Sell Old Dollar Bills to the Best Buyer in Las Vegas and Henderson

A dollar bill is a country’s official currency. It comes with a corresponding ISO code. In the United States, it is the USD and is commonly abbreviated as US$. It is the most widely used currency in international transactions and is considered a standard currency. Likewise, USD is used as the primary currency in many other countries. Many others, however, use it as an unofficial currency in addition to their national currency.

Brief History

Before the United States of America standardized and issued paper currency on a federal level and prior to establishing the United States Treasury on September 2, 1789, the colonies were in charge of minting and issuing currency. The preferred mode of exchange in the early days of the American colonies was specie or coin money, preferably foreign bullion.

It was believed that Massachusetts was the first colony to issue its own paper currency in 1690, and other colonies quickly followed. Then, the Currency Acts of 1751 and 1764, which limited the use of these “bills of credit” as legal tender, caused friction between the colonies and the British government. In 1775, the Continental Congress issued and introduced the first overarching colonial currency, known as Continentals as the Revolutionary War raged on.

Despite this, the Coinage Act of 1792 and the establishment of a new mint were prompted by rampant inflation and the depreciation of the continental currency. Although the government could no longer issue paper currency, private entities and banks filled the void by issuing thousands of different tender notes for nearly 70 years.

After that, the Confederacy began issuing its paper currency with the start of the Civil War. The notes were dubbed “greybacks” because of their two-tone design. Greybacks first went on the market in April of 1861 with a variety of designs, such as slaves working in a field on the $100 C.S. banknote.

Following the Civil War, greenbacks remained popular, while Congress led the production of five several issues of silver certificates, from $1 to $1,000 dollar notes, in the 1870s and 1880s. Greenbacks were paper currency fiat money issued by the United States during the American Civil War, which had a green backprint. They were legal tender under US law, but they were not backed by gold or silver. Significantly, the first and only U.S. banknote that features a woman on the front, Martha Washington, was included in these silver certificates.

Subsequently, the Federal Reserve Act of 1913 gave birth to the only surviving modern form of paper currency. The enactment gave the federal government the authority to produce legal tender in Federal Reserve Notes, commonly known as U.S. dollars. 

Famous One Dollar Bills

Here are some of the large size one-dollar bills that were produced and created in different periods:

1862

This was the time when the first one-dollar banknote was released as a Legal Tender Note with a photograph of Salmon P. Chase, President Abraham Lincoln’s Secretary of the Treasury.

1869

The face of George Washington was placed in the middle of the $1 United States Note, with a vignette of Christopher Columbus sighting land to the left. The word ONE was overprinted several times in extremely small green text on the obverse of the note, and the paper was tinted blue. 

1874

The United States Note Series of 1869 was updated. On the obverse, the green and blue tinting were removed, a red floral design was added around the word Washington D.C., and the title treasury note was replaced with United States Note. The reverse has been substantially overhauled as well. This note was also published in the 1875 and 1878 series.

1880

The crimson floral design around the words one dollar and Washington, D.C. was removed and replaced with a huge red seal on the United States Note. A little seal was moved to the left side of the note in later iterations and blue serial numbers.

1886

Martha Washington, the first woman to appear on U.S. currency, was represented on the $1 silver certificate. The note’s reverse had an intricate pattern that took up the entire face of the note, omitting the borders.

1899

The $1 Silver Certificate was redesigned once again. The obverse depicted a vignette of the United States Capitol with a bald eagle perched on an American flag in the background. To the left and right of that were tiny portraits of Abraham Lincoln and Ulysses S. Grant.

1917

The obverse of the $1 United States Note was slightly altered when the ornate frames surrounding the serial numbers were removed.

1918

It was during this year when the only large-sized, Federal Reserve Note-like $1 note was printed. Each note was an obligation of the Federal Reserve Bank that issued it, and it could only be redeemed at that bank. The note’s obverse included a borderless image of George Washington to the left and text across the full center. A bald eagle in flight clutched an American flag on the reverse. 

Best Buyer of Old Dollar Bills

The best place to sell your old dollar bills is none other than Nevada Coin Mart. We test items following the standards set by the state when it comes to analyzing banknotes and money bills. Our team also uses top-of-the-line facilities and equipment to thoroughly examine the condition and value of your old dollar bills and other valuables. 

The Las Vegas Review Journal has already recognized our store’s services by awarding us the Best of Las Vegas award 12 times. That is why we continue to set the standard for service delivery excellence and competence. Our professionals always ensure that customers and their belongings are treated fairly.

When you arrive at our store, you will be escorted to a private booth by one of our employees. Then, an expert from our team will lead an in-depth discussion that will walk you through the entire valuation process.

So, if you have one at home, consider selling it at Nevada Coin Mart to make some serious and quick cash. Bring them in, and we will help you get the most money for them. We are open from 9 AM to 6 PM every day of the year. Visit us at Nevada Coin Mart®, 4065 S. Jones Blvd, Las Vegas, NV 89103, or call us at 702-998-4000 for more information.

References:

https://time.com/5383055/dollar-bill-design-history/

https://www.investopedia.com/6-famous-discontinued-and-uncommon-u-s-currency-denominations-4773302

https://en.wikipedia.org/wiki/History_of_the_United_States_dollar