Reagan on the $50 Idea in Congress
By Numismatic News
Remember who is on the $50 Federal Reserve Note?
Rep. Patrick McHenry, R-N.C., is betting most
people don’t remember that it is Ulysses S.
Grant, 19th century Civil War general and a
former President of the United States.
Instead, McHenry proposes using a portrait of
Ronald Reagan, 40th President of the United
States. “Every generation needs its own heroes,”
McHenry said in a press release.
“One decade into the 21st century, it’s time to
honor the last great President of the 20th and
give President Reagan a place beside Presidents
Roosevelt and Kennedy.”
The press release also contends that Reagan is
more popular than Grant, consistently outranking
Grant in opinion polls, and notes that President
Franklin D. Roosevelt’s depiction is already on
the dime and that of John F. Kennedy is on the
Called the “President Ronald Reagan $50 Bill
Act,” McHenry’s legislation, H.R. 4705, has 16
co-sponsors (a majority is 218 in the House of
Representatives) and it was referred to the
House Committee on Financial Services after its
Feb. 25 introduction.
It’s not the first proposal to place Reagan on
the nation’s currency. Others have included
replacing Alexander Hamilton on the $10 and
Andrew Jackson on the $20. In 2004, the year of
Reagan’s death, a suggestion that Reagan replace
Roosevelt on the dime was scotched by Nancy