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1 Dollar Federal Reserve Note
| Issuer | Federal Reserve System |
|---|---|
| Year | 1963-2021 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
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| Reverse description | The reverse is dominated by a large intaglio vignette of the word ONE at center, flanked by both obverse and reverse sides of the Great Seal of the United States rendered within circular guilloche frames. At left, the reverse seal shows an unfinished thirteen-step pyramid surmounted by the Eye of Providence, with the Latin mottoes ANNUIT COEPTIS above and NOVUS ORDO SECLORUM on a ribbon below, and the Roman numeral date MDCCLXXVI at the pyramid's base. At right, the obverse seal presents a bald eagle with wings displayed, bearing a shield on its breast, an olive branch in its right talon and a bundle of arrows in its left, with E PLURIBUS UNUM on a scroll above. The motto IN GOD WE TRUST appears in letterpress above ONE, and ONE DOLLAR is inscribed along the lower border. |
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| Protection description | Randomly distributed red and blue synthetic security fibers embedded throughout the cotton/linen substrate |
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| Comments |
The 1 Dollar Federal Reserve Note occupies an odd place in American monetary history: it was never issued as a Federal Reserve Note at all until 1963, having previously circulated as a Silver Certificate. The shift came after Congress authorized the removal of silver backing from small-denomination currency, freeing up silver reserves at a moment when industrial demand for the metal was outpacing the Treasury's comfort level.
The 1963B series is notably scarcer than 1963 or 1963A. Joseph Barr served as Secretary of the Treasury for only 30 days — December 1968 to January 1969 — making his signature among the shortest-tenured on any circulating U.S. note. Only five district letters appear in the 1963B series, versus the full twelve in 1963.