What is the lowest value of U.S. paper money without a portrait of a U.S. President?
The above question is one of the most commonly asked on the internet. Most people ask this question out of curiosity. This is because the question is one of the most common debate topics throughout the USA. This is also partly because the U.S. dollar is probably one of the most influential and prominent currencies in the world.
Since the value of the U.S. dollar impacts a lot of world economies, hence it is important to know the major factors of the U.S. dollar and also its interesting history. In this article, we will basically be discussing the question, “What is the lowest value of paper money without the portrait of a U.S. President?” Furthermore, we will also get some interesting answers to this question.
The Major US Dollar Faces: Who’s Faces Do The U.S. Currencies Have?
U.S. Dollars come in paper bills, and all these paper bills have one thing in common. They all have at least a portrait of an important personality from American History. There are seven types of U.S. Dollar paper bills, and each of them has a unique portrait of its own. These are mentioned below:
- 1 Dollar Bill – George Washington
- 2 Dollar Bill – Thomas Jefferson
- 5 Dollar Bill – Abraham Lincoln
- 10 Dollar Bill – Alexander Hamilton
- 20 Dollar Bill – Andrew Jackson
- 50 Dollar Bill – Ulysses S. Grant
- 100 Dollar Bill – Benjamin Franklin
When it comes to large denominations, the United States no longer issues them in the economy. According to the official website of the U.S. Government, “The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation. All U.S. currency issued since 1861 is valid and redeemable at its full face value.”
According to the Government of the USA, the larger U.S. Dollar Bills have not been in print since 1945. However, most of these bills started circulating until 1969. Hence, the U.S. Federal Reserve started putting sanctions on the banks that allowed U.S. Dollar bills of larger denominations.
Despite that, there are some large denominations of U.S. Dollar Bills, which still exist to this day, and it is also legal for you to spend them today. However, most people do not spend them, and major areas do not accept them as well. Since they are extremely rare, the worth of these currencies is more than their face value in the current situation.
U.S. Dollars also have several denominations of coins. According to the U.S. Government website, “The United States issues several denominations, with the most common being: 1¢, 5¢, 10¢, 25¢, 50¢, and $1. The U.S. Mint manufactures and circulates coins to pay for goods and services. It also issues collectible and commemorative coins for sale. These coins honor a person, place, or event.”
What Is The Lowest Value Of U.S. Paper Money Without A Portrait Of A U.S. President?
Most of the U.S. Dollar bills have a portrait of a former U.S. President. However, there are only two bills that do not have the portrait of a U.S. President. These two U.S. Dollar bills are mentioned below:
1. The U.S. $10 Bill Containing The Portrait Of Alexander Hamilton
Although it is not the lowest U.S. Dollar Bill, it is surely the lowest U.S. Dollar Bill without the portrait of a U.S. President. This is because Alexander Hamilton was not a U.S. President. But he was one of the most important people associated with the Independence of the United States of America.
About Alexander Hamilton, the U.S. Treasury Department claims, “He designed a Treasury Department for the collection and disbursing of public revenue, but also for the promotion of the economic development of the country.”
Hamilton was actually the Secretary of the Treasury, who worked under the presidency of George Washington, who was the First President of the United States. Furthermore, Hamilton is one of the most important personalities associated with the creation of the United States Banking System.
2. The U.S. $100 Bill Containing The Portrait Of Benjamin Franklin
Despite being the U.S. Dollar bill with the highest value in the country, the $100 currency does not feature a portrait of a U.S. President. Rather, the portrait is of Benjamin Franklin. Many consider Benjamin Franklin one of the most important personalities of the United States and one of the Founding Fathers of the country.
Franklin was a statesman, inventor, and one of the biggest politicians the country has ever seen. Many people in the United States love him and consider him more than the status of President of the United States.
3. The U.S. $10,000 Bill Containing The Portrait Of Salmon P. Chase
Although discontinued, the U.S. $10,000 bill contained the portrait of Salmon P. Chase. According to the U.S. Treasury, “It is also the likeness that was used on the first one dollar bill printed in 1862 and the $10,000 bill in 1918. In 1861, Salmon P. Chase resigned from the Senate to become President Abraham Lincoln’s Treasury Secretary. In his new position, Chase was faced with the formidable challenge of financing the Civil War.”
Basically, during the tenure of Abraham Lincoln, Salmon P. Chase was the Secretary of the U.S. Treasury, and the man was never a U.S. President. However, this bill was the highest dollar-value paper bill that ever circulated in the country.
Hope this article was helpful to you in giving you a detailed answer to your question, “What is the lowest value of U.S. paper money without a portrait of a U.S. President?” In short, the answer is $10, $100, and the discontinued $10,000. The U.S. Department of Treasury decides who’s face needs to be on the U.S. Dollar Bills. Do you agree with the Treasury Department’s decision to have those faces on U.S. Dollar bills? Do you think that there are other important American personalities that deserve to be on the U.S. currency? Share your opinions in the comments below.