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US bills have several letters on them, each with different meanings.

If you're referring to a letter with a small number next to it, like B1, that's a plate position number. You'll find the same thing on other denominations as well. Bills are printed in large sheets which are then cut apart to make individual bills. The position numbers indicate where in the grid of bills each one was located.

If you're referring to the large letter inside the Federal Reserve Seal, that appears only on current $1 and $2 bills and is the code for which Federal Reserve District distributed the bill (but not printed it - all bills are printed in Washington or Fort Worth). Other bills have the letter code incorporated into their serial numbers but not inside the Federal Reserve seal.

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13y ago

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