We've seen yellow, red, blue and most recently green seals. Do you think US paper money will die with the green seal? Or do you think another color is in the cards?
If you were to research why currency had a yellow, red or blue seal you would know why the green seal will probably never change. Yellow - notes redeemable for gold coin, also on currency used by military forces in North Africa during WWII Blue - Silver certificates, notes redeemable for silver coin Red - U. S. Notes (Legal tender notes) Brown - Currency for use in Hawaii during 1942 also has the Hawaii overprint Green - Federal Reserve Notes
hopefully someday we will abolish the fed, then we wont have green seal currency anymore (blue seal would be nice...)
Ed, I am aware of the history and differences behind the different colors. That still doesn't answer my question.
Maybe some day the BEP will make pink seals (not for circulation, collectors only) to raise money for breat cancer awareness?? Or something like that. EDIT: I know this would be gimmicky as hell, but lets face it, if there's a buck to be made I wouldn't put it past them. Just look at the direction of the US Mint.
If you abolish the Fed, then the black Federal Reserve Seal would go. The green seal belongs to the Treasury Department, it would probably stay. If you are referring to the entire Federal Government as the Fed, which would include the Treasury, then the entire governing body of the United States would cease to exist. All paper currency would be controlled by the replacement government.
we should go back to the silver standard. have $2, $5, $10, $20, $50, $100 and $500 bills with blue seals. the $2 bill would be redeemable for 1/10 ounce, the $5 bill would be redeemable for 1/4 ounce, the $10 bill would be redeemable for 1/2 ounce, the $20 bill would be redeemable for 1 ounce, and so on. no more fiat crap, no more inflation . unfortunately, current politicians don't have that much common sense. coin--------silver content----------bill-------bill portrait---------coin design 5c------------- N/A ------------------None ---------N/A --------------Buffalo nickel 10c------------ .005 oz.------------- None --------N/A --------------- mercury dime 25c ----------- .013 oz. ------------ None -------- N/A -------------- seated liberty 50c------------ .025 oz ------------- None -------- N/A -------------- Peace $ $1------------- .05 oz -------------- None -------- N/A ------------- Morgan dollar $2 ------------ .1 oz -----------------$2 ---------- Jefferson -------- indian head cent $5 ------------ .25 oz --------------- $5 ---------- Lincoln ---------- indian head $2.5/5 $10 ----------- .5 oz ---------------- $10 --------- Hamilton ------- St. Gaudens $20 $20 (ASE)...... 1 oz. ----------------$20 --------- Washington ---- Walking liberty 2x $20 1x $10- 2.5 oz. -------------$50 --------- Grant ------------ N/A 5x $20 ---------5 oz. ----------------$100 -------- Franklin --------- N/A 25x $20 --------25 oz. --------------$500 -------- Reagan ---------- N/A the 5c - $1 coins would be the same size as current coins, but with lower silver content. I know it will never happen, just an idea.
green is the color of federal reserve notes. we can replace the black seal with a large gray number, like on old bills
right. the seal/serial number color used on all federal reserve notes to distinguish them from other currency in circulation from the 1920's - 1960's is green.
================================================ You had "Brown" seals too. The 1929 series of National Bank Notes and Federal Reserve Bank Notes. The 1928 "Gold Notes" had gold color and the North Africa were yellow. In the Federal Reserve Notes [Green Seals] you have the dark and the light green. Even today, some [FRN] of them are very much darker then others. green green It's hard to get the exact color I do not see any changes in the near future. The only way will be if they cannot stop counterfeiting the currency. The only great change is to go to currency like the Australian, British, and the Canada have [Plastic type]. ================================================ Yellow - notes redeemable for gold coin, also on currency used by military forces in North Africa during WWII Blue - Silver certificates, notes redeemable for silver coin Red - U. S. Notes (Legal tender notes) Brown - Currency for use in Hawaii during 1942 also has the Hawaii overprint Green - Federal Reserve Notes[/QUOTE]
Perhaps you noticed that several posts are missing. Perhaps you also did not notice Peter's post on staying on topic or else. this is or else. No infractions this time, but learn and stay.
Well in my humble opinion I feel that what has taken place in previous generations of currency production, mandated by law (Act of Congress) and will continue to be so regulated, we will see change. We are no longer on the Gold Standard and those Inks used for Gold and Silver Certs are now obsolete..as well as all other colors like Red for Legal Tenders, Brown for F.R. Bank Notes and all other inks of days gone by. With the Fed Reserve System well planted and steaming right along at full bore..I feel the Green seal on the $1 Note will not change, however, it is evident that the US is looking into different measures for anti-counterfeiting as with current production colorized notes of $5, $10, $20, $50 and $100. We very well may see additional colors, strips, inks, papers and even polymers in the decades ahead...everything changes with time, currency is no different than anything else. The crooks get smarter, bolder and have equaling equipment...to stay 1 step ahead, change must occur.
As long as unethical people and greed exist, we will see counterfeiting. I hope our currency doesn't go polymer, but I think it eventually will. When the economic harm of counterfeiting outweighs the added cost of redesigning currency, we will see changes to our money and new anti counterfeiting measures.
We'll find out within the next 6 years with the new $10 which is supposed to be identifiable by touch. My guess is that it will be an even piece of polymer with it being thicker/ gooped up in a smaller area to identify the denomination. I sure hope diameter isn't the deciding factor.
Some of the respondents seem to have forgotten that federal reserve notes originally were issued with red seals, then changed to blue seals, only becoming green with the conversion to smaller size. IMHO, as long as paper notes continue to be issued, green seals will be the norm, due to a desire to maintain some type of link with the era when the dollar was seen as a storehouse of value, not just a medium of exchange.
