Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
1935 motto/no motto variety question
>
Reply to Thread
Message:
<p>[QUOTE="Small Size, post: 2594834, member: 77924"]The BEP was required by 1950's era legislation to add the motto "In God We Trust" to all currency. It was a result of the anti-communist fervor of the time.</p><p>The BEP had pre-produced large numbers of of 18 subject backs for all denominations. They couldn't be re-engraved for technical reasons, and they were very expensive to replace. So the BEP got quiet permission from the Treasury Department to keep using the "Godless" back plates until they wore out, or were made obsolete by the introduction of the more efficient 32 dry-print subject presses then being planned. That didn't fully happen until 1966, when the last "Godless" $100 bill (Series 1950E) was printed on the last operational 18 subject press. They still had new $100 back plates, but the final 18 subject press had conked out and wasn't worth fixing. So to the scrapyard they went.</p><p>$1 notes are another matter, and by 1962, all the "Godless" 18 subject back plates had worn out. The BEP didn't want to call attention to the fact that it technically had been violating the law since 1955, so it quietly produced new 18 subject plates that complied with the law, and thus printed "with motto" 1935G $1 notes for eight months in 1962, until the new series, 1935H, became current.[/QUOTE]</p><p><br /></p>
[QUOTE="Small Size, post: 2594834, member: 77924"]The BEP was required by 1950's era legislation to add the motto "In God We Trust" to all currency. It was a result of the anti-communist fervor of the time. The BEP had pre-produced large numbers of of 18 subject backs for all denominations. They couldn't be re-engraved for technical reasons, and they were very expensive to replace. So the BEP got quiet permission from the Treasury Department to keep using the "Godless" back plates until they wore out, or were made obsolete by the introduction of the more efficient 32 dry-print subject presses then being planned. That didn't fully happen until 1966, when the last "Godless" $100 bill (Series 1950E) was printed on the last operational 18 subject press. They still had new $100 back plates, but the final 18 subject press had conked out and wasn't worth fixing. So to the scrapyard they went. $1 notes are another matter, and by 1962, all the "Godless" 18 subject back plates had worn out. The BEP didn't want to call attention to the fact that it technically had been violating the law since 1955, so it quietly produced new 18 subject plates that complied with the law, and thus printed "with motto" 1935G $1 notes for eight months in 1962, until the new series, 1935H, became current.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Paper Money
>
1935 motto/no motto variety question
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...