I just read an article in Coin World that the new redesigned series 2004A $10 FRN is scheduled to be introduced at Ellis Island on Sept. 28, so in a couple weeks we'll see what the BEP came up with! They expect the notes to enter circulation in 2006. The new $100 will be next, with no redesign scheduled for the $1, $2 or $5.

ellis island? something tells me the new background image behind hamilton will be the statue of liberty.

very cool

I'll be waiting.

Quite likely, any guess as to the background color? I say blue, since we have green on the $20 and pink on the $50.

I was under the impression that the Fed was not going to touch the $10 and $5, but only the $20, $50, and $100.

I never cared for the new uncoloured note, but I like the newer coloured notes, having to handle a lot of $ bills, they stand out in transactions.

It's scheduled to come out today, haven't seen any news on it yet though.

i like it!

Very Cool Looking!!!

-Bobby

I think it's great.

I heard about that on the news just this morning on my way into work. They are supposed to be coming out today, but was told that they wont be hitting our wallets til next year.

Nice!

The front looks very nice, but the back is ehhh.

Front is great, reverse is.......eh.

Neutral opinion from me!

Orange/pink? I'm a bit suprised, I don't like it when two notes have simular colors. It is defiantely different, though!

LOLz

I guess I agree with you guys. The back looks like they cut the Treasury out of the old bill and pasted it on a new orange bill.

-Bobby

Beautiful design, except for the little yellow "10's" on the front-left and back-right - looks like swarms of bees.

Can't wait to see what they do with the $100.

On another note, I wish they would consider a $250 and/or $500 denomination in the future.

Oh man, my girlfriend said that same thing. She loves the front but said the back looked like the mint was too tired and just threw something together.

The reverse looks too much like the White House reverse of the $20.

I got an old $10 from the 1995 series the other day, I miss the Model T's:)

I don't think they would ever come out with a $250 note since there is absolutely no historical basis for this, and our government is not really good with new ideas. Certainly a $500, $1000, $5000 or $10000 are possible, but I think it is the governement's position that anything larger than $100 makes criminals' lives too easy (that's from a BEP official I spoke with at the Portland ANA).

By the way, a point of clarification, the mint had nothing to do with this design as all paper currency is designed and produced by the BEP.

This is actualy a security feature IIRC. Newer scanners and copiers are programmed to recognise this and not copy it Its the 0s that it recognises. They are on the new $20 and $100s also. Also other countries have these on their notes. I have never tested it but would be interesting to see what they do.

Also ther ewas a post recently that had some examples of this, I will try to find it.

-Bobby

Yes here it is:

http://coinpeople.com/index.php?showtopic=3591

All about it with a few examples.

-Bobby

Actually, there is. Think Quarter Eagle. That's what made me think of $250 and not $200.

I just don't think you could make that leap. A quarter eagle was an odd denomination at $2.50, but to just multiply by 100 to come up with a $250 bill in weak at best. I know the euroland has a 250 note, but just think of the confusion by average Americans of thinking in terms of a $250 bill, we already have sad cases of people taking gag $200 novelty notes, it would just be very confusing. In addition, I doubt there are many people alive today who could even relate to a quarter eagle in commerce, much less make the connection to a $250 bill.

There are a lot of historical precedents, for $3, $4 bills, even fractional notes, but these will not likely ever be used again. Some larger denominations like the $500 or $1000 might make some sense, but given the American school system, the last thing the Fed or BEP would want to do is introduce something that could somehow relate to fractions (i.e. I have this bill which is worth 2 1/2 of the next lower denomination). You just have to keep it in whole numbers to make the math easy (it's sad, I know). Still the main reason, and the one quoted to me by the BEP official when I asked this was that higher denominations make crimes too easy, hence the $100 will be the biggest for a while to come. Maybe it will change someday, but I doubt it will until we either experience hyperinflation, or until criminals deside to switch to Euros.

OK, forget the Quarter Eagle. How about just a plain old Quarter? A Quarter is worth 2½x a Dime and people don't seem to have a problem with that. I really don't see the difference.

I guess I just give the "average American" a little more credit. I think they would have a pretty good idea of how to change out a $250 bill.

We have quarters yes, but we don't have $25 bills. I think you'd probably have more luck with a $200 than a $250, at least that is very even. Maybe I am being harsh on the American public, but look at the trouble clerks and such have with half dollars, or dollar coins or $2 bills. They don't like the odd denominations. To the average American, we have 4 coins and 6 bills and that is more than enough.

Well i like it. Odd choice of colours though. The fact that it's orange though came as no surprise to me, there seems to be a thing for all 10 whatever notes being orange/red or brown (autumn colours). At least this is true of the other two major currencies the euro and pounds sterling. Now the US dollar has joined the fold.


I like orange so perhaps that's why i like it?


But green on the $20 seemed a silly colour to pick if you ask me. The main colour of the notes (the numbering, seal etc.) are all green, i would have though that since most of the redesigned notes seem to have some green in them somewhere still that they would have missed that colour.

I'd vote either red or purple for the $100, red is a bit close to orange and pink though. I would save blue for the $5 if they ever decide to redesign that one in the future at any time. The fact that the $1 is not being redesigned though is a good sign...

Yeah, you raise some good points. I guess I'm thinking more from a collector's point of view. I always like to see new and different things.

Yes, from a collector point of view I would love to see a lot of things! I'd love to see a commem double eagle and quarter eagle someday, maybe a commem $3 and stella. I'd have loved it if they never stopped producing the larger denominations, and of course I'd love to be on the gold standard again pegged at $20.67/oz!

Actually, they have a 200, and not a 250.

I stand corrected, I must have been thinking of the old 250-guilder notes (of course the Netherlands also had a 25-guilder note so it made sense to have a 250).

All these high denominations! And the best the UK could manage was a £50 note... which frankly doesn't circulate due to concerns about forgery. So we have to deal with twenties.

There's no £100 note?

I have to agree with jtryka. I do not think you will see any higher denomination printed until inflation makes it relevant. I think electronic and/or check payments trump notes when it gets to larger transfer of money.

I looked on the Bank of England website, and they only list 1, 5, 10, 20 and 50-pound notes, the only country I know of with fewer denominations than the US!

And the £1 I think was withdrawn in 1988, which leaves only 4 circulating denominations.

Canada only has 5 denoms, $5-100.

And 50s don't circulate. Up until recently £5 notes were fairly hated (the old series wore real bad, life expectancy was less than a year)... only the £10 and the £20 notes were actually liked. Most people i've spoke to see £5 notes as change, i think this is partly because bank machines do not give them out, £10 is lowest note given out. There was rumours of the £5 note being ditched... but they redesigned it three years back using tougher paper. Hopefully next redesign due in a decade or less will see the fivers axed and replaced by coins.

Anyone know when these will be released for circulation?

Japan used to have only three, with the denomination 1,000 , 5,000 and 10,000 yen notes. 2,000 yen note was issued in the year 2000 but there was some sort of conversial issue over it and it is SO rarely circulated nowadays in Japan. Probably dead especially when the new series just appeared this year.

Korea too currently have 3 notes, 1,000 , 5,000 and 10,000 won. Unlike Japan, you should notice the exchange rate, which makes it to 1, 5 and 10 dollars!!! (with very rough approximation) But having a large wad of notes??? That sure is horrible!!! This has been going on for over 20 years if I am not wrong. So there are plans to make larger denominations in the following year...

In the last 10 years of socialism in Romania (1978-1989) only 4 banknotes were in circulation: 10 Lei, 25 Lei, 50 Lei and 100 Lei. Before that (1966-1978) was and 1 , 3 and 5 lei notes, but after the issuing of 5 lei large aluminum coin in 1978 these were eliminated from circulation.
Right now we have a mix salad of new and old notes in pockets: 1 leu, 5 lei, 10 lei 50 lei 100 lei and 500 lei (new denomination 2005) and 10000, 50000, 100000, 500000 and 1,000,000 lei.
11 notes by different sizes!
Coins also: 1 ban, 5 bani, 10 bani and 50 bani 2005 or 500 lei, 1000 lei and 5000 lei.
New Lei - old Lei exchange rate: 1 to 10,000.
If you want to buy a T Shirt for example (450,000 old Lei), and pay with a new 500 lei note, you receive 4 x 1,000,000 old lei notes, 4 x 10 new Lei and one 50,000 old lei.
Old people here are very confused!

I understand it completely, haven't they just done the same thing in Turkey? Just dropped a handful of noughts off of the end.

Trust me if i can get my head round 2 shillings being 10 pence but also 24 pence at the same time, then i can figure out a system working in 10s.

I want that one!!!!

2006.

Thanks.

Very cool looking, cant wait to see in person

great¡¡

Yup, on 1-Jan-2005 the old Lira was replaced by the Yeni (new) Lira: 1,000,000 TL = 1 YTL. Now that more than 90 percent of the circulating cash is YTL coins and notes, calculating amounts has become easier again. But in the first few months it must have been difficult for some ...

By the way, to me both the Romanian and Turkish new coins look as if they had been sponsored by the bank note industry. Fairly dull and unimaginative.

Christian