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The E-Sylum: Volume 11, Number 11, March 16, 2008, Article 21 NEW U.S. FIVE DOLLAR FEDERAL RESERVE NOTE ENTERS CIRCULATION [The Palm Beach Post of Florida was one of the first newspapers to mention the newly designed U.S. five dollar bill. Here are some excerpts from their March 13th article. -Editor] America's greenbacks have gone technicolor. Beginning today, the color of money is purple. At least, the color of Abe's money. The $5 bill joins the list of American money makeovers as the Federal Reserve issues the first of about 1.5 billion redesigned $5 bills that will make their way into general circulation, replacing older bills as they wear out. Ever-stoic Abraham Lincoln will gaze seriously from a pale purple background that fades to gray on the edges. On the back side, a fat purple 5 in the bottom right-hand corner will distinguish the new bill from its predecessors. "We wanted the new bill to scream, 'I am a five, I am a five,'" Larry Felix, director of the U.S. Bureau of Engraving and Printing, said last fall when the redesign was announced. The funny-looking money with the larger and off-center portraits is part of the effort to stop real funny money. "We want to stay ahead of the counterfeiters," said Federal Reserve Board spokesman Jeff Smith. The $5 bill wasn't scheduled for a re-do, but counterfeiters began bleaching $5 notes and printing fake $100s because some security features of the two bills were in the same locations. A new design for Benjamin Franklin's $100 bill will be announced later this year. Don't rush to your local bank branch looking for the new notes today. The new $5 bills likely will appear locally in a week to 10 days, after the branches put in orders for money. To read the complete 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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