I've Always Wondered Janet Nguyen Dec 23, Share Now on:. Share Now:. Email Address. First Name. Last Name. Newsletter Subscription Sign Me Up. Congress buys its health insurance. He was also the father of Kate Chase Sprague , a well-known socialite during Lincoln's presidency who later became embroiled in scandal.
Federal law prohibits any living person's face from appearing on currency. States the Treasury Department: "The law prohibits portraits of living persons from appearing on Government Securities.
Over the years, rumors spread by email and social media have claimed living former presidents , including Barack Obama, were being considered for inclusion on U. But the backs of those bills would depict key players in the suffrage and civil-rights movements: Marian Anderson and Martin Luther King Jr. But the election of Donald Trump in November may have halted those plans.
The Republican president's administration did not sign onto the idea of swapping out Jackson with Tubman. Mnuchin revealed in May , however, that the redesigned bill with Tubman's face on the front would not be ready by and likely would not be for 10 years.
Acting Inspector General Rich Delmar said the investigation would take about 10 months. Here's a look at who is currently on U. George Washington certainly fits the bill as being among the "persons whose places in history the American people know well," the Treasury department's only known criteria for deciding whose face goes on a U.
Washington is the first president of the United States. Instead, it was Secretary of the Treasury Salmon P. Chase whose face appeared on the bill. The nation's first Treasury secretary, Founding Father Alexander Hamilton, was the first person to appear on the bill, which was first issued by the government in The bill dates back to and has always featured the 16th president of the United States, despite being redesigned several times. The Fed's board of governors later issued new notes called Federal Reserve notes, our form of paper currency.
President Ulysses S. The Union general served two terms and helped the nation recover from the Civil War. According to the Bureau of Engraving and Printing , the U. According to the government, they discontinued the bills because of a lack of use, though it was actually due to the fact that the bills were used for illegal activity like money laundering. Because the and series included the largest number of bills, these versions are the most popular collectibles.
The condition of the bill can also have a significant impact on its value. In comparison, notes in perfect condition could be worth 10 times the face value or more. Some rare gold certificate bills could even be worth up to 30 times the face value. Find out how we buy and sell collectible currency , and learn how to get the best value for your rare coins and bills.
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The information on this site does not modify any insurance policy terms in any way. After the last printing of those denominations in , the Treasury Department and the Fed discontinued them in These days, most of these increasingly rare bills are owned by collectors.
In fact, if you happen to have a mint condition bill in a rare denomination, it could mean a big payoff. The reverse side of the bill depicts Spanish conquistador Hernando De Soto discovering the Mississippi in He served a full term and then only six months of his second term, before being assassinated.
The back of the bill shows then-General George Washington resigning his commission as commander-in-chief of the Continental Army on December 23, It shows Salmon P. The back of the bill shows the embarkation of the Pilgrims, as they sailed for freedom in North America.
Chase on the front. This note cannot be legally held by currency note collectors.
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