Search This Blog

Sunday 26 October 2014

Dollar

In the 1700’s, you could sell a fresh deerskin of a buck for one dollar – hence, the term “buck.”

New Orleans businessman Oliver Pollock created the dollar symbol ($) in 1778 by adding a vertical line through a capital "S."

The dollar was unanimously chosen as the official currency for the United States on July 6, 1785.

President Andrew Jackson, who appears on the U.S. twenty-dollar bill, was hugely opposed to paper money.

The United States $500, $1,000, $5,000 and $10,000 bills were officially withdrawn from circulation in 1969.

The dollar bill has been the same since 1929. The reason is that the government thinks no one would take the trouble of counterfeiting such a low denomination currency and hence it does not need the fancy updates or security features seen in the higher value currencies.

The US dollar is the official currency of Ecuador, El Salvador and Panama.

There are 293 ways to make change for a dollar.


Iron ink is used when printing dollar bills. When a cashier uses their special marker to validate the bill, it reacts to the iron in the ink, turning yellow. If a bill is counterfeit, there will be no iron in the ink, and the marker will turn it black.

There are 11 lampposts and four vehicles on the back of a $10 bill.

A stack of one million U.S. one-dollar bills is 361 ft high and weighs exactly a ton.

$1 coins exist but have not gained popularity due to it weighing more than a $1 bill. Adoption would save taxpayers $4.4 billion due to its durability over paper/cotton bills.

It takes about 4000 double folds before a U.S. dollar bill will tear.

No comments:

Post a Comment