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|Width||6+9⁄64 inches ≅ 156 mm|
|Height||2+39⁄64 inches ≅ 66.3 mm|
|Weight||Approx. 1  g|
|Security features||Security fibers, raised printing |
|Material used||75% cotton |
|Years of printing||1862-1966 ,|
1976 -Present (Federal Reserve Note, current form)
|Design||Trumbull's Declaration of Independence|
The United States two-dollar bill ($2) is a current denomination of United States currency. A portrait of Thomas Jefferson, the third president of the United States (1801–1809), is featured on the obverse of the note. The reverse features an engraving of the circa 1818 painting Declaration of Independence by John Trumbull.
Throughout the $2 bill's pre-1929 life as a large-sized note, it was issued as a United States Note, National Bank Note, Silver Certificate, Treasury or "Coin" Note, and Federal Reserve Bank Note. When U.S. currency was changed to its current size in 1928, the $2 bill was redesigned and issued only as a United States Note. Production continued until 1966, when United States Notes were phased out, and the $2 denomination was discontinued until 1976, when it was reissued as a Federal Reserve Note with a new reverse design.
As a result of banking policies with businesses that have resulted in low production numbers due to lack of use, two-dollar bills do not circulate as widely as other denominations of U.S. currency. This comparative scarcity in circulation, coupled with a lack of public knowledge that the bill is still in production and circulation, has also inspired urban legends about its authenticity and value and has occasionally created problems for those trying to use the bill to make purchases. The apparent scarcity of the $2 bill, in spite of its production figures, also indicates that large numbers of the notes are removed from circulation and collected by many people who believe the bill to be rarer and more valuable than it actually is. 
Authorized under an act by the United States Congress, the first two-dollar bill was issued in March 1862  and the denomination was continuously used until 1966; by that time, the United States Note was the only remaining class of U.S. currency to which the two-dollar bill was assigned. In August 1966, the Treasury Department discontinued production of the $2 and $5 denominations of United States Notes. While the $5 denomination had been issued simultaneously as a Federal Reserve Note, a United States Note and a Silver Certificate, the $2 denomination was not immediately reassigned to the Federal Reserve Note class of United States currency, thus was fully discontinued. The Treasury cited low usage of the two-dollar bill as the reason for not immediately resuming use of the denomination. Production of the two-dollar denomination was resumed in December, 1975, and the two-dollar bill was finally reissued in the spring of 1976 as a Federal Reserve Note with a new reverse design featuring John Trumbull's depiction of the drafting of the United States Declaration of Independence, replacing the previous design of Monticello. The two-dollar note has remained a current denomination of U.S. currency since that time.  As estimated at the time, if two-dollar notes replaced about half of the one-dollar notes in circulation, the federal government would be able to save about $26 million in 1976 dollars ($124 million adjusted for inflation)  over the period from 1976 to 1981, due to reduced production, storage, and shipping costs. 
However, due to their limited use, two-dollar notes are not printed as frequently in a new series as other denominations, which are produced according to demand.  Most bill acceptors found in vending machines, self checkout lanes, transit systems, and other automated kiosks are configured to accommodate two-dollar bills, even if the fact is not stated on the label.  Although they are generally available at most banks, two-dollar notes are usually not handed out except upon specific request by the customer, and may require the teller to make a trip to the vault, or order the desired amount if not present at the branch. 
Printing $2 bills is half as expensive for the government as printing $1 notes, since they both cost the same amount (6.2 cents per bill) to manufacture,  but the public has not circulated them as widely. During the Great Depression, few Americans had enough money to require $2 notes. In the middle of the 20th century, $2 bills were often used for betting on horse racing, tips at strip clubs, and allegedly for bribery when politicians were seeking votes (though this is possibly an urban legend), and supposedly acquired a negative reputation. During World War II and later, US servicemen were frequently paid with $2 bills, and as a result, the notes often were used at USO clubs, post exchanges, commissaries, and canteens.  Many people believe that the 1976 series $2 note with its unusual reverse design was a special, limited issue produced for the United States Bicentennial; this, combined with the earlier discontinuation of the denomination, gave the impression these notes might be valuable as collector's items, and contributed to hoarding. Today, the general public is still largely unfamiliar with the notes because they are not widely circulated and continue to be hoarded. 
The common misconception that the $2 note is no longer being produced also remains,  though $2 notes have been printed since 1862, except for a 10-year hiatus between 1966 and 1976. The U.S. Treasury reports that $1,549,052,714 worth of $2 bills were in circulation worldwide as of April 30, 2007. 
Unusual serial numbers (example: A11111111A) and replacement notes (known by collectors as "star notes" and designated by a star in the serial number) can raise the collector value of some bills. "Collectible" or "enhanced" two-dollar bills, commemorating America's national parks and other places, people, and events, have been made and sold by coin dealers and others in recent years merely by adding color, special graphics or color printed plastic overlays onto regular-issue $2 notes by using computer printers. The creators and marketers of many of these notes unscrupulously imply that they are authorized or issued by the federal government; however, no "collectible" or "enhanced" two-dollar bills have been authorized by the United States Treasury, the Bureau of Engraving and Printing, nor any other government agency and the bills have no value above their $2 face on the collectors' market. 
Certain conventions and tourism/convention bureaus capitalize on the scarcity of $2 notes in circulation, encouraging convention attendees and tourists to spend the bills to illustrate to the host communities the economic impact that the conventions and tourism bring. Sometimes known as "SpendTom" campaigns, the $2 bills linger in the community as a constant reminder. Some campaigns encourage people to participate in a hunt for the bills to win prizes. 
(approximately7.4218 in × 3.125 in ≅ 189 mm × 79 mm)
In March 1862, the first $2 bill was issued as a Legal Tender Note (United States Note) with a portrait of Alexander Hamilton; the portrait of Hamilton used was a profile view, different from the familiar portrait in use on the small-sized $10 bill since 1928.
By 1869, the $2 United States Note was redesigned with the now-familiar portrait of Thomas Jefferson to the left and a vignette of the United States Capitol in the center of the obverse. This note also featured green tinting on the top and left side of the obverse. Although this note is technically a United States Note, TREASURY NOTE appeared on it instead of UNITED STATES NOTE. The reverse was completely redesigned. This series was again revised in 1874; changes on the obverse included removing the green tinting, adding a red floral design around WASHINGTON D.C., and changing the term TREASURY NOTE to UNITED STATES NOTE. The 1874 design was also issued as Series of 1875 and 1878, and by 1880, the red floral design around WASHINGTON D.C. on the United States Note was removed and the serial numbers were changed to blue. This note with the red floral design was also issued as Series of 1917 but with red serial numbers by that time. 
National Bank Notes were issued in 1875 and feature a woman unfurling a flag and a large sideways '2' ("Lazy Duce") on the obverse. The reverse has the king of England smoking tobacco and an eagle with a shield.  In 1886, the first $2 silver certificate with a portrait of United States Civil War General Winfield Scott Hancock on the left of the obverse was issued. This design continued until 1891 when a new $2 Silver Certificate was issued with a portrait of U.S. Treasury Secretary William Windom in the center of the obverse.  Two-dollar Treasury, or "Coin", Notes were first issued for government purchases of silver bullion in 1890 from the silver mining industry. The reverse featured large wording of TWO in the center and a numeral 2 to the right surrounded by an ornate design that occupied almost the entire note. In 1891, the reverse of the Series of 1890 Treasury Note was redesigned because the treasury felt that it was too "busy", making it too easy to counterfeit. More open space was incorporated into the new design. 
In 1896, the "Educational Series" Silver Certificate was issued. The entire obverse of the note was covered in artwork with an allegorical figure of science presenting steam and electricity to commerce and manufacture. The reverse of the note featured portraits of Robert Fulton and Samuel F. B. Morse surrounded by an ornate design that occupied almost the entire note. By 1899, however, The $2 Silver Certificate was redesigned with a small portrait of George Washington surrounded by allegorical figures representing agriculture and mechanics.  Large-sized Federal Reserve Bank Notes were issued in 1918. Each note was an obligation of the issuing Federal Reserve Bank and could only be redeemed at the corresponding bank. The obverse of the note featured a borderless portrait of Thomas Jefferson to left and wording in the entire center. The reverse featured a World War I battleship. 
(6.14 in × 2.61 in ≅ 156 mm × 66 mm)
In 1928, when all U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. The obverse featured a cropped version of Thomas Jefferson's portrait that had been on previous $2 bills. The reverse featured Jefferson's home, Monticello. As with all United States Notes the treasury seal and serial numbers were red. The Series of 1928 $2 bill featured the treasury seal superimposed by the United States Note obligation to the left and a large gray TWO to the right. 
During the 1950s, production of $2 bills began to decrease. The relative scarcity of the notes led some to start saving any they received, with the inevitable result that the bills became less common in circulation.[ citation needed ]
In 1953, the $2 bill, along with the $5 United States Note, received minor design changes. The treasury seal was made smaller and moved to the right side of the bill; it was superimposed over the gray word TWO. The United States Note obligation now became superimposed over a gray numeral 2. The reverse remained unchanged. 
The final change to $2 United States Notes came in 1963 (as Series 1963) when the motto IN GOD WE TRUST was added to the reverse over the Monticello.  Further, because silver certificates were soon to be no longer redeemable in silver, WILL PAY TO THE BEARER ON DEMAND was removed from the obverse. In August 1966, the $2 and $5 denominations of United States Notes were officially discontinued, though they both remain legal tender.
On November 3, 1975, Secretary of the Treasury William E. Simon announced the reissuance of the $2 note as a cost-saving measure; the new $2 notes would be available from banks on April 13, 1976, Thomas Jefferson's birthday.  Series 1976 $2 bills were partially redesigned and reissued as a Federal Reserve Note. The note retains the same portrait of Jefferson, and the basic design of the obverse remains unchanged since 1928. The treasury seal and serial numbers are printed in green ink, replacing the red used on the previous United States Note. Since the reintroduction of the note coincided with the United States Bicentennial, it was decided to use a bicentennial-themed design on the reverse. The bill was not issued specifically to celebrate the bicenntenial, as is widely assumed. An engraved rendition (not an exact reproduction) of John Trumbull's Declaration of Independence replaced Monticello on the reverse. First-day issues of the new $2 bills could be taken to a post office and stamped with the date "APR 13 1976". The BEP produced a total of 590,720,000 notes from Series 1976, the final run printed in 1978.
Currently, stamped Series 1976 $2 notes typically trade for about twice their face value. If the bills were stamped in a city with an unusual name, the value may be slightly higher. However, no first-day-issued 1976 $2 bills with postage stamps are especially rare or valuable.
Despite their age, crisp, uncirculated Series 1976 $2 notes are not uncommon and are not particularly valuable. More than half a billion series 1976 $2 notes were printed and a very large number were saved and hoarded upon their original issue. A typical, single uncirculated 1976 $2 bill is worth only slightly above $2 face value. An average circulated Series 1976 note has no additional value above its $2 face.
In 1996 and 1997, 153,600,000 bills were printed  as Series 1995 for the Federal Reserve District of Atlanta. Beginning with Series 1995, all $2 notes have been produced at the Western Currency Facility in Fort Worth, Texas. In 2004, 121,600,000 of the Series 2003 bills were printed for the Federal Reserve District of Minneapolis. An issue of Series 2003A $2 bills was printed from July to September 2006 for all twelve Federal Reserve Banks. In all, 220,800,000 notes were printed. 
In February 2012, the BEP printed 512,000 Series 2009 $2 Star Notes, in anticipation of more regular runs being printed later in 2012. Series 2009 $2 bills were issued to banks during the autumn of 2012.  
In November 2013, the BEP began printing Series 2013 $2 notes for the Federal Reserve Bank of Atlanta; these notes entered circulation in early 2014. A total of 44,800,000 notes were ordered for fiscal year 2014, which ran from October 2013 through September 2014.  Series 2017A $2 notes were first issued to banks in December 2019.
|Type||Series||Register α||Treasurer α||Seal α||Notes|
|Legal Tender Note||1862||Lucius E. Chittenden||F. E. Spinner||Small Red w/rays||Also called a "Greenback".|
|Legal Tender Note||1869||John Allison||F. E. Spinner||Large Red||Nicknamed: "Rainbow Note" from its|
red, white, and blue colors. 
|Legal Tender Note||1874||John Allison||F. E. Spinner||Small Red w/rays|
|Legal Tender Note||1875||John Allison||New & Wyman||Small Red w/rays|
|Legal Tender Note||1878||Allison & Scofield||James Gilfillan||Small Red w/rays||Scofield/Gilfillan combo is scarce|
|Legal Tender Note||1880||Scofield, Bruce,|
Rosecrans, and Tillman
|Gilfillan, Wyman, Huston,|
Nebeker, and Morgan
Small Red scalloped
|Legal Tender Note||1917||Teehee, Elliott,|
|John Burke & White||Small Red scalloped|
|National Bank Note||Original||Colby, Jeffries, and Allison||F. E. Spinner||Small Red w/rays||Jeffries/Spinner combo is very rare|
|National Bank Note||1875||Allison & Scofield||New, Wyman, and Gilfillan||Small Red scalloped||Nicknamed: "Lazy Deuce" along with|
the original series from the position
of the "2" on the note. 
|Silver Certificate||1886||William S. Rosecrans||Jordan, Hyatt, and Huston||Large Brown/Red|
Small Red scalloped
|Silver Certificate||1891||William S. Rosecrans||Benjamin Harrison||Large Red|
|Silver Certificate||1891||Rosecrans & Tillman||Nebecker & Morgan||Small Red scalloped|
|Silver Certificate||1896||Tillman & Bruce||Morgan & Roberts||Small Red w/rays||Part of the "Educational Series".|
|Silver Certificate||1899||Lyons, Vernon, Napier,|
Parker, Teehee, Elliott,
|Roberts, Treat, McClung,|
Thompson, Burke, and White
|Treasury Note||1890||William S. Rosecrans||Huston & Nebecker||Large Brown |
& Small Red scalloped
|Treasury Note||1890||William S. Rosecrans||Benjamin Harrison||Large Red|
|Treasury Note||1891||Rosecrans, Tillman, and Bruce||Nebecker, Morgan, and Roberts||Small Red scalloped|
|Federal Reserve Bank Note||1918||Teehee & Elliott||John Burke||Blue||Nicknamed: "Battleship note" from|
the reverse design. 
|Type||Series||Treasurer α||Secretary α||Seal||year(s) of issue|
|Legal Tender Note||1928||Tate||Mellon||Red|
|Legal Tender Note||1928A||Woods||Mellon||Red|
|Legal Tender Note||1928B||Woods||Mills||Red|
|Legal Tender Note||1928C||Julian||Morgenthau||Red||sometime in 1934-1945|
|Legal Tender Note||1928D||Julian||Morgenthau||Red||sometime in 1934-1945|
|Legal Tender Note||1928E||Julian||Vinson||Red|
|Legal Tender Note||1928F||Julian||Snyder||Red|
|Legal Tender Note||1928G||Clark||Snyder||Red|
|Legal Tender Note||1953||Priest||Humphrey||Red|
|Legal Tender Note||1953A||Priest||Anderson||Red|
|Legal Tender Note||1953B||Smith||Dillon||Red|
|Legal Tender Note||1953C||Granahan||Dillon||Red|
|Legal Tender Note||1963||Granahan||Dillon||Red|
|Legal Tender Note||1963A||Granahan||Fowler||Red|
|Federal Reserve Note||1976||Neff||Simon||Green|
|Federal Reserve Note||1995||Withrow||Rubin||Green|
|Federal Reserve Note||2003||Marin||Snow||Green|
|Federal Reserve Note||2003A||Cabral||Snow||Green|
|Federal Reserve Note||2009||Rios||Geithner||Green|
|Federal Reserve Note||2013||Rios||Lew||Green|
|Federal Reserve Note||2017A||Carranza||Mnuchin||Green|
A chronological display of the American two-dollar bill.
Because $2 bills are uncommon in daily use, their use can make a particular group of spenders visible. A documented case of using two-dollar bills to send a message to a community is the case of Geneva Steel and the communities in the surrounding Utah County. In 1989, Geneva Steel paid its employee bonuses in $2 bills. When the bills began to appear in different places, people recognized the importance of the company to the local economy. 
Use of the $2 bill is also being suggested by some gun rights activists to show support for Second Amendment rights, particularly at stores that allow open carry or concealed carry of weapons on their premises.  Two-dollar notes have also seen increased usage in situations where tipping is encouraged, especially in gentlemen's clubs. This is due to the idea that tips will increase because of the ease of use of a single, higher-denomination bill as the lowest common note in use. 
The use of the $2 bill is popular among fans and alumni of Clemson University, who often bring notes with them when traveling to university athletic events in other localities as a demonstration of their economic impact in an area. The idea was first popularized in 1977 when Georgia Tech had threatened to no longer play the Tigers in football and has since caught on as a token of fandom when traveling to other locations. Fans will often stamp an orange tiger paw (Clemson's logo) on the note as a sign of its origin. 
During the 1930s, the $2 bill was often used at East Coast horse race tracks to make a bet. Because of the German and Jewish influence, the bill was locally known in parts of New Jersey as a "zwei-buck", and the upper right corner "2" was sometimes torn off to increase the luck.[ citation needed ]
As of October 2013,  MetroBuses in Greater St. Louis do not accept $2 bills. 
In recent years, some individuals have become 'ambassadors' for the two-dollar bill in an effort to popularize its use in everyday transactions by using them as often as possible, adding large numbers of the notes into circulation in the process.  
The relative scarcity of the $2 bill in everyday circulation has led to confusion at points of sale, as well as overreaction by merchants and even attempted prosecution of the individual trying to tender the bill.
In 2005, a man in Baltimore, Maryland, was jailed for attempting to use $2 bills that the store and local police incorrectly thought were counterfeit because of smeared ink on some of the bills. 
In 2016, a 13-year-old girl in Texas was detained by police for attempting to use a $2 bill to pay for lunch in her school's cafeteria. The bill, a series 1953 red seal, while still legal tender, was old enough that the school's counterfeit pen would not work on it,  as the chemical properties of the paper used for United States currency prior to 1960 are such that a counterfeit pen is unable to prove whether or not the bill is genuine. 
Alongside other denominations, uncut currency sheets of $2 bills are available from the Bureau of Engraving and Printing. Some of the recent $2 uncut sheets from Series 1995 and Series 2003 have been collectibles as they come from special non-circulation printings. Most of the Series 1995 $2 uncut sheets had a higher suffix letter in the serial number than regular circulation $2 bills.[ original research? ]
In late 1999, to celebrate the new millennium, a unique run of 9,999 Series 1995 $2 star notes were printed for all twelve Federal Reserve Banks; the initial printing of Series 1995 $2 notes for circulation was for the Atlanta district (F) only. Uncut $2 sheets from Series 2003 were printed for the Boston (A), New York (B), Atlanta (F), Chicago (G), Minneapolis (I), and Dallas (K) Federal Reserve districts; notes from the Minneapolis district were the only ones released for circulation. Uncut sheets of Series 2003A have also been produced, although in this case circulating currency for all twelve districts has also been made. All $2 notes beginning with Series 1995 have been printed in the BEP facility in Fort Worth, Texas, (indicated by "FW" preceding the face plate number on the obverse of the note).    Uncut sheets of $2 bills are available in various sizes. A 32-subject sheet, which is the original-size sheet on which the notes are printed, is available. Other sheet sizes available have been cut from the original 32-subject sheet. These include half (sixteen-note), quarter (eight-note), and eighth (four-note) sheets for $2 bills. Uncut sheets are sold for more than their respective face values.  Uncut sheets of large size notes (issued before 1928) also exist, but are extremely rare. 
The Kwacha is the currency of Zambia. It is subdivided into 100 Ngwee.
Federal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States.
A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for 109 years, they were issued for longer than any other form of U.S. paper money. They were known popularly as "greenbacks", a name inherited from the earlier greenbacks, the Demand Notes, that they replaced in 1862. Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat currency. During the early 1860s the so-called second obligation on the reverse of the notes stated:
This Note is a Legal Tender for all debts public and private except Duties on Imports and Interest on the Public Debt; and is receivable in payment of all loans made to the United States.
The United States five-dollar bill ($5) is a denomination of United States currency. The current $5 bill features a portrait of Abraham Lincoln, the 16th U.S. president (1861-1865), on the front and the Lincoln Memorial on the back. All $5 bills issued today are Federal Reserve Notes.
The United States ten-dollar bill ($10) is a denomination of U.S. currency. The obverse of the bill features the portrait of Alexander Hamilton, who served as the first U.S. Secretary of the Treasury. The reverse features the U.S. Treasury Building. All $10 bills issued today are Federal Reserve Notes.
The United States twenty-dollar bill ($20) is a denomination of U.S. currency. A portrait of Andrew Jackson, the seventh U.S. president (1829–1837), has been featured on the obverse of the bill since 1928; the White House is featured on the reverse.
The United States fifty-dollar bill ($50) is a denomination of United States currency. The 18th U.S. president (1869-1877), Ulysses S. Grant, is featured on the obverse, while the U.S. Capitol is featured on the reverse. All current-issue $50 bills are Federal Reserve Notes.
The United States one-hundred-dollar bill ($100) is a denomination of United States currency. The first United States Note with this value was issued in 1862 and the Federal Reserve Note version was launched in 1914, alongside other denominations. Statesman, inventor, diplomat, and American founding father Benjamin Franklin has been featured on the obverse of the bill since 1914. On the reverse of the banknote is an image of Independence Hall in Philadelphia, which has been used since 1928. The $100 bill is the largest denomination that has been printed and circulated since July 13, 1969, when the larger denominations of $500, $1,000, $5,000, and $10,000 were retired. As of December 2018, the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.
Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have only been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.
The United States one-dollar bill (US$1), sometimes referred to as a single, has been the lowest value denomination of United States paper currency since the discontinuation of U.S. fractional currency notes in 1876. An image of the first U.S. president (1789–1797), George Washington, based on the Athenaeum Portrait, a 1796 painting by Gilbert Stuart, is currently featured on the obverse, and the Great Seal of the United States is featured on the reverse. The one-dollar bill has the oldest overall design of all U.S. currency currently being produced. The obverse design of the dollar bill seen today debuted in 1963 when it was first issued as a Federal Reserve Note.
Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value of silver dollar coins and later in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value and thus are still an accepted form of currency.
Gold certificates were issued by the United States Treasury as a form of representative money from 1865 to 1933. While the United States observed a gold standard, the certificates offered a more convenient way to pay in gold than the use of coins. General public ownership of gold certificates was outlawed in 1933 and since then they have been available only to the Federal Reserve Banks, with book-entry certificates replacing the paper form.
Counterfeiting of the currency of the United States is widely attempted. According to the United States Department of Treasury, an estimated $70 million in counterfeit bills are in circulation, or approximately 1 note in counterfeits for every 10,000 in genuine currency, with an upper bound of $200 million counterfeit, or 1 counterfeit per 4,000 genuine notes. However, these numbers are based on annual seizure rates on counterfeiting, and the actual stock of counterfeit money is uncertain because some counterfeit notes successfully circulate for a few transactions.
National Bank Notes were United States currency banknotes issued by National Banks chartered by the United States Government. The notes were usually backed by United States bonds the bank deposited with the United States Treasury. In addition, banks were required to maintain a redemption fund amounting to five percent of any outstanding note balance, in gold or "lawful money." The notes were not legal tender in general, but were satisfactory for nearly all payments to and by the federal government.
The history of the United States dollar began with moves by the Founding Fathers of the United States of America to establish a national currency based on the Spanish silver dollar, which had been in use in the North American colonies of the United Kingdom for over 100 years prior to the United States Declaration of Independence. The new Congress's Coinage Act of 1792 established the United States dollar as the country's standard unit of money, creating the United States Mint tasked with producing and circulating coinage. Initially defined under a bimetallic standard in terms of a fixed quantity of silver or gold, it formally adopted the gold standard in 1900, and finally eliminated all links to gold in 1971.
A Demand Note is a type of United States paper money that was issued from August 1861 to April 1862 during the American Civil War in denominations of 5, 10, and 20 US$. Demand Notes were the first issue of paper money by the United States that achieved wide circulation and they are still in circulation today, though they are now extremely rare. The U.S. government placed the Demand Notes into circulation by using them to pay expenses incurred during the Civil War including the salaries of its workers and military personnel.
The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the Civil War progressed and victory for the South seemed less and less likely, its value declined. After the Confederacy's defeat, its money had no value, and both individuals and banks lost large sums.
Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low-denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods. The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution.
The United States dollar is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color.