New $5 bill video

Yes, this was actually produced by the US government.

New $100 Note Video Series

Design for a Dollar

Epic video announcement for 2010 (still-unreleased?) redesign of US $100 note: All US currency redesigns must perpetuate certain “legacy features” that are on all the currency that’s ever been issued — because the US will accept all currency ever issued as legal tender, the notes have to have a certain amount of consistency. Or so … Continue reading

GAO Reports on $1 Coin vs $1 Note

I just read both the 2011 GAO Report on the dollar coin (“US Coins: Replacing the $1 Note With a $1 Coin Would Provide a Financial Benefit to the Government”) and its 2012 followup, “US Coins: Alternative Scenarios Suggest Different Benefits and Losses from Replacing the $1 Note with a $1 Coin.” I’m not going … Continue reading

Main Points in 2005 GAO Report

“Currency Paper Procurement: Additional Analysis Would Help Determine Whether a Second Supplier is Needed” This 2005 GAO report was a follow-up to the one that was done in 1998. It checks up on the BEP’s progress in trying to create competition in the bidding for the US currency paper contract and puts forward more recommendations … Continue reading

Main points in 1998 GAO Report

“Currency Paper Procurement: Meaningful Competition Unlikely Under Current Conditions” Purpose: Congress was “concerned about the lack of competition in the procurement of currency paper, fairness and reasonableness of prices paid, and possibility of disruptions to paper supplies.” It directed the GAO to do an analysis the current system and report back on optimum circumstances for … Continue reading

Currency Paper Production Process

via GAO Report 1998. (Remember, this is as of 1998 and thus way out of date.) BUT it gives a good idea of the breakdown at that time. The first type, distinctive currency paper, does not have any security thread or watermark and is used to print all 1- and 2-dollar notes. The second type … Continue reading

GAO Report 1998: Who takes care of currency?

From the 1998 GAO report (“Meaningful Competition Unlikely Under Current Conditions”), a nice breakdown of the different institutions involved in the production and security of United States Banknotes. Bureau of Engraving and Printing BEP, a bureau of the Department of the Treasury, buys currency paper from the private sector and prints the nation’s currency at … Continue reading

Bureau of Engraving and Printing

The Bureau of Engraving and Printing (BEP) is an agency within the US Department of the Treasury. It had its start around 1862, was officially recognized as a distinct entity in 1874, and became sole producer of US currency in 1877. In 1894 they began producing postage stamps as well, and became the United States … Continue reading