i work cash register at my job. (i have no life)

$1 bills have many problems.

1.) they dont last long and when worn they are just painful to handle in large quanities.
2.) they tend to stick to each other. this makes it way much tougher to count. coins are easy.
3.) to me, handing a small stack of coins is much easier than having to unfold a stack of bills.
4.) bills can be very tough to distinguish from each other without sight. coins all have distinct textures and masses and sizes.
5.) people i ask actually find the coin much more compact and durable than a bill. (bills tend to really take up space when jammed somewhere than a coin will

Yes the $1 coin is very distinguishable from a quarter in your pocket.

pennies (FTW)
no dimes or nickles ever.
quarters (rarely)
half dollars
$1 coins
$2 bills (by the dozen)
rarely $5 bills
$10 bills .
yes, my bank hates me for bulk ordering pennies $.5′s and $2 s

i agree with a $200 bill BUT NO LARGER

i dont mind coins at all.

We SHOULD get rid of the quarter, and replace it with a 20 cent coin, so that we can also get rid of pennies and nickels, and round up and down to the nearest dime. You have the chance of losing or gaining up to 4 cents in every transaction you make. And REMEMBER NOT all items are rounded off. Items in stores would STILL be priced to the cent, but you FINAL TOTAL will be rounded to the nearest dime. Nickels and pennies BOTH cost TOO MUCH money to make anymore. And NO, stores will NOT always round “up”. They would be mandated by law to round to the nearest, highest or lowest percentage to the dime.

Then maybe we could set our coin slots in our cash drawers 10c, 20c, 50c, $1, and $2. And maybe even thinking of a space for a $5 coin could be worked out in newer, modified till drawers. And as I said, bills should be $10, $20, $50, $100, $200/$500, and since $1,000 bills would be the highest denomination, and thus, no reason to hand them back out into circulation, put them under the till, or in a safe. You could still give out $50, $100, $200, and $500 bills as change for $1,000 bills, and $50, $100, and $200 bills out as change for $500 bills, and so on. There should also be a policy put in place at stores that would be dealing with large denomination FRNs. “WE GIVE OUT NO MORE CHANGE THAN $200 FOR ANY PURCHASE MADE WITH A $500 OR $1,000 BILL. STORE POLICY” But some stores such as lumber yards, electronics and appliance stores, jewelry stores in the like, should still be able to make chane for $1,000 bills with a $500 bill and more smaller bills as needed.

Coins: .01 .05 .10 .25 $1 $2
Bills: 2 5 10 20 50 100 200 500

Adam

But what about reissued $500 bills keeping President William McKinley on the front, and the old oval with large numeral 500 on the back, and new $1,000 bills keeping President Grover Cleveland on the front, and the text “The United States of America” and “One Thousand Dollars” on the back, but a modernized version of the obverse and reverse of these images.

And how about a President Theodore Roosevelt $200 bill, with Mount Rushmore on the reverse? After all, Teddy is the only president on Mount Rushmore, who is not on a coin or currency denomination. (Washington has the $1 bill, and quarter, Jefferson has the $2 bill and nickel, and Lincoln has the $5 bill and penny) And hey, if people still want pennies, even if they’re not worth it, since some Euro countries have 2 cent coins, lets reissue our 2 cent coin and give Teddy that denomination as well. Even though I doubt a 2 cent coin would circulate well.

With the Penny eliminated Lincoln would go on the new $2 coin (CuNi (silver)ring with Mn (Gold)center). Whatever on the back.

The $5 bill could then be replaced with a $5 (half eagle) coin (Mn ring, CuNi center) with Reagan on it. An Eagle in profile in flight of the sun showing only half of the Eagle on the back.

That means the coins would go:

$0.05 Jefferson
$0.10 Roosevelt
$0.25 Washington
$0.50 Kennedy
$1.00 Sacagewea? (maybe another image/pres by then)
$2.00 Lincoln
$5.00 Reagan

3 “claimed” Democrats, 2 Republicans and Washington being for everyone.

If an Eagle ($10) or Double Eagle ($20) are needed eventually then the Eagle can be CuNi with raised features in Mn and the reverse for the Double Eagle, those 2 being in the size range of the current half dollar. The Eagle would have an eagle in flight shown, with 2 eagles on the Double Eagle.

Check it out http://www.portsou.com

You should check it out http://www.portsou.com

Go $1

I’d agree with you except for one small thing:

We are not applying ANY of the anti-counterfeiting technology to the one dollar bill.

We are not because, of course, it would be extremely prohibitive to try and launder a sufficient number of $1 bills to make it worth anyone’s while.

So, while I agree that a $100 coin would be foolish, this argument holds no water with the $1 bill.

Adam

I read a lot on the new money, because it interests me, and I, too, support eliminating the U.S. $1, $2, and even $5 bills for coins, but I’m really getting tired of seeing this retarded “stripper issue” everywhere there is talk about getting rid of the $1 bill. That is NO reason to keep the $1 bills around. If you’re that perverted, give the strippers $2 bills until they are gone, then give them $5 bills until they are gone, and after that, either toss them a few coins of your choice of denomination, or don’t be a cheapskate, and start tossing them $10 bills, as I suspect that $10 bills will be around for a long time to come, even after a $5 coin is introduced.

Also, as I said, its time to bring back the U.S. $500 and $1,000 bills, and add a $200 bill. And redesign, and push to circulate a new, smaller, copper colored reeded edge (like the quarter) half dollar coin, and possibly thicker than all other U.S. other coins.

With inflation, we could use new $200, $500, and $1,000 bills and it would also save the government money on printing les $100 bills, of which the demand of $100 bills is steadily rising, and also $1,000 bills to help cut back on printing $500 and $200 bills. And my mom and dad both went through credit card fraud/identity theft, and a person I talked to, told me to argue with congress that, the government spends about $500 million dollars on combating credit card fraud, every year, and could cut down on the problem, if some people decide to start using these new larger denomination bills, over credit cards, like they did in the past. This could also speed up the time you take in a line at a store. I can’t tell you how many times I’ve been in a store, in a long line, then I finally get to one last person being ahead of me, who whips out their credit card, and the damn machine goes haywire on them, and I’m stuck for an additional 20 minutes-half hour, when this guy could have just pulled out his $200, $500, $1,000 bill, whatever he needed. And my mom also said that, grocery stores are raise prices, 50 cents to $1, at a time, so I know there would be use for up to a $1,000 denomination in the retail sector these days, not to mention gas prices as well.

And the new half dollar, if redesigned to be smaller, and circulated widely, will also save the government more money, in two ways: 1: Less metal to use on the smaller coin. And, 2: The government can mint less quarters.

And on the odd side of things, if the $1 and $2 bills were eliminated, and they had no intention to replace the $5 bill with a coin any time soon, and with an empty bill slot available in cash registers, what would you think of them resurrecting the plan that the Treasury orginally had, to print a $3 bill? Yep, thats right, folks. When the U.S. Treasury first started issuing its currency, there were plans to print a $3 bill, an actual $3 Federal Reserve note (or United States note, or whatever they had back when the Treasury first issued our official currency) that somehow got dropped. I wish they would have followed through with that idea, because I’d love to be spending a mix of halves, $1 coins, $2 bills and $3 bills, and confusing people. LoL Anyway, at least if they issued a $3 bill, and if they replaced the $1 and $2 bills with coins, you’d still only have to carry a minimum of one $1 coin, or one $2 coin.They could just keep the $3 bill around for a lot of years, along with the $5 bill and up, seeing as, $3s might last about as long as $5s.

Given that the other major currencies have already bit this bullet, I think the real reason we haven’t moved is because of the mental accounting of the issue.

If they removed bills, and then proposed a bill that would cost $500M per year to re-instate bills, I doubt it would get full support.

Why not go with the proposal I suggested – we keep bills, but charge more than $1 dollar for them at the bank? High end services and individuals could decide to pay the “tax”, and keep their bills. We get a revenue-neutral solution, and we place the cost burden on those who really, really love bills.

Who knows, we can even introduce a “half-dollar” bill to really cater to bill lovers!

Adam

People might think twice about getting a receptacle for there change too when they begin losing dollars into the cracks of their sofas and car seats instead of just “loose change” as before. I really don’t think it’s that far off.

Listen, I agree that we should switch, but it’s not all roses. The government has tried to push this a few times and failed miserably. Why? Because we Americans don’t like spending and carrying around coins. We’d much rather toss a $5 bill for a coffee then have to think, root around in a pile of change and give the vendor the correct change. Plus it takes time. We all know that old timer who clogs up the supermarket line when all you want is to pay for your six-pack and get the hell out of there. Maybe it’s more efficient to focus on reducing the number of bills by pushing swipe cards.

It’s interesting b/c I really feel like the $1 coin is the tipping point from a bill based system to a coin based system. I myself don’t mind it but others just don’t go for it.

The change argument is fairly bogus. The change for a $2.95 Starbucks would be 2 coins – a $2 and a nickel. You don’t need a purse to carry that, although you are more than welcome to use one.

I think it’s obvious that few people would support a tax increase to cover the cost of producing bills. However, maybe we can arrange a system where $1 Bills are still available for a surcharge at the bank, for people like yourself who need them.

For you guys out there, if we switch over to the $1 and $2 coins get ready to start carrying around a man-purse and a men’s european carry like they have do here in France. Those coins are heavy and you’ll be carrying them around with you everywhere. Plus, the $1 coins is really going to foul up strip club dynamics? Will we have to drop a $5 bill minimum for a stage dance or will we start throwing coinage at the dancers? All the sudden the cost of “making it rain” went up dramatically.

Let those that want to use the dollar bill keep all they want and use till their heart content and when they find they are all gone and the rest of the world is using dollar coins then they can join the world and use the dollar coin or just pay with credit card.

Cost is king and we can not afford to subsidize those personal non cost efficient desires. Think pork barrel spending!

Enough is enough for those that think every little thing they want in life will be presented to them . Welcome to the world of real life where you pay for life. Unless of course you are a politician, celebrity or other fortunate that does not have to work for a living.

Sorry, no half cent pieces either……….they are gone as well.

What we need worry about, as much as worrying about $1 coins replacing $1 bills though is, new $200, $500, and $1,000 bills. Inflation has made a $500 bill worth, about what a $100 bill was worth in 1969, when the $500, $1,000, $5,000 and $10,000 bills were discontinued. Though the U.S. has never had a $200 bill, I suggest this denomination, as well as new $500 bills to also compete with the Euro. There are 200 and 500 Euro notes, and since the 500 Euro note sometimes exceeds $500 USD, I believe that the $1,000 bill should be reissued to further compete with the Euro, since the U.S. benefits from other countries using and storing U.S. currency over the Euro, and people in the Euro contries are starting to store 200 and 500 Euro notes over U.S. $100 bills because these larger denominations are more conveinient, so I think the U.S. government should forget about the drug war that they’re never going to win, and issue new $200, $500, and $1,000 bills by 2010.