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 Friday, March 07, 2008
Here's your chance to design U.S. bank notes
Posted by David
An apprentice bank note designer is sought by the U.S. Bureau of Engraving and Printing. More and more people are combining freehand drawing and painting with digital design. It's required for this work. And an ability to collaborate. And, I would presume, humility. Unlike some coin designers, you don't get to sign your work. We can expect ongoing redesign of U.S. paper money, though, and here's an entry point to that exciting future. May BEP get the best. Good luck to any hobby-related persons who try!
3/7/2008 11:40:24 AM (Central Standard Time, UTC-06:00)
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History of counterfeiting interests students
Posted by David
One of the most visible experts in the history of U.S. bank note counterfeiting, Stephen Mihm, Ph.D., an assistant professor of History at the University of Georgia, discussed his 2007 book A
Nation of Counterfeiters: Capitalists, Con Men and the Making of the
United States at a university in New Jersey this past Monday. An article about Mihm's visit, written by Laura Mortkowitz, appeared online today at the site of The Rider News, student newspaper at Rider University in Lawrenceville, N.J. Here's what REALLY interested the student audience, though: "During all his research, he came across some unique designs on bank
notes, ranging from scantily clad women to one of his favorites, a
polar bear devouring a man on a raft.
"With those designs, no wonder people looked at their money more." ADDED: You can listen to an interview with Dr. Mihm if you follow the link provided for his book.
3/7/2008 9:56:00 AM (Central Standard Time, UTC-06:00)
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 Thursday, March 06, 2008
Canada produces anti-fraud DVD
Posted by David
March is Fraud Prevention Month in Canada, and that means educational efforts related to identifying counterfeit bank notes in circulation. "As part of Fraud Prevention Month, speakers gathered at the RCMP
Heritage Centre on Wednesday. They talked about ways people can spot
counterfeit bank notes, cheques and money orders and how to avoid being
victimized by identity theft and mail fraud," wrote Trevor Newell in a March 6 story in the Leader-Post of Regina, Saskatchewan. A couple of statistics about counterfeiting are tossed in to flesh out the story.
The article mentions that DVDs showing characteristics of some fake notes, and also
sharing information about how to spot fraudulent checks and detect
identity theft, are available from the Bank of Canada. The DVDs are apparently free to Canada-based retailers. Downloadable segments of the video appear to be available here. There are further anti-counterfeiting informational videos available from Bank of Canada here. Completely unrelated — but caught my eye while at the Bank of Canada site — are "souvenir" books about the bank and bank notes, available from the bank. Can anyone comment on whether the bank's 2006 book about bank notes is worth seeking? It looks good.
3/6/2008 3:26:47 PM (Central Standard Time, UTC-06:00)
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 Tuesday, March 04, 2008
BEP plans to offer sheets of new $5s March 13
Posted by David
On the day the redesigned, colorized Series 2006 $5 Federal Reserve Note is released to circulation, the Bureau of Engraving and Printing plans to offer uncut sheets of the new $5 notes via Internet and mail-order sales. Planned are 32-, 16-, 8-, or 4-subject sheets. These $5s carry the facsimile signatures of Secretary of the Treasury Henry M. Paulson Jr. and U.S. Treasurer Anna Escobedo Cabral. Before we get to that March 13 release, though, there are some other BEP products scheduled to go on sale. March 7 is the on-sale date for the San Francisco district 2008 $2 Single Note, the second installment of the Series 2004 $20 Single Note Collection featuring San Francisco, Dallas,
Minneapolis and Kansas City $20s, and the National Money Show Intaglio Print Card. Keep up with BEP collector products at the Coming Soon portion of The BEP Store. UPDATE 3/5/08: Thanks for the comment from reader Kacky Snorgle. I maintain that dating two different note types the same date will be confusing for collectors into the future. The comment prompts me to wonder whether the pre-colorized Series 2006 $5 sheets, which are available from the BEP now, will be scarcer in time than the colorized versions.
3/4/2008 4:31:35 PM (Central Standard Time, UTC-06:00)
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 Thursday, February 28, 2008
Recovered 'skyjacking' notes certified
Posted by David
A story in the March issue of Bank Note Reporter shares the news that PCGS Currency has slabbed a group of notes that were once used to pay ransom to a skyjacker.  The skyjacker, known as "D.B. Cooper," had leapt from an airplane with $200,000 in cash in 1971. Some of it was found in 1980 by an eight-year-old boy named Brian Ingram. He's kept that cash all these years, and now he's having it certified and placed in special holders by PCGS Currency. The notes, all $20s, suffered great environmental damage prior to being
discovered by Ingram, and for this reason PCGS Currency is not
assigning grades to the notes. The firm's special holder
for the notes includes the distinctive image of the FBI's sketch of
"D.B. Cooper." Further, PCGS Currency staff have pieced together and reported 35 serial numbers that appear the FBI's list of notes given to "D.B. Cooper" but were not previously recognized as being among the notes recovered by Ingram. Ingram has been reported as saying that he would keep one or a few and disperse the rest, but latest word was that no final decisions had been made as to how or if to sell. What do you think, you want one? How much would you pay?
2/28/2008 9:48:36 AM (Central Standard Time, UTC-06:00)
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 Wednesday, February 13, 2008
BEP active with collector products
Posted by david
The U.S. Bureau of Engraving and Printing has offered several new products in the past couple months, and at least two have sold out within days of going on sale. One other is set to go on sale Feb. 25. The first to sell out is called the $2 Double Lucky Money set and contains two $2 Federal Reserve Notes. One note's serial number begins with 8888, and the other note's serial number begins with 2008. Production was limited to 4,888 sets, priced at $48.88 each. And they're all gone. Also all sold are the 10,000 2008 $2 Single Note packages, which offered Atlanta district Series 2003A $2 FRNs. Price was $7.95 apiece. Other districts are to be offered in calendar year 2008. More about BEP collector products can be see at the Coming Soon portion of The BEP Store. The next item listed to become available from BEP is the New York district 2008 $2 Single Note, 10,000 available, price $7.95 each. On-sale date is set for Feb. 25.
2/13/2008 9:14:08 AM (Central Standard Time, UTC-06:00)
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 Tuesday, February 12, 2008
Collector keeps tabs on world currency
Posted by david
I followed a link from the newsgroup rec.collecting.paper-money to a Web site that was new to me, but one that promises to be worth a regular view. The site is Tom Chao's world bank note site. In particular, the bank note news updates were interesting. He has posted many snippets of news regarding coming new world issues. I don't know the fellow, but he appears to be enjoying both his bank note collecting hobby and the Web.
2/12/2008 9:02:09 AM (Central Standard Time, UTC-06:00)
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 Wednesday, February 06, 2008
Proposal threatens future of Scotland note issues
Posted by david
2/6/2008 10:51:31 AM (Central Standard Time, UTC-06:00)
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 Thursday, January 31, 2008
American Bank Note building brings $32 million
Posted by david
1/31/2008 3:25:13 PM (Central Standard Time, UTC-06:00)
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 Wednesday, January 23, 2008
Zimbabwe issues world's highest denomination note
Posted by David
 Say, got a spare $10,000,000 on you? That's right, $10 million. Due to an economic crisis and what reporters are now calling "superinflation," Zimbabwe recently issued a note denominated 10 million Zimbabwe dollars. Sadly, the exchange value for a Zimbabwe $10 million note is about U.S. $4 on the black market. Or, as this only slightly older story says, "A regular loaf of bread would cost US$25 (€18) at the official exchange
rate of 30,000-1 or between 40 and 15 U.S. cents at the sharply veering
unofficial rate of between 2 million-1 and 5 million-1." The cost of a hamburger, which each story attempts to use as an example, apparently varies. Maybe these reporters should switch to pizza. The previous highest denomination note, $750,000, was also a Zimbabwe issue introduced a month or so ago. An upcoming issue of Bank Note Reporter will show images of some of these notes. Added 03/17/2008: I've now posted here the images of the front and back of the new $10,000,000 note that appeared in the March issue of Bank Note Reporter. The images were provided courtesy of Frank van Tiel.
1/23/2008 3:07:53 PM (Central Standard Time, UTC-06:00)
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 Tuesday, January 22, 2008
'First spend' of a colorized $5 planned
Posted by david
Treasury officials and others will participate in a ceremonial "first spend" of a colorized Series 2006 $5 Federal Reserve Note on the day that the new note first enters circulation, March 13. According to information from the Bureau of Engraving and Printing, the spending of a new $5 will take place at President Lincoln's Cottageat the Soldier's Home in Washington, D.C. Just who will participate is not currently known, but I would expect representatives of the Federal Reserve, Treasury and Homeland Security in the form of the Secret Service. Are you looking forward to the new $5?
1/22/2008 2:10:05 PM (Central Standard Time, UTC-06:00)
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 Monday, December 31, 2007
We can do it with stamps, why not currency?
Posted by David
While looking at Yahoo! Finance online earlier today, I spied a story from Forbes Magazine suggesting that we print our paper money at home. We can do that with stamps at sites like Stamps.com or Zazzle.com, even with our own supplied images — so why not with paper money? The article, titled "The New Green," by Yale professors Ian Ayres and Barry Nalebuff, suggests that the same scanners that read prices in most stores could identify our home-printed money as well. My home printer is broken so I currently do my printing at the public library — cost five cents per page for B&W, 25 cents each for color — so this plan could get expensive for me.
12/31/2007 10:38:12 AM (Central Standard Time, UTC-06:00)
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