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KNOW YOUR MONEY Donald W. Reid 2011
| Date post: | 14-Jul-2015 |
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KNOW
YOUR
MONEY
Donald W. Reid 2011
Characteristics of United
States Paper Currency
Three types or classes of U.S. paper currency are in use today. The most numerous--accounting for 99 percent of the total value in circulation--are Federal Reserve notes. Most of the remainder are United States notes and silver certificates, which are occasionally seen but are no longer produced.
Donald W. Reid 2011
The designation of the class to which the note belongs appears on the upper center of its face. Each type is identified by the distinctive color of its Treasury seal and serial numbers. On Federal Reserve notes these are green, on United States notes they are red, and on silver certificates they are blue.
serial numbers
Treasury seal
Donald W. Reid 2011
Each denomination, regardless of class, has a prescribed portrait and back design selected by the Secretary of the Treasury. Notes of the $500, $1,000, $5,000, and $10,000 denominations have not been printed for many years and are being withdrawn from circulation. The portraits appearing on these notes are: McKinley on the $500, Cleveland on the $1,000, Madison on the $5,000 and Chase on the $10,000.
Donald W. Reid 2011
Design Features Which Vary On
Genuine Currency
Signature Design features sometimes vary from one series year to another. The most common variance comes with changes in the identity and, therefore, the signature of the Secretary of the Treasury or the Treasurer of the United States.
Donald W. Reid 2011
Jackson Portrait Another common variation occurs in the portrait of Andrew Jackson on the $20 note. In the 1934 and 1950 series years, he is depicted with one
more finger showing than on notes of other series years
Donald W. Reid 2011
Donald W. Reid 2011
Treasury Seal The 1966 series marked a change in note design. One hundred dollar United States Notes of that series year featured a re-designed Treasury seal with an English
inscription replacing the Latin one. The new seal, phased in over succeeding years, appears on all Federal Reserve Notes
of the 1969 series year or later.
Donald W. Reid 2011
Motto "In God We Trust" was first printed in 1955 on $1 Silver Certificates, 1935G series year. It was gradually phased in on other denominations and classes and is now printed on the back of all U.S. paper currency of the series year 1963B or later.
Donald W. Reid 2011
Federal Reserve Seal Prior to Series 1996, each Federal Reserve Note bears a regional seal
at the left of the portrait. This seal, printed in black, bears the name of the issuing Federal Reserve Bank and the letter designating the Federal
Reserve district in which that bank is located. On notes of the 1950 series and later, the black Federal Reserve regional seal is smaller than
earlier designs and is surrounded by sharp points. Starting with the 1996 series Federal Reserve notes, a new universal seal represents the entire Federal Reserve system. A letter and number below the upper
left serial number identifies the issuing Federal Reserve Bank.
Donald W. Reid 2011
Federal
Reserve Bank Letter Number
Boston A 1
New York City B 2
Philadelphia C 3
Cleveland D 4
Richmond E 5
Atlanta F 6
Chicago G 7
St. Louis H 8
Minneapolis I 9
Kansas City, MO J 10
Dallas K 11
San Francisco L 12
Donald W. Reid 2011
Serial Numbers and "Star Notes" Each note of the same denomination and series has its own individual serial number. When a note which bears a serial number is mutilated in the course of manufacture, it must be replaced in the series to ensure a proper count of the notes produced. To print another note with an identical serial number would be costly and time-consuming. Consequently, a "star note" is substituted. This note has a serial number which is out of sequence with the others in the series. A star is printed after the number to show that it was placed in the series as a substitute.
Donald W. Reid 2011
Check Letter, Face Plate Number, Quadrant Number, Back Plate
Number These designations are printed in
specific locations on the note. In the manufacturing process, the Bureau of
Engraving and Printing uses these designations to identify the specific
placement of the note on the specific printing plate.
Donald W. Reid 2011
How To Detect Counterfeit Money
The public has a role in maintaining the integrity of U.S. currency. You can help guard against the threat from counterfeiters by becoming more familiar with United States currency. Look at the money you receive. Compare a suspect note with a genuine note of the same denomination and series, paying attention to the quality of printing and paper characteristics. Look for differences, not similarities.
Watermark The 1996 and 2004 style bills have a watermark that is visible from either side when held up to a light source.
Donald W. Reid 2011
Donald W. Reid 2011
Color-Shifting Ink The 1996 style notes have color-shifting ink in the lower right-hand corner, that shifts from green to black as the note is tilted 45 degrees. The 2004 style $10, $20 and $50 bills have color-shifting ink that shifts from copper to green as the note is tilted 45 degrees. The $5 bill does not have color-shifting ink.
Copper to green color-shifting ink
Donald W. Reid 2011
Security Thread Genuine notes have a clear polyester thread
embedded vertically in the paper. The thread is inscribed with the denomination of the bill, and is visible only when held up to light. Each denomination has a unique thread position and will glow a unique color in ultraviolet (UV)
light.
Serial Numbers The first letter of the serial number on bills corresponds to the series year. 1996 Style 2004 Style A=1996 D= 2003 E= 2004 B=1999 F= 2003A G = 2004A C=2001 H= 2006 I= 2006
Donald W. Reid 2011
Donald W. Reid 2011
Portrait The genuine portrait appears
lifelike and stands out distinctly from the background. The
counterfeit portrait is usually lifeless and flat. Details merge into the background which is often too
dark or mottled.
Donald W. Reid 2011
Federal Reserve and Treasury Seals On a genuine bill, the saw-tooth points of the Federal Reserve and Treasury seals are clear, distinct, and sharp. The counterfeit seals may
have uneven, blunt, or broken saw-tooth points.
Donald W. Reid 2011
Border The fine lines in the border of
a genuine bill are clear and unbroken. On the counterfeit, the lines in the outer margin
and scrollwork may be blurred and indistinct.
Donald W. Reid 2011
Serial Numbers Genuine serial numbers have a distinctive style and are
evenly spaced. The serial numbers are printed in the same ink color as the Treasury Seal. On a counterfeit, the serial numbers may differ in color or shade of ink
from the Treasury seal. The numbers may not be uniformly spaced or aligned.
Donald W. Reid 2011
Paper Genuine currency paper has tiny red and blue fibers
embedded throughout. Often counterfeiters try to simulate these fibers by printing tiny red and blue lines on their paper. Close inspection reveals, however, that on the
counterfeit note the lines are printed on the surface, not embedded in the paper. It is illegal to reproduce the
distinctive paper used in the manufacturing of United States currency.
Donald W. Reid 2011
Raised Notes Genuine paper currency is sometimes altered in
an attempt to increase its face value. One common method is to glue numerals from higher
denomination notes to the corners of lower denomination notes.
Donald W. Reid 2011
These bills are also considered counterfeit, and those who produce them are subject to the same penalties as other counterfeiters. If you suspect you are in possession of a raised note: •Compare the denomination numerals on each corner with the denomination written out at the bottom of the note (front and back) and through the Treasury seal. •Compare the suspect note to a genuine note of the same denomination and series year, paying particular attention to the portrait, vignette and denomination numerals.
There are very good counterfeits and very poor counterfeits, regardless of the quality most will have more than one indicator that they are counterfeit. Pay attention and take a moment when you handle cash. If you have any doubts notify a supervisor.
Donald W. Reid 2011
