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There IS a possibilty of redesigned $2 bills with the next currency redesign
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<p>[QUOTE="Drago the Wolf, post: 1347589, member: 22476"]Let me explain:</p><p><br /></p><p>I was looking at a thread on Where's George?, and Excelsior said he asked the Fed how many $2 bills will be printed, and here was the conversation:</p><p><br /></p><p>[HR][/HR]<font size="2">Quote:</font></p><p><font size="2">[TABLE]</font></p><p><font size="2">[TR]</font></p><p><font size="2">[TD="class: alt2"]Originally Posted by <b>Excelsior</b> <a href="http://forums.wheresgeorge.com/showthread.php?p=4885556#post4885556" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://forums.wheresgeorge.com/showthread.php?p=4885556#post4885556" rel="nofollow"><img src="http://forums.wheresgeorge.com/images/buttons/viewpost.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a> </font></p><p><font size="2"><i>... That would make this year's $2 order work out to 139 million notes. But since the 0.9 billion figure looks to be rounded, the $2 order could actually be anywhere between 89 million and 188 million, which is a pretty wide range.... Still, even at the large end of that range, it's a smaller printing than the Series 2003A $2's, and closer to the size of the Series 1995 $2 printing.</i></font></p><p><font size="2">[/TD]</font></p><p><font size="2">[/TR]</font></p><p><font size="2">[/TABLE]</font></p><p><font size="2"><br /></font></p><p><font size="2"><br /></font></p><p><font size="2">So I wanted to know this answer badly enough that I tried asking the Fed directly. And I got the following reply:</font></p><p><font size="2"><br /></font></p><p><font size="2">Quote:</font></p><p><font size="2">[TABLE]</font></p><p><font size="2">[TR]</font></p><p><font size="2">[TD="class: alt2"]Originally Posted by <b>the Fed</b> </font></p><p><font size="2"><i>Thank you for recent inquiry regarding the quantity of notes the Board of Governors of the Federal Reserve System included in its fiscal year 2012 print order with the U.S. Treasury’s Bureau of Engraving and Printing. One of the main goals of the Federal Reserve is to meet the public’s demand for paper currency. Our FY 2012 print order included a total of 134.4 million $2 notes, which we estimate will meet the public’s demand for $2 notes during both FY 2012 and FY 2013.</i></font></p><p><font size="2">[/TD]</font></p><p><font size="2">[/TR]</font></p><p><font size="2">[/TABLE]</font></p><p><font size="2"><br /></font></p><p><font size="2"><br /></font></p><p><font size="2">So not only do we know how many $2's are on order for 2012, but it sounds like we also know when the *next* printing is to be expected: 2014. <img src="http://forums.wheresgeorge.com/images/smilies/cool.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></font></p><p><font size="2"><br /></font></p><p><font size="2">This printing of 134.4 million $2's will be shorter than any previous $2 series except Series 2003 (which had 121.6 million $2's). In comparison, Series 1995 had 153.6 million, Series 2003A had 230.4 million, and Series 1976 had a whopping 575.36 million.</font></p><p><font size="2"><br /></font></p><p><font size="2">Usage of $2's would appear to be accelerating, too. The Series 2003A printing met demand from 2006 to 2012; that works out to just under 40 million Toms per year. But this new printing is projected to last only two years; that's over 65 million Toms per year! (Maybe the Fed is just being conservative in its planning, and there's a chance that this new printing will last three years after all?)</font></p><p><font size="2"><br /></font></p><p><font size="2">__________________________________________</font></p><p><font size="2"><br /></font></p><p><font size="2">So, if the Fed is only ordering enough (current style) $2 bills to last until possibly 2014, and due to the fact that the next currency redesign is believed to be starting around 2013-2014, because it will be 10-11 years since the Kodachrome Series 2004 $20 bill came out, and also, due to the fact that the new law that passed, stated ALL denominations except the $1 bill be redesigned to assist the visually impaired and blind, I am guessing that, like with the BEP printing old non-colorized $100 bills to fill in the gap until they can get the Series 2009 colorized $100s out, that they are also printing just enough (Series 2009?) non-colorized small-head $2 bills to last until the next currency redesign, when they can come out with a new design. And also, that BEP worker may not have been able to tell me anything about a possible $2 bill redesign, by law or some rule in place, and thus, the "That is unknown at this time" response. But I am guessing that, IF they do redesign the $2 bill, it won't be anything major with security features, except maybe some color, possibly a watermark (I heard many years ago that watermarks are "cheap" features in paper, so why not?) some larger numerals on more white space, and maybe little speckles of little "02s" on the front and back (Just like the new $5 bill, but I still wonder to this day "Why little "05s"? Why not just single didget "5s"?)</font></p><p><font size="2"></font>[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 1347589, member: 22476"]Let me explain: I was looking at a thread on Where's George?, and Excelsior said he asked the Fed how many $2 bills will be printed, and here was the conversation: [HR][/HR][SIZE=2]Quote: [TABLE] [TR] [TD="class: alt2"]Originally Posted by [B]Excelsior[/B] [URL="http://forums.wheresgeorge.com/showthread.php?p=4885556#post4885556"][IMG]http://forums.wheresgeorge.com/images/buttons/viewpost.gif[/IMG][/URL] [I]... That would make this year's $2 order work out to 139 million notes. But since the 0.9 billion figure looks to be rounded, the $2 order could actually be anywhere between 89 million and 188 million, which is a pretty wide range.... Still, even at the large end of that range, it's a smaller printing than the Series 2003A $2's, and closer to the size of the Series 1995 $2 printing.[/I] [/TD] [/TR] [/TABLE] So I wanted to know this answer badly enough that I tried asking the Fed directly. And I got the following reply: Quote: [TABLE] [TR] [TD="class: alt2"]Originally Posted by [B]the Fed[/B] [I]Thank you for recent inquiry regarding the quantity of notes the Board of Governors of the Federal Reserve System included in its fiscal year 2012 print order with the U.S. Treasury’s Bureau of Engraving and Printing. One of the main goals of the Federal Reserve is to meet the public’s demand for paper currency. Our FY 2012 print order included a total of 134.4 million $2 notes, which we estimate will meet the public’s demand for $2 notes during both FY 2012 and FY 2013.[/I] [/TD] [/TR] [/TABLE] So not only do we know how many $2's are on order for 2012, but it sounds like we also know when the *next* printing is to be expected: 2014. [IMG]http://forums.wheresgeorge.com/images/smilies/cool.gif[/IMG] This printing of 134.4 million $2's will be shorter than any previous $2 series except Series 2003 (which had 121.6 million $2's). In comparison, Series 1995 had 153.6 million, Series 2003A had 230.4 million, and Series 1976 had a whopping 575.36 million. Usage of $2's would appear to be accelerating, too. The Series 2003A printing met demand from 2006 to 2012; that works out to just under 40 million Toms per year. But this new printing is projected to last only two years; that's over 65 million Toms per year! (Maybe the Fed is just being conservative in its planning, and there's a chance that this new printing will last three years after all?) __________________________________________ So, if the Fed is only ordering enough (current style) $2 bills to last until possibly 2014, and due to the fact that the next currency redesign is believed to be starting around 2013-2014, because it will be 10-11 years since the Kodachrome Series 2004 $20 bill came out, and also, due to the fact that the new law that passed, stated ALL denominations except the $1 bill be redesigned to assist the visually impaired and blind, I am guessing that, like with the BEP printing old non-colorized $100 bills to fill in the gap until they can get the Series 2009 colorized $100s out, that they are also printing just enough (Series 2009?) non-colorized small-head $2 bills to last until the next currency redesign, when they can come out with a new design. And also, that BEP worker may not have been able to tell me anything about a possible $2 bill redesign, by law or some rule in place, and thus, the "That is unknown at this time" response. But I am guessing that, IF they do redesign the $2 bill, it won't be anything major with security features, except maybe some color, possibly a watermark (I heard many years ago that watermarks are "cheap" features in paper, so why not?) some larger numerals on more white space, and maybe little speckles of little "02s" on the front and back (Just like the new $5 bill, but I still wonder to this day "Why little "05s"? Why not just single didget "5s"?) [/SIZE][/QUOTE]
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There IS a possibilty of redesigned $2 bills with the next currency redesign
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