NATIONAL DOLLAR DAY
National Dollar Day on August 8th commemorates the day Congress established the U.S. monetary system in 1786.
In 1862, the United States printed its first dollar bill. Do you know whose face was printed there? It wasn’t George Washington. The first dollar bill featured Salmon P. Chase, President Lincoln’s Secretary of Treasury.
More Dollar Facts
Interestingly, the dollar bill in our pockets today hasn’t been changed for more than 50 years. While the $5, $10, $20, and $50 earned redesigns in recent years, the single remains unchanged. Due to counterfeiting, redesigns keep the larger currencies ahead of counterfeiters. However, the single doesn’t face attention the more significant notes see.
Above the right number 1 on the face side of the dollar, a tiny bird peeks out. Whether it’s an owl, an eagle or another such bird is uncertain. Like other embedded items in the bill’s design, it fuels many conspiracy theories.
Speaking of conspiracy theories, the pyramid on the back fuels a few. It’s part of the Great Seal of the United States. However, the truth of the pyramid represents several things. You’ll find 13 steps on the pyramid equaling the 13 original colonies. The unfinished top represents a young country growing and expanding. Finally, the Eye of Providence includes the Latin motto Annuit Coeptis, which means, “It is favorable to our undertakings.”
The number 13 is represented on the dollar bill in several places. Do you know where else?
Opposite the pyramid is an eagle. The image represents both war and peace. In the eagle’s left talon it holds arrows and in its right an olive branch. How many arrows do you think the eagle holds? If you guessed 13, you’d be right.
Above the eagle’s head, there is a cloud with a constellation. How many stars are in the constellation? Again the number 13 is represented. The eagle includes a shield 13 stripes, too.
HOW TO OBSERVE #NationalDollarDay
Spend or save a dollar, depending on your preference. Investigate your dollar bill. Where has it been? If you have a dollar in your wallet now, you can track where it has been. Visit the website Where’s George. Enter the serial number. After you spend it, track where your dollar travels next.
Can you find all the symbols? Use #NationalDollarDay to post on social media.
NATIONAL DOLLAR DAY HISTORY
We were unable to identify the creator of National Dollar Day. However, the origins are clearly related to the establishment of the U.S. monetary system on August 8, 1786.
National Dollar Day FAQ
- Q. Whose image is on the one-dollar bill?
- A. George Washington
- Q. What can I buy for a dollar?
- A. We found a few things you can still buy for a dollar (outside a store geared toward $1 items)
Canned & Frozen Fruits & Vegetables
Lemon or lime
- Q. Was the minimum wage ever a dollar?
- A. Yes. Until September 3, 1961, the minimum wage was $1 or less. The lowest minimum wage enforced was $0.25.
- Q. What is the most collectible one-dollar bill?
- A. Rare dollar bills with repeating sequences or misprints are the most collectible.
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