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The E-Sylum: Volume 7, Number 36, September 5, 2004, Article 14 NEW $50 DEBUTS IN PITTSBURGH Lost among the blockbuster rare coin exhibits at the recent American Numismatic Association convention in Pittsburgh was the first public display of the new U.S. $50 bill at the Bureau of Engraving and Printing booth. From a local news story headlined "The new $50 bill has more hidden features than James Bond's watch.": "The Treasury plans to begin circulating 140.8 million bills Sept. 28, said Antoinette Banks, numismatic coordinator for the Bureau of Engraving and Printing. This denomination accounts for less than 7 percent of all the money in circulation, Banks said. Like the latest version of the $20 bill released last year, the most striking feature of the new $50 bill is its abandonment of the venerable monotone color scheme. The bill is colored at both ends in blue, red and purple. The center portrait is still Ulysses S. Grant, but the border around the 18th president is gone and his shoulders extend to the bill's bottom border." "With 66 percent of U.S. currency circulating outside the nation, American money is the most counterfeited in the world, said Edward Arrich, 56, of Houston, Texas, who is in town for the gathering. Most developed nations have switched to colored ink because it's tougher to copy, and it's about time the United States caught on, said Arrich, a numismatist since he was 12. "There are countries where shopkeepers won't take $50 or $100 bills older than 1991" because they've been counterfeited so much, he said. On this new $50 bill, there are 26 anti-counterfeiting measures, he said, adding conspiratorially, "that are known, anyway." To read the full article, see: Full Story Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@coinlibrary.com To subscribe go to: https://my.binhost.com/lists/listinfo/esylum | |
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