The newly redesigned $5 bill entered circulation March 13, 2008. While it will take time for everyone to receive their first $5, those that have seen it love it. Well, that’s what the Bureau of Engraving and Printing (BEP) is saying at least.
Based on their latest video showing consumer reactions to the $5, it’s a smash-hit.
For a new note that is promoted as being “safer, smarter and more secure,” building public acceptance and knowledge for the $5 is an absolute must. Hundreds of millions of the new notes will pass through people’s hands each year (1.4 billion $5s were produced in 2007). Reducing confusion during money transactions is better for everyone.
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The first new redesigned Lincoln $5 bills will start arriving in banks on March 13. On the same day, the very first $5 note will be spent in the gift shop of President Lincoln’s Cottage at the Soldiers’ Home in Washington, D.C.
Back in September of 2007, the Bureau of Engraving and Printing (BEP) for the first time ever digitally unveiled the new bill redesign.
It includes two new watermarks, an enhanced security thread and other security features that promises to make the bill “safer, smarter and more secure”.
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Coin collectors are experienced in placing and arranging coins within albums, folders, holders and the like. Many collectors also enjoy showing their collection to family, friends and other collectors. However, the thought of taking collected coins, artistically arranging them into a portrait and sharing the results with the public is something, likely, most numismatists would never contemplate.
One father and son team did just that. Read the rest of this entry »
The first new redesigned $5 bill will be spent in the gift shop of President Lincoln’s Cottage at the Soldiers’ Home in Washington, D.C. on March 13.
The announcement was made today by the Bureau of Engraving and Printing (BEP).
Back in September of 2007, the BEP for the first time ever digitally unveiled the new bill redesign that promises to be “safer, smarter and more secure”.
Read the rest of this entry »
The debate heated up on whether the metal composition of coins should be controlled by the U.S. Treasury and whether the ban of melting pennies for their copper content should be lifted.
CoinNews.net had its own article on the topic and, like other news organizations, coin collectors and bloggers, everyone was interestingly awaiting some type of outcome.
More debates were expected this week with scheduled House hearings on the matter. The House Committee on Financial Services, chaired by Congressman Barny Frank and a co-sponser of the newest bill that’s made national news headlines, had a hearing scheduled for yesterday, November 8.
It looked to be an interesting event with witnesses, testimony and two panels set up in front of the Domestic and International Monetary Policy Subcommittee. The participants:
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His gifts? They’re already in the works - hundreds of millions in new cents and up to 500,000 commemorative silver dollars.
Similar to the state commemorative quarters and Presidential $1 Coins, the Lincoln cent is getting a redesign.
Four cents - each with a different theme and release date - will start flowing into your pocket change in early 2009.
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