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Individual portraits of 53 people central to the history of the United States are depicted on the country's banknotes [1] [nb 1] including presidents, cabinet members, members of Congress, Founding Fathers, jurists, and military leaders.
By law (31 U.S.C. § 5114), "only the portrait of a deceased individual may appear on United States currency". The Secretary of the Treasury usually determines which people and which of their portraits appear on the nation's currency, however legislation passed by Congress can also determine currency design. [ 1 ]
The first series of Federally-issued United States banknotes was authorized by Congressional acts on 17 July 1861 (12 Stat. 259) and 5 August 1861 (12 Stat. 313). While the Demand Notes were issued from the United States Treasury, they were engraved and printed elsewhere. In 1861, in fact until the mid-1870s, the Treasury Department lacked the ...
Large-denomination currency (i.e., banknotes with a face value of $500 or higher) [1] had been used in the United States since the late 18th century. [2] The first $500 note was issued by North Carolina , authorized by legislation dated May 10, 1780. [ 3 ]
Demand Notes are considered the first paper money issued by the United States whose main purpose was to circulate. They were made because of a coin shortage as people hoarded their coins during the American Civil War and were issued in denominations of $5, $10 and $20. They were redeemable in coin. They were replaced by United States Notes in 1862.
President of the Republic of Guatemala (1921–1926); responsible for the introduction of the quetzal as Guatemala's national currency 1 quetzal Obverse 1972 (paper), 2006 (polymer) Justo Rufino Barrios: 1835–1885 President of Guatemala (1873–1885) 5 quetzales Obverse 1969 (paper), 2011 (polymer) Miguel García Granados: 1809–1878
People Have Sued Over the ‘In God We Trust’ Motto on Currency. The motto “In God We Trust” hasn’t always been a staple on U.S. currency.It wasn’t until 1957 that it first appeared on ...
One design used for many years featured a portrait on the obverse, near the left edge, and the bank's name printed in prominent shaded type in the middle. The historical figures seen on these notes usually were different from those on the same denominations of paper currency today. Large-size notes bore two serial numbers.