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Greenbacks Head for a Makeover
Newsday ^ | June 17, 2002 | JEANNINE AVERSA-- Associated Press Writer

Posted on 06/17/2002 7:08:01 PM PDT by Willie Green

Edited on 09/03/2002 4:50:40 AM PDT by Jim Robinson. [history]

WASHINGTON -- Benjamin Franklin in orange. Andrew Jackson with purple hair. Those crinkly greenbacks tucked into your billfold aren't going punk, but they are headed for another makeover that may make them more colorful.

Some paper bills might even sport a spot of 3-D.

The addition of color and technology that looks like 3-D holograms are some of the ideas being floated as the government works on designing new bills to thwart high-tech counterfeiters. That's a continuing challenge in a world where large quantities of bogus notes can be produced easily and quickly using increasingly sophisticated computer technology.


(Excerpt) Read more at newsday.com ...


TOPICS: Government
KEYWORDS: monopolymoney
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1 posted on 06/17/2002 7:08:01 PM PDT by Willie Green
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To: Willie Green
Does that mean you will be posting as willy purple or wily blue in future as well?
2 posted on 06/17/2002 7:33:51 PM PDT by AdA$tra
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To: AdA$tra
Nope. I have confidence in the security features of FreeRepublic.
There is little chance of anybody counterfeiting my screen name.
3 posted on 06/17/2002 7:40:17 PM PDT by Willie Green
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To: Willie Green
In the 2001 fiscal year, $47.5 million in counterfeit bills got into circulation in the United States, says the Secret Service, which was created in 1865 to stem rampant counterfeiting at the time. Of that amount, $18.4 million -- or 39 percent -- were computer-generated notes, the rest made in other ways.

Does such a small amount (as a percentage of the total dollars in circulation) justify a total overhaul? I think not.

This is another step towards a cashless society.

4 posted on 06/17/2002 7:44:07 PM PDT by Mulder
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To: Willie Green

,,, five bucks says you'll stay with good old greenbacks.
5 posted on 06/17/2002 7:45:40 PM PDT by shaggy eel
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To: shaggy eel
How much is that thing REALLY worth?
Will it buy one of these?:


6 posted on 06/17/2002 7:53:19 PM PDT by Willie Green
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To: Willie Green
,,, does it really matter as long as it's a nice colour? Hey, don't send me anything with "Clark" on it! That's a very dirty word where I am.
7 posted on 06/17/2002 7:56:09 PM PDT by shaggy eel
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To: Mulder

You were doing so well. And then you went paranoid on us.

8 posted on 06/17/2002 7:58:02 PM PDT by Nick Danger
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To: Willie Green

,,, there ya go, we can do it in green too. That's a little under $US10, but we've got other colours to save confusion.

9 posted on 06/17/2002 7:59:54 PM PDT by shaggy eel
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To: shaggy eel
,,, five bucks says you'll stay with good old greenbacks.

Dumb question, how did Australia, New Zealand and other parts of the Commonwealth
end up with dollars and not pounds sterling?
(I've wondered about this on occasion for years...)
10 posted on 06/17/2002 8:02:19 PM PDT by VOA
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To: Nick Danger
You were doing so well. And then you went paranoid on us.

Five years ago, people who talked about gun confiscation, global taxes, global courts, and implantable microchips were considered "paranoid" as well.

When viewed with an open mind, it's pretty clear what the tyrants have in store for us.

11 posted on 06/17/2002 8:04:17 PM PDT by Mulder
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To: Willie Green
"Some of the bills of the late 1860s are so colorful because of the combination of the inks and special hued paper that collectors refer to them as Rainbow Notes," said Lyn Knight, whose business auctions rare U.S. and foreign bills to collectors...."I think our currency right now is the most boring in the world," he said.

Our currency is more dignified than boring. If Knight is looking for boring, he should check out the backs of Canadian bills. With the exception of the newly designed $10 Cdn (a very colorful bill, BTW), they feature birds like a kingfisher and a loon. I like nature scenes as much as the next guy (I even have wildlife designs on my checks), but Canada's efforts are a bit uninspired IMO.

Boring is better than tacky anyway. One good thing about the euro is that the French don't have the crappy little 20 franc bill of Claude Debussy to carry around anymore.

12 posted on 06/17/2002 8:07:52 PM PDT by Mark Turbo
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To: VOA
,,, on July 10 1967 New Zealand switched to decimal currency. I'd never go back to pounds, shillings and pence. We went to metrics in 1973 and wouldn't go back to imperial either - it's as simple as 10, 100, 1000.

I still can't understand how your mega economy could stick with stock quotations in eighths of dollars and decimalise the invoices for so long on the basis of tradition.

From the outset you got it right with 100 cents to a dollar, why did the NYSE take so long to change?

13 posted on 06/17/2002 8:07:57 PM PDT by shaggy eel
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To: shaggy eel
Hey, don't send me anything with "Clark" on it! That's a very dirty word where I am.

Well Clark Bars have a very well respected reputation here in the U.S.

14 posted on 06/17/2002 8:11:13 PM PDT by Willie Green
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To: Mark Turbo
,,, the US notes are dignified, can't argue with that. All being the same colour though, I've found that when I'm in the US, I've really got to pay attention as I part with them.
15 posted on 06/17/2002 8:11:38 PM PDT by shaggy eel
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To: Willie Green
,,, the vernacular
16 posted on 06/17/2002 8:15:24 PM PDT by shaggy eel
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To: Willie Green
""I think our currency right now is the most boring in the world..."

Gotta agree with that. The US currency looks like it was thought up by the world's worst art director. Plus, all the bills are the same size and color, and the treasury insists on not terminating the dollar paper note. So you wind up with a wallet bulging with ones that have little purchasing power.

I certainly don't agree with a lot of European politics, but the money over there is at least interesting - and it used to be more so before the Euro. (Still cannot believe that the French and Germans gave up on their beloved Francs and Marks...) It's easier to shop with European-style money, too - you can see at an instant's glance the denomination of the bill in your hand (by its size and color) and the monetary unit standard is a COIN - which last 20 times longer than a paper note. One of the things I love about spending with coins is that shoppers don't have to struggle with wallets, coin purses inside wallets secreted inside organizers stuffed in big purses held by large carry-all bags. In Europe, almost everyone wears garments with coin pockets, and if you want something, you can fish out a coin with one hand, pay, and move out of the way.

Here in the States, some women make a career out of getting out enough money to pay from within the nether reaches of their NSA-designed handbags.

Michael

17 posted on 06/17/2002 8:16:12 PM PDT by Wright is right!
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To: shaggy eel
From the outset you got it right with 100 cents to a dollar, why did the NYSE take so long to change?

I suspect those fellows on Wall Street were just too busy counting their profits!
So why waste time with a sensible change to a decimal system? (I am being facetious)
I'm sure it had a lot to do with "tradition". My father was a lab technician at an oil
company from the 1950s to the early 1990s.
As much as I try to reason with him, he still thinks metric system is confusing
and would still be working in English units if he hadn't retired.
Oh, and I know that at least into the mid 1980's steam tables (for engineers) were still
in English units.


Thanks for the info. on the dollar in New Zealand.
18 posted on 06/17/2002 8:17:26 PM PDT by VOA
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To: VOA
,,, thank you too.
19 posted on 06/17/2002 8:20:09 PM PDT by shaggy eel
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To: shaggy eel
If you're ever in Canada (I live about 30 miles away in Michigan), this will grab your attention:
Front of new $10 Cdn. (picture of Sir John MacDonald)
Back of new $10 Cdn.
20 posted on 06/17/2002 8:32:33 PM PDT by Mark Turbo
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