Posted on Apr 23, 2016
Is honoring Harriet Tubman with her face on the $20 bill worth the $911,600,000 that it will cost the American tax payer?
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I'm going to repeat this on the main thread.
You are confusing the VALUE of the bill ($20) with the cost to PRODUCE the bill.
Taking the 2016 order as an example, the cost to produce the 1,939,200 $20 bills (valued at $38,684,00) is around $203,616 - about 10-1/2 cents per bill.
http://m.mentalfloss.com/article.php?id=68650
You are confusing the VALUE of the bill ($20) with the cost to PRODUCE the bill.
Taking the 2016 order as an example, the cost to produce the 1,939,200 $20 bills (valued at $38,684,00) is around $203,616 - about 10-1/2 cents per bill.
http://m.mentalfloss.com/article.php?id=68650
How Much Does it Cost to Manufacture U.S. Paper Money?
Billions of paper notes are printed by the government every year, and those paper and ink costs sure do add up.
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LTJG (Join to see)
Twenty-Dollar Tubman | Full Frontal with Samantha Bee | TBS
You'd think updating currency to replace mega-haired genocide practitioner Andrew Jackson with slave liberator Harriet Tubman would be uncontroversial. Watch...
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1SG (Join to see)
SPC Michael Mullins What are you talking about. This is taken right from the Treasury website.
On December 16, 2015, the Board approved the 2016 currency budget totaling $737.4 million, which represents an increase of $19.4 million, or 2.7 percent, from the approved 2015 budget, and an increase of $44.8 million, or 6.5 percent, from estimated 2015 expenses
If you go to the site and look at the breakdown of expenses you can see that the budget does, indeed, include printing costs.
http://www.federalreserve.gov/foia/2016currency.htm
On December 16, 2015, the Board approved the 2016 currency budget totaling $737.4 million, which represents an increase of $19.4 million, or 2.7 percent, from the approved 2015 budget, and an increase of $44.8 million, or 6.5 percent, from estimated 2015 expenses
If you go to the site and look at the breakdown of expenses you can see that the budget does, indeed, include printing costs.
http://www.federalreserve.gov/foia/2016currency.htm
The Federal Reserve Board of Governors in Washington DC.
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SPC Michael Mullins
SPC Michael Mullins - also this is the first year since the changing of the 100 dollar bill where the Federal Reserve printed less than 2.5 mil $100 bills since the change and with a life span of 15 years on a $100 dollar bill and the fact that in 2013 there were only 8 billion in circulation the number should be roughly the same if we were only replacing the worn out bills but we now have 10.8 billion in circulation. My number may be a little high but not over exaggerated by much.
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1SG (Join to see)
You are not taking into account the fact that the cost of replacing the printing plates as they wear, is already figured into the expense budget. Simply replacing the plate with a Tubman instead of a Jackson only involves the initial cost of the redesign. Once the final design is in place, the price to produce replacement plates is going to be the same. It does not matter if the new plate has Jackson, Tubman, Reagan, or Scrooge McDuck as the design
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1stSgt Nelson Kerr
The Change will const very little, the bill will be redesigned at the same time no matter who is on it, simply for security reasons,. New art and plates already have to be produced to the difference in cost is miniscule. The twent was orginaly sceduled to be redesigned with Jackson on it in 2020 replacing him with Tubman will lost nothing
Unless you think it is more expensive top draw a hero that a genocidal thug?
Unless you think it is more expensive top draw a hero that a genocidal thug?
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You want to know the most bullshit cost to the taxpayer when it comes to money? Pennies, nickels, and $1 bills. Every penny costs us 1.6 cents to make. The nickel is not far behind at 5.2 cents to make. Single dollar bills which are the most sparsely used bill have a circulation life of 12-18 months. If we went to dollar coin exclusively (which have a circulation life of 30 years) we would save a ton of money. Look we change the designs on bills all the time, if you want to bitch about wasting money on our money, then then the penny, the nickel, and the $1 bill need to be in your sights first.
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