By: GeneCooper
Image: Gene Cooper, GIGAmacro ⧉

Uploaded: 26 Aug 2009
Last Updated: 26 Aug 2009

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The first $1 notes (called United States Notes or "Legal Tenders") were issued by the Federal Government in 1862 and featured a portrait of Secretary of the Treasury Salmon P. Chase (1861-1864). Of all the notes printed by the Bureau of Engraving and Printing, $1 notes make up about 45% of currency production. The life span of a $1 Federal Reserve Note is 21 months. (Other denominations have different life spans. Information provided courtesy of the US Bureau of Engraving and Printing http://www.bep.treas.gov/