Artists concept for new designs on bills

And that was the big problem with the Susan B. Anthony dollar coin. They were made considerably smaller than Eisenhower dollars to save on costs and production effort while at the same time they were very easy to get mixed up with a quarter.

I remember back in about 1999 before the somewhat improved golden dollars came out. I had an SBA along with other coins in my pocket. I put the coin into a vending machine thinking it was a quarter. Well, the machine kept my dollar and gave me no credit!

 

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Pretty good variety of comments here.

 

I like it except would rather see green color instead of aqua.

 

When I was in charge of a post office we had a stamp machine in the building. In order to get people to use dollar coins a bill was passed at the federal level requiring that stamp machines both accept and dispense dollar coins.

Anyone care to guess what happened? I'll tell you. In my office and all across the nation, the cost of converting those machines to accept and dispense the dollar coins was over $5000 a machine.

Nine banks in the small city where my office was located. Not a single bank was interested in the dollar coins. Ordering, storing and counting them was out of the question. As a result, the post office had my machine and many more across the nation removed from service.

To this day I am convinced that those dollar coins are still in storage in some government warehouse.

 

Yeah, we can use them as an expensive
tooth pic....LOL

 

It sure did not hurt the Canadian economy when they switched to dollar and two dollar coins (and did away with the cent). We Americans just seem to be very stubborn people. Oh the horror of change! ...no pun intended.

 

I've read that the copper industry lobbies Congress to continue buying copper to produce cents. If that's true (wouldn't surprise me) then it's not stubbornness but greed rather.

 

Then we wouldnt have this.....
there goes my vacation...LOL

 

I cashed mine in years ago. Well over $100 when I did.

 

Did you even read what I said in post #14? Doesn't look like it. Comparing Canada to the U.S. is like comparing a cherry tomato to a great big orange given the difference in population. I do agree about getting rid of the cent, however.

It'd be more like the zinc industry; however, every now and then senators from Arizona attempt to introduce their very pro dollar coin amendments due to the copper mining industry in the state. This is rather unethical and self-serving as even the Government Accountability Office (GAO) has conducted extensive research about replacing dollar bills with dollar coins.

The GAO has come to the conclusion, as have other entities, that dollar coins are a bust in the long run. This is due in part considering the staggering number of coins that would need to be produced and that in the long run it is considerably more economical to keep dollar bills in circulation.

 

Cents contain only a trivial amount of copper at this point (2.5%). We use a lot more in nickels, dimes, and quarters (75% in nickels, just under 92% in dimes and quarters).

 

it's not that they are counterfeited; more likely WASHED out and then used for
counterfeiting HIGHER denomination notes. REMEMBER trying to "duplicate"
real currency paper is "difficult". So just bleach out the $1 and print your own
$10 or $20 and be done with it , just be ready for the consequences when you get caught.
Disclosure: as with any online "information" please don't try this at home.

 

If that is a glass container be careful when you try and lift it. I had two of them crack around the bottom, and the bottom fell off when lifted. Tiny pieces of glass among the coins. No fun.

 

Yes I read your post #14! But that does not change my mind that I would rather have $1 and $2 coins rather than paper money.

 

Maybe in the 1980's this was popular to do but $1 notes lack an embedded strip and watermark that is found in present-day currency. The truth of the matter is most counterfeiters are lazy and are content to use the paper in their inkjet printers. From there they can be easily sprayed with chemical compounds that throw off counterfeit detection pens.

For counterfeiters who are not quite so lazy, $5 notes of Series 1999 - 2006 were the preferred denomination to bleach and try to pass off as a higher denomination as these contained similarly-placed security features as Series 1996 notes. The problem of $5 note bleaching was so prolific that the government made it a priority to modify the denomination's security features to make them distinct from $100 notes.

Well you're more than welcome to ask for and use as many dollar coins as you'd like from your local bank. I have a teller at a bank who offers me dollar coins whenever I go in. I'm not a big fan of them but I take them off her hands and use them around town or deposit them elsewhere if she has a lot to let go of.

 

What does buying copper have to do with producing cents?
It's been almost 40 years since they made copper cents. The copper plating on the zinc cents can't amount to much compared to producing billions of 95% copper cents.
The dimes, quarters, halves and dollar coins all use mostly copper.
Have seen the new Canadian currency. I doubt that a society that can't embrace a dollar coin, is going to prefer this synthetic over paper money.

 

In addition to the above post about "washing" the bills, 900 Million counterfeit $1 bills were recently confiscated by the US Gov't.

 

Interest concept - I'm not sure of the context, but it appears to be an art and graphic design site.

Replacing Andrew Jackson with Kennedy and the Moon Landing on the $20 is definitely an interesting idea. The photorealism is also pretty appealing. They would make for very nice looking bills.

I'm guessing they would have polymer construction. If so, the argument that coins would save more money than bills in the long run becomes far less compelling, because polymer has a much longer life. But I wonder if the US Bureau of Printing and Engraving would ever want to move away from the current paper bills? I've heard that some politics and agreements between a few organizations may keep that going. I know nothing beyond rumors and speculation, though.

 

Yeah, who does?

 

I believe if you were to see the size difference between these notes (900 thousand counterfeit 1's) and actual dollar bills, the ridiculous difference in size it is obvious that these are not counterfeit bills at all.
This was mentioned in another thread, I will look for a link.
I think it was $900,000. As 900 million dollar bills is almost 2 million pounds in weight.

Here is a 100 with the same Chinese letters as the $1 bills:
https://www.cointalk.com/threads/us-100-training-note.354823/

And here is another thread on the $900,000 confiscated:
https://www.cointalk.com/threads/customs-police-seize-900-000-in-counterfeit-money-—-all-in-1-bills.354289/page-2