Numismatics

New Face on the $20 Bill: Who, Why, and When

The effort to place a new face on the $20 bill is a deliberate update intended to broaden representation of American history on widely circulated currency. The current portrait...

Mara Ellison
New Face on the $20 Bill: Who, Why, and When

Plan and purpose of the new $20 design

The effort to place a new face on the $20 bill is a deliberate update intended to broaden representation of American history on widely circulated currency. The current portrait of Andrew Jackson on the obverse has prompted debate about whose stories are highlighted on federally issued paper money. The planned change responds to calls for more inclusive depictions that reflect the full range of the nation’s experiences and civic contributions. This shift also serves practical functions such as incorporating modern security features and aligning the series with clearer narratives about democracy and civic identity.

The portrait decision: who is chosen and why

Design selections emphasize historical prominence, public recognition, and symbolic resonance. When the Bureau of Engraving and Printing and the U.S. Treasury outline criteria for the new portrait, they typically weigh historical impact, public familiarity, and the ability to represent enduring civic values. A profile that can anchor clear, recognizable imagery is important for both everyday users and collectors who rely on distinct, well-executed portraits to identify notes. The decision balances these representational goals with the practical demands of anti-counterfeiting and long-term durability of the note.

Signature security and anti-counterfeiting upgrades

Alongside the portrait change, the $20 update integrates contemporary security features that make replication significantly harder. Modern series incorporate advanced ink, microprinting, color-shifting elements, and improved paper quality that together complicate forgery. For the public, clearer marks mean easier authentication in everyday commerce and at financial institutions. For collectors, these technical enhancements create measurable reference points that can influence grading, rarity evaluations, and long-term collector interest.

Historical context of portraits on U.S. paper currency

The faces chosen for U.S. banknotes often reflect political consensus, lobbying, and symbolic priorities of their era. Past selections on the $20 have emphasized political leadership associated with the nation’s formative institutions, while other denominations highlight founders, presidents, and statesmen whose legacies shaped governance and policy. The evolution of portraits on major notes illustrates how societies negotiate memory and recognition through the imagery they elevate to everyday circulation. Understanding this history clarifies both the continuity and significance of design choices on the $20.

Portrait lineage on the $20 series

Series or YearPortrait on ObverseNotes on Context
1928–1929 (Original)Andrew JacksonFirst small-sized note portrait
1990–2003 (Series 1990–1995)Andrew JacksonStandard portrait with incremental security updates
Series 1996–2006Andrew JacksonEnhanced security features while retaining Jackson portrait
Series 2003–2006 (Modified)Andrew JacksonColor-shifting ink and improved counterfeit resistance
Series 2009–2017Andrew JacksonLarger portrait and watermark refinements
Planned updateTBDReplacement intended to broaden historical representation

The announcement and rationale

Public announcements about the new portrait on the $20 typically emphasize inclusion, recognition, and the narrative function of currency as a reflection of national memory. Treasury statements usually explain that moving beyond a single historical model allows the series to represent a wider array of civic contributions and lived experiences. By choosing a new face for the $20, authorities frame the update as part of an ongoing effort to ensure that banknotes communicate clear, accessible stories about democracy, identity, and shared history. The announcement also underscores continuity in security and function, reassuring the public and markets that the change is an evolution rather than a disruption.

Decision drivers and policy context

  • Calls for broader historical representation on federal banknotes, including voices previously underrepresented in prominent civic imagery.
  • Security modernization goals, leveraging updated anti-counterfeiting technology to protect the integrity of circulation notes.
  • Public education and narrative clarity, using imagery that communicates recognizable chapters of history to current and future generations.
  • Stakeholder input from historians, advocacy groups, and design experts to guide selection criteria that balance recognition, relevance, and durability.

Design and production process

From concept to circulation, introducing a new face on the $20 follows rigorous planning and review. Designers create multiple portrait concepts that meet clear visual and symbolic criteria, ensuring the chosen image reproduces well at small scales and across varied printing methods. Engravers then translate approved artwork into highly detailed die forms that define the final intaglio appearance on the note. Concurrently, paper, inks, and security features are integrated into the substrate to ensure compatibility with both legacy processing equipment and emerging verification tools used by banks and businesses.

Art direction, engraving, and testing

The art direction phase focuses on legibility, contrast, and aesthetic coherence with the overall series. Engraving specialists translate approved designs into finely detailed metal plates, a process that demands precision to capture subtle gradations and prevent reprographic duplication. Extensive counterfeiting simulations and durability testing underpin each design iteration, with test notes evaluated for performance in automated sorting, teller verification, and long-term handling conditions. Only after these evaluations clear a multi-stage review does production begin at secured engraving facilities.

Timeline and implementation plan

While broad outlines may be announced publicly, precise production schedules for new banknote series are typically framed in ranges rather than fixed calendar dates. Development can span several years, from concept approval through engraving, production ramp-up, and distribution to financial institutions. The rollout often occurs in series waves, allowing gradual replacement of older notes in circulation without abrupt disruption to commerce. For the public and collectors, clarity about effective dates, withdrawal schedules for prior series, and guidance on transitional usage helps manage expectations and minimize confusion.

Key timeline considerations

PhaseTypical EventWhy it matters
Concept ApprovalPortrait selected and design authorizedLocks narrative direction and enables detailed production work
Engraving and TestingPlate creation, counterfeiting resistance validationEnsures security, durability, and compatibility with verification tools
Production Ramp-UpSerial printing, packaging, and quality controlBuilds inventory for distribution without overwhelming supply chains
Circulation EntryDistribution to banks and ATMs; public introductionBrings new note into everyday use while older notes remain valid during transition
Full DeploymentTarget mix reached; prior series withdrawn per scheduleCompletes transition and stabilizes the circulating note portfolio

What this means for the public and collectors

For everyday users, the most immediate effect of a new face on the $20 is visual familiarity once the note enters circulation. The new portrait will appear alongside updated security features intended to be straightforward for users to check while remaining challenging to counterfeit. Financial institutions typically provide guidance on recognizing genuine notes, and businesses update training materials to reflect the latest design cues. Over time, the updated $20 settles into routine use, with older series gradually phasing out through normal banking workflows. Legal tender status remains unchanged for valid series during transition periods, ensuring continuity in transactions.

Practical guidance for the transition

  • Check clear, official images from the issuing authority to learn portrait and security-feature details.
  • Use bank and ATM notes when possible; retailers and cash handlers should follow updated verification guidance.
  • Continue accepting older series notes as legal tender during the withdrawal period, verifying security features when validation is uncertain.
  • Collectors should track series dates, seal codes, and distribution markers, which can affect condition rarity and market interest.

Collector considerations and long-term outlook

For collectors, portrait changes on the $20 introduce new series that vary in initial availability, printing variances, and market reception. Early-release notes, special seal codes, and notes from certain facilities can create desirable variants that are tracked by series collectors. Condition remains a primary driver of value, with crisp, well-centered notes typically commanding stronger premiums. Over time, the new series may establish its own grading benchmarks and price trends as volumes stabilize and certain attributes become rarer. Staying informed through authoritative references and community standards supports informed collecting decisions.

Tax, accounting, and valuation considerations for collections should follow general guidance applicable to numismatic assets. Market prices for circulated and uncirculated notes reflect supply and demand at the time of sale; past performance does not guarantee future results. Professional grading services can provide condition verification that supports transactions and insurance documentation where needed. Decisions to buy, hold, or trade should align with personal objectives and risk tolerance, using current information and recognized reference sources.

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