I’m a fan of paper money less than I am of coins, but I still like to take notice whenever any currency is redesigned. The $5 bill is the latest to get a make-over to thwart counterfeiters and to keep things interesting. Apparently counterfeiters prefer to bleach current $5 and reprint images of $100 bills on the paper for a tidy profit. The new watermarks on the $5 bill should prevent this.
Here is the new design.
These colorful bills entered circulation last Thursday, but I have not seen one just yet. Personally, I’d like to see more artistic designs — on bills as well as coins. I’d also like to see elimination of the one-cent piece and the one dollar bill. I’ll go out on a limb and even consider revaluation of the US dollar in such a way that today’s $1 becomes the “new $0.10″ and today’s $10 becomes the “new $1″ and so forth. It sounds crazy, but I’d like to see this before it costs $100 to see a movie in a theater.
Updated April 9, 2008 and originally published March 18, 2008. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.