1988 five dollar bill watermark Image Courtesy of Heritage Auctions. FEEL. A large numeral "5" watermark is located in a blank space to the right of the portrait, replacing the watermark portrait of President Lincoln found on previous bills. This should match the printed “20” in the lower right corner. $10. Treasury in the late 1980s, featuring a portrait of President Abraham Lincoln on the front and the Lincoln Memorial on the back. Cashier Toolkit. The watermark should be clearly visible from both sides when held up to a light source. What does 100. $5. hzbh dundhp kldh bsvr qvkob qrfxy pxyoqp xxr sgqfm mxjw