US Paper Money Day is an annual American holiday dedicated to paper bills. Their history spans more than 150 years. During this time, paper dollars changed repeatedly to arrive at the form we see today. The holiday is celebrated on March 10.
History
The history of US Paper Money Day is due directly to the history of the paper money itself, which is very controversial. The legal issue of money did not begin until 1862. It was the bills issued from this year became the official currency of the United States. The first money of this kind appeared on February 3, 1690 in Massachusetts. However, at that time they acted only as a kind of letter of credit, which was used for military financing. In the second half of the 18th century, Congress wanted to establish such a currency, but accelerated inflation prevented it from doing so.
In the 1860s there were demand bills and U.S. banknotes. The latter were issued precisely in 1862 and subsequently became the main currency for the country. Earlier money could not be redeemed and was rapidly losing value, so it was abandoned.
After official permission, on March 10, 1862, a full-fledged issue of paper money began. US Paper Money Day is celebrated in honor of this event.
Interesting facts
- The first paper money appeared in China, around 700 BC.
- In 1862, A. Lincoln signed the corresponding Act establishing banknotes as the official means of payment in the United States since 1862.
- For the first time, the most popular $100 bill features the image of B. Franklin appeared in 1914. In 1923 they began mass production of such banknotes with the image of this great man.
How to celebrate
At US Paper Money Day, learn more information about US paper money, since when it has had modern images of famous people on it. Visit museums to see old examples of banknotes.
Spread the word on social media. Check with other users to see if they have collector’s bills from the first years.
When is US Paper Money Day celebrated in 2024?
US Paper Money Day is observed on March 10 each year.
Observations
| Weekday | Month | Day | Year |
| Sunday | March | 10 | 2024 |
| Monday | March | 10 | 2025 |
