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Year | Equivalent buying power | Year | Equivalent buying power | Year | Equivalent buying power |
$ 1.00 | $ 0.62 | $ 0.20 | |||
$ 0.59 | $ 0.79 | $ 0.10 | |||
$ 0.89 | $ 0.89 | $ 0.06 | |||
$ 0.64 | $ 0.96 | $ 0.05 | |||
$ 0.66 | $ 0.85 | $ 0.04 | |||
$ 0.69 | $ 0.39 | $ 0.04 | |||
$ 0.88 | $ 0.47 | $ 0.04 | |||
$ 0.94 | $ 0.56 | $ 0.34 | |||
$ 1.03 | $ 0.33 | $ 0.35 | |||
$ 0.97 | $ 0.26 |
US Dollar Bills
The dollar (currency code USD) is the unit of currency of the United States. It is normally abbreviated as the dollar sign, $, USD, or as US$ to distinguish it from other dollar-denominated currencies and from others that use the $ symbol. The U.S. dollar is divided into 100 cents.
Adopted by the Congress of the Confederation of the United States on July 6, 1785, the U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity.
In 1995, over US $380 billion were in circulation, two-thirds of which was outside the United States. By 2005, that figure had doubled to nearly $760 billion, with an estimated half to two-thirds being held overseas, representing an annual growth rate of about 7.6%. However, as of December 2006, the dollar was surpassed by the euro in terms of combined value of cash in circulation. The value of euro notes in circulation had risen to more than €610 billion, equivalent to US$802 billion at the exchange rates at the time.
One dollar bill The currently produced U.S. $1 Federal Reserve Note
Obverse: President George Washington
Reverse: Great Seal of the United States and the heraldic Bald Eagle
The United States one dollar bill ($1) is a denomination of U.S. currency. The first president, George Washington, painted by Gilbert Stuart, is currently featured on the obverse, while the Great Seal of the United States is featured on the reverse.
The one dollar bill has the oldest design of all U.S. currency currently being produced. The obverse debuted in 1963 when the $1 bill first became a Federal Reserve Note and the reverse debuted in 1935.
An individual dollar bill is also less formally known as a one, a buck, a single, a smackeroo, a clam, a simoleon, a bone, a greenback, a bill, a dead president, a paper, or a dollar.
The Bureau of Engraving and Printing says the "average life" of a $1 bill in circulation is 21 months before it is replaced due to wear. Approximately 45% of all U.S. currency produced today are one dollar bills.
All $1 bills produced today are Federal Reserve Notes. One dollar bills are delivered by Federal Reserve Banks in blue straps.
Two dollars bill The currently produced U.S. $2 Federal ReserveNote
Obverse: President Thomas Jefferson
Reverse: Declaration of Independence, 1776
The United States two-dollar bill ($2) is a current denomination of U.S. currency. Former U.S. President Thomas Jefferson is featured on the obverse of the note. The painting The Declaration of Independence by John Trumbull is featured on the reverse. The design on the obverse (excluding the elements of a Federal Reserve Note) is the oldest of all current U.S. currency having been adopted in 1929; the reverse is the second oldest design having been adopted in 1976.
In spite of its relatively low value among denominations of U.S. currency, the two-dollar bill is one of the most rarely-seen in circulation and actual use. They are almost never given as change for commercial transactions, and thus consumers rarely have them on hand. Indeed, many cash register drawers have slots for ones, fives, tens, and twenties, but not twos. Production of the note is quite low; approximately 1% of all notes currently produced are $2 bills. This comparative scarcity in circulation has led to an overall lack of public knowledge of the $2 bill and has also inspired urban legends and folk beliefs concerning it. (See below.)
Throughout the $2 bill's pre-1928 life as a large-sized note, it was issued as a United States Note, Silver Certificate, Treasury or "Coin" Note, and a Federal Reserve Bank Note. When U.S. currency was changed to its current size, the $2 bill was issued only as a United States Note. After United States Notes were discontinued, the $2 bill later began to be issued as a Federal Reserve Note.
Five dollars bill The currently produced U.S. $5 Federal Reserve Note.
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Continental currency | | | Five dollar bills are delivered by Federal Reserve Banks in red straps. |