The United States twenty-dollar bill ($20) is a denomination of United States currency. Former U.S. President Andrew Jackson is currently featured on the front side of the bill, which is why the twenty-dollar bill is often called a "Jackson," while the White House is featured on the reverse side.
The twenty-dollar bill in the past was referred to as a "double-sawbuck" because it is twice the value of a ten-dollar bill, which was nicknamed a "sawbuck" due to the resemblance the Roman numeral for ten (X) bears to the legs of a sawbuck, although this usage had largely fallen out of favor by the 1980s. The twenty dollar gold coin was known as a "double eagle". Rather than a nickname, this nomenclature was specified by an act of Congress.
The Bureau of Engraving and Printing says the average circulation life of a $20 bill is 25 months (2 years) before it is replaced due to wear. Approximately 11% of all notes printed in 2009 were $20 bills. Twenty-dollar bills are delivered by Federal Reserve Banks in violet straps.
Read more about United States Twenty-dollar Bill: Pre-Federal Reserve History, Federal Reserve History, Design Controversy
Famous quotes containing the words united states, united, states and/or bill:
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—Walter Lippmann (1889–1974)
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—Lynn Redgrave (b. 1943)
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—Mary Barnett Gilson (1877–?)
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—Calvin Coolidge (1872–1933)