The E-Sylum:  Volume 9, Number 27, July 2, 2006, Article 11

U.S. FIVE DOLLAR BILL TO GET UNPLANNED MAKEOVER

"Honest Abe is going to be more colorful after all. The government
said Wednesday it had reversed course and decided to redesign the
$5 bill with a splash of color to keep counterfeiters at bay.

Originally, the Bureau of Engraving and Printing had planned to
exempt the $5 bill and Abraham Lincoln, the 16th president, from
the design makeovers introduced over the past three years for the
$50, $20 and $10 bills.

But officials said they changed their minds in part so they could
respond to a new scam in which counterfeiters are bleaching the ink
off $5 notes and then printing counterfeit $100 bills on the bleached
paper.

"We have to stay ahead of any threats we see evolving," the director
of the Bureau of Engraving and Printing, Larry Felix, said in an
interview with The Associated Press."

"Felix said Lincoln's portrait will remain on the $5 bill, as will
the Lincoln Memorial on the other side, but the presentations of both
images may be updated slightly.

Under the timetable, the bureau will settle on a new design for the
$5 bill by the fall of 2007 and hope to begin introducing the new
notes in the first quarter of 2008."

To read the complete Associated Press article, see: Full Story

To read the Bureau of Engraving and Printing's June 29 
press release, see: Full Story

  Wayne Homren, Editor

	coinbooks.org Web

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