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New $10 Bill
- Thread starter Macaddicttt
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My concern is that it is worth less than the old used to be!
[Waving Fists At The Air]Damn you inflation, damn you to hell[/Waving Fists At The Air]
[Waving Fists At The Air]Damn you inflation, damn you to hell[/Waving Fists At The Air]
I have a brilliant idea...
let's bleach all the $1 bills and reprint them as $100's
The only problem is the ink is a controlled commodity and not at all easy to come by...
let's bleach all the $1 bills and reprint them as $100's
The only problem is the ink is a controlled commodity and not at all easy to come by...
Update on my previous post about the "redesigned one"...
It was actually a very well Photoshopped rendering of what one would look like. Does anyone want to make one here, big head style? Maybe throw in some "extra security background features"? Some color? Put the Washington Monument and reflection ppol on the back instead of what we have?
Then again, don't we have a section where we can request photos, too?
It was actually a very well Photoshopped rendering of what one would look like. Does anyone want to make one here, big head style? Maybe throw in some "extra security background features"? Some color? Put the Washington Monument and reflection ppol on the back instead of what we have?
Then again, don't we have a section where we can request photos, too?
Loonie
The funny thing is that Canadian history would have been totally changed
if the mint hadn't lost the dies for the first $1 coin. It had two voyagers
in a canoe so we probably would have called it "a dollar" instead of a loonie
(due to the loons on the current coin).
Without the loonie we probably wouldn't have called the $2 coin a twoonie
either.
Greg
katie ta achoo said:Hehe, during Fed Challenge/economics yesterday, someone was reading an article about the Forex market, and the "Canadia Loonie" came up. I was the only one that knew what it really meant.
After I explained it, we laughed ourselves silly.
john:"Canadian money has a funny name"
kt: and an even more hilarious exchange rate!
Don't worry, I still love ya, canada.
The funny thing is that Canadian history would have been totally changed
if the mint hadn't lost the dies for the first $1 coin. It had two voyagers
in a canoe so we probably would have called it "a dollar" instead of a loonie
(due to the loons on the current coin).
Without the loonie we probably wouldn't have called the $2 coin a twoonie
either.
Greg
I'd love for us to get off the whole single dominate color thing. Each bill should be a different color. Plus, no person deserves to be on a piece of money more than once, so we need to replace some people on coins and bills. Plus get rid of the $1 bill, and begin widespread use of the $2 Bill.
TEG
TEG
TEG said:
Whoo hoo! (AKA: W00t) I love ya man! Well, I don't totally agree with changing the faces of people, but using the two is a must. Maybe with widespread use it would even be redesigned. (Another rendering, anyone?)
TEG said:
Yeah, a dollar is not what it used to be (in terms of buying power, anyway) so why not make it 'small change' (read as 'coin')
Also, like what Australia did, why not round prices out to the nearest 5c amount and eliminate the 1c coins? I know you could loose out on a round up sometimes, but yuo benefit from a round down as well - $2.51 to $2.53 rounded down to $2.50 and $2.54 rounded up to $2.55.
And it has been mentioned elsewhere in this thread but why not have prices include the tax amount ie - the total price. Sure there would be an actual price difference in some either side of a border, but wouldn7t the consumers along said borders be aware anyway and when purchasing high cost and/or high tax items choose the cheaper store? I would.
If you Think This dollar bill is ugly, check out the new Hong Kong ones:
http://www.maoxian.com/images/200502/2002HK10.jpg
http://content.answers.com/main/content/wp/en/1/1a/Hk_money_banknotes.jpg
Nearly all my friends agree that the old ones are a lot better looking. you won't realize how hidious the new money is unless you have lived in hong kong before, and used the currency a lot, and then suddenly use these smudgy, ugly notes.
the old HK notes: http://www.portalino.it/images/bb/hk.htm
http://www.maoxian.com/images/200502/2002HK10.jpg
http://content.answers.com/main/content/wp/en/1/1a/Hk_money_banknotes.jpg
Nearly all my friends agree that the old ones are a lot better looking. you won't realize how hidious the new money is unless you have lived in hong kong before, and used the currency a lot, and then suddenly use these smudgy, ugly notes.
the old HK notes: http://www.portalino.it/images/bb/hk.htm
Treasury Secretary Jack Lew is expected to announce this week that Alexander Hamilton's face will remain on the front of the $10 bill and a woman will replace Andrew Jackson on the face of the $20 bill, a senior government source told CNN on Saturday.
Lew announced last summer that he was considering redesigning the $10 bill to include the portrait of a woman. The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.
Those pressures led Lew to determine that Hamilton should remain on the front of the bill. Instead, a mural-style depiction of the women's suffrage movement -- including images of leaders such as Susan B. Anthony -- will be featured on the back of the bill.
A Treasury spokesman declined to comment on the pending changes. But Lew hinted that a decision could come this week.
"When we started this conversation not quite a year ago, it wasn't clear to me that millions of Americans were going to weigh in with their ideas," he told CNBC. "We're not just talking about one bill. We're talking about the $5, the $10, and the $20. We're not just talking about one picture on one bill. We're talking about using the front and the back of the bill to tell an exciting set of stories."
Related: 'Hamilton' creator lobbies Treasury on the $10 bill redesign
Along those lines, Lew also plans to announce this week that Andrew Jackson -- a less beloved former president whose face graces the front of the $20 bill -- will be removed in favor of a female representing the struggle for racial equality, according to the government source.
That decision would place a female on one of the most widely circulated bills in the world. But the historic change placing a female on the front of the $20 note won't come for more than a decade, the source said, since the process for changing the design of that note is still in the early stages.
"The soonest that a new $20 note will be issued is 2030," the source said, citing a lengthy process convened by the Advanced Counterfeit Deterrence steering committee, which includes representatives from the U.S. Secret Service, the Treasury, and the Federal Reserve.
That process isn't likely to be sped up by the Federal Reserve, which issues the currency, given the work that goes into designing secure technology to thwart counterfeiters.
"The blue security ribbon on the $100 note took over 15 years to develop," the source said. "This level of technology is why our counterfeiting remains at less than .01% of currency in circulation. We should not expedite the issuance of any currency for political purposes."
Future Treasury Secretaries -- of which there will be several -- could reverse or alter the decision regarding the $20, making Lew's announcement far less of a clear-cut victory for the movement pushing to place a woman on American currency.
Related: Where is that $10 bill with a woman on it?
The $5 bill will retain Abraham Lincoln on the front, with plans to change the back to include a mural of prominent activities that have taken place at the Lincoln Memorial in Washington.
The idea of including women in a mural on the back of a bill has been called into question.
"It will take a microscope to see who those individuals are, and we'll be left with another decade or more of woefully inadequate representation of women and their worth," wrote the group Women on 20s in an open letter to Lew, published by Time.
"Nobody looks at the back of the bill, and that's not likely to change," the group wrote. "A vignette without a woman's portrait on the front of the bill (even if she must share with Hamilton) will be seen as a token gesture and an affront to Americans of all ages who are expecting you to reveal your choice of a singular woman based on their input. As a friend of ours put it, relegating women to the back of the bill is akin to sending them to the back of the bus. The Rosa Parks analogies are inevitable."
Lew announced last summer that he was considering redesigning the $10 bill to include the portrait of a woman. The decision to make the historic change at the expense of Hamilton drew angry rebukes from fans of the former Treasury Secretary. The pro-Hamilton movement gained steam after the smash success of the hip-hop Broadway musical about his life this year.
Those pressures led Lew to determine that Hamilton should remain on the front of the bill. Instead, a mural-style depiction of the women's suffrage movement -- including images of leaders such as Susan B. Anthony -- will be featured on the back of the bill.
A Treasury spokesman declined to comment on the pending changes. But Lew hinted that a decision could come this week.
"When we started this conversation not quite a year ago, it wasn't clear to me that millions of Americans were going to weigh in with their ideas," he told CNBC. "We're not just talking about one bill. We're talking about the $5, the $10, and the $20. We're not just talking about one picture on one bill. We're talking about using the front and the back of the bill to tell an exciting set of stories."
Related: 'Hamilton' creator lobbies Treasury on the $10 bill redesign
Along those lines, Lew also plans to announce this week that Andrew Jackson -- a less beloved former president whose face graces the front of the $20 bill -- will be removed in favor of a female representing the struggle for racial equality, according to the government source.
That decision would place a female on one of the most widely circulated bills in the world. But the historic change placing a female on the front of the $20 note won't come for more than a decade, the source said, since the process for changing the design of that note is still in the early stages.
"The soonest that a new $20 note will be issued is 2030," the source said, citing a lengthy process convened by the Advanced Counterfeit Deterrence steering committee, which includes representatives from the U.S. Secret Service, the Treasury, and the Federal Reserve.
That process isn't likely to be sped up by the Federal Reserve, which issues the currency, given the work that goes into designing secure technology to thwart counterfeiters.
"The blue security ribbon on the $100 note took over 15 years to develop," the source said. "This level of technology is why our counterfeiting remains at less than .01% of currency in circulation. We should not expedite the issuance of any currency for political purposes."
Future Treasury Secretaries -- of which there will be several -- could reverse or alter the decision regarding the $20, making Lew's announcement far less of a clear-cut victory for the movement pushing to place a woman on American currency.
Related: Where is that $10 bill with a woman on it?
The $5 bill will retain Abraham Lincoln on the front, with plans to change the back to include a mural of prominent activities that have taken place at the Lincoln Memorial in Washington.
The idea of including women in a mural on the back of a bill has been called into question.
"It will take a microscope to see who those individuals are, and we'll be left with another decade or more of woefully inadequate representation of women and their worth," wrote the group Women on 20s in an open letter to Lew, published by Time.
"Nobody looks at the back of the bill, and that's not likely to change," the group wrote. "A vignette without a woman's portrait on the front of the bill (even if she must share with Hamilton) will be seen as a token gesture and an affront to Americans of all ages who are expecting you to reveal your choice of a singular woman based on their input. As a friend of ours put it, relegating women to the back of the bill is akin to sending them to the back of the bus. The Rosa Parks analogies are inevitable."
Not to mention every machine that accepts dollar bills would have to be updated. They have validators in the part where it feeds in to read whether it is a real dollar or not.
Vending companies are actually really in favor of moving to the dollar coin. Broken validators cost a lot in lost sales, but the coin mechanisms rarely break down.
It would be a lot more economical to replace the bills with coins. Coins last forever, bills have a relatively short life, especially ones since they get used and reused so much. The key is to do it like Canada. Immediately cease distribution of the dollar and two dollar bills, and any that are spent are immediately taken out of circulation. People won't like it, but they would have to get used to it.
And getting rid of the penny at this point would be a good idea, but retailers would be unhappy with it, because they couldn't price things at $1.99. They'd have to be $2. Psychologically people see the dollar in the price, not that the price is almost $2. Like stupid gas stations who put prices in 9/10ths on their signs. And states would have to adjust their tax rates to charge in increments of 5 cents. A lot of states charge 6%, so a $1 purchase costs $1.06. I'm sure they wouldn't be happy about going back to 5%.
Thankfully here we have no sales tax. The price you see is what you pay. I think there are only taxes on renting things, like hotel rooms and movies.
WASHINGTON — The Treasury Department will announce on Wednesday afternoon that Harriet Tubman, an African-American who ferried thousands of slaves to freedom, will replace the slaveholding Andrew Jackson on the center of a new $20 note, according to a Treasury official, while the newly popular Alexander Hamilton will remain on the face of the $10 bill.
Other depictions of women and civil rights leaders will also be part of new currency designs.
The redesigns, from the Bureau of Engraving and Printing, would be announced in 2020 in time for the centennial of woman’s suffrage and the 19th Amendment to the Constitution. None of the bills, including a new $5 note, would reach circulation until the next decade.
It was unclear whether details of the unexpectedly sweeping changes would mollify some women’s groups, who had excoriated Treasury SecretaryJacob J. Lew for reneging on his 10-month-old commitment to put a woman on the face of the $10 bill, which is the one currently in line for an anti-counterfeiting makeover.
But in the months of taking public comments on what woman he should pick, Mr. Lew evidently bowed to the Broadway-stoked mania around the $10 bill’s current star, Alexander Hamilton.
NYT
Other depictions of women and civil rights leaders will also be part of new currency designs.
The redesigns, from the Bureau of Engraving and Printing, would be announced in 2020 in time for the centennial of woman’s suffrage and the 19th Amendment to the Constitution. None of the bills, including a new $5 note, would reach circulation until the next decade.
It was unclear whether details of the unexpectedly sweeping changes would mollify some women’s groups, who had excoriated Treasury SecretaryJacob J. Lew for reneging on his 10-month-old commitment to put a woman on the face of the $10 bill, which is the one currently in line for an anti-counterfeiting makeover.
But in the months of taking public comments on what woman he should pick, Mr. Lew evidently bowed to the Broadway-stoked mania around the $10 bill’s current star, Alexander Hamilton.
NYT
The general store in a village near here closed within a year after it changed hands. The new owners decided to charge 3c for penny candy (which had been sold to generations of farmers' kids around here for a penny each long after it probably cost 5c to re-stock it). Maybe the new owners should have left it at a penny. Parents used to go in there, let the kid buy 3 pennies' worth of candies, and then they'd buy ten pounds of flour and five pounds of hamburger since they were in there anyway.
You know the old saying "in for a penny, in for a pound?" Well... "in for three cents" apparently didn't have the same ring to it. I'm sure trying to run a general store in the age of Walmart pricing was a real challenge, but the place to try to compete was certainly not over the loss leader of those penny candies. Also they jumbled the 3c candies all together instead of having them separate so the kids could see how many different ones there were and needle their parents over one more penny, one more penny... The old owner could have told the new ones not to fix what wasn't broken but the new guys had their own ideas and put the focus on stuff like cranberry goat cheese and crostini. Now the place is for sale again.
But I agree about the keeping the dollar bill in US currency. I'd rather have six singles in my wallet than the weight of six dollar coins in the teeny change-pocket of that same wallet.