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United States twenty-dollar bill

The United States twenty-dollar bill ($20) is a denomination of U.S. currency. The seventh U.S. president (1829–1837), Andrew Jackson, has been featured on the front side of the bill since 1928; the White House is featured on the reverse.

Twenty dollars
(United States)
Value$20
Width156 mm
Height66.3 mm
Weightc. 1.0[1] g
Security featuresSecurity fibers, watermark, security thread, color shifting ink, micro printing, raised printing, EURion constellation
Paper type75% cotton
25% linen
Years of printing1861–present
Obverse
US $20 Series 2006 Obverse.jpg
DesignAndrew Jackson
Design date2003
Reverse
US $20 Series 2006 Reverse.jpg
DesignWhite House
Design date2003

As of December 2013, the average circulation life of a $20 bill is 7.9 years before it is replaced due to wear.[2] About 11% of all notes printed in 2009 were $20 bills.[3] Twenty-dollar bills are delivered by Federal Reserve Banks in violet straps.

Pre-launch of Federal Reserve historyEdit

 
1863 $20 Legal Tender note
 
Series 1905 $20 gold certificate
  • 1861: A demand note with Lady Liberty holding a sword and shield on the front, and an abstract design on the back. The back is printed green.
  • 1862: A note that is very similar, the first $20 United States note. The back is different, with several small variations extant.
  • 1863: A gold certificate $20 note with an Eagle vignette on the face. The reverse has a $20 gold coin and various abstract elements. The back is orange.
  • 1865: A national bank note with "The Battle of Lexington" and Pocahontas's marriage to John Rolfe in black, and a green border.
  • 1869: A new United States note design, with Alexander Hamilton on the left side of the front and Victory holding a shield and sword. The back design is green.
  • 1875: As above, except with a different reverse.
  • 1878: A silver certificate $20 note with a portrait of Stephen Decatur on the right side of the face. The back design is black.
  • 1882: A new gold certificate, with a portrait of James Garfield on the right of the face. The back is orange and features an eagle.
  • 1882: A new national bank note. The front is similar, but the back is different and printed in brown.
  • 1886: A new silver certificate $20 note, with Daniel Manning on the center of the face.
  • 1890: A treasury (coin) note with John Marshall on the left of the face. Two different backs exist both with abstract designs.
  • 1902: A new national bank note. The front features Hugh McCulloch, and the back has a vignette of an allegorical America.
  • 1905: A new gold certificate $20 note, with George Washington on the center of the face. The back design is orange.

Federal Reserve historyEdit

 
1928 $20 small-size Federal Reserve Note.
 
Series 1929 $20 National Currency note issued by the Cleveland Federal Reserve Bank.
 
Series 1995 $20 Federal Reserve Note.
 
Series 1996 $20 Federal Reserve Note.
 
The security strip in a twenty-dollar bill glows green under a blacklight.

Andrew Jackson first appeared on the $20 bill in 1928. Although 1928 coincides with the 100th anniversary of Jackson's election as president, it is not clear why the portrait on the bill was switched from Grover Cleveland to Jackson. (Cleveland's portrait was moved to the new $1000 bill the same year). According to the U.S. Treasury, "Treasury Department records do not reveal the reason that portraits of these particular statesmen were chosen in preference to those of other persons of equal importance and prominence."[4]

The placement of Jackson on the $20 bill may be a historical irony; as president, he vehemently opposed both the National Bank and paper money and made the goal of his administration the destruction of the National Bank.[5][6] In his farewell address to the nation, he cautioned the public about paper money.[7]

  • 1914: Began as a large-sized note, a portrait of Grover Cleveland on the face, and, on the back, a steam locomotive and an automobile approaching from the left, and a steamship approaching from the right.
  • 1918: A federal reserve banknote with Grover Cleveland on the front, and a back design similar to the 1914 Federal Reserve Note.
  • 1928: Switched to a small-sized note with a portrait of Andrew Jackson on the face and the south view of the White House on the reverse. The banknote is redeemable in gold or silver (at the bearer's discretion) at any Federal Reserve Bank.
  • 1933: With the U.S. having abandoned the gold standard, the bill is no longer redeemable in gold, but rather in "lawful money", meaning silver.
  • 1942: A special emergency series, with brown serial numbers and "HAWAII" overprinted on both the front and the back, is issued. These notes are designed to circulate on the islands and be deemed invalid in the event of a Japanese invasion.
  • 1948: The White House picture was updated to reflect renovations to the building itself, including the addition of the Truman Balcony, as well as the passage of time. Most notably, the trees are larger. The change occurred during production of Series 1934C.
  • 1950: Design elements like the serial numbers are reduced in size and moved around subtly, presumably for aesthetic reasons.
  • 1963: "Will Pay To The Bearer On Demand" is removed from the front of the bill below the portrait, and the legal tender designation is shortened to "This note is legal tender for all debts, public and private" (eliminating "and is redeemable in lawful money at the United States Treasury, or at any Federal Reserve Bank.") Also, "In God We Trust" is added above the White House on the reverse. These two acts (one taking U.S. currency off the silver backing, and the other authorizing the national motto) are coincidental, even if their combined result is implemented in one redesign. Also, several design elements are rearranged, less perceptibly than the change in 1950, mostly to make room for the slightly rearranged obligations.
  • 1969: The new treasury seal appears on all denominations, including the $20.
  • 1977: A new type of serial-number press results in a slightly different font. The old presses are gradually retired, and old-style serial numbers appear as late as 1981 for this denomination.
  • 1992: Anti-counterfeiting features are added: microprinting around the portrait, and a plastic strip embedded in the paper. Even though the bills read Series 1990, the first bills were printed in April 1992.[8]
  • 1994: The first notes at the Western Currency Facility are printed in January late during production of Series 1990.
  • September 24, 1998: Received a completely new appearance to further deter counterfeiting; the picture of the White House was changed to the north side view. A larger, off-center portrait of Jackson was used on the front, and several anti-counterfeiting features were added, including color-shifting ink, microprinting, and a watermark. The plastic strip now reads "USA 20" and glows green under a black light.[9] The bills were first printed in June 1998.[10]
  • October 9, 2003:[11] The current series of 20 dollar bills is released with light background shading in green and yellow, and no oval around Andrew Jackson's portrait (background images of eagles, etc. were also added to the front); the back is the same view of the White House, but without the oval around it. Ninety faint "20"s are scattered on the back in yellow as a "EURion constellation" to prevent photocopying. The first issue's series date is 2004 with Marin-Snow signatures. The bills were first printed in April 2003.[12]
 
Official $20 bill prototype prepared by the Bureau of Engraving and Printing in 2016[13]

Proposal for a woman's portraitEdit

In a campaign called "Women on 20s", selected voters were asked to choose three of 15 female candidates to have a portrait on the $20 bill. The goal was to have a woman on the $20 bill by 2020, the centennial of the 19th Amendment which gave women the right to vote.[14] Among the candidates on the petition were Harriet Tubman, Eleanor Roosevelt, Rosa Parks, and Wilma Mankiller, the first female chief of the Cherokee Nation.[15]

On May 12, 2015, Tubman was announced as the winning candidate of that "grassroots" poll with more than 600,000 people surveyed and more than 118,000 choosing Tubman, followed by Roosevelt, Parks and Mankiller.[16]

On June 17, 2015, then-Treasury Secretary Jack Lew announced that a woman's portrait would be featured on a redesigned $10 bill by 2020, replacing Alexander Hamilton.[17] However, that decision was reversed, at least in part due to Hamilton's surging popularity following the hit Broadway musical Hamilton.[18]

On April 20, 2016, Lew officially announced that Alexander Hamilton would remain on the $10 bill, while Andrew Jackson would be replaced by Tubman on the front of the $20 bill, with Jackson appearing on the reverse.[19][20] Lew simultaneously announced that the five- and ten-dollar bills would also be redesigned in the coming years and put into production in the next decade.[19][20]

Trump AdministrationEdit

While campaigning for president, Donald Trump reacted to the announcement that Tubman would replace Jackson on the twenty-dollar bill. The day following the announcement Trump called Tubman "fantastic", but stated that he would oppose replacing Jackson with Tubman because he called the replacement "pure political correctness".[21]

On August 31, 2017, Treasury Secretary Steven Mnuchin said that he would not commit to putting Tubman on the twenty-dollar bill, explaining "People have been on the bills for a long period of time. This is something we’ll consider; right now we have a lot more important issues to focus on."[22] According to a Bureau of Engraving and Printing spokesperson, the next redesigned bill will be the ten-dollar bill, not set to be released into circulation until at least 2026. Because of this, it appears that a redesigned twenty-dollar bill featuring Tubman might not be released until years after the original 2020 release date, if at all.[23][24]

In May 2019 Mnuchin stated that no new imagery will be unveiled until 2026, and that a new bill won't go into circulation until 2028.[25] In making the announcement, Mnuchin blamed the delay on technical reasons. However, an employee within the Bureau of Engraving and Printing told the New York Times that at the time of the announcement "the design appeared to be far along in the process." Democratic members of the House of Representatives asked Mnuchin to provide more specific reasons for the delay.[26] In response, a number individuals have begun producing rubber stamps by which an image of Tubman can be printed on top of that of Jackson,[27] despite defacement of currency being a violation of Title 18, Section 333 of the United States Code.[28]

In June 2019, the Treasury Department's acting inspector general, Rich Delmar, announced his office would conduct an investigation into what caused the delay in production of the new bill featuring Tubman.[citation needed]

See alsoEdit

  • Twenty Bucks, a 1993 movie that follows the travels of a $20 bill

ReferencesEdit

  1. ^ U.S. Currency Education Program. "Weight of a US Banknote". uscurrency.gov. US Federal Reserve. Retrieved January 19, 2018.
  2. ^ "How long is the life span of U.S. paper money?". Federal Reserve. Retrieved April 16, 2015.
  3. ^ "Money Facts". Bureau of Engraving and Printing. Archived from the original on December 6, 2005.
  4. ^ "U.S. Currency FAQs". U.S. Bureau of Engraving and Printing. Archived from the original on May 5, 2015. Retrieved May 13, 2015.
  5. ^ "Jackson as President". CliffsNotes. Retrieved November 20, 2007.
  6. ^ "Jackson Vetoes Bank Bill — July 10, 1832". Miller Center of Public Affairs, University of Virginia. Retrieved November 20, 2007.
  7. ^ s:Andrew Jackson's Farewell Address
  8. ^ "USPaperMoney.Info: Series 1990 $20".
  9. ^ "New $20 Bill Debuts September 24th - 09/21/98".
  10. ^ "USPaperMoney.Info: Series 1996 $20".
  11. ^ "Anti-Counterfeiting". Bureau of Engraving and Printing. United States Treasury. 2007. Retrieved May 13, 2015.
  12. ^ "USPaperMoney.Info: Series 2004 $20".
  13. ^ Rappeport, Alan (June 24, 2019). "Treasury's Inspector General to Review Harriet Tubman $20 Bill Delay". The New York Times. ISSN 0362-4331. Retrieved August 20, 2019.
  14. ^ "Why the $20?". Women On 20s. Retrieved May 13, 2015.
  15. ^ Tan, Avianne (April 8, 2015). "'Women on 20s' to Ask President Obama to Put One of These 4 Women on $20 Bill". ABC News. Retrieved April 9, 2015.
    Which country has the least sexist banknotes? BBC. April 13, 2015. Retrieved on April 14, 2015.
    "Final Round Candidates". Women On 20s. Retrieved May 13, 2015.
  16. ^ "Harriet Tubman wins poll to replace Andrew Jackson on $20 bill". New York Post. Reuters. May 13, 2015. Retrieved July 27, 2015.
  17. ^ "Andrew Jackson To Be Taken Off The $20 Bill". Huffington Post. April 17, 2016. Retrieved April 19, 2016.
  18. ^ Nguyen, Tina. ""Hamilton" Fans, Rejoice: Founding Father to Stay on the $10 Bill". Vanity Fair.
  19. ^ a b "Treasury Secretary Lew Announces Front of New $20 to Feature Harriet Tubman, Lays Out Plans for New $20, $10 and $5" (Press release). United States Department of the Treasury. April 20, 2016. Retrieved April 27, 2016.
    White, Ben; McCaskill, Nolan D. "Treasury's Lew to announce Hamilton to stay on $10 bill". Politico. Retrieved April 20, 2016.
  20. ^ a b Korte, Gregory (April 21, 2016). "Anti-slavery activist Harriet Tubman to replace Jackson on the front of the $20 bill". USA Today. Retrieved August 28, 2017.
  21. ^ Wright, David (April 21, 2016). "Trump: Tubman on the $20 bill is 'pure political correctness'". CNN.
  22. ^ Temple-West, Patrick (August 31, 2017). "Mnuchin dismisses question about putting Harriet Tubman on $20 bill". Politico. Retrieved September 6, 2017.
  23. ^ What Happened to the Plan to Put Harriet Tubman on the $20 Bill?
  24. ^ The Harriet Tubman $20 Bill Plan Has Been Put on the Back Burner
  25. ^ Rappeport, Alan (May 22, 2019). "Harriet Tubman $20 Bill Is Delayed Until Trump Leaves Office, Mnuchin Says". New York Times. Retrieved June 14, 2019.
  26. ^ Rappeport, Alan (June 14, 2019). "See a Design of the Harriet Tubman $20 Bill That Mnuchin Delayed". New York Times.
  27. ^ https://www.washingtonpost.com/history/2019/05/24/harriet-tubman-is-already-appearing-bills-whether-trump-officials-like-it-or-not/
  28. ^ Bureau of Engraving and Printing - U.S. Department of the Treasury, Defacement of currency is a violation of Title 18, Section 333 of the United States Code. Under this provision, currency defacement is generally defined as follows: Whoever mutilates, cuts, disfigures, perforates, unites or cements together, or does any other thing to any bank bill, draft, note, or other evidence of debt issued by any national banking association, Federal Reserve Bank, or Federal Reserve System, with intent to render such item(s) unfit to be reissued, shall be fined under this title or imprisoned not more than six months, or both.

External linksEdit