You people and your f%#@*&^ plastic. William McKinley, GroverCleveland, James Madison, and Salmon P. Chase, where are you when we needyou?!

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Bruce Remick wrote:
"note.boy" wrote in message
...

"Bruce Remick" wrote in message
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"Peter" wrote in message
...
On Oct 18, 8:11 pm, "Bruce Remick" wrote:

If you can document a significant public demand for a return to
large denomination bills, write your representative if you feel
so strongly about
it.

Almost any bank in Europe will freely distribute banknotes up to
500 Euros. I suspect that this property is one that helps make
Euros more valuable than dollars just now. Note that Europe's
problems with counterfeits are significant and most shops will
not accept anything over 100, and many are reluctant to take
anything over 50. \______________

I read here that there have been some concern in Great Britain
with counterfeiting of popular UK £1 coins. We have inadvertantly
avoided that problem here in the US by producing dollar coins that
don't circulate.


There are many millions of counterfeit £1 coins in circulation in
the UK but I seldom spot one so they are either very good fakes or
the % of them is too low to make getting one a regular occurrence.

How about the £2 coins? I presume they are being counterfeited,
too.

Having those fakes in circulation is still better than printing
many millions of £1 notes each year at enormous cost.

If there is an occasional need to print £1 notes it is probably
because they still are being used and are wearing out. When there
is no need for new ones, the public apparently will have totally
accepted the coin-- legal and/or counterfeit. Maybe the government
could save even more money by eliminating £1 coin production
altogether and letting the counterfeiters bear all the cost.


The Royal Bank of Scotland has not printed £1 notes for several
years as they still have a few million unissued from the last print
run, they will probably never print £1 notes again, I'm looking out
for notes of the last ever prefix but it may be years before they
are released into circulation. Billy

Sounds a lot like our $2 notes.

There are those who would say that even the government-issued coins
are counterfeits, inasmuch as they are backed by nothing other than
the government's good name and reputation.

James the Libertarian

It does make some sort of perverse sense then to let willing
counterfeiters incur all the cost of making coins, especially the
large denominations. Like you point out, they aren't backed by
anything (the coins) either way. Error collectors would be in hog
heaven.

Somehow even my threadbare notions of morality have a problem with that.
Even though it's pure fantasy on my part, I still like to think that a
copper-plated Zincoln cent can trace its ancestry back to the guys that
made the '93 chain AMERI.


A mom & pop operation there, to be sure.

"Bruce Remick" wrote in message
...

"note.boy" wrote in message
...

"Bruce Remick" wrote in message
...

"Peter" wrote in message
...
On Oct 18, 8:11 pm, "Bruce Remick" wrote:

If you can document a significant public demand for a return to large
denomination bills, write your representative if you feel so strongly
about
it.

Almost any bank in Europe will freely distribute banknotes up to 500
Euros. I suspect that this property is one that helps make Euros more
valuable than dollars just now. Note that Europe's problems with
counterfeits are significant and most shops will not accept anything
over 100, and many are reluctant to take anything over 50.
\______________

I read here that there have been some concern in Great Britain with
counterfeiting of popular UK £1 coins. We have inadvertantly avoided
that problem here in the US by producing dollar coins that don't
circulate.


There are many millions of counterfeit £1 coins in circulation in the UK
but I seldom spot one so they are either very good fakes or the % of them
is too low to make getting one a regular occurrence.

How about the £2 coins? I presume they are being counterfeited, too.



£2 coins will be counterfeited but on a small scale compared to the £1 coin.

Having those fakes in circulation is still better than printing many
millions of £1 notes each year at enormous cost.

If there is an occasional need to print £1 notes it is probably because
they still are being used and are wearing out. When there is no need for
new ones, the public apparently will have totally accepted the coin--
legal and/or counterfeit. Maybe the government could save even more money
by eliminating £1 coin production altogether and letting the
counterfeiters bear all the cost.


A great idea.

The Royal Bank of Scotland has not printed £1 notes for several years as
they still have a few million unissued from the last print run, they will
probably never print £1 notes again, I'm looking out for notes of the
last ever prefix but it may be years before they are released into
circulation. Billy

Sounds a lot like our $2 notes.



My branch of the Royal says that they seldom have brand new £1 notes as the
shops seldom ask for them.

"Bruce Remick" wrote in message
...

It does make some sort of perverse sense then to let willing
counterfeiters incur all the cost of making coins, especially the large
denominations. Like you point out, they aren't backed by anything (the
coins) either way. Error collectors would be in hog heaven.

They do already. They're called The Fed ;-)

On Oct 18, 11:41�pm, "Bruce Remick" wrote:

major snippage for brevity

Now I see that President Obama believes that govt employees and
SS retirees should receive another $250 stimulus to compensate for
the fact that no COL raise will be necessary in 2010. �

We are and he does? Okay, no political rant. Just that I didn't hear
we fed retirees (military in my case) were going to get a "stimulus
check." Makes me wonder if it'll be taxible like the "cash for
clunkers" rebate.

Jerry

"Jerry Dennis" wrote in message
...
On Oct 18, 11:41?pm, "Bruce Remick" wrote:

major snippage for brevity

Now I see that President Obama believes that govt employees and
SS retirees should receive another $250 stimulus to compensate for
the fact that no COL raise will be necessary in 2010. ?

We are and he does? Okay, no political rant. Just that I didn't hear
we fed retirees (military in my case) were going to get a "stimulus
check." Makes me wonder if it'll be taxible like the "cash for
clunkers" rebate.
___________

I don't think any of the previous stimulus rebates were taxable. The
proposal isn't finalized yet by any means, so who knows if it will survive,
and if it does, in what form. Many have suggested that the estimated 13
billion or so would better serve the unemployed who would be more inclined
to spend it rather than stick it in the bank. Regardless, it still seems
like political "pandering" to many on both sides of the aisle.