On Wednesday, Treasury Secretary Jacob Lew made the surprise announcement that the $10 bill was getting an overhaul and that by 2020, the bill that features the first secretary of the treasury, Alexander Hamilton, would also feature a still to-be-named woman:
America’s currency is a way for our nation to make a statement about who we are and what we stand for. Our paper bills—and the images of great American leaders and symbols they depict—have long been a way for us to honor our past and express our values.
Lew also noted that the redesign coincides with the 100th anniversary of the passage of the 19th amendment, which granted women the right to vote.
The decision to remake the sawbuck may not necessarily knock Hamilton off the bill entirely. “There are many options for continuing to honor Hamilton,” read a statement on the Treasury website. “While one option is producing two bills, we are exploring a variety of possibilities.”
The last time the Treasury added a new face to a bill, it was Andrew Jackson’s, whose visage replaced that of Grover Cleveland on the $20 bill. It was also the $20 bill that seemed the most likely candidate to be resigned. Earlier this year, we noted the efforts by the group Women on 20s to replace Jackson, who cuts a controversial historical figure and hated paper currency, with a woman. (In a poll, Harriet Tubman edged out Eleanor Roosevelt as the winner.)