U.S. currency can be denominated in multiples of 50 cents, with the highest denomination being the $50 bill. The obverse depicts Ulysses S. Grant, the 18th president of the United States (1869–1877), and the reverse depicts the Capitol Building. All fifty-dollar bills currently in circulation are Federal Reserve Notes.
A $50 note in circulation today has an estimated lifetime of 12.2 years before it needs to be replaced due to wear and tear. In 2019, $50 banknotes accounted for about 3.5% of all paper currency printed. The Federal Reserve Banks will ship them to you in beige straps.
The circulation of the United States fifty-dollar bill is the second lowest of any U.S. denomination, behind only the two-dollar bill, with 1.8 billion notes in circulation as of December 31, 2019.
A Brief Introduction to Ulysses S. Grant
General Ulysses S. Grant (1822-1885) led the Union to victory over the Confederacy in the American Civil War (1861-1865). He became the 18th President of the United States from 1869 to 1877 after growing up in Ohio and attending West Point. After leading all U.S. armies during the Civil War, he became an instant national hero when the conflict concluded.
His nomination as a presidential candidate by the Republican Party came in 1868. He was successful in his bid for the presidency and thereby became the 18th leader of the United States. In 1877, his term as governor ended.
While in office, his principal priorities were mending fences between the North and South and safeguarding civil liberties for formerly enslaved African Americans. He also established the Department of Justice and helped restore economic stability in the South after the Civil War.
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Several scandals and corruption marred his time in residency and in power. Grant retired and then bought into a brokerage firm. His life savings were lost when the company went bankrupt. Upon learning he had terminal cancer, he immediately began penning his autobiography. His death came shortly after he completed the book, in 1885. Grant’s book, published by Mark Twain, was a smash hit.
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