Weekly World Numismatic News for December 13, 2020

Paper money collectors will have something to add to their collections. President-elect Joe Biden announced that Janet Yellen is his nominee for Treasury Secretary. Yellen, who served as the 15th Chair of the Federal Reserve, has served as a Member of the Federal Reserve Board of Governors and President of the Federal Reserve Bank of San Francisco.

If confirmed by the Senate, Yellen will be the first woman to be appointed Treasury Secretary. It will also be the first time a woman’s signature appears on the Federal Reserve notes’ right side. For the left side where the Treasurer’s signature appears, women have held that office in every administration since Harry Truman appointed Georgia Neese Clark in 1949.

The transition team has not announced who will be the next Treasurer of the United States. Currently, the position has been vacant since January 2020. Jovita Carranza, the previous Treasurer, was appointed as Administrator of the Small Business Administration.

Just think, if Biden appoints a woman as Treasurer, there will be two women’s signatures on the Federal Reserve Notes.

Although there is no rule as to when the Bureau of Engraving and Printing changes the series of U.S. currency, recent history suggests that Yellen’s signature will first appear on Series 2021 notes. Even though the Bureau of Engraving and Printing will print billions of dollars in Federal Reserve Notes, it might be worth finding crisp notes with fancy serial numbers to put away for a while.

And now the news…

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