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Sunday 20 October 2024 00:56:59 GMT
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For the first time in U.S. history, the signature of a sitting president is set to appear on American paper money. Beginning in June—coinciding with the nation’s 250th anniversary—new $100 bills will be issued bearing the signatures of President Donald Trump and Treasury Secretary Scott Bessent. The design of the bill itself will remain unchanged; only the signatures will differ. This marks a break from a long-standing tradition that dates back to the Civil War. In 1861, when the federal government struggled to secure enough gold and silver, Congress authorized paper currency. Early notes were signed by hand by the Treasurer and the Register of the Treasury. By the late 1860s, those signatures were incorporated into printing plates. Since 1914, Federal Reserve Notes have consistently featured the signatures of the Treasurer and the Treasury Secretary, resulting in many unique combinations prized by collectors. That tradition is now ending. Every U.S. bill issued since 1861 has included the Treasurer’s signature, but Lynn Malerba—the 43rd Treasurer and the first Native American woman in the role—will be the last to appear. Her successor, Brandon Beach, will not have his signature printed on currency. Supporters of the change have framed it as symbolic. Former Treasurer Jovita Carranza described it as a reflection of national strength, while Bessent said it appropriately honors both the country’s milestone anniversary and the current president. Legally, the shift is allowed. While U.S. law forbids depicting living individuals on coins, paper currency design falls under the Treasury Department’s broader authority. The move also aligns with a wider effort by the administration to place Trump’s name on public assets, including federal buildings, programs, and commemorative items. Existing bills with the signatures of Janet Yellen and Lynn Malerba will remain valid and continue circulating for years. The newly printed notes are expected to enter the banking system several weeks after production begins, and collectors are already anticipating strong interest in this new signature combination. A milestone anniversary, it seems, will also introduce a new kind of keepsake—one that passes through everyday hands.#fyp #viral
For the first time in U.S. history, the signature of a sitting president is set to appear on American paper money. Beginning in June—coinciding with the nation’s 250th anniversary—new $100 bills will be issued bearing the signatures of President Donald Trump and Treasury Secretary Scott Bessent. The design of the bill itself will remain unchanged; only the signatures will differ. This marks a break from a long-standing tradition that dates back to the Civil War. In 1861, when the federal government struggled to secure enough gold and silver, Congress authorized paper currency. Early notes were signed by hand by the Treasurer and the Register of the Treasury. By the late 1860s, those signatures were incorporated into printing plates. Since 1914, Federal Reserve Notes have consistently featured the signatures of the Treasurer and the Treasury Secretary, resulting in many unique combinations prized by collectors. That tradition is now ending. Every U.S. bill issued since 1861 has included the Treasurer’s signature, but Lynn Malerba—the 43rd Treasurer and the first Native American woman in the role—will be the last to appear. Her successor, Brandon Beach, will not have his signature printed on currency. Supporters of the change have framed it as symbolic. Former Treasurer Jovita Carranza described it as a reflection of national strength, while Bessent said it appropriately honors both the country’s milestone anniversary and the current president. Legally, the shift is allowed. While U.S. law forbids depicting living individuals on coins, paper currency design falls under the Treasury Department’s broader authority. The move also aligns with a wider effort by the administration to place Trump’s name on public assets, including federal buildings, programs, and commemorative items. Existing bills with the signatures of Janet Yellen and Lynn Malerba will remain valid and continue circulating for years. The newly printed notes are expected to enter the banking system several weeks after production begins, and collectors are already anticipating strong interest in this new signature combination. A milestone anniversary, it seems, will also introduce a new kind of keepsake—one that passes through everyday hands.#fyp #viral

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