If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
How do I approach my currency revamp issues?
Okay,
I didn't really want to post on this issue again. But since people here, were saying my letters to Congress, were too long, I wanted to ask, how do I approach the issues properly? (I'll ask some questions) First: What am I most likely going to get done: 1. Redesign of the half dollar? 2. Redesign of the $2 bill? 3. Issuance of $200 bills? 4. Reissue of the $500 bill? 5. Reissue of the $1,000 bill? 6. Issuance of a $200 bill, and reissue of the $500 bill? 7. Reissue of the $500, and $1,000 bills? 8. Issuance of a $200 bill, and the reissue of the $500 and $1,000 bills? Pros: 1. Redesigned half dollar: May circulate better, if redesigned smaller, lighter, and it possibly working in vending machines. May cause people to realize that half dollars are still minted, and are not rare collectibles, and may cause people to use the 50 cent denomination more regularly, as a redesigned smaller, lighter coin. A widely circulating half dollar coin could save the government money, by cutting quater dollar minting, in half. A smaller half dollar coin would save money on the metals used to mint the coin, as did the smaller $1 coins that were issued after the larger Eisenhower dollar coins. Numismatic items featuring the new half dollar, would gain the government money, from coin and currency collectors. 2. Redesign of the $2 bill: Many people do not think that $2 bills are still being issued, and thus, hoard any $2 bill they come across. A new colorized $2 bill may lead some of these people to spending their $2 bills when they see that the $2 denomination is still being printed, and that $2 bills are not rare collectibles. May help curb counterfeiting even further, with the proper security features added to the $2 bill. A widely circulating $2 bill could help cut the printing costs of the $1 bill in half. A widely circulating $2 bill could help pave the way for the $1 coin replacing the $1 bill, and eventually, the $2 denomination with a coin, as well. Numismatic items feauring the new $2 bill, would gain the government money, from coin and currency collectors. 3. Issuance of $200 bills: May help people deal with inflation better when purchasing large and expensive items. May help speed up transactions. May help the U.S. compete with the Euro, to gain money from people storing U.S. $200 bills, over 200 Euro notes. May help people who want cash loans, instead of checks. Could cut the government's price of printing $100 bills in half. Could also help make change for larger denominations, should there be any denomination over the $200 bill, reissued. May help banks, that still deal with large ammounts of cash, today. May have a good use in Casinos and for other gambling related prizes to be awarded. Numismatic items featuring the new $200 bill, would gain the government money, from coin and currency collectors. 4. Reissue of the $500 bill: May help people deal with inflation better, and even easier to use cash, than the new U.S. $200 bills alone. May help speed up transactions. May help the U.S. compete with the 500 Euro notes, by people storing U.S. $500 bills instead. May further cut back on the U.S. having to print $100, and $200 bills, cutting the government's currency printing costs even further. May help people who want cash loans, instead of checks. May help banks that still deal with large ammounts of cash, today. May have a good use in Casinos and for other gambling related prizes to be awarded. Numismatic items featuring the new $500 bill, would gain the government money, from coin and currency collectors. 5. Reissue of the $1,000 bill: May help people buying even larger and more expensive items (houses, cars, jewelry, appliances, electronics, etc.) by making carrying cash, more convenient. May help speed up transactions. May help people who want cash loans instead of checks. May help the U.S. dollar compete with the Euro even further, being a denomination worth more than a 500 Euro note, and thus prefered even more, as an even more convenient store of wealth. May cut back, alot further, the printing costs of $100, $200, and $500 bills. May help banks that still deal with large ammounts of cash, today. May have a good use in the Casino industry and for other gambling related prizes. Numismatic items featuring the new $1,000 bill, would gain the government money, from coin and currency collectors. Cons: 1. Redesigned half dollar: May be seen by the general public, as a collectible, and hoarded, rather than spent. May not work in some vending machines. May be too easily mistaken for a quarter, nickel, or penny, and thus people would not like it. People may not want to change their habbits, of not spending and accepting halves. Vendors may not want to retool their machines to take new half dollars. May not have a space for halves in some cash regesters. 2. Redesign of the $2 bill: May be seen as a collectible, and hoarded, rather than spent. Is not counterfeited widely enough for the government to want to redesign, add colors, or security features the the $2 denomination. May cause people to confuse bleached $2 bills as fake $5 bills, with real $5 bills, should the $2 and $5 bills's designs and their new security features seem too similar. People just may not want to change their habbits of not spending $2 bills. No place for them in some cash regesters. Vendors may not want to reprogram their machines to take new $2 bills. 3. Issuance of $200 bills: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose more money. May help drug dealers. May help money launderers. May cause more muggings, should people see someone carying one. The government would have to add a few more, and more costly security features to this larger denomination. There are already fake George W. Bush $200 bills, which may cause people to try to spend these fakes, and people who have not seen of heard of these fakes might think that it is the "real" $200 bill, or they might think that the George W. Bush $200 bill IS just plain real currency, and some people who know that the George W. Bush fake $200 bills is fake, and has never heard of the new $200 bill, may regard a real $200 bill as a fake as well, and not accept the real $200 bills. Losing a $200 bill would be a pretty big disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. 4. Reissue of the $500 bill: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose alot more money. May help drug dealers even further. May help money launderers even further. May cause more muggings, should people see someone carying one. The government would have to add a alot more, and more costly security features to this larger denomination. Losing a $500 bill would be a huge disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. 5. Reissue of the $1,000 bill: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose alot more money. May help drug dealers even further. May help money launderers even further. May cause more muggings, should people see someone carying one. The government would have to add a alot more, and more costly security features to this larger denomination. Losing a $1,000 bill would be a major disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. So, next question, and final question: How should I word these issues, if I go after one of them? How do I "shorten" the letters? I'd prefer that, should you suggest I go after the $500 bill, though, that I go after $200 and $1,000 bills, as well, at the same time, while on the subject of large denominations, rather than trying to convince Cogress to go for three seperate large denominations, on three different ocassions. I DID read somewhere once, that a couple decades ago, some guy wrote to Congress on bringing these denominations back, including a $1,000 bill, and there were a few Senators interested in the idea. And I saw the article over a decade ago. So I don't see why I can't propose the same idea with all three large denominations at once, now, but suggest one denomination to be issued at a time, over a course of one denomination per year, over three years (much like the redesigned current currency denominations are being issued, one yearly), to give the Treasury time to design, and to prepare the public with $200 bills, then $500 bills, and finally, $1,000 bills. My main priorities are the $2 bill redesign, and the issuance all three of the large denominations, I propose. That leaves the redesigned half dollar coin, on the back burner. But I'd still like to push for it some day. So, redesigned $2 bill? Or, new $200, $500, and $1,000 bills? |
Ads |
#2
|
|||
|
|||
How do I approach my currency revamp issues?
|
#3
|
|||
|
|||
How do I approach my currency revamp issues?
wrote:
I didn't really want to post on this issue again. But since people here, were saying my letters to Congress, were too long, I wanted to ask, how do I approach the issues properly? (I'll ask some questions) All but one of your justifications begin with the word "may," and the $2 bill paragraph uses the modifiers "may" and "could" twice each. A claim of what the benefits "may" be is useless to a policy maker. At best, you're asking your Congresscritter to weigh possible benefits against certain costs. Not only that, but you don't even hint at any specific political gain for the Congresscritter. Any real attempt to influence policy has to not only address but also refute or minimize the downsides. As written, you let the "cons" have the last word, and as a result the read comes away with the impression you oppose each of these ideas. cynicism The most effective way to influence legislative policy is to convince a legislator that championing your cause will get them relected. The second most effective way to influence legislative policy is to convince them that it will increase their power base. The third most effective way is to convince them that the cause will raise them funds for 1) and 2). Any other approach is an also ran. /cynicism -- Michael Benveniste -- Spam and UCE professionally evaluated for $419. Use this email address only to submit mail for evaluation. |
#4
|
|||
|
|||
How do I approach my currency revamp issues?
"Dave Hinz" wrote in message
3. Issuance of $200 bills? 4. Reissue of the $500 bill? 5. Reissue of the $1,000 bill? We could call 'em US Inflation Dollars, work our way to the 5,000, 100,000, and eventually just stamp the older ones with an extra 3 zeros when things keep going up. Anything making large ones easier is in direct conflict with their motivation. Inflation will have long since taken hold, ie we will be using $100 bills like $5 bills before the BEP does anything about it. While there is more cash circulating now than in the past, as a percentage of the amount of money that exists in various forms, it is actually much lower than before, and most US$ cash circulates outside of the USA, more than 50%. Yes, the Fed did issue large denomination notes until 1969, but that was in an era before electronic transactions, credit cards, instantaneously clearing cheques etc. And at that most large denomination notes ie $5000 and $10000 stayed in banks in the first place, and most people would have never seen anything larger than a $100 bill. The only time I have ever needed to have large amounts of cash were for going on overseas trips to countries where cash was still predominate. In the USA that is not the case. |
#5
|
|||
|
|||
How do I approach my currency revamp issues?
wrote in message
... Okay, I didn't really want to post on this issue again. But since people here, were saying my letters to Congress, were too long, I wanted to ask, how do I approach the issues properly? (I'll ask some questions) First: What am I most likely going to get done: 1. Redesign of the half dollar? 2. Redesign of the $2 bill? 3. Issuance of $200 bills? 4. Reissue of the $500 bill? 5. Reissue of the $1,000 bill? 6. Issuance of a $200 bill, and reissue of the $500 bill? 7. Reissue of the $500, and $1,000 bills? 8. Issuance of a $200 bill, and the reissue of the $500 and $1,000 bills? Pros: 1. Redesigned half dollar: May circulate better, if redesigned smaller, lighter, and it possibly working in vending machines. May cause people to realize that half dollars are still minted, and are not rare collectibles, and may cause people to use the 50 cent denomination more regularly, as a redesigned smaller, lighter coin. A widely circulating half dollar coin could save the government money, by cutting quater dollar minting, in half. A smaller half dollar coin would save money on the metals used to mint the coin, as did the smaller $1 coins that were issued after the larger Eisenhower dollar coins. Numismatic items featuring the new half dollar, would gain the government money, from coin and currency collectors. Whilst trying to come up with some alternative designs for US circulating currency a few years ago, I tried doing a different sized half dollar coin and also a circulating 5 dollar coin. You can see versions of them he http://members.lycos.co.uk/hertfordian/ Would this be more likely to circulate/less likely to be confused with existing coinage? Best regards Hertfordian |
#6
|
|||
|
|||
How do I approach my currency revamp issues?
wrote in message ... Okay, I didn't really want to post on this issue again. But since people here, were saying my letters to Congress, were too long, I wanted to ask, how do I approach the issues properly? (I'll ask some questions) First: What am I most likely going to get done: 1. Redesign of the half dollar? 2. Redesign of the $2 bill? 3. Issuance of $200 bills? 4. Reissue of the $500 bill? 5. Reissue of the $1,000 bill? 6. Issuance of a $200 bill, and reissue of the $500 bill? 7. Reissue of the $500, and $1,000 bills? 8. Issuance of a $200 bill, and the reissue of the $500 and $1,000 bills? Personally, I doubt you're likely to get any of these proposals done. As Dave suggests, your justifications are mostly your own opinions and conjecture. Proposals from large groups of constituants are the ones most likely to get attention. Pros: 1. Redesigned half dollar: May circulate better, if redesigned smaller, lighter, and it possibly working in vending machines. May cause people to realize that half dollars are still minted, and are not rare collectibles, and may cause people to use the 50 cent denomination more regularly, as a redesigned smaller, lighter coin. A widely circulating half dollar coin could save the government money, by cutting quater dollar minting, in half. A smaller half dollar coin would save money on the metals used to mint the coin, as did the smaller $1 coins that were issued after the larger Eisenhower dollar coins. Numismatic items featuring the new half dollar, would gain the government money, from coin and currency collectors. IMO, no coin denomination will be readily accepted by the public unless they receive it routinely in change. It's up to businesses to start the cycle. Otherwise, consumers essentially abandoned the half dollar years ago on their own and there's been no interest in making it available again. 2. Redesign of the $2 bill: Many people do not think that $2 bills are still being issued, and thus, hoard any $2 bill they come across. A new colorized $2 bill may lead some of these people to spending their $2 bills when they see that the $2 denomination is still being printed, and that $2 bills are not rare collectibles. May help curb counterfeiting even further, with the proper security features added to the $2 bill. A widely circulating $2 bill could help cut the printing costs of the $1 bill in half. A widely circulating $2 bill could help pave the way for the $1 coin replacing the $1 bill, and eventually, the $2 denomination with a coin, as well. Numismatic items feauring the new $2 bill, would gain the government money, from coin and currency collectors. The public doesn't use currency denominations based on the design. With your logic, issuing a new colorized $2 bill would encourage even more hoarding. Like the half dollar, if people began to receive $2 bills in change, they might become used to using them more. 3. Issuance of $200 bills: May help people deal with inflation better when purchasing large and expensive items. May help speed up transactions. May help the U.S. compete with the Euro, to gain money from people storing U.S. $200 bills, over 200 Euro notes. May help people who want cash loans, instead of checks. Could cut the government's price of printing $100 bills in half. Could also help make change for larger denominations, should there be any denomination over the $200 bill, reissued. May help banks, that still deal with large ammounts of cash, today. May have a good use in Casinos and for other gambling related prizes to be awarded. Numismatic items featuring the new $200 bill, would gain the government money, from coin and currency collectors. Any bill larger than $100 would not likely have a widespread use in mainstream, grassroots commerce. Although most folks would probably not give a thought to carrying five $20 bills, many of the same people might feel a bit uncomfortable carrying a $100 bill, let alone a $200 or $500. Even $50 bills don't get that much use today. At the register, bills larger than a $20 typically go into a security slot and aren't given out in change. 4. Reissue of the $500 bill: May help people deal with inflation better, and even easier to use cash, than the new U.S. $200 bills alone. May help speed up transactions. May help the U.S. compete with the 500 Euro notes, by people storing U.S. $500 bills instead. May further cut back on the U.S. having to print $100, and $200 bills, cutting the government's currency printing costs even further. May help people who want cash loans, instead of checks. May help banks that still deal with large ammounts of cash, today. May have a good use in Casinos and for other gambling related prizes to be awarded. Numismatic items featuring the new $500 bill, would gain the government money, from coin and currency collectors. Psychologically, wouldn't it be easier to deal with inflation if you paid without using cash? I doubt that handing a clerk a $500 bill would speed up a transaction. I can't envision how a $500 bill would help banks. 5. Reissue of the $1,000 bill: May help people buying even larger and more expensive items (houses, cars, jewelry, appliances, electronics, etc.) by making carrying cash, more convenient. May help speed up transactions. May help people who want cash loans instead of checks. May help the U.S. dollar compete with the Euro even further, being a denomination worth more than a 500 Euro note, and thus prefered even more, as an even more convenient store of wealth. May cut back, alot further, the printing costs of $100, $200, and $500 bills. May help banks that still deal with large ammounts of cash, today. May have a good use in the Casino industry and for other gambling related prizes. Numismatic items featuring the new $1,000 bill, would gain the government money, from coin and currency collectors. You seem to be touting the $1,000 bill as justification not to need the lower denominatiuons you just proposed. Cons: 1. Redesigned half dollar: May be seen by the general public, as a collectible, and hoarded, rather than spent. May not work in some vending machines. May be too easily mistaken for a quarter, nickel, or penny, and thus people would not like it. People may not want to change their habbits, of not spending and accepting halves. Vendors may not want to retool their machines to take new half dollars. May not have a space for halves in some cash regesters. 2. Redesign of the $2 bill: May be seen as a collectible, and hoarded, rather than spent. Is not counterfeited widely enough for the government to want to redesign, add colors, or security features the the $2 denomination. May cause people to confuse bleached $2 bills as fake $5 bills, with real $5 bills, should the $2 and $5 bills's designs and their new security features seem too similar. People just may not want to change their habbits of not spending $2 bills. No place for them in some cash regesters. Vendors may not want to reprogram their machines to take new $2 bills. 3. Issuance of $200 bills: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose more money. May help drug dealers. May help money launderers. May cause more muggings, should people see someone carying one. The government would have to add a few more, and more costly security features to this larger denomination. There are already fake George W. Bush $200 bills, which may cause people to try to spend these fakes, and people who have not seen of heard of these fakes might think that it is the "real" $200 bill, or they might think that the George W. Bush $200 bill IS just plain real currency, and some people who know that the George W. Bush fake $200 bills is fake, and has never heard of the new $200 bill, may regard a real $200 bill as a fake as well, and not accept the real $200 bills. Losing a $200 bill would be a pretty big disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. 4. Reissue of the $500 bill: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose alot more money. May help drug dealers even further. May help money launderers even further. May cause more muggings, should people see someone carying one. The government would have to add a alot more, and more costly security features to this larger denomination. Losing a $500 bill would be a huge disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. 5. Reissue of the $1,000 bill: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose alot more money. May help drug dealers even further. May help money launderers even further. May cause more muggings, should people see someone carying one. The government would have to add a alot more, and more costly security features to this larger denomination. Losing a $1,000 bill would be a major disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. Why would someone be likely to carry such large denominations to pay for a purchase that would result in a significant amount of change? No one will be apt to have $100, $200, or $500 bills handy to make that change. So, next question, and final question: How should I word these issues, if I go after one of them? How do I "shorten" the letters? I'd prefer that, should you suggest I go after the $500 bill, though, that I go after $200 and $1,000 bills, as well, at the same time, while on the subject of large denominations, rather than trying to convince Cogress to go for three seperate large denominations, on three different ocassions. I DID read somewhere once, that a couple decades ago, some guy wrote to Congress on bringing these denominations back, including a $1,000 bill, and there were a few Senators interested in the idea. And I saw the article over a decade ago. So I don't see why I can't propose the same idea with all three large denominations at once, now, but suggest one denomination to be issued at a time, over a course of one denomination per year, over three years (much like the redesigned current currency denominations are being issued, one yearly), to give the Treasury time to design, and to prepare the public with $200 bills, then $500 bills, and finally, $1,000 bills. My main priorities are the $2 bill redesign, and the issuance all three of the large denominations, I propose. That leaves the redesigned half dollar coin, on the back burner. But I'd still like to push for it some day. So, redesigned $2 bill? Or, new $200, $500, and $1,000 bills? If you're so determined, go for what you feel most emotional about. If it's the $2 bill, work on that one by itself. Don't overwhelm anyone who might read your proposals with multiple proposals. If you should somehow be successful with your first efforts, then take the next one in line and start over. Good luck. |
#7
|
|||
|
|||
How do I approach my currency revamp issues?
|
#8
|
|||
|
|||
How do I approach my currency revamp issues?
wrote in message ... Okay, I didn't really want to post on this issue again. But since people here, were saying my letters to Congress, were too long, I wanted to ask, how do I approach the issues properly? (I'll ask some questions) First: What am I most likely going to get done: 1. Redesign of the half dollar? Possible. 2. Redesign of the $2 bill? No chance. 3. Issuance of $200 bills? Less than no chance. 4. Reissue of the $500 bill? Even less chance. 5. Reissue of the $1,000 bill? Even less again. 6. Issuance of a $200 bill, and reissue of the $500 bill? Ditto. 7. Reissue of the $500, and $1,000 bills? Ditto. 8. Issuance of a $200 bill, and the reissue of the $500 and $1,000 bills? Ditto. The reason being that they won't even dump the one cent coin and $1 note both of which are far easier to do than follow your suggestions, and are also zero cost to the government. I fear that the USA will continue to have an outmoded array of circulating coins and notes for a long time to come but I hope I'm wrong, and soon. Billy Pros: 1. Redesigned half dollar: May circulate better, if redesigned smaller, lighter, and it possibly working in vending machines. May cause people to realize that half dollars are still minted, and are not rare collectibles, and may cause people to use the 50 cent denomination more regularly, as a redesigned smaller, lighter coin. A widely circulating half dollar coin could save the government money, by cutting quater dollar minting, in half. A smaller half dollar coin would save money on the metals used to mint the coin, as did the smaller $1 coins that were issued after the larger Eisenhower dollar coins. Numismatic items featuring the new half dollar, would gain the government money, from coin and currency collectors. 2. Redesign of the $2 bill: Many people do not think that $2 bills are still being issued, and thus, hoard any $2 bill they come across. A new colorized $2 bill may lead some of these people to spending their $2 bills when they see that the $2 denomination is still being printed, and that $2 bills are not rare collectibles. May help curb counterfeiting even further, with the proper security features added to the $2 bill. A widely circulating $2 bill could help cut the printing costs of the $1 bill in half. A widely circulating $2 bill could help pave the way for the $1 coin replacing the $1 bill, and eventually, the $2 denomination with a coin, as well. Numismatic items feauring the new $2 bill, would gain the government money, from coin and currency collectors. 3. Issuance of $200 bills: May help people deal with inflation better when purchasing large and expensive items. May help speed up transactions. May help the U.S. compete with the Euro, to gain money from people storing U.S. $200 bills, over 200 Euro notes. May help people who want cash loans, instead of checks. Could cut the government's price of printing $100 bills in half. Could also help make change for larger denominations, should there be any denomination over the $200 bill, reissued. May help banks, that still deal with large ammounts of cash, today. May have a good use in Casinos and for other gambling related prizes to be awarded. Numismatic items featuring the new $200 bill, would gain the government money, from coin and currency collectors. 4. Reissue of the $500 bill: May help people deal with inflation better, and even easier to use cash, than the new U.S. $200 bills alone. May help speed up transactions. May help the U.S. compete with the 500 Euro notes, by people storing U.S. $500 bills instead. May further cut back on the U.S. having to print $100, and $200 bills, cutting the government's currency printing costs even further. May help people who want cash loans, instead of checks. May help banks that still deal with large ammounts of cash, today. May have a good use in Casinos and for other gambling related prizes to be awarded. Numismatic items featuring the new $500 bill, would gain the government money, from coin and currency collectors. 5. Reissue of the $1,000 bill: May help people buying even larger and more expensive items (houses, cars, jewelry, appliances, electronics, etc.) by making carrying cash, more convenient. May help speed up transactions. May help people who want cash loans instead of checks. May help the U.S. dollar compete with the Euro even further, being a denomination worth more than a 500 Euro note, and thus prefered even more, as an even more convenient store of wealth. May cut back, alot further, the printing costs of $100, $200, and $500 bills. May help banks that still deal with large ammounts of cash, today. May have a good use in the Casino industry and for other gambling related prizes. Numismatic items featuring the new $1,000 bill, would gain the government money, from coin and currency collectors. Cons: 1. Redesigned half dollar: May be seen by the general public, as a collectible, and hoarded, rather than spent. May not work in some vending machines. May be too easily mistaken for a quarter, nickel, or penny, and thus people would not like it. People may not want to change their habbits, of not spending and accepting halves. Vendors may not want to retool their machines to take new half dollars. May not have a space for halves in some cash regesters. 2. Redesign of the $2 bill: May be seen as a collectible, and hoarded, rather than spent. Is not counterfeited widely enough for the government to want to redesign, add colors, or security features the the $2 denomination. May cause people to confuse bleached $2 bills as fake $5 bills, with real $5 bills, should the $2 and $5 bills's designs and their new security features seem too similar. People just may not want to change their habbits of not spending $2 bills. No place for them in some cash regesters. Vendors may not want to reprogram their machines to take new $2 bills. 3. Issuance of $200 bills: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose more money. May help drug dealers. May help money launderers. May cause more muggings, should people see someone carying one. The government would have to add a few more, and more costly security features to this larger denomination. There are already fake George W. Bush $200 bills, which may cause people to try to spend these fakes, and people who have not seen of heard of these fakes might think that it is the "real" $200 bill, or they might think that the George W. Bush $200 bill IS just plain real currency, and some people who know that the George W. Bush fake $200 bills is fake, and has never heard of the new $200 bill, may regard a real $200 bill as a fake as well, and not accept the real $200 bills. Losing a $200 bill would be a pretty big disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. 4. Reissue of the $500 bill: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose alot more money. May help drug dealers even further. May help money launderers even further. May cause more muggings, should people see someone carying one. The government would have to add a alot more, and more costly security features to this larger denomination. Losing a $500 bill would be a huge disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. 5. Reissue of the $1,000 bill: May be hard to make change for such a large denomination. May encourage counterfeiting. Would cause anyone caught with a counterfeit, to lose alot more money. May help drug dealers even further. May help money launderers even further. May cause more muggings, should people see someone carying one. The government would have to add a alot more, and more costly security features to this larger denomination. Losing a $1,000 bill would be a major disaster, and may hurt the person's bank account, or savings. Stores may not want to deal with such a large denomination, for fear of getting robbed, or that they may end up with a counterfeit. So, next question, and final question: How should I word these issues, if I go after one of them? How do I "shorten" the letters? I'd prefer that, should you suggest I go after the $500 bill, though, that I go after $200 and $1,000 bills, as well, at the same time, while on the subject of large denominations, rather than trying to convince Cogress to go for three seperate large denominations, on three different ocassions. I DID read somewhere once, that a couple decades ago, some guy wrote to Congress on bringing these denominations back, including a $1,000 bill, and there were a few Senators interested in the idea. And I saw the article over a decade ago. So I don't see why I can't propose the same idea with all three large denominations at once, now, but suggest one denomination to be issued at a time, over a course of one denomination per year, over three years (much like the redesigned current currency denominations are being issued, one yearly), to give the Treasury time to design, and to prepare the public with $200 bills, then $500 bills, and finally, $1,000 bills. My main priorities are the $2 bill redesign, and the issuance all three of the large denominations, I propose. That leaves the redesigned half dollar coin, on the back burner. But I'd still like to push for it some day. So, redesigned $2 bill? Or, new $200, $500, and $1,000 bills? |
#9
|
|||
|
|||
How do I approach my currency revamp issues?
|
#10
|
|||
|
|||
How do I approach my currency revamp issues?
On Thu, 20 Mar 2008 13:34:54 GMT, "Hertfordian"
wrote: Whilst trying to come up with some alternative designs for US circulating currency a few years ago, I tried doing a different sized half dollar coin and also a circulating 5 dollar coin. You can see versions of them he http://members.lycos.co.uk/hertfordian/ Neat designs. I don't like face-on designs for coins. They never look good in real life (too flat). Would this be more likely to circulate/less likely to be confused with existing coinage? We see enough codgers in this NG complaining about the excessive weight of dollar coins and their similarity in size to quarters (even though there is a marginal difference in weight as compared with face value, *and* there is more a difference between those two than the size difference between the quarter and nickel) that there will undoubtedly be complaints of some sort. Probably these same codgers will begin complaining that the new 50c coins are too easy to confuse with the old 3d pieces and the new $5 are too much like the old Jamaican dollar coin and will therefore refuse to use them. *Perhaps* if you made the coins in purple anodised titanium, you might not get so many complaints! But then, they'd just complain that the purple colour is too dark! Cheers, Padraic Best regards Hertfordian -- Posted via a free Usenet account from http://www.teranews.com |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Uganda issues new currency | stonej | Paper Money | 0 | May 25th 05 09:00 PM |
Romania issues new coins and currency | stonej | Coins | 10 | April 25th 05 10:01 PM |