, the Monticello. On this note, the seal and serial number were both red. The $2 bills were officially discontinued in August 1966 after being changed in 1953 and 1963.

The $2 bill was redesigned and reissued as a Federal Reserve Note for the United States’ Bicentennial in 1976 ($2.00 = 200 cents). This is the same design that the current $2 bills have today.

Today, $2 bills are rarely found in circulation but are considered collectible. Collectible $2 bills include large size notes, red seal small-sized $2 Federal Reserve Notes , $2 Federal Reserve notes not put into circulation, and notes in Series 1976 $2 bills with canceled stamps.
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The United States $5 Bill

The United States $5 bill is relatively small denomination of U.S. currency. The obverse of the bill currently shows a portrait of the sixteenth President of the United States, Abraham Lincoln and the back of the bill has the Lincoln Memorial on it. The life span of a $5 bill in circulation is 16 months according to the Bureau of Engraving and Printing. $5 bills currently make up about 9% of all the paper currency printed by the Bureau of Engraving and Printing.

The first $5 bill was released in 1861 as a Large-Size Demand Note. It had a small portrait of Alexander Hamilton and rhetorical statue representing freedom on the obverse. In 1862, the $5 bill was revised on the reverse side and it was released as an United States Note. The first $5 Silver Certificate was released in 1886 with Ulysses S. Grant on the front of it and five Morgan Silver Dollars on the back. Later, in 1896, the “Educational Series” Silver Certificate was issued. In 1914, the first $5 Federal Reserve Notes were issued. These showed a portrait of Abraham Lincoln on the obverse and vignettes of Columbus sighting land and the Pilgrim’s landing on the reverse. In 1923, the $5 Silver Certificate was changed, making the words The United States of America circular around Lincoln’s picture. This bill was nicknamed a “porthole” silver certificate because of it.’

All U.S. notes became small-sized notes in 1929 under the Series of 1928. The $5 bill was released as a United States note with a red seal and serial numbers and as a Federal Reserve Note with green serial numbers and a green seal. These had Lincoln on the front and the Lincoln Memorial on the back. In 1934, the first $5 Silver Certificates were released and they had a blue seal, blue serial numbers, and blue 5 on the front. Special currency was issued for World War II so that if the enemy got a hold of the money, it could be declared as worthless. One variation of these bills had Hawaii Printed on the front and the back of the bill and the seal and serial numbers went from green to brown in color. Another variation of $5 silver certificate had a yellow seal instead of a blue seal and were for U.S. troops in North Africa. In 1967, the $5 United States Notes stopped being produced.

The $5 bill was recently redesigned and started being issued on March 13, 2008 with more and better security features to avoid counterfeiting. This includes watermarks, security thread, microprinting, Federal Reserve indicators, and a shift of the serial number placement. New design features included bigger portraits and historical pictures and The Great Seal of the United States, an eagle and a shield, is printed on the background of the bill’s obverse in purple.

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The United States $1 Bill

The U.S. $1 bill is the most common amount of United States money. It became a Federal Reserve Note in 1963. The design of the bill is the second oldest of U.S. currency currently being printed, coming short only to the United States $2 bill. The front of the bill has a painting by Gilbert Stuart of George Washington, the first U.S. president, and the reverse has a picture of the Great Seal of the United States. About 45% of all U.S. money made today are $1 bills and according to the Bureau of Engraving and Printing, the life span of a $1 bill in circulation is 21 months before it is too worn out and is replaced.

There have been two sizes of U.S. $1 bills: the large size notes and the current small size notes. The first $1 bill was issued in 1862 as a Legal Tender Note. From that time on, the $1 bill had variety of designs including the popular silver certificate, which was first issued in 1886 with Martha Washington, the first woman on U.S. currency on the front of it. The small size notes were first introduced in 1929 and it was issued as a silver certificate under the Series of 1928. Around World War II, in 1942, special issues of one-dollar bills were started. These included special $1 Silver Certificates for Hawaii in case of Japanese invasion which had Hawaii printed vertically on the left and right side with a brown seal and serial number. Another special $1 Silver Certificate for the payment of Allied troops in North Africa about to start an assault in Europe, which had a yellow seal. These two special Silver Certificates could be claimed as worthless enemy troops got a hold of them. One-dollar Federal Reserve Notes started being printed in 1963, therefore ending the production of the Silver Certificate.

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