Sign In

Interesting Facts About American Currency

The US dollar bills are readily recognizable all around the world. But there are some facts, which few people know about our currency.
Share on Facebook
Interesting Facts About American Currency
  • In the Constitution, there’s no clear-cut authorization for the federal government to print paper money. It has only been granted the exclusive right to coin money.
  • Private banks issued paper money before the Civil War. Until the National Banking Act was adopted, about 8000 different banks issued currency, which caused unrestrained counterfeiting.
  • Due to the shortage of precious metals, necessary for minting coins, foreign currency served as legal tender.

U.S. dollar

  • Only after the discovery of gold and silver in the West, foreign coins were banned.
  • The $100,000 gold certificate is the largest bill ever printed in the USA. However, it was only used between banks.
  • The old shredded dollar bills are further recycled and are used for the manufacturing of building materials.

What else do you know about the USA?
Show your knowledge and wit!
Play Quiz
The astonishing Pentagon
Ready for neat and impressive numbers? Have fun reading about one of the most spectacular buildings in the world – the Pentagon!
PatrioticQuiz
Are You A Descendant Of A Mayflower Passenger?
About 35 million Americans, that is 10% of the entire population, share DNA with at least one Mayflower passenger.
PatrioticQuiz