Planned changes to existing Federal Reserve notes remain on track, according to the director of the Bureau of Engraving and Printing, with the new $10 note scheduled for release in 2020 on the centennial anniversary of woman suffrage.
The BEP placed a temporary “quality hold” on $2 Federal Reserve notes because they exhibited what the bureau calls increased “soiling.”
As has been reported in various media outlets on a consistent basis, Peru has been known for several years as the counterfeiting capital of the world. The U.S. Secret Service and Peruvian authorities on Nov. 15 made the largest seizure of counterfeit currency in Secret Service history.
Art’s name is familiar to readers of our monthly issue, as our paper money market analyst. He is also a major force in the world coins field, as editor of two major references. In June 2001, he was elected president of the International Association of Professional Numismatists, the first American in that post.
The news that India’s 500- and 1,000-rupee bank notes were suddenly withdrawn from circulation overnight on Nov. 8 hit the nation like a bombshell. The unprecedented action was directed at a cash market that the New York Times said constitutes up to 35 percent of gross domestic product and was used for both bribery and tax evasion.
It is very human to see things that are not there. That’s why we see fantastic animals in the shapes of clouds or imagine a person’s face in the rocks on Earth’s moon or in a rock formation on our own planet. It’s also why we turn an American eagle into a jackass and Queen Elizabeth II’s hair into a devil’s face on paper money of the United States and Canada.
Stack’s Bowers Galleries’ paper money auction in Baltimore showed that when a rare item is offered, its grade need not be a compelling factor, and even notes with “repairs” and other problems can bring strong prices.
Also this week, we looked into what the election of President-elect Donald Trump means for coin and paper money collectors, sales of the Walking Liberty gold half dollar opened, and Steve Roach analyzed notable lots from a sale of a notable Saint-Gaudens double eagle collection.
The Central Bank of Seychelles will launch a new family of bank notes and coins in December to commemorate 40 years of Seychelles’ Independence. The theme will be “Seychelles’ Unique Biodiversity — the backbone of our economy.”
The National Bank of the Republic of Macedonia will release 200- and 2,000-denar bank notes on Dec. 15 and withdraw the 5,000-denar note from circulation. The reason, the bank says, is to rebalance the current structure of the notes in circulation.