Monday, September 23, 2019

5 Currency Facts You Probably Didn't Know About the US $20 Dollar Bill

5 Currency Facts You Probably Didn't Know About the US $20 Dollar Bill

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7.9 Years of Hand-offs

The latest version of the US 20 dollar bill lasts almost 8 years. The note’s lifespan is third in the running for our country’s banknote lifespan; trumped by the longer lasting 50 and 100 dollar banknotes.

Tilt your Twenty

If you happen to have a twenty dollar bill on you, hold it up in front of you and tilt it to the right. You’ll see the “20”  that’s embossed on the bottom right hand corner shift from copper to green. This little known feature helps us recognize counterfeit bills. For more on counterfeit money, check out this post.

An Ironic Portrait

Most of us would be surprised to learn that Andrew Jackson wasn’t always the famous American on the US 20. In fact, it was Grover Cleveland who first held the honor. Even more surprising than this, however, may be the ironic fact that Andrew Jackson actually opposed paper money and the Second Bank of the United States (BUS). He much preferred gold and silver coins to paper.

Most Counterfeited

If the US 20 dollar bill was up for a superlative, it would win “Most likely to be counterfeited” by a landslide. For one reason or another, the 20 is the banknote our country can’t get enough of, however when it comes to international counterfeiting the US 100 takes the cake. Which leads us to our next currency fact below.

Women on 20's

Back in 2016, a campaign called “Women on 20s” was developed by W20 to get people to vote on which famous woman in history should replace Andrew Jackson on the US 20. Seeing as the US 20 is the most counterfeited, and counterfeit issues tend to be the reason for banknote redesigns, the “Women on 20s” campaign was a perfect way to make American currency history, all the while combating counterfeiters. 

Historic figure and fearless abolitionist, Harriet Tubman, won this campaign. Tubman beat out highly esteemed nominees like Eleanor Roosevelt and Rosa Parks. Unfortunately, the change to Harriet Tubman is to be delayed until the next president as President Trump and Stephen Mnuchin have put other bank notes first as a priority.

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Posted By Mandee Myers at 08:50 AM
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