The designs on US coins have changed a lot over the years

There have been many versions of US banknotes throughout history

From the Civil War to the present day, the US has gone through many, many versions of paper money (or “notes”). Some notes, like “demand notes,” were created to finance the Civil War. Others, like “treasury notes,” helped pay for silver.

The US has used a wide variety of different currencies between the 1690s and today

From colonial money to national banknotes, people have used all kinds of forms of currency throughout the history of the United States before settling on the dollar bills and quarters that we pay for things with today.

In 1792, Congress established the first national mint to produce all the coins in the US

At the same time, the US also started producing the dollar, its first official currency. The US Mint has since issued coins throughout the country.

Throughout most of the 1800s, US currency was backed by silver and gold

In post-Civil War America, the government moved to use only the gold standard. This was how US currency was backed for decades in the US. You can read a comprehensive explainer on the gold standard and its history in the US to learn more.

The US Mint created a video to show kids how coins are made

The video, made simple for children (or anyone who wants an easy-to-understand 101 video about the process coins go through to get in your wallet), outlines the entire process that a coin goes through in its lifetime, from Congress voting on new coins, to how coins are stamped, to their journey to a Reserve Bank.

Each design detail on the US $1 bill has significance

The eye in the triangle floating above the pyramid, for instance, is “the Eye of Providence watching over and ensuring the endurance of the structure of the American government.” This article details every design choice’s significance on the dollar—and a few conspiracies around these choices as well.

Some coin denominations have ridges on their sides in part to prevent counterfeiting.

The portrait of George Washington was first placed on the one-dollar bill in 1869

Trace the history of the US dollar from its colonial roots to its adoption as the national currency. The video explores the word's Germanic origins, how the dollar sign evolved from the Spanish peso, and how Washington's portrait came to define US paper currency.

The US developed a coin circulation problem in 2020

As people reduced the frequency with which they paid for things in cash and change during the COVID-19 pandemic, opting for tap-to-pay systems or online shopping instead, the number of coins in circulation decreased. Those who did make cash purchases were more likely to keep their change at home rather than use it on a subsequent purchase.

How US currency is issued

Cash in the US is the result of a collaborative process between the Federal Reserve, the Treasury Department, regional banks, and a little-known agency called the Bureau of Engraving and Printing. From design to issuance, learn the steps in currency production in the US with this smart, aesthetic interactive.

The Mint’s first circulating coins were 11,178 copper cents

Congress authorized the first national mint in Philadelphia. The next year, the Mint delivered its first circulating coins, which were bigger than today’s quarters. This article shows more early US currency.

Before the US Mint, people made currency in private mints

Around the year 1652, New England coinage was created at private mints. Historically, private mints were often located in places where governments did not meet the demand for currency. This article dives into the history of private mints, including the ones people can still visit today.

During the Civil War, the US government printed paper money for the first time

Those original paper bills were called “greenbacks” or “demand notes.” Since then, paper money has evolved with different designs, names, and values. Today, it is solely issued by the Bureau of Engraving & Printing.

‘Mint marks’ are tiny letters on US coins that correspond to which mint location created them

As more mint branches opened up after Philadelphia (the first mint location), these “mint marks” helped hold each branch responsible for the quality of the coin. A coin minted in Philadelphia, for instance, would have the letter “P” on it. Some mint marks are extremely rare, making coins displaying them particularly valuable to collectors.

Harriet Tubman will be featured on the $20 bill in 2028

While the face of money is changing, most of the historical figures that grace US currency haven’t changed in a long time. From President George Washington on the $1 bill and quarter to President Abraham Lincoln on the penny and $5 bill, this article details all the people you can find on your cash.

Hamilton has appeared on US paper currency since the Civil War

Since the US began printing money in 1861, Alexander Hamilton has appeared at different times on the $5, $2, $20, $50, $500, and $1000 bills. Since 1928, he has remained on the $10 bill—making him, alongside Benjamin Franklin, one of the two non-presidents currently on US currency.

The US Currency Education Program created a guide to authenticating currency

This video was created to teach everyday people a few easy ways to spot some counterfeit banknotes. Specifically, it outlines the main security features to check for that are common across many US banknotes, such as the color-shifting ink visible when tiling US banknotes $10 or higher.

The 6 US Mint locations across the country work together to create America’s coins and more

While the US Mint at Denver makes circulating and collectible coins, the US Bullion Depository at Fort Knox stores much of the country's gold. Other locations include the San Francisco Mint, the Philadelphia Mint, the headquarters of the US Mint in Washington, DC, and the West Point Mint.

The US dollar is the official currency of the United States and is the most circulated currency around the world

The US dollar was established in 1792 and comes in the form of coins or paper money. It's considered one of (if not the most) stable currencies in the world due to America’s strong and robust economy, as well as its relatively stable government.

A live bald eagle named Peter once lived at the Philadelphia Mint, the place responsible for producing circulating US coins.

Every printed bill has its own unique serial number

In the US, each bill also has its own plate number, series year, Treasury seal, and more. Each design helps track money and combat counterfeiting.

Colonial Americans used tobacco, wampum, and land-backed notes to solve a chronic coin shortage

British coins rarely circulated in the colonies due to an unfavorable trade balance, forcing colonists to improvise. They traded in Spanish dollars, Native American shells, tobacco warehouse receipts, and eventually paper money backed by land rather than gold.

22 fascinating discoveries of massive gold coin hoards

The gallery highlights major gold coin treasures from ancient to modern times, from the Saddle Ridge hoard in California in the 1800s (now worth $10M) to finds in Baltimore, Kentucky, and more. Each discovery reveals something about the period, with some buried and others left in vaults.

The $1 bill hasn't been redesigned in over 60 years, making it one of the least secure American banknotes from a counterfeiting and forgery perspective.

The US Constitution has been amended 27 different times since its ratification

Dive deeper into each amendment to the Constitution with resources provided by the National Constitution Center. This website features podcasts, videos, and other web resources for each of the amendments, examining their creation and their impact on today’s political and social landscape.

Dive into the fascinating journey of a Federal Reserve note

Ever wondered how long an individual dollar bill lasts? After cash is designed and produced, money circulates in the economy, with $100 bills staying in use for the longest on average—roughly 15 years—and the $10 lasting just less than five.

The US has discontinued a variety of different currency denominations over the years—including a $100K bill.

The Secret Service was originally formed to combat counterfeiting

By the 1860s, an estimated one-third of US currency in circulation was counterfeit. In 1865, the Secret Service was created specifically to combat the country's serious counterfeiting problem, which had led to widespread financial instability. This was partly due to the lack of federal currency standardization in the country at the time.

The platinum coin, explained by the creator of the idea

An obscure US Mint law permitting it to create platinum coins of any amount surfaced as a possible means of quickly paying down the national debt. Here's an explanation from the creator of the idea.

Up to to $68M in coins ends up in American landfills each year.

Waste facilities and TSA say they collect thousands of dollars of discarded money per year. A Wall Street Journal reporter visited a waste facility and learned what you can do with your extra change.

The US Mint was among the first federal agencies to hire women

In 1795, the US Mint hired two women, named Sarah Waldrake and Rachael Summers, as adjusters. At the time, adjusters weighed blank coins and “adjusted” those weighing too much by filing them down.

The story of the ‘forgotten’ US Mints

Some US Mint branches that are now inactive were established during gold rushes during times of great demand. These include mints in Dahlonega, Georgia, Charlotte, North Carolina, and Carson City, Nevada. This video dives into their respective stories.

The US has carried debt since 1791

After the Revolutionary War, the US owed $75M to nations like France. Debt builds when spending exceeds revenue, funding programs, wars, and economic recovery efforts. Most debt is domestic, like Social Security bonds, with foreign nations also holding a share.

Minting a coin that can pay off the federal debt has been proposed as a quick fix to rampant borrowing.

The United States had a washing machine that cleaned dirty dollar bills

In the early 1900s, the US Treasury Department had a machine that washed and ironed old, soiled paper bills. The machine helped the Treasury save money by decreasing printing costs for new dollar bills, but had nothing to do with the modern understanding of money laundering.

Today, in the US, people can face years in prison for counterfeiting money

There are both federal and state laws that punish people who use or create counterfeit money. The crime can not only trigger hefty fines, but could also lead to decades behind bars.

Governments have historically used counterfeiting for economic warfare

Inserting fake currency into an economy can help destabilize it. During the American Revolution, for instance, the British distributed counterfeit “Continental Dollars” in an effort to devalue the currency being used in the US at the time with the goal of undermining America’s growing financial credibility. The Nazis also ran an extensive counterfeiting scheme during WWII.

Contrary to popular belief, the $2 bill is still in circulation today, although usage has been in decline for decades.

President Trump ordered an end to US production of the penny in 2025

The US will stop producing pennies after more than 233 years in 2026, though they will still be considered legal tender. It takes roughly three cents to produce a single penny, with an annual price tag of nearly $100M.

Watch what would happen if you literally had all the money in the world.

The highest inflation ever recorded in US history was estimated at 30% in 1778, just after the Revolutionary War.

The Constitution included compromises that still shape the US today

The creation of the Constitution necessitated numerous compromises to accommodate the diverse interests of the states. The significant compromises included resolutions on debates over representation in Congress and the status of enslaved individuals.

You can find the value of a dollar dating back to 1635

The value of a dollar hasn’t been consistent throughout history. An inflation calculator lets you compare the value of dollars from any two years over the past four centuries.

Visualizing the history of money

Money is any medium of exchange used in payments for goods or services and can take many forms. From cattle and shells in ancient times to paper and blockchain today, money has taken many shapes and sizes. This infographic illustrates some of the major forms of exchange world cultures have used over the last 5,000 years.

US inflation can generally be split into to two periods—before and after the Federal Reserve

A central bank itself does not mean significant inflation will occur, but economists generally point to factors like two world wars and the printing of money to finance the US federal deficit as primary drivers of price increases.

See the value of currency in circulation in billions of dollars as of Dec. 31 of each year.

The case against the penny

It takes roughly three cents to produce a single penny, with an annual price tag of nearly $100M. The ubiquitous copper coin is scarcely used, ending up in jars or lost in couches, necessitating even more replacement coins, perpetuating a vicious circle. Studies suggest eliminating the coin would not cost consumers money. See a quick overview of the problem here.

The US dollar became the world's reserve currency, backed by gold, after 44 nations gathered in Bretton Woods, New Hampshire, in 1944 with the intention of rebuilding the global economy.

The global economy runs on US dollars, with nearly 90% of international trade in 2019 being processed in US dollars.

Key moments that shaped the national debt include the Civil War, both World Wars, the 2008 recession, and the COVID-19 pandemic.