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Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts

Ben's So New Money. A Close Look At The 100$ Redesign.




Update: The circulation of this new bill design has taken much longer than initially expected. See an updated post on the new $100 bill here.

Original Post:
Officials from the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System and the United States Secret Service recently unveiled the new design for the $100 note. Complete with advanced technology to combat counterfeiting, the new design for the $100 note retains the traditional look of U.S. currency.



There are a number of security features in the redesigned $100 note, including two new features, the 3-D Security Ribbon and the Bell in the Inkwell. These security features are easy for consumers and merchants to use to authenticate their currency.



The blue 3-D Security Ribbon on the front of the new $100 note contains images of bells and 100s that move and change from one to the other as you tilt the note. The Bell in the Inkwell on the front of the note is another new security feature. The bell changes color from copper to green when the note is tilted, an effect that makes it seem to appear and disappear within the copper inkwell.

The new $100 note also displays American symbols of freedom, including phrases from the Declaration of Independence and the quill the Founding Fathers used to sign this historic document. Both are located to the right of the portrait on the front of the note.

The back of the note has a new vignette of Independence Hall featuring the rear, rather than the front, of the building. Both the vignette on the back of the note and the portrait on the front have been enlarged, and the oval that previously appeared around both images has been removed.

Although less than 1/100th of one percent of the value of all U.S. currency in circulation is reported counterfeit, the $100 note is the most widely circulated and most often counterfeited denomination outside the U.S.

The New Security Features
Below is a close-up look at the new features to help you learn how to identify the real thing and use the two advanced security features: the 3-D Security Ribbon and the Bell in the Inkwell.



1. Portrait Watermark
Hold the note to light and look for a faint image of Benjamin Franklin in the blank space to the right of the portrait.

3. Color-Shifting 100
Tilt the note to see the numeral 100 in the lower right corner of the front of the note shift from copper to green.



2. Security Thread
Hold the note to light to see an embedded thread running vertically to the left of the portrait. The thread is imprinted with the letters USA and the numeral 100 in an alternating pattern and is visible from both sides of the note. The thread glows pink when illuminated by ultraviolet light.

4. Raised Printing
Move your finger up and down Benjamin Franklin’s shoulder on the left side of the note. It should feel rough to the touch, a result of the enhanced intaglio printing process used to create the image. Traditional raised printing can be felt throughout the $100 note, and gives genuine U.S. currency its distinctive texture.

6. Microprinting
Look carefully to see the small printed words which appear on Benjamin Franklin’s jacket collar, around the blank space containing the portrait watermark, along the golden quill, and in the note borders.



5. Gold 100
Look for a large gold numeral 100 on the back of the note. It helps those with visual impairments distinguish the denomination.

FW Indicator (not shown here)
The redesigned $100 notes printed in Fort Worth, Texas, will have a small FW in the top left corner on the front of the note to the right of the numeral 100.
If a note does not have an FW indicator, it was
printed in Washington, D.C.

The note will begin circulating in February, 2011. All U.S. currency remains legal tender, regardless of when it was issued. Visit www.newmoney.gov where you can watch an animated video, click through an interactive note.

Tattoo Artist Scott Campbell Cuts Up Currency & Burns Tortillas



The last time I featured someone who defaced money in the name of art, Hanna Von Goeler, the post received numerous controversial comments. Well, get ready to start typing again, because this time, I'm sharing with you some seriously cut up currency by tattoo artist Scott Campbell.

Lincoln Gets His face Redone. Again. The New $5 Bill.

New $5 Bill Debuts During "Wi-5" Event; Circulation Scheduled for Early '08

A new $5 bill, with enhanced security features, will enter circulation in early 2008. A new $100 bill will follow.

The new $5 bill incorporates state-of-the-art security features that are easy to use by cash-handlers and consumers alike:


About the New $5 Bill

The new $5 bills will be safer, smarter and more secure: safer because they’re harder to fake and easier to check; smarter to stay ahead of savvy counterfeiters; and more secure to protect the integrity of U.S. currency. Because security features are difficult for counterfeiters to reproduce well, they often do not try, hoping that cash handlers and the public will not check their money.

The redesigned $5 bill retains two of the most important security features that were first introduced in the 1990s and are easy to check.

Watermark

Watermark: There are now two watermarks on the redesigned $5 bill. A large number “5” watermark is located to the right of the portrait, replacing the previous watermark portrait of President Lincoln found on older design $5 bills. Its location is highlighted by a blank window incorporated into the background design. A second watermark — a column of three smaller “5”s — has been added to the new $5 bill design and is positioned to the left of the portrait. Hold your bill up to the light and look for the two new watermarks.

Security Thread

Security thread: The embedded security thread, which is located to the left of the portrait on older-design $5 bills, has moved to the right of the portrait on the redesigned $5 bill. The letters “USA” followed by the number “5” in an alternating pattern are visible along the thread from both sides of the bill. The embedded security thread glows blue when held under ultraviolet light. Hold your bill up to the light and look for the embedded security thread.
Design Features

The new $5 bills will remain the same size and will use the same, but enhanced, portraits and historical images. Above all, the world will continue to recognize the new money as quintessentially American. Design updates will not only add complexity to the bill to make counterfeiting more difficult, but will also include other features that will help the public to tell denominations apart, particularly those persons with visual impairments.

Color:

Because color can be duplicated by potential counterfeiters, it should not be used to verify the authenticity of paper money. Adding color to the bill’s design, however, does add complexity to the design. The most noticeable difference in the redesigned $5 bill is the addition of light purple in the center of the bill, which blends into gray near the edges. Small yellow “05”s are printed to the left of the portrait on the front of the bill and to the right of the Lincoln Memorial vignette on the back.

Symbols of Freedom
Symbols of Freedom: A new American symbol of freedom has been added to the background of the redesigned $5 bill—The Great Seal of the United States, featuring an eagle and shield, is printed in purple to the right of the portrait of President Lincoln. An arc of purple stars surrounds the portrait and The Great Seal. The symbols of freedom differ for each denomination.

Portrait and Vignette

Portrait and Vignette: The oval borders around President Lincoln’s portrait on the front and the Lincoln Memorial vignette on the back have been removed. The portrait has been moved up and the shoulders have been extended into the border. Engraving details have been added to the vignette, framing the Lincoln Memorial against a sky full of clouds.
Other Features

Low-Vision Feature

Low-Vision Feature: The large, easy-to-read number “5” in the lower right corner on the back of the bill, which helps those with visual impairments distinguish the denomination, is now enlarged in the new $5 bill design and printed in high-contrast purple ink.

Microprinting

Microprinting: Because they are so small, microprinted words are hard to replicate. The redesigned $5 bill features microprinting on the front of the bill in three areas: the words “FIVE DOLLARS” can be found repeated inside the left and right borders of the bill; the words “E PLURIBUS UNUM” appear at the top of the shield within the Great Seal; and the word “USA” is repeated in between the columns of the shield. On the back of the bill the words “USA FIVE” appear along one edge of the large purple “5” low-vision feature.

Federal Reserve Indicators

Federal Reserve Indicators: A universal seal to the left of the portrait represents the entire Federal Reserve System. A letter and number beneath the left serial number identifies the issuing Federal Reserve Bank.

Serial Numbers
Serial Numbers: The unique combination of eleven numbers and letters appears twice on the face of the bill. On the new $5 bill, the left serial number has shifted slightly to the right, compared with previous designs.

A Smooth Transition

The goal of the public education and awareness program is the seamless introduction of the redesigned $5 bills in the United States and around the world. The U.S. government is working closely with the business community, national organizations and foreign central banks to ensure a smooth transition for the redesigned bills.

More U.S. currency circulates in the world than any other currency. About $770 billion circulates worldwide. With this large volume of U.S. currency in circulation, the public education and awareness program has proven vital when introducing past newly designed currency. Similar efforts will be conducted for the new $5 bill to inform stakeholders and the general public about the new changes and how to utilize the security features to authenticate paper money.

Continue using the old $5 design: You won’t have to exchange your old $5 bills for the new ones. Your old money will always be good. In fact, every U.S. banknote issued since 1861 is still redeemable today at full face value and will continue to be legal currency. In addition, there will be no recall or devaluation of any U.S. bills as the United States has never devalued its currency and will not do so now.

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