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<p>[QUOTE=&quot;fatima, post: 1309792, member: 22143&quot;]I suppose I could ask you that why do you insist that US Treasuries are USD when they fail the legal tender test for USD?&nbsp;&nbsp; None the less, on the issue of coinage, I already admitted my mistake on this.&nbsp; The coins are a liability of the US Treasury and not the Federal Reserve even though it&#039;s the Federal Reserve that monetizes them and becomes responsible for them.&nbsp;&nbsp; It&#039;s begs the question.&nbsp; If the Federal Reserve pays full face value to the US Treasury for the coins, then what do they pay with?&nbsp; Federal Reserve dollars?&nbsp; If so, then were are those $s counted?&nbsp;&nbsp; No doubt, it&#039;s the reason the Federal Reserve states on it&#039;s website that </p><p><br /></p><p><b><i>&quot;<u>Almost all</u> U.S. currency now consists of Federal Reserve notes.&quot;</i></b>&nbsp; Emphasis on the almost.</p><p><br /></p><p>On the issue of pre-1971 US Bank notes, silver certificates, etc.&nbsp;&nbsp; The average expected lifespan of a note is ~18 months.&nbsp; So one can safely assume there are none of these left in circulation, they are all being held by collectors and thus are no longer counted.&nbsp; If someone deposits one of these bills at a bank, the bank sends them to the FR to be destroyed.</p><p><br /></p><p>Why continue to ignore the Federal Reserve&#039;s statement that almost all USD are Federal Reserve notes? Seems to me they would know.[/QUOTE]</p><p><br /></p>

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