US Paper Money Day

US Paper Money Day is an annual American holiday dedicated to paper currency. The history of American paper bills spans more than 150 years. During this time, paper dollars have undergone many changes to become the form we recognize today. The holiday is observed on March 10.

History

The story of US Paper Money Day is connected to the development of American paper currency, a process that was long and complicated. The legal issuance of paper money began only in 1862. Bills produced that year became the first official paper currency of the United States. Earlier examples of paper money appeared on February 3, 1690, in Massachusetts. These were not true banknotes but certificates used to finance military expenses.

In the second half of the eighteenth century, Congress attempted to introduce a national paper currency. However, high inflation prevented these early notes from functioning effectively. By the 1860s, two types of bills existed: demand notes and United States notes. The latter, issued in 1862, became the country’s primary paper currency because earlier forms could not be redeemed and quickly lost value.

After official authorization on March 10, 1862, the full-scale production of US paper money began. US Paper Money Day commemorates this event.

Interesting Facts

• The earliest known paper money appeared in China around 700 BC.
• In 1862, President Abraham Lincoln signed the act establishing banknotes as legal tender in the United States.
• The first 100 dollar bill featuring Benjamin Franklin was issued in 1914. Mass production of this version began in 1923.

How to Take Part

Learn more about the history of American paper money and the famous figures depicted on US banknotes. If possible, visit museums that display early examples of currency.

Share information about the holiday on social media. Ask others whether they have collectible bills from earlier periods.

When is US Paper Money Day in 2026?

US Paper Money Day is observed on March 10 each year.

Observations