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Coin and Currency suggestions for the U.S. Treasury
I have really been thinking about this. The BEP and Treasury keep
responding to letters about redesigning the $1 and $2 bills, saying along the lines of "The $1 and $2 bills are the least counterfeited denominations, and therefore will not be redesigned" but the real reason (I believe its the real reason, anyway) is that by order of Congress, the $1 bill is not being redesigned, due to the cost of vendors reprograming their machines. I don't know what made them change their minds, because, I read some of the older articles on Google from the first redesign that stated that a redesigned $1 bill would be coming out around 1999, so there would be plenty of time for the vending industry to prepare. I wish the government would have went through with the $1 bill being redesigned. I also received mail directly from the BEP stating that the $2 bill was to be redesigned during the 1996 redesign. I have a few ideas for the Treasury. 1: Do NOT redesign the $1 bill if it would be so bad on vendors, but why not add a water mark, a security strip that reads "USA ONE" down it, some background color tints and some little orange "01s" on the front around George Washingtons portrait, if these inks for these features would be like the serial numbers and not mess with vending machines? This would prevent counterfeiters from bleaching $1 bills and printing old style pre-1990 $100 bills on the genuine currency paper, which would evade a counterfeit pen test. Problem solved. As for the $2 bill, this denomination should get the total "NexGen" redesign. The enlarged portrait of Thomas Jefferson, the same watermarks as the new $5 bill, only in 2s and not 5s, a background color tint, a security thread that reads "USA TWO" down it, and a large low-vision numeral similar to the new $5 bill. This would not only solve bleaching $2 bills, but it may also increase the circulation because, people will see the redesigned $2 bills and think "Wow! They still print these? So they're not "rare collectibles?" and that may cause people to spend $2s more, istead of hoarding them. I kept urging that the Treasury issue a new $2 bill along side the new $5 bills in order for vendors to reprogram their machines to take the new $2 bills while reprograming for the new $5s, including the many vending machines that do not take $2 bills, thus possibly increasing the circulation of $2 bills even more. Another thing about the $2 bill being redesigned is, the fact that, in dark lighting, the current $2 bill looks ALOT like the current $1 bill, and if the $2 bill were redesigned with a big 2 on the back of it, and other features, people would be less likely to make the mistake of spending a $2 bill as a $1 bill. (At least people would be looking closer at redesigned $2 bill to make sure they're not redesigned $5s so that they don't get ripped off $3) From what I understand, there is NO government order stopping the redesign of the $2 bill, and Jim Benfield always suggested that the $2 bill should be redesigned BEFORE the $1 bill is eliminated. So the Treasury should really go for a redesign of the $2. If they are going to keep the $1 and $2 bills, they should add these features I suggested, because if they did, "perfect" counterfeiting would be darn near impossible, if not totally impossible. If people looked closely at their money, anyway. By the way, has anyone heard anything about a possible reissue of the $500 bill by the year 2010? I really think the Treasury should issue new $200, $500, and possibly $1,000 bills in 2010, 2011, and 2012, due to inflation, and the fact that, even $1,000 doesn't go very far these days. And they will NEVER stop the drug war, so why not issue new larger denominations of U.S. currency for us law abiding citizens to use? After all, I did hear that the U.S. dollar is curmbling away in power, and larger denominations would help stop this. This would also help save money on printing less $100 bills. Also, lets get rid of the cent, and redesign the half dollar to be copper in color, have a reeded edge, so as not to confuse it with the one cent coin while its still in circulation, and to be in between the size of the quarter and the nickel, so that it fits in vending machines and maybe the vendors could reprogram their machines to take the new halves. This would save on minting so many quarters. One other thing I think should happen eventually if the $2 bill is eliminated for a coin: ressurect the plans that the Treasury orginally had, to print $3 bills. I know this idea sounds corny, and it may also be hard to count by 3s, but if people could get used to it, with a $3 bill, consumers could only get stuck with carrying ONE $1 or $2 coin, and not one of each. The $3 bill could go in the exact same slot in the cash regester as the $1 and $2 bill went in (if the $2 bill had caught on, after the $1 bill's demise) I wouldn't go so far as to create a $4 bill if the $3 bill goes though, seing as there were never any plans for that, and the $3 bill shouldn't really be eliminated since there'd be too many denominations of coins with added $1, $2, and $3 coins. Even if the $3 didn't catch on, they'd be fun to spend, just like the $2 bills are, now. Does anyone here think they might at least get rid of the $1 bill though? I was hearing rumors about $1 bill elimination plans being introduced starting next year. Does anyone think this is true? Will the Government finally grow the courage to eliminate the $1 bill (and cent)? If they keep the cent, I suggest that they change the composition of the cent to copper plated steel, and while they're at it, change the composition of the nickel to stainless steel, or nickel plated steel, and change the quarter and dime to stainless steel, and change the size of the half, and composition to either solid copper, or copper plated stainless steel, and leave the $1 coin alone. |
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#2
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Coin and Currency suggestions for the U.S. Treasury
wrote in message oups.com... I have really been thinking about this. The BEP and Treasury keep responding to letters about redesigning the $1 and $2 bills, saying along the lines of "The $1 and $2 bills are the least counterfeited denominations, and therefore will not be redesigned" but the real reason (I believe its the real reason, anyway) is that by order of Congress, the $1 bill is not being redesigned, due to the cost of vendors reprograming their machines. I don't know what made them change their minds, because, I read some of the older articles on Google from the first redesign that stated that a redesigned $1 bill would be coming out around 1999, so there would be plenty of time for the vending industry to prepare. I wish the government would have went through with the $1 bill being redesigned. I also received mail directly from the BEP stating that the $2 bill was to be redesigned during the 1996 redesign. I have a few ideas for the Treasury. 1: Do NOT redesign the $1 bill if it would be so bad on vendors, but why not add a water mark, a security strip that reads "USA ONE" down it, some background color tints and some little orange "01s" on the front around George Washingtons portrait, if these inks for these features would be like the serial numbers and not mess with vending machines? This would prevent counterfeiters from bleaching $1 bills and printing old style pre-1990 $100 bills on the genuine currency paper, which would evade a counterfeit pen test. Problem solved. As for the $2 bill, this denomination should get the total "NexGen" redesign. The enlarged portrait of Thomas Jefferson, the same watermarks as the new $5 bill, only in 2s and not 5s, a background color tint, a security thread that reads "USA TWO" down it, and a large low-vision numeral similar to the new $5 bill. This would not only solve bleaching $2 bills, but it may also increase the circulation because, people will see the redesigned $2 bills and think "Wow! They still print these? So they're not "rare collectibles?" and that may cause people to spend $2s more, istead of hoarding them. I kept urging that the Treasury issue a new $2 bill along side the new $5 bills in order for vendors to reprogram their machines to take the new $2 bills while reprograming for the new $5s, including the many vending machines that do not take $2 bills, thus possibly increasing the circulation of $2 bills even more. Another thing about the $2 bill being redesigned is, the fact that, in dark lighting, the current $2 bill looks ALOT like the current $1 bill, and if the $2 bill were redesigned with a big 2 on the back of it, and other features, people would be less likely to make the mistake of spending a $2 bill as a $1 bill. (At least people would be looking closer at redesigned $2 bill to make sure they're not redesigned $5s so that they don't get ripped off $3) From what I understand, there is NO government order stopping the redesign of the $2 bill, and Jim Benfield always suggested that the $2 bill should be redesigned BEFORE the $1 bill is eliminated. So the Treasury should really go for a redesign of the $2. If they are going to keep the $1 and $2 bills, they should add these features I suggested, because if they did, "perfect" counterfeiting would be darn near impossible, if not totally impossible. If people looked closely at their money, anyway. By the way, has anyone heard anything about a possible reissue of the $500 bill by the year 2010? I really think the Treasury should issue new $200, $500, and possibly $1,000 bills in 2010, 2011, and 2012, due to inflation, and the fact that, even $1,000 doesn't go very far these days. And they will NEVER stop the drug war, so why not issue new larger denominations of U.S. currency for us law abiding citizens to use? After all, I did hear that the U.S. dollar is curmbling away in power, and larger denominations would help stop this. This would also help save money on printing less $100 bills. Also, lets get rid of the cent, and redesign the half dollar to be copper in color, have a reeded edge, so as not to confuse it with the one cent coin while its still in circulation, and to be in between the size of the quarter and the nickel, so that it fits in vending machines and maybe the vendors could reprogram their machines to take the new halves. This would save on minting so many quarters. One other thing I think should happen eventually if the $2 bill is eliminated for a coin: ressurect the plans that the Treasury orginally had, to print $3 bills. I know this idea sounds corny, and it may also be hard to count by 3s, but if people could get used to it, with a $3 bill, consumers could only get stuck with carrying ONE $1 or $2 coin, and not one of each. The $3 bill could go in the exact same slot in the cash regester as the $1 and $2 bill went in (if the $2 bill had caught on, after the $1 bill's demise) I wouldn't go so far as to create a $4 bill if the $3 bill goes though, seing as there were never any plans for that, and the $3 bill shouldn't really be eliminated since there'd be too many denominations of coins with added $1, $2, and $3 coins. Even if the $3 didn't catch on, they'd be fun to spend, just like the $2 bills are, now. Does anyone here think they might at least get rid of the $1 bill though? I was hearing rumors about $1 bill elimination plans being introduced starting next year. Does anyone think this is true? Will the Government finally grow the courage to eliminate the $1 bill (and cent)? If they keep the cent, I suggest that they change the composition of the cent to copper plated steel, and while they're at it, change the composition of the nickel to stainless steel, or nickel plated steel, and change the quarter and dime to stainless steel, and change the size of the half, and composition to either solid copper, or copper plated stainless steel, and leave the $1 coin alone. You are preaching to folks who are not in positions to effect the changes you suggest. Why not send these ideas to your Congressmen, who *are* in a position to effect them? Copy in the folks at the Treasury while you're in the writing mode. James |
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Coin and Currency suggestions for the U.S. Treasury
On Oct 13, 8:20 am, wrote:
I have really been thinking about this... Yawn... |
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Coin and Currency suggestions for the U.S. Treasury
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Coin and Currency suggestions for the U.S. Treasury
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Coin and Currency suggestions for the U.S. Treasury
On Oct 13, 1:06 pm, "Roßert G. Schaffrath"
wrote: The $4 was so obscure that it is a valuable collectible these days. It was, in fact, a pattern coin and not a regular issue. |
#8
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Coin and Currency suggestions for the U.S. Treasury
On Oct 13, 8:20?am, wrote a significant rant,
most of which I believe have merit. To save bandwidth, a significant amount has been snipped: As for the $2 bill, this denomination should get the total "NexGen" redesign. Jim Benfield always suggested that the $2 bill should be redesigned BEFORE the $1 bill is eliminated. So the Treasury should really go for a redesign of the $2. Totally agree. I really think the Treasury should issue new $200, $500, and possibly $1,000 bills in 2010, 2011, and 2012, due to inflation, and the fact that, even $1,000 doesn't go very far these days. It would be a novelty, at best. Most purchases over $100 these days are paid for by plastic or checks (Huh? Checks?). When was the last time you bought something for over $10,000 and thought, "Gee, ten $1,000 notes would be a lot easier to carry than these one hundred $100 bills." Also, lets get rid of the cent, I agree on this point, too. and redesign the half dollar to be copper in color, have a reeded edge, so as not to confuse it with the one cent coin while its still in circulation, and to be in between the size of the quarter and the nickel, so that it fits in vending machines and maybe the vendors could reprogram their machines to take the new halves. This would save on minting so many quarters. Leave the half alone. I'd prefer dumping the Suzie/Sac/Prez size and go back to the real silver dollar size. One other thing I think should happen eventually if the $2 bill is eliminated for a coin: ressurect the plans that the Treasury orginally had, to print $3 bills. Bad idea (personal opinion). Does anyone here think they might at least get rid of the $1 bill though? I was hearing rumors about $1 bill elimination plans being introduced starting next year. Does anyone think this is true? Will the Government finally grow the courage to eliminate the $1 bill (and cent)? Silly boy. Congress critters only care about getting reelected, PERIOD! Hillary got elected to the Senate seven years ago and all she's done is run for President. She's done NOTHING for NY State. (Hey, Jud, where's my t-shirt?) Jerry Life's a bitch; don't vote for one. |
#9
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Coin and Currency suggestions for the U.S. Treasury
On Oct 13, 1:58 pm, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
wrote in message oups.com... I have really been thinking about this. The BEP and Treasury keep responding to letters about redesigning the $1 and $2 bills, saying along the lines of "The $1 and $2 bills are the least counterfeited denominations, and therefore will not be redesigned" but the real reason (I believe its the real reason, anyway) is that by order of Congress, the $1 bill is not being redesigned, due to the cost of vendors reprograming their machines. I don't know what made them change their minds, because, I read some of the older articles on Google from the first redesign that stated that a redesigned $1 bill would be coming out around 1999, so there would be plenty of time for the vending industry to prepare. I wish the government would have went through with the $1 bill being redesigned. I also received mail directly from the BEP stating that the $2 bill was to be redesigned during the 1996 redesign. I have a few ideas for the Treasury. 1: Do NOT redesign the $1 bill if it would be so bad on vendors, but why not add a water mark, a security strip that reads "USA ONE" down it, some background color tints and some little orange "01s" on the front around George Washingtons portrait, if these inks for these features would be like the serial numbers and not mess with vending machines? This would prevent counterfeiters from bleaching $1 bills and printing old style pre-1990 $100 bills on the genuine currency paper, which would evade a counterfeit pen test. Problem solved. As for the $2 bill, this denomination should get the total "NexGen" redesign. The enlarged portrait of Thomas Jefferson, the same watermarks as the new $5 bill, only in 2s and not 5s, a background color tint, a security thread that reads "USA TWO" down it, and a large low-vision numeral similar to the new $5 bill. This would not only solve bleaching $2 bills, but it may also increase the circulation because, people will see the redesigned $2 bills and think "Wow! They still print these? So they're not "rare collectibles?" and that may cause people to spend $2s more, istead of hoarding them. I kept urging that the Treasury issue a new $2 bill along side the new $5 bills in order for vendors to reprogram their machines to take the new $2 bills while reprograming for the new $5s, including the many vending machines that do not take $2 bills, thus possibly increasing the circulation of $2 bills even more. Another thing about the $2 bill being redesigned is, the fact that, in dark lighting, the current $2 bill looks ALOT like the current $1 bill, and if the $2 bill were redesigned with a big 2 on the back of it, and other features, people would be less likely to make the mistake of spending a $2 bill as a $1 bill. (At least people would be looking closer at redesigned $2 bill to make sure they're not redesigned $5s so that they don't get ripped off $3) From what I understand, there is NO government order stopping the redesign of the $2 bill, and Jim Benfield always suggested that the $2 bill should be redesigned BEFORE the $1 bill is eliminated. So the Treasury should really go for a redesign of the $2. If they are going to keep the $1 and $2 bills, they should add these features I suggested, because if they did, "perfect" counterfeiting would be darn near impossible, if not totally impossible. If people looked closely at their money, anyway. By the way, has anyone heard anything about a possible reissue of the $500 bill by the year 2010? I really think the Treasury should issue new $200, $500, and possibly $1,000 bills in 2010, 2011, and 2012, due to inflation, and the fact that, even $1,000 doesn't go very far these days. And they will NEVER stop the drug war, so why not issue new larger denominations of U.S. currency for us law abiding citizens to use? After all, I did hear that the U.S. dollar is curmbling away in power, and larger denominations would help stop this. This would also help save money on printing less $100 bills. Also, lets get rid of the cent, and redesign the half dollar to be copper in color, have a reeded edge, so as not to confuse it with the one cent coin while its still in circulation, and to be in between the size of the quarter and the nickel, so that it fits in vending machines and maybe the vendors could reprogram their machines to take the new halves. This would save on minting so many quarters. One other thing I think should happen eventually if the $2 bill is eliminated for a coin: ressurect the plans that the Treasury orginally had, to print $3 bills. I know this idea sounds corny, and it may also be hard to count by 3s, but if people could get used to it, with a $3 bill, consumers could only get stuck with carrying ONE $1 or $2 coin, and not one of each. The $3 bill could go in the exact same slot in the cash regester as the $1 and $2 bill went in (if the $2 bill had caught on, after the $1 bill's demise) I wouldn't go so far as to create a $4 bill if the $3 bill goes though, seing as there were never any plans for that, and the $3 bill shouldn't really be eliminated since there'd be too many denominations of coins with added $1, $2, and $3 coins. Even if the $3 didn't catch on, they'd be fun to spend, just like the $2 bills are, now. Does anyone here think they might at least get rid of the $1 bill though? I was hearing rumors about $1 bill elimination plans being introduced starting next year. Does anyone think this is true? Will the Government finally grow the courage to eliminate the $1 bill (and cent)? If they keep the cent, I suggest that they change the composition of the cent to copper plated steel, and while they're at it, change the composition of the nickel to stainless steel, or nickel plated steel, and change the quarter and dime to stainless steel, and change the size of the half, and composition to either solid copper, or copper plated stainless steel, and leave the $1 coin alone. You are preaching to folks who are not in positions to effect the changes you suggest. Why not send these ideas to your Congressmen, who *are* in a position to effect them? Copy in the folks at the Treasury while you're in the writing mode. James- Hide quoted text - - Show quoted text - Sorry, I believe I sent a reply to the wrong link. Anyway, as I said, I tell the Treasury that they should make these changes because they can talk to Congress since I have read that, the Treasury will not reissue a higher denomination than the $100 bill without first consulting Congress, as well as, they also will not redesign the $1 bill without talking to Congress. However, there is nothing stopping the Treasury from redesigning the $2 bill. So thats why I write to them, suggesting this. And I say, if they do redesign the $2 bill, they should go back to the Monticello reverse, in order to add more room for watermarks, and other security features (that, and I like the Monticello reverse better than the Declaratoin of Independence reverse) I think legislation would need to be passed to change the coinage composition and redesign the half though. |
#10
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Coin and Currency suggestions for the U.S. Treasury
On Sat, 13 Oct 2007 17:08:29 -0700, Jerry Dennis
wrote: Leave the half alone. I'd prefer dumping the Suzie/Sac/Prez size and go back to the real silver dollar size. Definitely not. I prefer the smaller size since they are not much heavier than a quarter and certainly lighter than 4 quarters. |
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