1-888-998-3948


Monday, July 15, 2019

5 Currency Facts You Probably Didn't Know About the US $1 Dollar Bill

5 Currency Facts You Probably Didn't Know About the US $1 Dollar Bill

OnlineFXOrdering foreign currency online is easy with OnlineFX.

ORDER FOREIGN CURRENCY

 

 

No Facelifts Needed for Old George

The US dollar’s design has remained unchanged since 1963. Most banknotes get redesigned when they have a lot of counterfeits in circulation. Since the dollar bill is rarely counterfeited, the US government doesn’t see a need to give Old George a face lift. On a side note, if you ever find yourself questioning the legitimacy of any banknote here's what to do if you receive counterfeit currency.

Durable, for the Most Part

While the dollar bill is not your average piece of paper (it’s actually made of cotton and linen), it still suffers from your normal wear and tear. After about 5.8 years, most dollars find their way back into our lives in a way you may not expect.

 

Your House May Literally be Made of Money

This leads to our third fact about the $1 bill. Yes, your house may literally be made of money. According to Moneywise.com, “The Fed sometimes sells shredded bills to companies that use them in building materials. Recycled currency may be in the shingles on your roof or the insulation in your walls.” 

It Wasn't Always Washington

Believe it or not, George Washington wasn’t always the $1 bill’s figurehead. That honor originally went to our country’s first secretary of the treasury, Salmon P. Chase - also who Chase Bank is named after. Washington’s face didn’t make it on the dollar bill until 1869, under President Lincoln.

Two Halves Equal a Whole

Yeah, it really does work like that! If you find that you’ve come across a dollar that’s in two pieces - ripped in half or even into fourths - you can actually submit the pieces of the bill to the US Bureau of Engraving and Printing, they can exchange it for you at its full value. Don't believe us? Check out 20 shocking facts about one dollar bill that'd make you question everything

Get more foreign currency (FX) news >

Subscribe now to CXI's newsletters >

 

About Currency Exchange International
Currency Exchange International, CXI, is the leading provider of comprehensive foreign exchange services, risk management solutions and integrated international payments processing technology in North America. CXI’s relationship-driven approach ensures clients receive tailored solutions and world-class customer service. Through innovative and trusted FX software platforms, CXI delivers versatile foreign exchange services to our clients, so that they can efficiently manage and streamline their foreign currency and global payment needs. CXI is a trusted partner among financial institutions, corporations and retail markets around the world. To learn more, visit: www.ceifx.com

Disclaimer: All product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, logos, and brands does not imply endorsement.
Posted By Mandee Myers at 12:00 PM
comments powered by Disqus

Platinum Passport

Travelers: Never miss a thing and be the first to know about CXI branch promotions, travel tips and hot trends.

Currency Insider

Corporations & Financial Institutions: Want to get ahead of the curve for the upcoming week? Get CXI's currency market trend analysis sent directly to your inbox weekly.