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The importance is it is the smallest paper denomination in the United States. It symbolizes a faith in a Fiat currency. The paper its self has no intrinsic value but the cotton and ink it's made of. It's only value is that the general public accepts it as money even though, our paper no longer is backed by gold or silver. The word LIBERTY is on United States coinage but NOT on paper money. Coinage has intrinsic value because of the value of the metal.

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