Values Appreciate; New Security Features in the Works
A 1929 $20 from Oakdale, Calif. The 20-dollar note has received many redesigns over the years, and another is in the works. It may replace President Andrew Jackson with Harriet Tubman, but it will also include new security features.
Heritage Auctions
Recent auction results suggest scarce to rare US bank notes may be gaining in both desirability and value compared to what might be expected if they had been coins of the same significance. Demand may be beginning to outstrip supply as an increasing number of collectors are taking a serious interest in notes. There is also a possibility that investors may be watching, but so far, this is only an observation.
With supply for many of the better notes being paltry, their value may continue to appreciate, possibly faster than some of their metal coin counterparts. It isn’t only the obsolete and older circulating notes that are catching the attention of collectors and the general public.
The new Bureau of Engraving and Printing Director Patricia S. Collins brings quite a background story with her that is more than simply interesting. Collins comes genuinely qualified rather than simply as a political appointee through Treasury Secretary Janet Yellen. Collins has a Master of Science degree from The Eisenhower School, National Defense University, and a Bachelor of Arts degree from Rutgers University. Collins was previously the deputy director of the Government Publishing Office.
Among the challenges with which Collins is being tasked is the continuing development of overt and covert security features for bank notes to ensure the number of counterfeits in circulation is minimal. It may be 2030 before it happens, but Collins is supervising the development of the new Harriet Tubman $20 Federal Reserve notes.
There is controversy regarding replacing Andrew Jackson with Tubman. However, it is primarily political. Collin’s concerns will involve working with the Advanced Counterfeit Deterrence Steering Committee to develop the new note design, considering counterfeit deterrence measures, supervising production testing, assessing bank note machine readiness to simultaneously accept the old and new notes, and launching a public education campaign.
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