First New $5 Bill to Be Spent at President Lincoln's Cottage on March 13th
The first redesigned $5 bill, which will continue to feature the portrait of President Abraham Lincoln, will enter circulation on March 13 and will be spent at the gift shop of President Lincoln's Cottage at the Soldiers' Home in Washington, D.C. To access the Media Center and view the entire advisory, please visit www.moneyfactory.gov/newmoney
Coming Next ... a newly redesigned U.S. $10 Note.
Following the successful introduction of the U.S. $20 and $50 notes that have been redesigned over the last two years, the $10 denomination will be the next note slated for a make-over by the Treasury's Bureau of Engraving and Printing. The newly redesigned $10 note is scheduled to be issued by the Federal Reserve in early 2006.
Similar to the new $20 and $50 notes' designs, the updated $10 note will feature enhanced security features, subtle background colors and American symbols of freedom.
For more information on the latest currency redesigns, please visit www.moneyfactory.com/newmoney
A rainbow of
U.S. money to appear in 2003
 Next year, that wallet full of drab greenbacks you're carrying
around will bloom into a paper bouquet of colored money.
The U.S. Treasury plans to combat high-tech counterfeiting
by adding subtle background colors to our bank notes, with fall
2003 as the target date for brighter bills. The $20 will roll
off the government presses first; $50 and $100 bills will sport
new looks 12 to 18 months later. There are no plans to alter
the rarely-faked smaller denominations.
The coming currency changes were officially announced on June
20 by the Federal Reserve and Treasury department. Government
officials offered no hint as to what hues will be used, but
did say the money will contain enhanced security threads that
will glow under ultraviolet light, as well as color-shifting
ink so the eventual shade will change when a note is tilted.
"The idea behind the proposal to place subtle background
colors on the money is really twofold: it will help consumers
to differentiate between denominations while also deterring counterfeiters
from attempting to duplicate currency with computers and those
types of technologies," says Jim Hagedorn, spokesman for
the Treasury's Bureau of Engraving and Printing.
"It is purely a security feature and something to aid
the public. It isn't just something to make it pretty and different."
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