Poly Notes-What Are Your Thought?

A lot of countries are switching to notes made of plastic/poly. I for one, would hate them. What are your thoughts on this? I know one thing for sure, Crane Paper in Dalton, Ma. would fight this tooth and nail.

 

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I got many plastic notes in my collection. I tend to think they're pretty neat & wouldnt have issues if we switched to them.

 

Would they then have to recalibrate all the vending machines to accept them?? What a nightmare scenario! Bad idea.

 

I used them when I lived in Australia.
(where they were invented)
Didn`t really notice much difference.
They stay cleaner and crease less.
They carry fewer germs
Almost impossible to forge.
Don`t ever iron them though,
I found two AU$10 bills in my jeans pocket that had been ironed, not good, LOL

 

Yea I lived in Australia as well. Their main benefit is they really are almost impossible to counterfeit. And they do last a lot longer, but i did notice that when they got old the ink would wear off at parts just leaving clear plastic. But I liked them, especially the different colours and lengths, made it so easy to know how much money you had.

 

How about fitting and bending in a "2 fold" wallet?

 

They bend just as well as a normal note, even better actually. You can crumple them up and they just un bend right away.

 

I'll be darn - learn something new everyday!! But why do they always look like Monopoly money with all them colors? Or is that just a certain few countries?

 

We start next year.
The first polymer note will be the £5 note featuring Sir Winston Churchill and will be issued in 2016. It will be followed around a year later by a polymer £10 note.

 

I think a lot of countries have colourful money. Australia has those colours. But they have tons of anti-counterfeit features that are pretty cool. The $10 has a whole book written in tiny type. "The man from snowy river." I have a $5 that I carry around in my wallet for fun, so I took some photos and stuff to show how well they work.

 

I don't love them, I don't hate them. Used polymer notes during a trip to Mexico, and first found them to be a little sticky. Not a big deal though. And yes, they do not wear quickly. Then again, quite a few security features can also be had without polymer. The new euro notes for example (currently €5 and €10) are still "paper"/cotton but have a very thin lacquer layer on both sides. The new €20 note, to come this year, will have a (semi-)transparent window ...

Christian

 

They sound like a pretty good idea, but I can't help thinking we may be only a generation or two away from eliminating physical currency altogether.

 

In the US we tend to think of them as "Monopoly money" because of the colors, but most countries have used colors in their currency for a long long time. We are not used to it because we have not had much in the way of colors (other than green and black) in our currency since the turn of the 20th century. It isn't so much that theirs are colorful, as it is ours are boring.

 

These are two different (well, partly different) issues, I think. Yes, the paper money from most countries is more colorful than US dollar bills anyway. But polymer seems to have an additional effect: The colors are - at least that has been my impression - somewhat more intense ...

Christian

 

I agree that the ink comes off when they circulate a lot.I recently ordered some bank notes from Papua New Guinea for my stock and the 20 Kina notes had hardly any ink on them, lots of clear plastic. They must use the heck out of them. Mexico issued a 10 Peso note in polymer a while back, they are back to paper now.

 

Not sure about that. The lowest denomination, when it comes to Mexican banknotes, is 20 pesos, and that (as well as the 50 peso note) is polymer ...

Christian

 

I stand corrected. They used to have a 10 Peso note back in 96, which was paper.

 

That mid-90s date might explain why it was a paper note. There may well be exceptions, but by and large, once a polymer denomination has been introduced, it won't get replaced by paper/cotton again. Rather by a coin at some point.

Christian