Yet Another $1 Bill Redesign Rumor...

I do research on coin and currency issues every once in a while, and
stumbled across this:

http://forum.autocareforum.com/showthread.php?p=12637

Apparently there is a rumor that, even though the U.S. Treasury
website says that the $1 bill will not be redesigned, the rumor says
it will, and the redesigned $1 bills will hit the streets around
Thanksgiving. The person at the top states the $1 bill redesign issue,
and the one on the bottom of the thread says that, bill readers will
have to be reprogramed or replaced, so I'm guessing he means that the
$1 bill will indeed be redesigned. Unlike the guy in the middle who
claims that the $1 bill will not be redesigned, and only security
features will be added. I don't believe this rumor, but I'm guessing
you guys all know that I hope that this $1 bill redesign rumor is
true.

Any ideas as to whether this is true?

I really don't see a big issue on redesigning the $1 bill, as far as
vending machines go, because, if they can manage to reprogram their
machines to take new (widely circulated) $5 bills, I see no problem
with them programing in new $1, and while they're at it, have the
Treasury prepare to issue, and have vendors program in a new $2 bill
as well.

One idea would be to redesign the $1 bill, and if the vendors do not
want to pay to retool their machines to take new $1 bills, they should
invest in a dollar coin machine, programed to take redesigned $1 bills
(and possibly future redesigns of the $1, $2 and $5 bills) that can be
easliy retooled for as long as $1, $2 and $5 bills are around and will
spit out dollar coins for customers to use in the vending machines,
and put this "dollar coin machine" next to their veing machines, and,
hey, maybe people will realize what hassle those $1 bills are, and
would think that they should have just asked for dollar coins at their
bank over $1 bills in the first place, to avoid wasting time having
using two vending machines just to get their pop or candy bar, or
whatever.

Tom

P.S. Yeah...Yeah, the same thing repeated all over again. But I only
posted this, because of a rumor of a redesigned $1 bill.

But still, what do you guys think about the dollar coin machine issue
I mentioned, where people might just get annoyed with $1 bills, and
possibly start using dollar coins in the first place instead?

Congress specifically prohibited the dollar bill from being
redesigned.

In article
,
Voltronicus wrote:

Congress specifically prohibited the dollar bill from being
redesigned.

If any redesign takes place, it would be because of the
Treasury/Federal Reserve losing court cases on the issue of US currency
violating the Americans with Disabilities Act (i.e., folks with poor
vision having difficulty telling one denomination from another). And
then it would be part of a general redesign of all denominations, which
may end up giving us currency of different sizes.

In this scenario, I think there's a slight chance that the government
may decide to just ditch the $1 note (& possibly the $2) to keep the
number of differing sizes/colors/whatever to a minimum. It might even
prompt the authorities to issue notes above $100 again, what with
inflation over the years & the desire to stay relevant, but that's even
more iffy.

On Jul 28, 7:55*pm, Slime Lowlife wrote:
In article
,

Voltronicus wrote:
Congress specifically prohibited the dollar bill from being
redesigned.

If any redesign takes place, it would be because of the
Treasury/Federal Reserve losing court cases on the issue of US currency
violating the Americans with Disabilities Act (i.e., folks with poor
vision having difficulty telling one denomination from another). *And
then it would be part of a general redesign of all denominations, which
may end up giving us currency of different sizes.

In this scenario, I think there's a slight chance that the government
may decide to just ditch the $1 note (& possibly the $2) to keep the
number of differing sizes/colors/whatever to a minimum. *It might even
prompt the authorities to issue notes above $100 again, what with
inflation over the years & the desire to stay relevant, but that's even
more iffy.

The dollar bill will be around for the forseeable future because the
public demands it.
As I have mentioned before, the powerful strippers' lobby pressures
Congress to keep the one, lest they have no bills to get stuffed in
their g-strings.
I will admit though, stuffing dollar coins into a g-string sounds like
fun!
The deuce sees so little circulation that almost nobody would care if
they stopped printing them. I have to have my bank order them
specifically for me or otherwise I'd never have them.

On Mon, 28 Jul 2008 18:55:54 -0500, Slime Lowlife
wrote:

In article
,
Voltronicus wrote:

Congress specifically prohibited the dollar bill from being
redesigned.

If any redesign takes place, it would be because of the
Treasury/Federal Reserve losing court cases on the issue of US currency
violating the Americans with Disabilities Act (i.e., folks with poor
vision having difficulty telling one denomination from another). And
then it would be part of a general redesign of all denominations, which
may end up giving us currency of different sizes.

In this scenario, I think there's a slight chance that the government
may decide to just ditch the $1 note (& possibly the $2) to keep the
number of differing sizes/colors/whatever to a minimum. It might even
prompt the authorities to issue notes above $100 again, what with
inflation over the years & the desire to stay relevant, but that's even
more iffy.

Not to mention the fact that the timeline in the rumor
(Thanksgiving) is incredibly tight considering you'd have to get a
design approved, make the engravings, use the engravings to create
plates, and then print a whole buttload of the new bills to be ready
in time to "hit the streets" in November.

When they redesigned the Series 1996 $20's, there was about a 3 1/2
month lag time between when they actually started printing the new
bills, and when they were released for circulation. I don't know how
much lead time they'd need for $1's, but it would have to be at least
that long, since something like half the notes the BEP prints are
ones.

take care,
Scott

We have some real dreamers in here, the only way I ever see the dollar
being excepted as a coin is if some amount of is added back to it, or
a more attractive design is put on it.