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#11
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"Real" Money
"note.boy" wrote in message ... "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message ... "note.boy" wrote in message ... wrote in message ups.com... "Real" money, meaning that the value of the coin is in the metal, is gone now. Was the USA the last country to coin real money? If not, which country carried on coinage after LBJ eliminated silver coinage? BTW, I do not count legal tender coins like the US $50 gold coin, as it is not expected to be circulated as a Kennedy half dollar was. GFH I would not be surprised if the USA was the last country to coin "real" money as they have the most backward coin and papermoney on the planet. So, you've rigorously examined the coin and papermoney of all nations on the planet and come to this conclusion, eh? Mr. Jaggers Prove me wrong by naming a non third world country that has a more backward coin and papermoney set up. Oh, I see, now that I've called your bluff, you change the parameters. Clever move. Mr. J. |
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#12
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"Real" Money
On Jan 27, 4:22 pm, "note.boy" wrote: "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in ... Mr. JaggersProve me wrong by naming a non third world country that has a more backward coin and papermoney set up. Who else has ridiculously low face value coins and papermoney in circulation similar to the one cent coin and the one dollar note? The UK got rid of the 1/2p coin (roughly equal to the one cent coin) in 1984 and last issued the ten bob note (roughly equal to the one dollar note) in 1967. The USA is 23 and 40 years behind the UK. The attractiveness of current USA papermoney from a collecting point of view is a million miles behind Scottish notes. We have very attractive issues in a variety of designs/colours and sizes from three different banks that change fairly regularly. I agree with all of these points, but the USA (except for gold coins minted prior to 1933) has never demonitized any of its currency. It is all still good! The USA is understandably reluctant to break this policy. How to introduce the US $ 1.- coin without demontizing the US$ 1.- bill. That is the problem no one has solved. Can you? GFH |
#13
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"Real" Money
"note.boy" wrote in message ... I would not be surprised if the USA was the last country to coin "real" money as they have the most backward coin and papermoney on the planet. ... Why are all the notes the one colour and size regardless of denomination as this must make the sorting of notes difficult. Why do the notes have little in the way of security features which makes forgery easier. As the congresscritters for the answer. Billy Tend to agree, Billy. Judging by the responses over the years, in this NG, to the proposal that the 1¢ be dropped, I'd suggest that our US cousins would tend to be a little more conservative (read "ornery", "stubborn"...) than most of the rest of the globe, particularly in terms of "fixing something what ain't broke!" The degree of being "broke", of course, is debatable. (As is the relative virtue of this character trait.) I'm guessing here, but maybe too many 'Merkins have fond memories (anecdotes, stories) of "what Granpaw did with that penny" (etc. etc.) for them to allow that tangible piece of history to be summarily eliminated. (And rounding will result in runaway inflation for decades to come.) To give them their credit, they are making a half-hearted, and wishy-washy attempt to introduce some colour (sorry: "color") into their notes. Too little, too late, too slow. I kinda like the vignettes on some of their notes, 'though: The spooky pyramid and eye on the $1, the founding fathers on the $2. The architecture lessons on the others get a bit dull. Making them all the same size has got be a bit silly. Still - if it ain't broke... -- Jeff R. (from the land of kaleidoscopic plastic banknote) |
#14
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"Real" Money
"note.boy" wrote in message ... Why are all the notes the one colour and size regardless of denomination as this must make the sorting of notes difficult. Almost forgot... Oh! for the good old days of the *magnificent* silver certificates: http://upload.wikimedia.org/wikipedi...llars_1896.jpg Sigghhhhhh -- Jeff R. |
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"Real" Money
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#16
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"Real" Money
wrote in message ps.com... I agree with all of these points, but the USA (except for gold coins minted prior to 1933) has never demonitized any of its currency. It is all still good! The USA is understandably reluctant to break this policy. How to introduce the US $ 1.- coin without demontizing the US$ 1.- bill. That is the problem no one has solved. Can you? GFH Just stop printing them. They wear out pretty fast. Before long they'll be effectively out of circulation and will represent just an occasional nuisance at the register. Witness the "found in change" threads. Hehe. They'll start a whole new round of "this dopey young store clerk refused to take my $1 notes - called the manager... (etc.)" threads. After a few years everyone will wonder what the fuss was about. Here in Australia, the complete changeover was measured in months, not years. I'm still gobsmacked at how quickly the paper $1 and $2 disappeared. -- Jeff R. |
#17
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"Real" Money
Boy, some of you guys are real money snobs. The U.S. bills and coins
are primarily here to serve the purpose of commerce, and they work pretty well. So what if a lot of them aren't worthy of framing. That's only a secondary consideration. The attractiveness of current USA papermoney from a collecting point of view is a million miles behind Scottish notes. We have very attractive issues in a variety of designs/colours and sizes from three different banks that change fairly regularly. |
#18
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"Real" Money
"kathy1945" wrote in message oups.com... Boy, some of you guys are real money snobs. The U.S. bills and coins are primarily here to serve the purpose of commerce, and they work pretty well. So what if a lot of them aren't worthy of framing. That's only a secondary consideration. So why are the Feds "colorizing" the new issues? If it ain't broke? -- Jeff R. (Real Money Snob) (sees no harm in the admiration of beauty) |
#19
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"Real" Money
On Sun, 28 Jan 2007 12:20:45 +1100, Jeff R. wrote:
"kathy1945" wrote in message oups.com... Boy, some of you guys are real money snobs. The U.S. bills and coins are primarily here to serve the purpose of commerce, and they work pretty well. So what if a lot of them aren't worthy of framing. That's only a secondary consideration. So why are the Feds "colorizing" the new issues? If it ain't broke? Stated purpose is to make them more visually distinguished from the other; the redesign in general is to add anti-counterfieting features. Or was that a rhetorical question? |
#20
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"Real" Money
"Dave Hinz" wrote in message ... On Sun, 28 Jan 2007 12:20:45 +1100, Jeff R. wrote: "kathy1945" wrote in message oups.com... Boy, some of you guys are real money snobs. The U.S. bills and coins are primarily here to serve the purpose of commerce, and they work pretty well. So what if a lot of them aren't worthy of framing. That's only a secondary consideration. So why are the Feds "colorizing" the new issues? If it ain't broke? Stated purpose is to make them more visually distinguished from the other; the redesign in general is to add anti-counterfieting features. Or was that a rhetorical question? Way, w-a-a-ay rhetorical. Sorry - couldn't conjure an appropriate smiley. -- Jeff R. |
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