United States one-dollar bill in the context of "Federal Reserve Notes"

⭐ In the context of Federal Reserve Notes, a United States one-dollar bill’s value is ultimately supported by…

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⭐ Core Definition: United States one-dollar bill

The United States one-dollar bill (US$1), sometimes referred to as a single, has been the lowest value denomination of United States paper currency since the discontinuation of U.S. fractional currency notes in 1876. An image of the first U.S. president (1789–1797), George Washington, based on the Athenaeum Portrait, a 1796 painting by Gilbert Stuart, is currently featured on the obverse, and the Great Seal of the United States is featured on the reverse. The one-dollar bill has the oldest overall design of all U.S. currency currently in use. The reverse design of the present dollar debuted in 1935, and the obverse in 1963 when it was first issued as a Federal Reserve Note (previously, one-dollar bills were Silver Certificates). The current US two-dollar bill has the oldest obverse design, dating from 1928.

A dollar bill is composed of 25% linen and 75% cotton. That blend makes the notes more difficult to counterfeit compared to paper (as well as increasing its durability). As of December 31, 2018, the average life of a dollar bill in circulation is 6.6 years before it is replaced due to wear. Approximately 42% of all U.S. currency produced in 2009 were one-dollar bills. As of December 31, 2019, there were 12.7 billion one-dollar bills in circulation worldwide. An engraver at the US Bureau of Engraving and Printing, George Frederick Cumming Smillie, made an etching of a painting of George Washington by Gilbert Stuart which was used on multiple banknotes. A vignette of the portrait appears on the one dollar bill of 1899, and on notes since 1918.

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United States one-dollar bill in the context of Federal Reserve Note

Federal Reserve Notes are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing, within the Department of the Treasury, produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States.

Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. The notes are backed by financial assets that the Federal Reserve Banks pledge as collateral, which are mainly Treasury securities and mortgage agency securities that they purchase on the open market by fiat payment.

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United States one-dollar bill in the context of Eye of Providence

The Eye of Providence or All-Seeing Eye is a symbol depicting an eye, often enclosed in a triangle and surrounded by rays of light or a halo, intended to represent Providence, as the eye watches over the workers of mankind. A well-known example of the Eye of Providence appears on the reverse of the Great Seal of the United States, which is depicted on the United States one-dollar bill.

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United States one-dollar bill in the context of Dollar coin (United States)

The dollar coin is a United States coin with a face value of one United States dollar. Dollar coins have been minted in the United States in gold, silver, and base metal versions. Dollar coins were first minted in the United States in 1794.

Dollar coins have almost never been popular in circulation since their inception. Despite efforts by the U.S. government to promote their use to save the cost of printing one dollar bills, the Anthony Dollar, the Sacagawea Dollar and the Presidential Dollar Series are all seldom seen in circulation, since most Americans prefer to use the dollar bill. For this reason, since December 11, 2011, the Mint has not produced dollar coins for general circulation, and all dollar coins produced after that date have been specifically for collectors. These collector coins can be ordered directly from the Mint, while pre-2012 circulation dollars can be obtained from most U.S. banks.

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United States one-dollar bill in the context of Whip

A whip is a blunt weapon or implement used in a striking motion to create sound or pain. Whips can be used for flagellation against humans or animals to exert control through pain compliance or fear of pain, or be used as an audible cue through the distinct whipcrack effect. Whips are commonly used on horses to give subtle cues as tapping. The portion used for striking is generally either a firm rod designed for direct contact, or a flexible line requiring a specialized swing. The former is easier and more precise, the latter offers longer reach and greater force. Some varieties, such as a hunting whip or lunge whip, have an extended stock section in addition to the line.

Whips such as the "cat o' nine tails" and knout are specifically developed for corporal punishment or torture on human targets. Certain religious practices and BDSM activities involve the self-use of whips or the use of whips between consenting partners. Misuse on animals may be considered animal cruelty, and misuse on humans may be viewed as assault.

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United States one-dollar bill in the context of Great Seal of the United States

The Great Seal of the United States is the seal of the United States. The phrase is used both for the impression device itself, which is kept by the United States secretary of state, and more generally for the impression it produces. The obverse of the Great Seal depicts the national coat of arms of the United States while the reverse features a truncated pyramid topped by an Eye of Providence. The year of the U.S. Declaration of Independence, 1776, is noted in Roman numerals at the base of the pyramid. The seal contains three Latin phrases: E Pluribus Unum ("Out of many, one"), Annuit cœptis ("He has favored our undertakings"), and Novus ordo seclorum ("A new order of the ages").

Largely designed by Charles Thomson, then secretary of the Continental Congress, and William Barton, and first used in 1782, the seal is used to authenticate certain documents issued by the federal government of the United States. Since 1935, both sides of the Great Seal have appeared on the reverse of the one-dollar bill. The coat of arms is used on official documents—including United States passports—military insignia, embassy placards, and various flags. The seal of the president of the United States is directly based on the Great Seal, and its elements are used in numerous government agency and state seals.

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United States one-dollar bill in the context of Large denominations of United States currency

Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.

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United States one-dollar bill in the context of Athenaeum Portrait

The Athenaeum Portrait, also known as The Athenaeum, is an unfinished painting by Gilbert Stuart of United States President George Washington. Created in 1796, it is Stuart's most notable work. The painting depicts Washington at age 64, about three years before his death, on a brown background. It served as the model for the engraving that would be used for Washington's portrait on the United States one-dollar bill.

A corresponding portrait of Martha Washington is also known as the Athenaeum Portrait, and is exhibited near the painting of her husband at the Boston Museum of Fine Arts and the National Portrait Gallery, Washington, D.C.

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