U.S. Treasury Department announced a change to the $10 bill, on Wednesday. A new face of a woman will appear on the $10 bill beginning in 2020, as the face of the first U.S. Secretary of the Treasury Alexander Hamilton (1789–95) is scheduled to get the axe from the front of the bill.
George Washington must always remain on the $1 bill and by law, no living person may appear on paper currency.
The redesign of the new $10 bill will involve intricate planning that will incorporate new anti-counterfeit measures as well as tactile features for the blind.
Hamilton played a leading role in developing the nation's financial system and has been on the $10 bill since 1928. His face will either be on the reverse side of the new $10 bill or will be added in a separate series of bills.
Currently there are 1.9 billion $10 bills in circulation that will likely last another 10 years.
Jacob (Jack) Lew, U.S. Treasury Secretary, is seeking public input on which historical female figure should appear on U.S. paper currency for the first time in 119 years. Lew said, "We're going to spend a lot of time this summer listening to people," Lew said. The final decision of which woman will appear on the new ten, could come as early as the fall of 2015.
In 2014 President Barrack Obama endorsed the idea for a woman to appear on paper currency, saying it is "a pretty good idea."
Pocahontas was the first woman to appear on paper currency, the $20 note in 1865.
No woman has appeared on paper currency since 1896 when Martha Washington was on a $1 silver note.
Contributed by Millennium Traders
Sections
Categories