Your opinions, please. With the average lifespan of a $1 note being 18 months, and the possibility of the $1 note being eliminated, would holding straps of fresh, sequentially serial numbered, series 2006 notes be a worthwhile investment? Thanks for your replies.
I don't know but are they redesigning the $1 bill or something? That's the only reason why I click this thread lol.
No, there are no plans to redesign the $1 or $2 notes. But I wish there was. The Series 2009 $1 bills are already out, and have been for a while and are the same design as the Series 2006. There is also an order of Series 2009 $2 notes planned for fiscal year 2012, and I doubt they will be redesigned either, seeing as there was no announcment or unveiling of a new design $2 note. That and the Bureau of Engraving & Printing's words "There are no plans to redesign the $2 note". My reason for checking this thread too. I was hoping it would say that they are finally changing their minds about not redesigning the $1 (and $2) notes. Just a little mention. I really wish the Treasury would redesign the $1 and $2 notes for us collectors to have a little more eye candy, but all they keep telling me , is that they do not redesign the currency for aesthetic reasons and only for anti-counterfeitinbg features, and the $1 and $2 are not counterfeited enough. But I do not see a reason not to update the designs at least, if not add a few security features, other than it hurting small businesses and the vending industry a bit, but as I've said, I've head of no problem of these retailers updating for the new $5 notes and they are seen about as common as $1 notes, so why not redesign the $1 and the $2 might actually get more attention if redesigned. And the thing is, the $1 note WAS in the original plans for the first currency redesign, and the $2 note was kind of not totally decided, but I later in the 1990s wrote to the Treasury "Is the $2 note going to be redesigned like the other denominations?" and my response from the BEP was "The $2 note will be redesigned" That was all that they put in my letter. What in the heck could have made them change their minds?
All of the government's focus right now is on the new $100 bill. Only once the printing issues have been resolved and the notes are finally released (which may not be until 2013 now) will they look into redesigning another denomination. I suspect they will focus on the $20 bill next as the current design has been out since 2003 and would only bother redesigning the $1 or $2 bill with a Congressional mandate. To answer the OPs question, unless you have straps of $1 C-G notes or some low print run star straps, I wouldn't bother holding entire Series 2006 straps for investment purposes.
2013?! You gotta be kidding me? 2012 should be plenty of time to get the new $100 notes out. If they wait until 2013, they might as well scrap the new $100 notes they are currently working on, and begin to draw up the next "Future-Gen" $100 notes with security features for the blind, seeing as, the government redesigns the currency every 7-10 years. 2003-2013 marks 10 years since the start of the NexGen colorized design. So, unless they plan on redesigning the $100 bill for the third time, as the last denomination, the idea for the current redesigned $100 they are working on, should be scrapped. I kinda suspect this as well, seeing as the $20 is the most counterfeited note within the U.S. (The $100 being the most counterfeited outside the U.S.) Why don't we try starting with the $50 this toime around, just for the heck of it? I agree. Thats why I've been writing to Congress for over 10 years over redesigning the $2 note, and I really should start writing about a $1 note redesign as well. And then there's the $200, $500 and $1,000 note issue. I'll bet they'd have no problem wanting to redesign THOSE three denominations regularly.
So interesting. I had no idea about the Series 2009 $2's!! I thought '03A was going to be the last for a while! Where the heck do you learn these kinds of things?
I wonder if the liberty bell paint on the new $100 is falling off or washing off to easily? Are they trying to implement RFID? Are they waiting for this administration who is **** bent on destroying the US dollar to destroy to US dollar? Hey maybe they are waiting for the word to switch from the fraudulent Federal Reserve Notes to U.S. Notes? I doubt anything post 1990's will be worth any real money for a while, and you would think the last issue would be the most valued, but when the word gets out every Tom, Dick, and Harry will horde everything in circulation. The last couple of straps searches I did had more 2006's then any other series.
I can tell you're excited. I'm excited too. I read the MAIN public forum on Where's George?.com There is a guy, goes by the name of Excelsior, who gets and breaks down the monthy BEP reports of what denominations for which districts are printed. I find it VERY interesting. In fact, the September BEP report should be posted on WG pretty soon as we are nearing the middle of the month, and the middle to two thirds of the current month going by usually is when the BEP releases the reports for the previous month. Give it a try.
LOOOOOOOOL , I don't think most people know this but Excelsior on there is Numbers on here. I have been reading his posts for years on that forum and have learned alot about currency from doing so. I came up with 2013 btw because the government continues to print a miniscule amount of the new hundreds every month and haven't been anywhere close to printing the stockpiles which are required to release a new design for circulation.
This document on the Federal Reserve website. Specifically, footnote c to table 2 says that $2's are included in the print order for fiscal year 2012, which runs October 2011 to September 2012. I do have a habit of inventing a new username for every site, yes.... Didn't mean to confuse anyone! The Federal Reserve has said that they'll give us six months' notice before they release the Kodachrome $100's. They haven't done that yet, so we're looking at April 2012 at the earliest.... But given how slowly the BEP's been printing these notes recently, I agree with you: they won't be ready nearly that soon.
Well, if the world ends in 2012 a re-design will be the least of our concerns.. maybe the government is figuring on that and is in no hurry to even fix the new 100's issues...:devil:
They must know something we don't but they don't want to say anything...:foot-mouth: BTW, the world is not ending in 2012. Don't you watch the history channel these days? On updated shows, they discovered that they miscalculated the Mayan calanadar for approximately 50 years. So count on seeing your Series 2009 colorized hundreds as long as the BEP doesn't continue at its currency printing rate lol. It was also on Yahoo! News homepage which I find to be another credable source of info.
That's strange I thought they announced that if they didn't rid of the $1 FRN (which they've been trying to do for how long now and failed everytime), they would discontinue the $2 FRN for a while? And if they did discontinue the $1 FRN, they would increase production of dollar coins and $2's. Thats what I heard from a good known source of mine, but I have't actually seen the official statement of that iself. Anybody know anything about it?
Where did you hear this? All I ever hear is that, when the $2 supply is low, they print a few more and that $2s account for less than 1% of all U.S. currency denomination printing. Who is this "good known source" of yours, because I once had what I thought was a good source of lobbyists who wanted to try to bring back $500, $1,000, $5,000 and $10,000 and help me lobby for $200 and $2,000 bills, but obviously he was a fraud because, when I asked what casinos and other lobby interests he was dealing with, he never responded, and that was over a year or two ago. And he wanted me to send money, and that was why I asked that question. His name here was "cerdsalicious" and I have not heard from him ever since I asked him what industries were lobbying for the return of large denomination U.S. FRNs. Oh, and, did this "source" of yours say if they would redesign the $2 bill if they get rid of $1 bills and ramp up $1 coin production?
How do you know they are ordering the 2009 series $2 notes in 2012. I thought I read that somewhere else, but can't find the info.
I don't remember specifically where, but it is officially posted somewhere on the Fed website that they are in fact ordering 2009 $2's.
