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 Tuesday, May 15, 2007
New $100 bill to include Motion
Posted by george

The BEP has told us long ago that the $1 and $2 will not be redesigned. It has already been announced that 2008 will see a new design for the $5. matching the 10-20-50 with color and a off-center, larger head. That just left the $100 for a make-over.

Well, slowly, information on that makeover is coming to light.

Some background:

Our nation’s currency paper is supplied by just one firm – Crane & Co. of Dalton, Mass. That manufacturer several years ago, purchased the printing and paper company AB Tumba Bruk in Sweden.

The Bureau of Engraving and Printing – the sole printer for US Currency, located in Washington D.C. and Fort Worth, Texas, had a most unsuccessful attempt at introducing web fed technology for bank note production in the late 1980s. It has continued with sheet fed production with presses that currently handle 32 subjects per sheet. They have recently purchased new presses that will handle 50 subject sheets. (One new press already in use still prints notes on 32 subject sheets, the change to 50 subject sheets will not take place until most of the new presses are operational.) Cranesample.JPG

The new security feature that Crane has developed is called Motion™. One the Crane sample note at right, the item is visible as the wide security strip vertically near the center of the note. The feature has recently been introduced on the new circulating Swedish 1000 Krone note issued this year. You may view it at the Rigsbank website: http://www.riksbank.com/templates/Page.aspx?id=20647

The Motion™ technology can be found at the Crane AB website: http://www.crane.se/site.aspx?id=570

We think that the Benjamin Franklin and Independence Hall designs will remain on the 100, but what will be the emblem of freedom, or the object in the Motion™ security device…that is not public information yet…

George Čuhaj  


Bank Note Technologies
5/15/2007 2:43:44 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]
 Wednesday, May 09, 2007
High (Face) Value Bank Notes
Posted by george

 

Last week the Canadian Mint unveiled their 22-inch pure gold coin with a face value of one million dollars (Canadian, of course), which they sell for about three million (Canadian). They have already nearly ten orders for it in just the first week. That follows by a year the Austrian Mint’s introduction of a gold 100,000 euro coin.

 

So I’ve been wondering what current high value bank notes are out there for the public. (Not counting inflationary issues).

 

The winner happens to be Thailand. In 2000, the Royal Bank of Thailand commemorated the King's 50th Wedding Anniversary with a 500,000 Baht face value note to raise money for the King’s Charities. The note features profile portraits of the King and Queen. The size is impressive too, at 126 x 205 mm. Only 1998 pieces were issued. I was unable to secure an immage from the Royal Bank, sorry. For those who did not wish to participate in the nearly $20,000 dollar price tag (The note was sold above face value) the same design was made in a 50 Baht denomination, which comes in a very handsome discriptive folder.

 

For now…

 

George Čuhaj

Currency Notes



5/9/2007 11:47:31 AM (Eastern Daylight Time, UTC-04:00)  #  Comments [0]
 Tuesday, May 01, 2007
New Bills or Old Bills
Posted by george

Who is responsible for the currency in use?

 

Well, if you listen to the banks, we are. If you request $2.00 bills, then the banks will order them, and you will get to use them, (along side your one dollar coins.)

 

If you request paper dollars, well then, the banks will give you those. If you request dollar coins, then you should get those.

 

So, do you bother to request NEW paper bills, or do you just take what they give you?

 

For now…

 

George Čuhaj

Currency Notes



5/1/2007 4:57:32 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [1]
 Tuesday, April 24, 2007
George Washington Dollars - Which one?
Posted by george

Since mid-February we have had the opportunity to use our third incarnation of a circulating small size dollar coin since 1978.

The three standard problems with the Susan B. Anthony were the similar color and reeding to the quarter, and the continued distribution of the paper dollar. The 1999 Sacagewa fixed the color and reeding part with its golden tone and smooth edge, but the distribution of the paper dollar continued. Now we will be faced with issues of four presidents a year, plus a continued minting of the Sacagewa for the next twelve years. But wait, why are there no dollar coins in our pocket, because we are still using the familiar paper money.

So, what will make the success of the dollar coin a reality is the withdrawal of the paper dollar, the re-introduction of the $2.00 bill as the low denomination workhorse of America’s currency system, and extended use of the five dollar bill.

No, you are not going to be carrying around ten “heavy” one dollar coins, you’ll be carrying around just one or two, and having a stock of $2 and $5s paper in your wallet.

Get used to it.

George Cuhaj
Currency Notes


World Coin Stuff
4/24/2007 12:07:47 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [3]