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Topic: UNVEIL NEW $50 NOTE DESIGN  (Read 4383 times)
suretteda
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« on: April 26, 2004, 11:07:04 am »

Media Advisories

THE DEPARTMENT OF THE TREASURY AND THE FEDERAL RESERVE TO UNVEIL NEW $50 NOTE DESIGN

Latest in Safer, Smarter, More Secure Currency Designed to Stay Ahead of Counterfeiters

Fort Worth, TX - April 15, 2004 - The Department of the Treasury and the Federal Reserve will unveil the new design and updated security features for the $50 bill that will enter circulation in late September or early October. The $50 note is the second denomination in the Series 2004 currency to be redesigned. The first was the $20 note, which was issued last October.

Following the unveiling of the new $50 note, U.S. Government officials will inaugurate the new Visitor Center of the Western Currency Facility and take the media on a behind-the-scenes tour of the production floor to see the new $50 notes as they come off the presses.

Who: John W. Snow, Secretary, The Department of the Treasury
Mark W. Olson, Member of the Board of Governors, Federal Reserve System
C. Danny Spriggs, Deputy Director, United States Secret Service
Thomas A. Ferguson, Director, Bureau of Engraving and Printing  

When: Monday, April 26, 2004
Press arrivals begin at 7:00 a.m., set-ups must be complete by 8:30 a.m. Please bring a valid press credential, a government-issued photo ID and allow time to clear security.  

9:00 - 9:30 a.m. Remarks by principals, unveiling of new $50 note design  

9:30 - 10:15 a.m. Media tour of Western Currency Facility production floor

10:15 - 11:00 a.m. Agency spokespeople available to media for Q&A  

Where: Bureau of Engraving and Printing's Western Currency Facility
9000 Blue Mound Road, Fort Worth TX 76131

RSVP: All attending press must call 202-530-4887 by 5:00 p.m. EST, Thursday, April 22 with name, media organization and phone number for security clearance.

Interviews:  One-on-one media interviews can be scheduled in advance by calling Penny Kozakos at 202-530-4887.

Materials:  A complete media kit on The New Color of Money is available in the "Media Center" at www.moneyfactory.com/newmoney or by calling 202-530-4887. Digital images and other event information will be available for download following the event. Media kits will not be available until after the event.

B-roll:  B-roll of The New Color of Money, which includes footage of the newly redesigned $50 note in production, soundbites from Director Ferguson and footage of the new Visitor Center at the Western Currency Facility, will be available by calling 202-530-4887 beginning April 26.

The new $50 notes will be safer, smarter and more secure currency: safer because they will be harder to fake and easier to check; smarter to stay ahead of tech-savvy counterfeiters; more secure to protect the integrity of the U.S. currency.

Because counterfeiters are turning increasingly to digital methods and as advances in technology make digital counterfeiting easier and cheaper, the government is staying ahead of counterfeiters by updating the currency every 7-10 years.

The $50 note will be followed later by a new $100 note. Decisions on new designs for the $5 and $10 notes are still under consideration, but a redesign of the $1 and $2 notes is not planned.

http://www.moneyfactory.com/newmoney/main.cfm/media/advisory04152004
« Last Edit: April 26, 2004, 11:19:55 am by suretteda »
suretteda
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« Reply #1 on: April 26, 2004, 02:40:17 pm »

New currency - About the New $50 Notes

About the New $50 Notes

Confidence. Trust. Value. That’s what the American dollar stands for, around the world. This is made possible through continuous improvements in currency design and aggressive law enforcement that protect the integrity of U.S. currency by guarding it against counterfeiting.

The government introduced a new $20 note design in 2003 and will continue with other denominations. A new $50 note will be issued beginning on September 28, 2004, followed later by a new $100 note. Decisions on new designs for the $5 and $10 notes are still under consideration, but a redesign of the $2 and $1 notes is not planned. The new bills will remain the same size and will use the same, but enhanced, portraits and historical images. Above all, the world will continue to recognize the new money as quintessentially American.

A comprehensive public education program which was launched with the introduction of the new $20 note will continue with the introduction of the $50 note. These efforts focused on communicating key security and design features of the new designs so that the public will recognize the new currency and check it to ensure genuine. This program boosted public awareness of the new $20 note’s features from 73 to 85 percent, and representatives of major banks credit public education with a smooth introduction of the new $20 note.

Security Features
The new $50 notes will be safer, smarter and more secure: safer because they’re harder to fake and easier to check; smarter to stay ahead of tech-savvy counterfeiters; more secure to protect the integrity of U.S. currency. Because security features are difficult for counterfeiters to reproduce well, they often do not try, hoping that cash-handlers and the public will not check their money.

Watermark: Hold the bill up to the light and look for the watermark, or faint image, similar to the large portrait. The watermark is part of the paper itself and it can be seen from both sides of the note.

Security Thread: Hold the bill up to the light and look for the security thread, or plastic strip, that is embedded in the paper and runs vertically to the right of the portrait. If you look closely, the words “USA 50” and a small flag are visible along the thread from both sides of the note. In the newly redesigned $50 note, the security thread is slightly wider than it has been on previous notes to make it easier for the public to read the words printed on it and verify the authenticity of the note. For the $50 note this thread glows yellow when held under an ultraviolet light.

Color-Shifting Ink: Look at the number “50” in the lower right corner on the face of the bill. When you tilt the note up and down, the color-shifting ink changes from copper to green. The color shift is more dramatic in the newly redesigned notes, making it even easier for people to check their money.

Microprinting: Because they are so small, microprinted words are hard to replicate. The redesigned $50 note features microprinting on the face of the note in three areas: the words “FIFTY,” “USA,” and the numeral “50” can be found in two of the blue stars to the left of the portrait; the word “FIFTY” can be found repeated within both side borders of the note; and the words “THE UNITED STATES OF AMERICA” appear on President Ulysses S. Grant’s collar, under his beard.

Low-Vision Feature: The large numeral “50” in the lower right corner on the back of the bill is easy to read.

Federal Reserve Indicators: A universal seal to the left of the portrait represents the entire Federal Reserve System. A letter and number beneath the left serial number identifies the issuing Federal Reserve Bank.

Serial Numbers: The unique combination of eleven numbers and letters appears twice on the face of the note. On the new $50 note, the left serial number has shifted slightly to the right, compared with previous designs.

Design Features
To stay ahead of currency counterfeiters, the U.S. will be introducing new currency designs every seven to ten years. Not only will many of these design updates add complexity to the note and make counterfeiting more difficult, other features will help the public, particularly those who are visually impaired, to tell denominations apart.

Symbols of Freedom: New symbols of freedom have been designed on the face of the $50 note to represent images of the American flag. The traditional stars and stripes of the United States flag are printed in blue and red behind the portrait of President Grant. A field of blue stars is located to the left of the portrait, while three red stripes are located to the right of the portrait. A small metallic silver-blue star is located on the lower right side of the portrait. The symbols of freedom will differ for each denomination.

Color: The most noticeable difference in the newly designed $50 note is the addition of subtle background colors of blue and red to both sides of the note. Also, small yellow 50s have been printed in the background on the back of the note. The Series 2004 notes mark the first time in modern American history that U.S. cash will include colors other than black and green. Different background colors will be used for the different denominations. This will help everyone to tell denominations apart.

Updated Portrait and Vignette: The oval borders and fine lines surrounding the portrait of President Grant on the face and the United States Capitol vignette on the back have been removed. The portrait has been moved up and shoulders have been extended into the border. Additional engraving details have been added to the vignette background.

A Smooth Transition
More than 150,000 contacts were made with representatives of the cash-handling industry to help them to prepare for the new $20 notes issued in 2003. Work is already well underway to prepare them for the new $50 note, and outreach has been extended to manufacturers of self-service checkout counters, which are becoming increasingly prevalent at retail locations.

You won’t have to exchange your old bills for new ones. Your old money will always be good. Every U.S. currency note issued since 1861 is still redeemable today at full face value. Both the new notes and the older-design notes will continue to be legal currency at full face value. The U.S. has never devalued its currency and will not do so now.

http://www.moneyfactory.com/newmoney/main.cfm/currency/new50
« Last Edit: July 05, 2004, 05:56:58 pm by suretteda »
 

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