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The U.S. dollar as a value amount was created and defined by the Coinage Act of 1792. It specified a "dollar" to be between 371 and 416 grains (27.0 g) of silver (depending on purity). This was a coin though...

In 1862 the first one-dollar bill was issued in the U.S. as a Legal Tender Note with a portrait of Salmon P. Chase, the Secretary of the Treasury under President Abraham Lincoln.[3]

The $1 as it looks now was designed in 1963.

**all was stolen shamelessly from Wikipedia***

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15y ago

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