
#REDIRECT United States dollar
{| class="toccolours" style="width: 325px; min-width: 7em; margin: 0 0 1em 1em; border-collapse: collapse; text-align: center; font-size: 90%; float: right;" border="0" cellspacing="0" cellpadding="2" |+ Contemporary United States Coins and Notes |- style="background: #ccc;" ! width=20% | Denomination (currency) ($) ! width=40% | Design on Obverse ! width=40% | Design on Reverse |- | colspan=3 style="background: #f0f0f0;" | ''Coins'' |- | Penny (U.S. coin) || Abraham Lincoln || Lincoln Memorial |- | Nickel (U.S. coin) || Thomas Jefferson || Nickel (U.S. coin) |- | Dime (U.S. coin) || Franklin D. Roosevelt || torch, oak branch, olive branch |- | Quarter (U.S. coin) || George Washington || Statehood Quarters |- | United States half dollar coin || John F. Kennedy || Seal of the President of the United States |- | United States dollar coin || Sacagawea || Bald eagle in flight |- | colspan="3" style="background: #f0f0f0;" | ''Federal Reserve Notes'' |- | U.S. one dollar bill || George Washington || Great Seal of the United States |- | U.S. two dollar bill || Thomas Jefferson || United States Declaration of Independence |- | U.S. five dollar bill || Abraham Lincoln || Lincoln Memorial |- | U.S. ten dollar bill || Alexander Hamilton || United States Department of the Treasury |- | U.S. twenty dollar bill || Andrew Jackson || White House |- | U.S. fifty dollar bill || Ulysses S. Grant || United States Capitol |- | U.S. hundred dollar bill || Benjamin Franklin || Independence Hall |} The United States dollar, or American dollar, is the official currency of the United States. It is also widely used as a reserve currency outside of the United States. Currently, the issuance of currency is controlled by the Federal Reserve Banking systems. The most commonly used symbol for the U.S. dollar is the dollar#The dollar symbol ($). The ISO 4217 code for the United States Dollar is USD; the U.S. dollar is also referenced as US$ by the International Monetary Fund. In 1995, over $380 billion (380 G$) in U.S. currency was in circulation, two-thirds of it overseas. As of 2004 nearly 700 G$ [http://www.federalreserve.gov/boarddocs/speeches/2004/20040426/default.htm] was in circulation, with an estimated half to two-thirds of it still being held overseas [http://www.federalreserve.gov/paymentsystems/coin/default.htm]. The United States is one of many countries that use a currency known as a ''dollar.'' Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto legal capacity. See dollar. The slang term ''buck'' is often used to refer to a U.S. dollar. This term, dating to the 18th century, may have originated with the colonial fur trade. ''Grand'', sometimes shortened to simply ''G'', is a common term for the amount of 1,000 of several currencies, including dollars. ==Overview== The U.S. dollar is most commonly divided into 100 ''Cent (currency)s'' (symbol ¢). In another division, there are 1,000 ''mill (currency)'' to a dollar; additionally, an amount of ten dollars has been referred to as an ''Eagle (coin)''. However, only cents are in everyday use as divisions of the dollar; "eagle" and "mill" are largely unknown to the general public, though mills are sometimes used in matters of tax levies. When currently issued in circulating form, denominations equal to or less than a dollar are emitted as United States coinage while denominations equal to or greater than a dollar are emitted as Federal Reserve notes. (Both one-dollar coins and notes are produced today, although the note form is significantly more common.) In the past, paper money was occasionally issued in denominations less than a dollar (Fractional Currency) and gold coins were issued for circulation up to the value of twenty dollars. U.S. coins are produced by the United States Mint. U.S. dollar banknotes have been printed by the Bureau of Engraving and Printing for the Federal Reserve since 1914. They began as large-sized notes. In 1928, they switched to small-sized notes, for reasons that are to be explained. [[Image:One US dollar 1917.jpg|thumb|right|280px|One US dollar (1917)]] Notes above the $100 denomination ceased being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily either in inter-bank transactions or by organized crime; it was the latter usage that prompted President Richard Nixon to issue an executive order in 1969 halting their use. With the advent of electronic banking, they became unnecessary. Notes in denominations of $500, $1,000, $5,000, $10,000, and $100,000 were all produced at one time; see large denomination bills in U.S. currency for details. See History of the American dollar for more info about the currency's history. ==United States coins== In normal circulation, there are coins in the denominations 1¢ (penny), 5¢ (nickel), 10¢ (dime), 25¢ (quarter), 50¢ (half dollar; uncommon), and $1 (uncommon). United States dollar coins have never been popular in the United States. Silver dollars were created from 1794 through 1935 with a few short gaps; then a copper-nickel dollar of the same large size was minted from 1971 through 1978. The Susan B. Anthony dollar coin was introduced in 1979; these proved to be unpopular because they were often mistaken for quarters, thanks to their nearly-equal size, their milled edge, and their similar color. Minting of these dollars quickly stopped, but, as with all past U.S. coins, they remain legal tender. In 2000, a new $1 coin featuring Sacagawea was introduced, which corrected some of the mistakes of the Anthony dollar by having a smooth edge and a gold color. However, this new coin has failed to achieve the popularity of the still-existing $1 bill and is rarely used in daily transactions. The failure to simultaneously withdraw the dollar bill and weak publicity efforts have been cited by coin proponents as primary reasons for the failure of the dollar coin to gain popular support. Reaching into the past, the United States has minted other coin denominations since 1793: half-cent, two-cent, three-cent, twenty-cent, $2.50, $3.00, $4.00, $5.00, $10.00, and $20.00. Technically, all these coins are still legal tender at face value, though they are all worth far more to any coin collector. The United States also produces gold and platinum bullion coins, all of which are legal tender though their use in everyday transactions is virtually non-existent. The reason for this is that they are not intended for use in transactions and thus the face value of the coins are much lower than the worth of the precious metals in them. The gold bullion coins are products of the American Eagles Gold Proof program, and the denominations (with gold content) are: $5 (1/10 troy oz), $10 (1/4 troy oz), $25 (1/2 troy oz), and $50 (1 troy oz). The platinum bullion coins are products of the American Eagles Platinum Proof program, and the denominations (with platinum content) are: $10 (1/10 troy oz), $25 (1/4 troy oz), $50 (1/2 troy oz), and $100 (1 troy oz). The gold coins are 91.67% gold (22 karat) and the platinum coins are 99.95% platinum. It may be interesting to note that the largest denomation of currency currently printed or minted by the United States is the $100 bill ''and'' the $100 troy ounce Platinum Eagle. ==Criticisms of U.S. coins== Uniquely for a major currency, the value of U.S. coins is not inscribed on them with a number. Instead, the value is written in English language words, presenting potential difficulties for visitors to the country that do not speak the language well. Furthermore, the coins' inscriptions do not follow a consistent pattern of describing the value in cents: "One Cent" (penny), "Five Cents" (nickel) "One Dime" (dime, worth 10 cents), "Quarter Dollar" (quarter, worth 25 cents), and "Half Dollar" (worth 50 cents); knowledge of these terms is required for visitors. (It may also be necessary for visitors to learn the coins' colloquial names.) For historical reasons, the size of the coins does not increase consistently with their face value. Both the one cent (penny) and the five cent (nickel) are larger than the dime, worth ten cents, and the less common 50-cent coin is larger than the recent Sacagawea and Susan B. Anthony dollar coins. The sizes of the dime, quarter, and half dollar are holdovers from before 1964, when they were made from 90% silver; their sizes thus depended upon the amount of silver which cost their respective values, and helps explain why the dime is the smallest of the coins. The current diameter used in dollar coins was introduced after 1964, so their size was not dependent upon silver, and was thus chosen somewhat arbitrarily, with no relation to the Morgan silver dollars of the previous century. ==Criticisms of U.S. banknotes== Despite the relatively late addition of color and other anti-counterfeiting features to U.S. currency, critics hold that it is still a straightforward matter to counterfeit the bills. They point out that the ability to reproduce color images is well within the capabilities of modern color Computer printer, most of which are affordable to many consumers. These critics suggest that the Federal Reserve should incorporate Holography features, as are used in most other major currencies, such as the Canadian dollar, Swiss franc, and euro banknotes, which are much more difficult and expensive to forge. Another robust technology, developed in Australia and adopted by several countries, produces polymer banknotes. However, U.S. currency may not be as vulnerable as it is said to be. Two of the most critical anti-counterfeiting features of U.S. currency are the paper and the ink. The exact composition of the paper is confidential, as is the formula for the ink. The ink and paper combine to create a distinct texture, particularly as the currency is circulated. These characteristics can be hard to duplicate without the proper equipment and materials. U.S. notes, however, remain less secure than most other notes, and while a bank might be able to detect fine differences in paper and ink technology, counterfeit notes generally receive far less scrutiny at a point of sale. Critics also note that U.S. bills are often hard to tell apart: They use very similar designs, are printed in the same colors, and are the same size. Advocates for the blind have argued that they should be printed in increasing sizes according to value and employ braille codes to make the currency more usable by the blindness, since the denominations cannot easily be distinguished from one another nonvisually. Though some vision-impaired or blind individuals say that they have learned to determine the different denominations by feel, many others rely on currency readers; still others have their bills each folded differently to quickly identify the denomination. This, however, initially requires the assistance of a sighted person and is thus not a complete solution. By contrast, other major currencies, such as the euro feature notes of differing sizes: the size of the note increases with the denomination and are printed in different colors. This is useful not only for the vision-impaired. They nearly eliminate the risk that, for example, someone might fail to notice a high-value note among low-value ones, a common problem in the United States. Tourists also frequently encounter difficulties with U.S. money, as they are less familiar with the design cues that distinguish the various denominations. Multiple currency sizes were considered for U.S. currency, but makers of vending and change machines successfully argued that implementing such a wide range of sizes would greatly increase the cost and complexity of such machines. Similar arguments were made in Europe prior to the introduction of multiple note sizes, but these arguments were obviously not successful. Alongside the contrasting colors and increasing sizes, many other countries' currencies contain tactile features missing from U.S. banknotes to assist the blind. For example, Canadian dollar have a series of Canadian currency tactile feature (though not standard braille) in the upper right corner to indicate denomination. Apart from their value in helping users to tell notes apart, the differing sizes of other currency banknotes are a security feature that eliminates one form of counterfeiting to which U.S. currency is prone: Counterfeiters can simply bleach the ink off a low-denomination note, typically a single dollar, and reprint it as a higher-value note, such as a $100 bill. To counter this, the U.S. government has debated making lower-denomination notes slightly smaller than those of higher denomination. Current proposals suggest making the $1 and $5 bills an inch shorter in length and a half-inch shorter in height; however, having two sizes of banknotes but six denominations, rather than incrementally increased sizes, would not eliminate the problem of their usability for the blind. ==International use== [[image:usdollar100front.jpg|frame|right|U.S. $100 note, featuring a picture of Benjamin Franklin.]] A few nations besides the United States use the U.S. dollar (USD) as their official currency. Ecuador, El Salvador, and East Timor all adopted the currency independently. The former members of the US-administered Trust Territory of the Pacific Islands, including Palau, the Federated States of Micronesia and the Marshall Islands, did not choose to issue their own currency after becoming independent. Additionally, the local currencies of Bermuda, the Bahamas, Panama, and a few other states can be freely exchanged at a 1:1 ratio for USD. The currency of Barbados is similarly convertible at a 2:1 ratio. Argentina used a fixed 1:1 exchange rate between the Argentine peso and the U.S. dollar from 1991 until 2002. In Lebanon, one dollar is equal to 1500 Lebanese lira, and is used interchangeably with local currency as a de facto legal tender. The exchange rate between the Hong Kong dollar and the United States dollar has also been linked since the early 1983 at HK$7.8/USD, and Pataca of Macao, pegged to Hong Kong dollar at MOP1.03/HKD, indirectly linked to the US dollar roughly at MOP8/USD. The renminbi used by the People's Republic of China has been informally and controversially pegged to the dollar since the mid-1990s at Y8.28/USD. Malaysia has formally pegged its ringgit at MR3.8/USD since 1997. The dollar is also used as the standard unit of currency in international markets for commodities such as gold and oil. Even foreign companies with little direct presence in the United States, such as the European company Airbus, list and sell their products in dollars. At the present time, the U.S. dollar remains the world's foremost reserve currency, primarily held in $100 denominations. The majority of U.S. notes are actually held outside the United States. According to economist Paul Samuelson, the overseas demand for dollars allows the United States to maintain persistent trade deficits without causing the value of the currency to depreciate and the flow of trade to readjust. Not long after the introduction of the euro (€; ISO 4217 code EUR) as a cash currency in 2002, the dollar began to steadily depreciate in value on the international scene. After the euro started to rise in value in March 2002, the U.S. trade and budget deficits continued to increase. By Christmas 2004 the dollar had fallen to new lows against all major currencies, especially its rival the euro. The euro rose above $1.36 /€ (under 0.74 €/$) for the first time in late December 2004, in sharp contrast to its lows in early 2003 (rate of $0.87/€). Beginning in late May into early June though the Dollar rose sharply against the Euro as European states reported stagnation in the overall EU economy and doubts were raised over the EU Constitution which was voted down in two member states: France and The Netherlands. As unemployment rates rise in the Euro zone and economic growth slows the EU may see a drop in the value of the Euro against the Dollar for at least part of 2005 although the Euro is expected to maintain its strength if not in a slightly diminished manner. ==Origin of the name ''dollar''== The name for the United States dollar comes from the Spanish dollar (which itself derived from the thaler). The Spanish dollar was the silver coin widely circulated in the United States during the time of the American Revolutionary War. Although private banks issued currency that was backed in Spanish dollars, the federal government did not do so until the American Civil War. ''For further history of the name, see Dollar.'' == The dollar symbol == Full article: Dollar sign The origin of the "$" sign has been variously accounted for. Perhaps the most widely accepted explanation, according to the U.S. Bureau of Engraving and Printing, is that it results from the evolution of the Mexican or Spanish "P's" for pesos, or piastres, or pieces of eight. This theory, derived from a study of old manuscripts, explains that the "S" gradually came to be written over the "P," developing a close equivalent to the "$" mark. It was widely used before the adoption of the U.S. dollar in 1785. A dollar symbol with two vertical strokes is sometimes used. This is sometimes attributed to the idea of superimposing "U" and "S," but the form appears already to have existed when the future United States was still a number of British colonies. The two slashes are thought to represent the two pillars at the original temple of Solomon in Jerusalem. ''For further information about the symbol, see Dollar.'' ==Current USD exchange rates== [http://finance.yahoo.com/currency/convert?amt=1&from=AUD&to=USD&submit=Convert AUD] | [http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=USD&submit=Convert CAD] | [http://finance.yahoo.com/currency/convert?amt=1&from=EUR&to=USD&submit=Convert EUR] | [http://finance.yahoo.com/currency/convert?amt=1&from=GBP&to=USD&submit=Convert GBP] | [http://finance.yahoo.com/currency/convert?amt=1&from=INR&to=USD&submit=Convert INR] | [http://finance.yahoo.com/currency/convert?amt=1&from=NZD&to=USD&submit=Convert NZD] | [http://finance.yahoo.com/currency/convert?amt=1&from=BRL&to=USD&submit=Convert BRL] | [http://www.exchangerate.com Lots of exchange rates] ==External links== * [http://www.moneyfactory.com/ US Bureau of Engraving and Printing] * [http://www.dollarcrash.com Will the US Dollar Crash?] * [http://www.treas.gov/topics/currency/index.html The U.S. Treasury's Coins & Currency portal] * [http://www.frbsf.org/currency/ American Currency Exhibit at the San Francisco Federal Reserve Bank] * [http://www.moneyfactory.com/section.cfm/4 U.S. Treasury page with images of all current banknotes] * [http://www.friesian.com/notes.htm U.S. paper money] * [http://misyte3.tripod.com/clipart/id47.html Presidential currency] * [http://www.wheresgeorge.com/ The ''Where's George?'' Currency Tracking Project] * [http://www.coolnumbers.com Cool Numbers] analyzes patterns of dollar-bill serial numbers and other types of numbers. How cool is your dollar bill? Currency of the United States bs:Američki dolar hi:अमरीकी डोलर simple:United States dollar th:ดอลลาร์สหรัฐ
==Mills and thalers== There seems to be a prety big mistake ont he page regarding mills. There is no such animal, and never was. The US coin page makes no mention of them and the mill page says that while the mill was approved, it was never minted. This page says it was minted, and provides an explaination for why production was stopped. The word "thaler" from which the word "dollar" evolved from actually comes from a woman by the name of Elizabeth Thaler. Her image adorned the obverse of the most commonly traded, pre-revolutionary silver coin in the colonies. The coins were called "thalers", and somewhere, somehow, like a lot of words in American English, "thaler" became "dollar", and we still refer to American currency as "dollars" to this day. :Mills, while never produced by the ''federal'' government, ''were'' produced by local governments. :Secondly, I have never heard that explanation, and quite frankly, strikes me as rather unlikely ==First half== The first half is a bit confusing user:Ilyanep ==Explanation of $== I removed the following explanation of th $: :, which was originally a superimposed U and S Because I believe it is wrong. I believe the $ is derived from the sign for Imperial Spain (which, as the article points out, was the source of the dollar). Can someone offer historical evidence for the US claim? User:Slrubenstein :I believe it actually comes not from the sign for Imperial Spain, but rather from the Spanish abbreviation for "peso", which slowly overtime became the dollar symbol. -- user:SJK We agree that the $ derives from Spain, and is not a superimposed U and S. But I am stil not sure about the history. I do not think $ is an abbreviation of Peso; my guess is the peso (just spanish for "weight") also had the Imperial Seal on it during the colonial period. I found this: :Cuando en Estados Unidos se decidió que la moneda única sería el dólar coexistía todavía el Spanish Dollar acuñado con el escudo de España en una de sus caras. Como se ve en la imagen tiene en sus laterales las columnas de Hércules y unos lazos que las abrazan con la inscripción "PLUS ULTRA". :Para indicar que se pagaba con esa moneda ponían detrás de la cantidad el signo $ que recuerda la torre y la cinta que le abraza. Desde entonces pasó a ser el símbolo universal del dólar. on the web-site, http://usuarios.lycos.es/aurenauta/spanishdolar.htm which suggests that the two vertical lines represent the pillars of Hercules, and the S represented the sash, but I do not know how authoritative this source is! User:Slrubenstein It isn't. As reported, the $ sign comes from a melded PS, meaning "peso". The first written example has only one slash, not two, which sort of puts a hole in the Pillars of Hercules idea. Anyway, the whole thing was clarified by Dr. Florian Cajori - I'll find you a cite, but it may be on the [http://www.straightdope.com Straight Dope] archive - I'll try to find it when I'm not behind a firewall :) User:Montrealais :Here it is: [http://www.straightdope.com/classics/a3_178.html]. - User:Montrealais I checked the SD site; it sounds like the ps. argument is still conjecture, although I admit no less reasonable than the Spanish seal conjecture (also, Cajori was a notable mathematician but not an historian -- which doesn't mean he was wrong, but one would still have to check his research). In any event, we still all agree that it is NOT derived from an abbreviation for "United States," which is what the article originally claimed. User:Slrubenstein ---- According to the [http://www.bep.treas.gov/document.cfm/18/113 Bureau of Engraving and Printing] (they make those dollars, after all): :The origin of the "$" sign has been variously accounted for. Perhaps the most widely accepted explanation is that it is the result of the evolution of the Mexican or Spanish "P's" for pesos, or piastres, or pieces of eight. This theory, derived from a study of old manuscripts, explains that the "S," gradually came to be written over the "P," developing a close equivalent to the"$" mark. It was widely used before the adoption of the United States dollar in 1785. ==US dollar== Isn't the most common usage "US dollar" rather than "United States dollar? If I were searching on Google (for example) I'd search on "US dollar". User:Tannin :US dollar redirects here. - User:Montrealais ==Nickel== Jordan Langelier: ''nickel is the term used by the mint. http://www.usmint.gov/about_the_mint/index.cfm?action=coin_specifications''' :Yes, and the mint occasionally uses the word "penny" as well, for example at [http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?action=fun_facts2]. Nonetheless, both "penny" and "nickel" are slang terms, not the name of US coins. "Nickel" doesn't mean "twentieth of a dollar", it refers to the metal that the coin is traditionally made of. :: I don't think it's slang anymore. Today, an educated man would say he picked up a 'nickle'; saying he picked up a 'five cent piece' would be unusual. Cent/penny; there is no argument, but nickle is no longer slang. IMHO, of course ;) User:Jordan Langelier ::: The same could be said of the "penny", in that saying "one cent piece" would be unusual. But ponder this. Each coin contains, in writing, its own name. The twenty-five cent piece, for example, says "Quarter Dollar". What is written on the "nickel"? Also, consider that the mint is only allowed to issue coins which congress authorizes it to. Read the law authorizing the issuance of the "nickel" and see what the law calls it... The word "nickel" is mentioned over at United_States_Coin, which lists every denomination of coin currently or previously issued. ::: Perhaps the fine distinction we should make is this. The word "nickel" doesn't mean "twentieth of a dollar", it means "five cent coin". -User:º¡º ==Green== Is there any good reason that all the American bills are green? I mean why didn't they use different colours for every bill like in Canada, I mean, like in every other country in the world that I have ever been to (which includes most of Western Europe, pre-Euro). User:Dgrant 06:02 May 14, 2003 (UTC) :Yeah, tradition. What I remember from school is that U.S. currency is green is because it was extremely expensive to make green ink, then (during the Civil War). But, when I started looking around, there seems to be a lot speculation, but there apparently is no one reason known, but green ink fades much more slowly than other colors. Please don't compare the Almighty Greenback to Western European currency. Seriously, though; if you were comparing it to others from all over, that would be different, but don't group the U.S. in with Western Europe and don't buy that "common culture" crap. We, really, have very little in common with Europe. ::No doubt! I don't like this Monopoly money other countries have. Long live the greenback . . . heck, I'm upset that they've added a bit of color to the $20 bill. ==Issuance== I was going to change "issuance" to "issue", but I wondered if the former is actually correct usage in American English? User:Jimfbleak 15:20 May 14, 2003 (UTC) :Yes issuance is a word. Even the World Bank website uses it. User:Rmhermen 15:27 May 14, 2003 (UTC) ==Welfare increase== Did spending on welfare increase in the early 70s contributing to inflation ? User:Smith03 Government spending in general increased during the Johnson administration, and part of that was because of welfare programs, part of it was wartime expenditures. Also, the energy crisis of 1973 caused price shock inflation. So there were many inflationary factors at this time. User:128.227.191.106 05:29, 21 Apr 2005 (UTC) == Page to use for the $1 bill == The United_States_Two_dollar_bill through American_hundred_dollar_bill bills all have their own pages. Until recently, I thought that the $1 bill should link here, but now I feel that a better page is Federal Reserve notes. Which do you think is a better page?? == The $200 bill == Somebody who saw this page appears to think that there was a $200 bill with Theodore Roosevelt. What kind of person says this?? ==US $1 coin== No mention of this? - it was minted in 2000, and has an eagle on one side, and a Native American woman on the other side, with baby in papoose (I forget the name, someone who helped the Lewis & Clark expedition survive I think). - User:MPF 16:06, 27 Mar 2004 (UTC) :Ah yes, the "golden dollar." Bears a likeness of Sacagawea. -- User:Scott Sanchez 05:26, 28 Mar 2004 (UTC) ==New & old $20 notes== Reading the bit about the introduction of new coloured bills - for how long will the old ones remain valid? - User:MPF 16:06, 27 Mar 2004 (UTC) :American currency remains valid at face value forever. - User:Scott Sanchez 05:28, 28 Mar 2004 (UTC) ::Thanks; got the impression the old style were being withdrawn because of the ease of conterfeiting them - User:MPF 11:45, 28 Mar 2004 (UTC) :::The notes are technically valid indefinitely, but paper currency degrades a LOT with repeated handling. It is likely that the older styles of bill will become more and more rare as time passes. This doesn't, unfortunately, stop the problem of it being possible to create many Series 1990 $20 bills, screw them up a bit and pass them off with the excuse "I just found these" or similar. :( User:RDevz 22:25, 3 Sep 2004 (UTC) == Chronology of denomination articles == In February 2004, the articles for the $5 to $100 bills were created at pages like this: Five dollar bill. A few seconds later, they were moved to articles like this to avoid being unfair to Canadians: American five dollar bill. Originally, they had links only to articles that I thought were of great importance. Then, a few days later, people went to American twenty dollar bill and thought that it should be moved to United States twenty dollar bill. Then, someone moved the pages to articles like U.S. twenty dollar banknote and put more links in them. By then, the articles for the bill pages have improved so much. Then, finally, they moved to pages like U.S. five dollar bill because "banknote" is a primarily European term. People appeared to be doing a good job editing the bill pages. The next major change in the bill articles was to add nicknames such as "sawbuck", and then to give links to bill galleries at http://www.currencygallery.org. The next change was to add the bill's pre-Federal Reserve histories. After that, a blue box was added that simply links all denominations of coins and currency. Can you think of what the next change in the histories of the bill pages should be?? User:66.32.158.89 14:24, 9 Apr 2004 (UTC) == The denomination table == Until very recently, the denomination table was at the top. Now, however, it is at the bottom, where it is more difficult to find. Can anyone decide where the best place to put it is?? User:66.32.70.244 01:16, 8 May 2004 (UTC) :FWIW this comment was also left on 'needs attention'--I will remove it from there as this issue seems to have been addressed. User:Niteowlneils 01:13, 5 Jun 2004 (UTC) == Nickel == The reverse of the U.S. nickel is Monticello, Jefforson's residence, not the Indian Peace Medal. The page wont allow me to edit this so I'm posting it hear in hopes that someone else will be able to correct the mistake. :Actually, as of March 1, 2004, it is now the Indian Peace Medal. It will return to Monticello in January 2006. More information can be found at Nickel (U.S. coin)#Westward Journey Nickel Series. --User:Pascal666 02:19, 6 Jul 2004 (UTC) == 1970s’ inflation not necessarily caused by commodity price increases == It is doubtful inflation in the 70s was caused by commodities increasing prices, as this was a worldwide phenomenon but countries had wildly varying inflation rates. The more likely cause was simply government spending and thus printing dollars, not only for the Vietnam war but mainly, and more enduringly, for welfare. That's correct. The hyperinflation of the '70s was caused by the Federal Reserve literally printing money. The deficit was financed with this newly printed money, and hyperinflation ensued. --User:Dissipate 17:16, 8 Jul 2004 (UTC) While the United States endured high rates of inflation in the 1970's, it did not approach a state that could be described as hyperinflation. User:Christopherparham 21:19, 2005 May 1 (UTC) == Crime added to the overview == Recently, someone just added something about crime to the overview. Is the crime of this kind still common as of 2004?? Well, here is a question that I want to see if any registered Wikipedians can answer: Suppose there were a billion dollar bill. As I'm sure you know, U.S. currency is well-known internationally, and even though billion means 10^9 in the United States, it means 10^12 in many European countries. People would want to counterfeit A LOT, adding 3 extra 0's to the 1,000,000,000. Therefore, it would DEFINITELY need a new anti-counterfeiting feature of changing the footer at the bottom from "ONE BILLION DOLLARS" to something like "ONE GIGADOLLAR". How do you think people would respond?? (Please don't read too much into this. I'm not expecting there to be a time in the near future when a billion-dollar bill enters circulation; this is only an IF statement.) User:66.245.10.239 13:35, 4 Aug 2004 (UTC) ==Captialisation?== Shouldn't the D in "United States Dollar" be capitalised? User:Anthony DiPierro User:Anthony_DiPierro/warning 14:36, 18 Oct 2004 (UTC) == currencies pegged to USD, countries accepting USD == there is a mess in these lists on the page. Panama's currency is pegged to the USD, but they are not using USD as currency (according to the Panama Wikipedia page) "and a few more countries use USD" - who exactly? full list needed. East Caribbean Dollar is pegged to USD. == International usage == I would feel better if the analysis of the Dollar/Euro interactions and the ongoing fall of the USD with respect to the EUR was backed by some citations of prominent economists. In the present state, it looks like a lot of economic speculation, that ''may'' be true, but that is surely controversial enough to warrant some back-up. User:David.Monniaux 17:54, 15 Dec 2004 (UTC) Agreed. If an article is going to make me nervous, I want to see the facts to back it up. -User:FunnyMan3595 23:09, Dec 30, 2004 (UTC) :As I was writing this, I stopped to read through the history and find the initial occurance of these theories. The majority of that section was contributed by a single anonymous user way back on Nov 24 ([http://en.wikipedia.org/w/index.php?title=United_States_dollar&oldid=7818956] / [http://en.wikipedia.org/w/index.php?title=United_States_dollar&direction=next&oldid=7818956]). I'm reverting that entire section as a precaution, others are welcome to re-add any useful and fact-backed content that was in it. -User:FunnyMan3595 23:09, Dec 30, 2004 (UTC) :: Whoa there, that's a huge revert... The latter parts did sound like shaky conjecture, but the initial factoids are true. There appears to be ample reason to list and elaborate what happened so far, even if we completely omit all futurology. --User:Joy 23:18, 30 Dec 2004 (UTC) :::I've got no problem with what you put back, it looks fine to me. I was just doing a blind revert of the section and leaving it up to "the next guy"--you, in this case--to sort through the conjecture and find anything useful that was in there. You did exactly what still needed to be done, so more power to you. As it stands, though, the section could use a bit of reworking, it seems a bit fragmented, especially the line "The majority of US paper currency is actually held outside of the United States.". One line paragraphs should be avoided whenever possible. -User:FunnyMan3595 23:46, Dec 30, 2004 (UTC) == The term "buck" == The article states the following: The word "buck" is commonly used by Americans to refer to a U.S. dollar. It originated with the colonial fur trade. Is this an indisputable fact? I've heard various theories about the origin of the name. At any rate, given that a deer is not a fur-bearing animal (a buck, of course, is a male deer), I don't quite see the connection with the fur trade. A little more in the way of explanation would be nice. == circulation.... == According to the ''Review Text in American History'' by Irving Gordon (1995), the amount of money in circulation in 1892 was about $20 per person. The U.S. Populist Party wanted to change the ratio to $50 per person. The text gives no references nor equations. How was this calculated? My second question is this...what is the ratio today? According to this United States dollar article, there is nearly US$700 billion in circulation, with an estimated half to two-thirds of it still being held overseas. $700,000,000,000/3=233333333333.33 in circulation in the U.S. $233333333333.33/295,786,000 people=$788.85/per person. is that accurate? please help. User:Kingturtle 01:40, 12 Apr 2005 (UTC) :Yes that does sound accurate. But remember that it is the amount of printed currency per person not the amount of money in the bank per person in the U.S. So I am not sure why this statistic would be important or useful for anything. --User:Clawed 09:09, 14 May 2005 (UTC)
#REDIRECT United States dollar
See other meanings of words starting from letter:
Words begining with United_States_Dollar:
United_States_Dollar
United_States_dollar
United_States_dollar
United_states_dollar
United_States_dollars
United_States_dollar_coin
United_States_dollar_coin
United_States_dollar_twenty_dollar_bill
United States Dollar
#REDIRECT United States dollar
United States dollar
{| class="toccolours" style="width: 325px; min-width: 7em; margin: 0 0 1em 1em; border-collapse: collapse; text-align: center; font-size: 90%; float: right;" border="0" cellspacing="0" cellpadding="2" |+ Contemporary United States Coins and Notes |- style="background: #ccc;" ! width=20% | Denomination (currency) ($) ! width=40% | Design on Obverse ! width=40% | Design on Reverse |- | colspan=3 style="background: #f0f0f0;" | ''Coins'' |- | Penny (U.S. coin) || Abraham Lincoln || Lincoln Memorial |- | Nickel (U.S. coin) || Thomas Jefferson || Nickel (U.S. coin) |- | Dime (U.S. coin) || Franklin D. Roosevelt || torch, oak branch, olive branch |- | Quarter (U.S. coin) || George Washington || Statehood Quarters |- | United States half dollar coin || John F. Kennedy || Seal of the President of the United States |- | United States dollar coin || Sacagawea || Bald eagle in flight |- | colspan="3" style="background: #f0f0f0;" | ''Federal Reserve Notes'' |- | U.S. one dollar bill || George Washington || Great Seal of the United States |- | U.S. two dollar bill || Thomas Jefferson || United States Declaration of Independence |- | U.S. five dollar bill || Abraham Lincoln || Lincoln Memorial |- | U.S. ten dollar bill || Alexander Hamilton || United States Department of the Treasury |- | U.S. twenty dollar bill || Andrew Jackson || White House |- | U.S. fifty dollar bill || Ulysses S. Grant || United States Capitol |- | U.S. hundred dollar bill || Benjamin Franklin || Independence Hall |} The United States dollar, or American dollar, is the official currency of the United States. It is also widely used as a reserve currency outside of the United States. Currently, the issuance of currency is controlled by the Federal Reserve Banking systems. The most commonly used symbol for the U.S. dollar is the dollar#The dollar symbol ($). The ISO 4217 code for the United States Dollar is USD; the U.S. dollar is also referenced as US$ by the International Monetary Fund. In 1995, over $380 billion (380 G$) in U.S. currency was in circulation, two-thirds of it overseas. As of 2004 nearly 700 G$ [http://www.federalreserve.gov/boarddocs/speeches/2004/20040426/default.htm] was in circulation, with an estimated half to two-thirds of it still being held overseas [http://www.federalreserve.gov/paymentsystems/coin/default.htm]. The United States is one of many countries that use a currency known as a ''dollar.'' Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto legal capacity. See dollar. The slang term ''buck'' is often used to refer to a U.S. dollar. This term, dating to the 18th century, may have originated with the colonial fur trade. ''Grand'', sometimes shortened to simply ''G'', is a common term for the amount of 1,000 of several currencies, including dollars. ==Overview== The U.S. dollar is most commonly divided into 100 ''Cent (currency)s'' (symbol ¢). In another division, there are 1,000 ''mill (currency)'' to a dollar; additionally, an amount of ten dollars has been referred to as an ''Eagle (coin)''. However, only cents are in everyday use as divisions of the dollar; "eagle" and "mill" are largely unknown to the general public, though mills are sometimes used in matters of tax levies. When currently issued in circulating form, denominations equal to or less than a dollar are emitted as United States coinage while denominations equal to or greater than a dollar are emitted as Federal Reserve notes. (Both one-dollar coins and notes are produced today, although the note form is significantly more common.) In the past, paper money was occasionally issued in denominations less than a dollar (Fractional Currency) and gold coins were issued for circulation up to the value of twenty dollars. U.S. coins are produced by the United States Mint. U.S. dollar banknotes have been printed by the Bureau of Engraving and Printing for the Federal Reserve since 1914. They began as large-sized notes. In 1928, they switched to small-sized notes, for reasons that are to be explained. [[Image:One US dollar 1917.jpg|thumb|right|280px|One US dollar (1917)]] Notes above the $100 denomination ceased being printed in 1946 and were officially withdrawn from circulation in 1969. These notes were used primarily either in inter-bank transactions or by organized crime; it was the latter usage that prompted President Richard Nixon to issue an executive order in 1969 halting their use. With the advent of electronic banking, they became unnecessary. Notes in denominations of $500, $1,000, $5,000, $10,000, and $100,000 were all produced at one time; see large denomination bills in U.S. currency for details. See History of the American dollar for more info about the currency's history. ==United States coins== In normal circulation, there are coins in the denominations 1¢ (penny), 5¢ (nickel), 10¢ (dime), 25¢ (quarter), 50¢ (half dollar; uncommon), and $1 (uncommon). United States dollar coins have never been popular in the United States. Silver dollars were created from 1794 through 1935 with a few short gaps; then a copper-nickel dollar of the same large size was minted from 1971 through 1978. The Susan B. Anthony dollar coin was introduced in 1979; these proved to be unpopular because they were often mistaken for quarters, thanks to their nearly-equal size, their milled edge, and their similar color. Minting of these dollars quickly stopped, but, as with all past U.S. coins, they remain legal tender. In 2000, a new $1 coin featuring Sacagawea was introduced, which corrected some of the mistakes of the Anthony dollar by having a smooth edge and a gold color. However, this new coin has failed to achieve the popularity of the still-existing $1 bill and is rarely used in daily transactions. The failure to simultaneously withdraw the dollar bill and weak publicity efforts have been cited by coin proponents as primary reasons for the failure of the dollar coin to gain popular support. Reaching into the past, the United States has minted other coin denominations since 1793: half-cent, two-cent, three-cent, twenty-cent, $2.50, $3.00, $4.00, $5.00, $10.00, and $20.00. Technically, all these coins are still legal tender at face value, though they are all worth far more to any coin collector. The United States also produces gold and platinum bullion coins, all of which are legal tender though their use in everyday transactions is virtually non-existent. The reason for this is that they are not intended for use in transactions and thus the face value of the coins are much lower than the worth of the precious metals in them. The gold bullion coins are products of the American Eagles Gold Proof program, and the denominations (with gold content) are: $5 (1/10 troy oz), $10 (1/4 troy oz), $25 (1/2 troy oz), and $50 (1 troy oz). The platinum bullion coins are products of the American Eagles Platinum Proof program, and the denominations (with platinum content) are: $10 (1/10 troy oz), $25 (1/4 troy oz), $50 (1/2 troy oz), and $100 (1 troy oz). The gold coins are 91.67% gold (22 karat) and the platinum coins are 99.95% platinum. It may be interesting to note that the largest denomation of currency currently printed or minted by the United States is the $100 bill ''and'' the $100 troy ounce Platinum Eagle. ==Criticisms of U.S. coins== Uniquely for a major currency, the value of U.S. coins is not inscribed on them with a number. Instead, the value is written in English language words, presenting potential difficulties for visitors to the country that do not speak the language well. Furthermore, the coins' inscriptions do not follow a consistent pattern of describing the value in cents: "One Cent" (penny), "Five Cents" (nickel) "One Dime" (dime, worth 10 cents), "Quarter Dollar" (quarter, worth 25 cents), and "Half Dollar" (worth 50 cents); knowledge of these terms is required for visitors. (It may also be necessary for visitors to learn the coins' colloquial names.) For historical reasons, the size of the coins does not increase consistently with their face value. Both the one cent (penny) and the five cent (nickel) are larger than the dime, worth ten cents, and the less common 50-cent coin is larger than the recent Sacagawea and Susan B. Anthony dollar coins. The sizes of the dime, quarter, and half dollar are holdovers from before 1964, when they were made from 90% silver; their sizes thus depended upon the amount of silver which cost their respective values, and helps explain why the dime is the smallest of the coins. The current diameter used in dollar coins was introduced after 1964, so their size was not dependent upon silver, and was thus chosen somewhat arbitrarily, with no relation to the Morgan silver dollars of the previous century. ==Criticisms of U.S. banknotes== Despite the relatively late addition of color and other anti-counterfeiting features to U.S. currency, critics hold that it is still a straightforward matter to counterfeit the bills. They point out that the ability to reproduce color images is well within the capabilities of modern color Computer printer, most of which are affordable to many consumers. These critics suggest that the Federal Reserve should incorporate Holography features, as are used in most other major currencies, such as the Canadian dollar, Swiss franc, and euro banknotes, which are much more difficult and expensive to forge. Another robust technology, developed in Australia and adopted by several countries, produces polymer banknotes. However, U.S. currency may not be as vulnerable as it is said to be. Two of the most critical anti-counterfeiting features of U.S. currency are the paper and the ink. The exact composition of the paper is confidential, as is the formula for the ink. The ink and paper combine to create a distinct texture, particularly as the currency is circulated. These characteristics can be hard to duplicate without the proper equipment and materials. U.S. notes, however, remain less secure than most other notes, and while a bank might be able to detect fine differences in paper and ink technology, counterfeit notes generally receive far less scrutiny at a point of sale. Critics also note that U.S. bills are often hard to tell apart: They use very similar designs, are printed in the same colors, and are the same size. Advocates for the blind have argued that they should be printed in increasing sizes according to value and employ braille codes to make the currency more usable by the blindness, since the denominations cannot easily be distinguished from one another nonvisually. Though some vision-impaired or blind individuals say that they have learned to determine the different denominations by feel, many others rely on currency readers; still others have their bills each folded differently to quickly identify the denomination. This, however, initially requires the assistance of a sighted person and is thus not a complete solution. By contrast, other major currencies, such as the euro feature notes of differing sizes: the size of the note increases with the denomination and are printed in different colors. This is useful not only for the vision-impaired. They nearly eliminate the risk that, for example, someone might fail to notice a high-value note among low-value ones, a common problem in the United States. Tourists also frequently encounter difficulties with U.S. money, as they are less familiar with the design cues that distinguish the various denominations. Multiple currency sizes were considered for U.S. currency, but makers of vending and change machines successfully argued that implementing such a wide range of sizes would greatly increase the cost and complexity of such machines. Similar arguments were made in Europe prior to the introduction of multiple note sizes, but these arguments were obviously not successful. Alongside the contrasting colors and increasing sizes, many other countries' currencies contain tactile features missing from U.S. banknotes to assist the blind. For example, Canadian dollar have a series of Canadian currency tactile feature (though not standard braille) in the upper right corner to indicate denomination. Apart from their value in helping users to tell notes apart, the differing sizes of other currency banknotes are a security feature that eliminates one form of counterfeiting to which U.S. currency is prone: Counterfeiters can simply bleach the ink off a low-denomination note, typically a single dollar, and reprint it as a higher-value note, such as a $100 bill. To counter this, the U.S. government has debated making lower-denomination notes slightly smaller than those of higher denomination. Current proposals suggest making the $1 and $5 bills an inch shorter in length and a half-inch shorter in height; however, having two sizes of banknotes but six denominations, rather than incrementally increased sizes, would not eliminate the problem of their usability for the blind. ==International use== [[image:usdollar100front.jpg|frame|right|U.S. $100 note, featuring a picture of Benjamin Franklin.]] A few nations besides the United States use the U.S. dollar (USD) as their official currency. Ecuador, El Salvador, and East Timor all adopted the currency independently. The former members of the US-administered Trust Territory of the Pacific Islands, including Palau, the Federated States of Micronesia and the Marshall Islands, did not choose to issue their own currency after becoming independent. Additionally, the local currencies of Bermuda, the Bahamas, Panama, and a few other states can be freely exchanged at a 1:1 ratio for USD. The currency of Barbados is similarly convertible at a 2:1 ratio. Argentina used a fixed 1:1 exchange rate between the Argentine peso and the U.S. dollar from 1991 until 2002. In Lebanon, one dollar is equal to 1500 Lebanese lira, and is used interchangeably with local currency as a de facto legal tender. The exchange rate between the Hong Kong dollar and the United States dollar has also been linked since the early 1983 at HK$7.8/USD, and Pataca of Macao, pegged to Hong Kong dollar at MOP1.03/HKD, indirectly linked to the US dollar roughly at MOP8/USD. The renminbi used by the People's Republic of China has been informally and controversially pegged to the dollar since the mid-1990s at Y8.28/USD. Malaysia has formally pegged its ringgit at MR3.8/USD since 1997. The dollar is also used as the standard unit of currency in international markets for commodities such as gold and oil. Even foreign companies with little direct presence in the United States, such as the European company Airbus, list and sell their products in dollars. At the present time, the U.S. dollar remains the world's foremost reserve currency, primarily held in $100 denominations. The majority of U.S. notes are actually held outside the United States. According to economist Paul Samuelson, the overseas demand for dollars allows the United States to maintain persistent trade deficits without causing the value of the currency to depreciate and the flow of trade to readjust. Not long after the introduction of the euro (€; ISO 4217 code EUR) as a cash currency in 2002, the dollar began to steadily depreciate in value on the international scene. After the euro started to rise in value in March 2002, the U.S. trade and budget deficits continued to increase. By Christmas 2004 the dollar had fallen to new lows against all major currencies, especially its rival the euro. The euro rose above $1.36 /€ (under 0.74 €/$) for the first time in late December 2004, in sharp contrast to its lows in early 2003 (rate of $0.87/€). Beginning in late May into early June though the Dollar rose sharply against the Euro as European states reported stagnation in the overall EU economy and doubts were raised over the EU Constitution which was voted down in two member states: France and The Netherlands. As unemployment rates rise in the Euro zone and economic growth slows the EU may see a drop in the value of the Euro against the Dollar for at least part of 2005 although the Euro is expected to maintain its strength if not in a slightly diminished manner. ==Origin of the name ''dollar''== The name for the United States dollar comes from the Spanish dollar (which itself derived from the thaler). The Spanish dollar was the silver coin widely circulated in the United States during the time of the American Revolutionary War. Although private banks issued currency that was backed in Spanish dollars, the federal government did not do so until the American Civil War. ''For further history of the name, see Dollar.'' == The dollar symbol == Full article: Dollar sign The origin of the "$" sign has been variously accounted for. Perhaps the most widely accepted explanation, according to the U.S. Bureau of Engraving and Printing, is that it results from the evolution of the Mexican or Spanish "P's" for pesos, or piastres, or pieces of eight. This theory, derived from a study of old manuscripts, explains that the "S" gradually came to be written over the "P," developing a close equivalent to the "$" mark. It was widely used before the adoption of the U.S. dollar in 1785. A dollar symbol with two vertical strokes is sometimes used. This is sometimes attributed to the idea of superimposing "U" and "S," but the form appears already to have existed when the future United States was still a number of British colonies. The two slashes are thought to represent the two pillars at the original temple of Solomon in Jerusalem. ''For further information about the symbol, see Dollar.'' ==Current USD exchange rates== [http://finance.yahoo.com/currency/convert?amt=1&from=AUD&to=USD&submit=Convert AUD] | [http://finance.yahoo.com/currency/convert?amt=1&from=CAD&to=USD&submit=Convert CAD] | [http://finance.yahoo.com/currency/convert?amt=1&from=EUR&to=USD&submit=Convert EUR] | [http://finance.yahoo.com/currency/convert?amt=1&from=GBP&to=USD&submit=Convert GBP] | [http://finance.yahoo.com/currency/convert?amt=1&from=INR&to=USD&submit=Convert INR] | [http://finance.yahoo.com/currency/convert?amt=1&from=NZD&to=USD&submit=Convert NZD] | [http://finance.yahoo.com/currency/convert?amt=1&from=BRL&to=USD&submit=Convert BRL] | [http://www.exchangerate.com Lots of exchange rates] ==External links== * [http://www.moneyfactory.com/ US Bureau of Engraving and Printing] * [http://www.dollarcrash.com Will the US Dollar Crash?] * [http://www.treas.gov/topics/currency/index.html The U.S. Treasury's Coins & Currency portal] * [http://www.frbsf.org/currency/ American Currency Exhibit at the San Francisco Federal Reserve Bank] * [http://www.moneyfactory.com/section.cfm/4 U.S. Treasury page with images of all current banknotes] * [http://www.friesian.com/notes.htm U.S. paper money] * [http://misyte3.tripod.com/clipart/id47.html Presidential currency] * [http://www.wheresgeorge.com/ The ''Where's George?'' Currency Tracking Project] * [http://www.coolnumbers.com Cool Numbers] analyzes patterns of dollar-bill serial numbers and other types of numbers. How cool is your dollar bill? Currency of the United States bs:Američki dolar hi:अमरीकी डोलर simple:United States dollar th:ดอลลาร์สหรัฐ
United States dollar
==Mills and thalers== There seems to be a prety big mistake ont he page regarding mills. There is no such animal, and never was. The US coin page makes no mention of them and the mill page says that while the mill was approved, it was never minted. This page says it was minted, and provides an explaination for why production was stopped. The word "thaler" from which the word "dollar" evolved from actually comes from a woman by the name of Elizabeth Thaler. Her image adorned the obverse of the most commonly traded, pre-revolutionary silver coin in the colonies. The coins were called "thalers", and somewhere, somehow, like a lot of words in American English, "thaler" became "dollar", and we still refer to American currency as "dollars" to this day. :Mills, while never produced by the ''federal'' government, ''were'' produced by local governments. :Secondly, I have never heard that explanation, and quite frankly, strikes me as rather unlikely ==First half== The first half is a bit confusing user:Ilyanep ==Explanation of $== I removed the following explanation of th $: :, which was originally a superimposed U and S Because I believe it is wrong. I believe the $ is derived from the sign for Imperial Spain (which, as the article points out, was the source of the dollar). Can someone offer historical evidence for the US claim? User:Slrubenstein :I believe it actually comes not from the sign for Imperial Spain, but rather from the Spanish abbreviation for "peso", which slowly overtime became the dollar symbol. -- user:SJK We agree that the $ derives from Spain, and is not a superimposed U and S. But I am stil not sure about the history. I do not think $ is an abbreviation of Peso; my guess is the peso (just spanish for "weight") also had the Imperial Seal on it during the colonial period. I found this: :Cuando en Estados Unidos se decidió que la moneda única sería el dólar coexistía todavía el Spanish Dollar acuñado con el escudo de España en una de sus caras. Como se ve en la imagen tiene en sus laterales las columnas de Hércules y unos lazos que las abrazan con la inscripción "PLUS ULTRA". :Para indicar que se pagaba con esa moneda ponían detrás de la cantidad el signo $ que recuerda la torre y la cinta que le abraza. Desde entonces pasó a ser el símbolo universal del dólar. on the web-site, http://usuarios.lycos.es/aurenauta/spanishdolar.htm which suggests that the two vertical lines represent the pillars of Hercules, and the S represented the sash, but I do not know how authoritative this source is! User:Slrubenstein It isn't. As reported, the $ sign comes from a melded PS, meaning "peso". The first written example has only one slash, not two, which sort of puts a hole in the Pillars of Hercules idea. Anyway, the whole thing was clarified by Dr. Florian Cajori - I'll find you a cite, but it may be on the [http://www.straightdope.com Straight Dope] archive - I'll try to find it when I'm not behind a firewall :) User:Montrealais :Here it is: [http://www.straightdope.com/classics/a3_178.html]. - User:Montrealais I checked the SD site; it sounds like the ps. argument is still conjecture, although I admit no less reasonable than the Spanish seal conjecture (also, Cajori was a notable mathematician but not an historian -- which doesn't mean he was wrong, but one would still have to check his research). In any event, we still all agree that it is NOT derived from an abbreviation for "United States," which is what the article originally claimed. User:Slrubenstein ---- According to the [http://www.bep.treas.gov/document.cfm/18/113 Bureau of Engraving and Printing] (they make those dollars, after all): :The origin of the "$" sign has been variously accounted for. Perhaps the most widely accepted explanation is that it is the result of the evolution of the Mexican or Spanish "P's" for pesos, or piastres, or pieces of eight. This theory, derived from a study of old manuscripts, explains that the "S," gradually came to be written over the "P," developing a close equivalent to the"$" mark. It was widely used before the adoption of the United States dollar in 1785. ==US dollar== Isn't the most common usage "US dollar" rather than "United States dollar? If I were searching on Google (for example) I'd search on "US dollar". User:Tannin :US dollar redirects here. - User:Montrealais ==Nickel== Jordan Langelier: ''nickel is the term used by the mint. http://www.usmint.gov/about_the_mint/index.cfm?action=coin_specifications''' :Yes, and the mint occasionally uses the word "penny" as well, for example at [http://www.usmint.gov/about_the_mint/fun_facts/index.cfm?action=fun_facts2]. Nonetheless, both "penny" and "nickel" are slang terms, not the name of US coins. "Nickel" doesn't mean "twentieth of a dollar", it refers to the metal that the coin is traditionally made of. :: I don't think it's slang anymore. Today, an educated man would say he picked up a 'nickle'; saying he picked up a 'five cent piece' would be unusual. Cent/penny; there is no argument, but nickle is no longer slang. IMHO, of course ;) User:Jordan Langelier ::: The same could be said of the "penny", in that saying "one cent piece" would be unusual. But ponder this. Each coin contains, in writing, its own name. The twenty-five cent piece, for example, says "Quarter Dollar". What is written on the "nickel"? Also, consider that the mint is only allowed to issue coins which congress authorizes it to. Read the law authorizing the issuance of the "nickel" and see what the law calls it... The word "nickel" is mentioned over at United_States_Coin, which lists every denomination of coin currently or previously issued. ::: Perhaps the fine distinction we should make is this. The word "nickel" doesn't mean "twentieth of a dollar", it means "five cent coin". -User:º¡º ==Green== Is there any good reason that all the American bills are green? I mean why didn't they use different colours for every bill like in Canada, I mean, like in every other country in the world that I have ever been to (which includes most of Western Europe, pre-Euro). User:Dgrant 06:02 May 14, 2003 (UTC) :Yeah, tradition. What I remember from school is that U.S. currency is green is because it was extremely expensive to make green ink, then (during the Civil War). But, when I started looking around, there seems to be a lot speculation, but there apparently is no one reason known, but green ink fades much more slowly than other colors. Please don't compare the Almighty Greenback to Western European currency. Seriously, though; if you were comparing it to others from all over, that would be different, but don't group the U.S. in with Western Europe and don't buy that "common culture" crap. We, really, have very little in common with Europe. ::No doubt! I don't like this Monopoly money other countries have. Long live the greenback . . . heck, I'm upset that they've added a bit of color to the $20 bill. ==Issuance== I was going to change "issuance" to "issue", but I wondered if the former is actually correct usage in American English? User:Jimfbleak 15:20 May 14, 2003 (UTC) :Yes issuance is a word. Even the World Bank website uses it. User:Rmhermen 15:27 May 14, 2003 (UTC) ==Welfare increase== Did spending on welfare increase in the early 70s contributing to inflation ? User:Smith03 Government spending in general increased during the Johnson administration, and part of that was because of welfare programs, part of it was wartime expenditures. Also, the energy crisis of 1973 caused price shock inflation. So there were many inflationary factors at this time. User:128.227.191.106 05:29, 21 Apr 2005 (UTC) == Page to use for the $1 bill == The United_States_Two_dollar_bill through American_hundred_dollar_bill bills all have their own pages. Until recently, I thought that the $1 bill should link here, but now I feel that a better page is Federal Reserve notes. Which do you think is a better page?? == The $200 bill == Somebody who saw this page appears to think that there was a $200 bill with Theodore Roosevelt. What kind of person says this?? ==US $1 coin== No mention of this? - it was minted in 2000, and has an eagle on one side, and a Native American woman on the other side, with baby in papoose (I forget the name, someone who helped the Lewis & Clark expedition survive I think). - User:MPF 16:06, 27 Mar 2004 (UTC) :Ah yes, the "golden dollar." Bears a likeness of Sacagawea. -- User:Scott Sanchez 05:26, 28 Mar 2004 (UTC) ==New & old $20 notes== Reading the bit about the introduction of new coloured bills - for how long will the old ones remain valid? - User:MPF 16:06, 27 Mar 2004 (UTC) :American currency remains valid at face value forever. - User:Scott Sanchez 05:28, 28 Mar 2004 (UTC) ::Thanks; got the impression the old style were being withdrawn because of the ease of conterfeiting them - User:MPF 11:45, 28 Mar 2004 (UTC) :::The notes are technically valid indefinitely, but paper currency degrades a LOT with repeated handling. It is likely that the older styles of bill will become more and more rare as time passes. This doesn't, unfortunately, stop the problem of it being possible to create many Series 1990 $20 bills, screw them up a bit and pass them off with the excuse "I just found these" or similar. :( User:RDevz 22:25, 3 Sep 2004 (UTC) == Chronology of denomination articles == In February 2004, the articles for the $5 to $100 bills were created at pages like this: Five dollar bill. A few seconds later, they were moved to articles like this to avoid being unfair to Canadians: American five dollar bill. Originally, they had links only to articles that I thought were of great importance. Then, a few days later, people went to American twenty dollar bill and thought that it should be moved to United States twenty dollar bill. Then, someone moved the pages to articles like U.S. twenty dollar banknote and put more links in them. By then, the articles for the bill pages have improved so much. Then, finally, they moved to pages like U.S. five dollar bill because "banknote" is a primarily European term. People appeared to be doing a good job editing the bill pages. The next major change in the bill articles was to add nicknames such as "sawbuck", and then to give links to bill galleries at http://www.currencygallery.org. The next change was to add the bill's pre-Federal Reserve histories. After that, a blue box was added that simply links all denominations of coins and currency. Can you think of what the next change in the histories of the bill pages should be?? User:66.32.158.89 14:24, 9 Apr 2004 (UTC) == The denomination table == Until very recently, the denomination table was at the top. Now, however, it is at the bottom, where it is more difficult to find. Can anyone decide where the best place to put it is?? User:66.32.70.244 01:16, 8 May 2004 (UTC) :FWIW this comment was also left on 'needs attention'--I will remove it from there as this issue seems to have been addressed. User:Niteowlneils 01:13, 5 Jun 2004 (UTC) == Nickel == The reverse of the U.S. nickel is Monticello, Jefforson's residence, not the Indian Peace Medal. The page wont allow me to edit this so I'm posting it hear in hopes that someone else will be able to correct the mistake. :Actually, as of March 1, 2004, it is now the Indian Peace Medal. It will return to Monticello in January 2006. More information can be found at Nickel (U.S. coin)#Westward Journey Nickel Series. --User:Pascal666 02:19, 6 Jul 2004 (UTC) == 1970s’ inflation not necessarily caused by commodity price increases == It is doubtful inflation in the 70s was caused by commodities increasing prices, as this was a worldwide phenomenon but countries had wildly varying inflation rates. The more likely cause was simply government spending and thus printing dollars, not only for the Vietnam war but mainly, and more enduringly, for welfare. That's correct. The hyperinflation of the '70s was caused by the Federal Reserve literally printing money. The deficit was financed with this newly printed money, and hyperinflation ensued. --User:Dissipate 17:16, 8 Jul 2004 (UTC) While the United States endured high rates of inflation in the 1970's, it did not approach a state that could be described as hyperinflation. User:Christopherparham 21:19, 2005 May 1 (UTC) == Crime added to the overview == Recently, someone just added something about crime to the overview. Is the crime of this kind still common as of 2004?? Well, here is a question that I want to see if any registered Wikipedians can answer: Suppose there were a billion dollar bill. As I'm sure you know, U.S. currency is well-known internationally, and even though billion means 10^9 in the United States, it means 10^12 in many European countries. People would want to counterfeit A LOT, adding 3 extra 0's to the 1,000,000,000. Therefore, it would DEFINITELY need a new anti-counterfeiting feature of changing the footer at the bottom from "ONE BILLION DOLLARS" to something like "ONE GIGADOLLAR". How do you think people would respond?? (Please don't read too much into this. I'm not expecting there to be a time in the near future when a billion-dollar bill enters circulation; this is only an IF statement.) User:66.245.10.239 13:35, 4 Aug 2004 (UTC) ==Captialisation?== Shouldn't the D in "United States Dollar" be capitalised? User:Anthony DiPierro User:Anthony_DiPierro/warning 14:36, 18 Oct 2004 (UTC) == currencies pegged to USD, countries accepting USD == there is a mess in these lists on the page. Panama's currency is pegged to the USD, but they are not using USD as currency (according to the Panama Wikipedia page) "and a few more countries use USD" - who exactly? full list needed. East Caribbean Dollar is pegged to USD. == International usage == I would feel better if the analysis of the Dollar/Euro interactions and the ongoing fall of the USD with respect to the EUR was backed by some citations of prominent economists. In the present state, it looks like a lot of economic speculation, that ''may'' be true, but that is surely controversial enough to warrant some back-up. User:David.Monniaux 17:54, 15 Dec 2004 (UTC) Agreed. If an article is going to make me nervous, I want to see the facts to back it up. -User:FunnyMan3595 23:09, Dec 30, 2004 (UTC) :As I was writing this, I stopped to read through the history and find the initial occurance of these theories. The majority of that section was contributed by a single anonymous user way back on Nov 24 ([http://en.wikipedia.org/w/index.php?title=United_States_dollar&oldid=7818956] / [http://en.wikipedia.org/w/index.php?title=United_States_dollar&direction=next&oldid=7818956]). I'm reverting that entire section as a precaution, others are welcome to re-add any useful and fact-backed content that was in it. -User:FunnyMan3595 23:09, Dec 30, 2004 (UTC) :: Whoa there, that's a huge revert... The latter parts did sound like shaky conjecture, but the initial factoids are true. There appears to be ample reason to list and elaborate what happened so far, even if we completely omit all futurology. --User:Joy 23:18, 30 Dec 2004 (UTC) :::I've got no problem with what you put back, it looks fine to me. I was just doing a blind revert of the section and leaving it up to "the next guy"--you, in this case--to sort through the conjecture and find anything useful that was in there. You did exactly what still needed to be done, so more power to you. As it stands, though, the section could use a bit of reworking, it seems a bit fragmented, especially the line "The majority of US paper currency is actually held outside of the United States.". One line paragraphs should be avoided whenever possible. -User:FunnyMan3595 23:46, Dec 30, 2004 (UTC) == The term "buck" == The article states the following: The word "buck" is commonly used by Americans to refer to a U.S. dollar. It originated with the colonial fur trade. Is this an indisputable fact? I've heard various theories about the origin of the name. At any rate, given that a deer is not a fur-bearing animal (a buck, of course, is a male deer), I don't quite see the connection with the fur trade. A little more in the way of explanation would be nice. == circulation.... == According to the ''Review Text in American History'' by Irving Gordon (1995), the amount of money in circulation in 1892 was about $20 per person. The U.S. Populist Party wanted to change the ratio to $50 per person. The text gives no references nor equations. How was this calculated? My second question is this...what is the ratio today? According to this United States dollar article, there is nearly US$700 billion in circulation, with an estimated half to two-thirds of it still being held overseas. $700,000,000,000/3=233333333333.33 in circulation in the U.S. $233333333333.33/295,786,000 people=$788.85/per person. is that accurate? please help. User:Kingturtle 01:40, 12 Apr 2005 (UTC) :Yes that does sound accurate. But remember that it is the amount of printed currency per person not the amount of money in the bank per person in the U.S. So I am not sure why this statistic would be important or useful for anything. --User:Clawed 09:09, 14 May 2005 (UTC)
United states dollar
#REDIRECT United States dollar
See other meanings of words starting from letter:
U
UA | UB | UC | UD | UE | UF | UG | UH | UI | UJ | UK | UL | UM | UN | UO | UP | UR | US | UT | UW | UX | UY | UZ |Words begining with United_States_Dollar:
United_States_Dollar
United_States_dollar
United_States_dollar
United_states_dollar
United_States_dollars
United_States_dollar_coin
United_States_dollar_coin
United_States_dollar_twenty_dollar_bill
These materials are based on Wikipedia and licensed under the GNU FDL
YouTube.com videos better site than Turbo Tax 2007
