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#1
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$1 Bill Elimination or Redesign Info
I don't think you'll see them get rid of the all important $1 bill.
Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. |
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#2
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mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Been almost 20 years in Australia and most people are pretty happy with our $1 and $2 coins. Colin Kynoch |
#3
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I've heard nothing. I suggest you do as I do and periodically search Thomas for
legislation with key words like "coin" or "note". I also suggest that if you think that this is good for the USA that you should send a regular letter expressing your opinion to your 2 Senators and your Representative. Perhaps a phone call to the offices of various Representatives from 'out-of-state' who expressed interest in such a long term plan. Maybe they are ready to write or sponsor such legislation. This will be hard to do without a lobbyist and considering that the folks with a financial interest in continued production of the $1 FRN and the one cent coin do indeed HAVE a lobbyist (remember the lies spread about rounding cash transactions to the nearest cent ?). It also appears that there has been no movement on sorting the SBAs from the GDs and melting the SBAs down (or shipping them overseas to Ecuador, etc.). I will just continue to sort them manually and mark the SBA rolls "RARE FROM THE 1900's" with a red Sharpie. I do get comments from a lot of cashiers that they or their coworkers are collecting them. That's one way to remove them from circulation. If a few hundred (or a few thousand) folks do that all across the USA we can have a small impact on the dollar coin draw-down rate and help lead to the production of more Golden Dollars for regular circulation. -Fred Shecter -- ""Remove "zorch" from address (2 places) to reply. "Malanutt 4 Life" wrote in message ... Has anyone heard any updates on the fate of the $1 bill? I haven't seen or heard anything, but was wondering if anyone else has. I was wondering if that Liberty bill was closer to passing, mainly. I doubt it will be eliminated, but thought I'd ask anyway, just in case I missed something.. |
#4
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In article , Colin Kynoch wrote:
mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Worked in canada. Scrap the $1 bill and replace it with a coin, and start printing $2 bills again. We'd be all set. -- ______ ______ ..-----.|__ ||__ | eXistenZ32 | -__||__ || __| e@: usenet-at.-transparentmeat-dot-net |_____||______||______| |
#5
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Colin Kynoch wrote:
mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Been almost 20 years in Australia and most people are pretty happy with our $1 and $2 coins. I wish the US would take a lesson from you folks and Canada and do away with the $1 bill - too stubborn I guess, and special interest groups. |
#6
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eXistenZ32 wrote: In article , Colin Kynoch wrote: mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Worked in canada. Scrap the $1 bill and replace it with a coin, and start printing $2 bills again. We'd be all set. Why have a $2 not at all, particulalry when a coin is more efficient. Colin Kynoch In Australia where our smallest note is a $5 |
#7
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Grandpa wrote: Colin Kynoch wrote: mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Been almost 20 years in Australia and most people are pretty happy with our $1 and $2 coins. I wish the US would take a lesson from you folks and Canada and do away with the $1 bill - too stubborn I guess, and special interest groups. Hey we will even print them for you in hard wearing polymer. There was more counterfeit US currency found in Australia than counterfeit Aussie currency. Australia has virtually no counterfeit money in circulation, mainly because it it so incredibly difficult to counterfeit effectively. Colin Kynoch |
#8
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Colin Kynoch wrote:
Grandpa wrote: Colin Kynoch wrote: mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Been almost 20 years in Australia and most people are pretty happy with our $1 and $2 coins. I wish the US would take a lesson from you folks and Canada and do away with the $1 bill - too stubborn I guess, and special interest groups. Hey we will even print them for you in hard wearing polymer. There was more counterfeit US currency found in Australia than counterfeit Aussie currency. Australia has virtually no counterfeit money in circulation, mainly because it it so incredibly difficult to counterfeit effectively. Ours is counterfeited because it is accepted basically worldwide. Not trying to sound arrogant by any means, nor slamming your currency either. In fact, I wish the US would take a lesson on coin design from yourselves, Canada and others. Our circulating coins are UGLY. 50 years from now it will probably change, when someone here has a 'novel' idea. |
#9
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Try spending a dollar bill in Europe or Australia for that matter and you
will find out how world wide acceptance of the Dollar bill is. Richard nohope587 www.mycoins.us "Grandpa" wrote in message ... Ours is counterfeited because it is accepted basically worldwide. Not trying to sound arrogant by any means, nor slamming your currency either. In fact, I wish the US would take a lesson on coin design from yourselves, Canada and others. Our circulating coins are UGLY. 50 years from now it will probably change, when someone here has a 'novel' idea. |
#10
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Grandpa wrote: Colin Kynoch wrote: Grandpa wrote: Colin Kynoch wrote: mrskippy wrote: I don't think you'll see them get rid of the all important $1 bill. Redesigned perhaps, but not eliminated. I mean, what are they going to replace it with? A coin? They tried that already. Replacing a $1 note with a coin can be very successful. Been almost 20 years in Australia and most people are pretty happy with our $1 and $2 coins. I wish the US would take a lesson from you folks and Canada and do away with the $1 bill - too stubborn I guess, and special interest groups. Hey we will even print them for you in hard wearing polymer. There was more counterfeit US currency found in Australia than counterfeit Aussie currency. Australia has virtually no counterfeit money in circulation, mainly because it it so incredibly difficult to counterfeit effectively. Ours is counterfeited because it is accepted basically worldwide. Anyone with a halfdecent photocopier can churn out a reasonable facsimile of US currency. Three colours is hardly difficult and unless you are handling US currency on a daily basis you would look at it and it would look real. If you were smart enough to use rag paper then it would even feel real. And fruther if you had notes that preceded th recent introduction of security measures only an expert would be able to tell. One of the major reasons Australia changed to polymer notes was the couinterfeiting issue. Australia had relatively large numbers of counterfeit notes (bear in mind there were over 30 colours used) and ways of reducing this were looked at. The security measures in built and the longevity of the notes make the currency not only one of the most secure (difficult to counterfeit) but also one of the most economical currencies in the world. Not trying to sound arrogant by any means, nor slamming your currency either. No offence taken. I read somehwere recently that approximately a quarter to a third of all US currency is not in the United States. The US currency is probably the most counterfeited for this reason and also the ease at which a reasonable facsimile can be produced. In fact, I wish the US would take a lesson on coin design from yourselves, Canada and others. Our circulating coins are UGLY. Ours are nice. the 5c, 10c, 20c (with the exception of one commemoratice) and 50c (with the exception of quite a number of commemoratives) have remained the same since 1966. The $1 was introduced in 1984 and has a basic design, but it is a few years since that has been minted as the $1 is the commemorative coin denomination of choice for the RAM. And the $2 has remained unchanged since its introduction in 1988. 50 years from now it will probably change, when someone here has a 'novel' idea. I like the half dollars and the dollar coins. I particularly like the Sacawagea. Are they still minting it? Colin Kynoch |
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