CNN Money — Reagan the new face of the $10 bill?
Ronald Reagan’s face could one day adorn the $10 bill or half the dimes minted in the country, if fans of the late president get their way. On TuesdaySen. Mitch McConnell (R-Ky.) confirmed that he is considering sponsoring legislation in the Senate to have Reagan’s image replace that of Alexander Hamilton, the nation’s first treasury secretary, on the $10 bill.
Meanwhile, an effort is underway in the House of Representatives, led by Rep. Dana Rohrabacher (R-Calif.), to put Reagan’s face on the $20.
If either effort is successful, it would represent the first change of a person on U.S. currency since 1929, when the nation’s paper money was standardized in size and general design. Although various anti-counterfeiting measures have altered the look of paper notes since then, the principals depicted have not changed.
While this is an interesting proposal, it’s one that should be considered a few years down the line rather than when pro-Reagan sentiment is highest. It seems to me that it would make more sense to take Grant off the $50 or to relegate Washington and Lincoln to one currency apiece than to take Hamilton off the $10 bill.
