Canada to make plastic bills

Doubtful that plastic coins would work well in vending machines tho, too light I would think and just about anyone could probably copy them quite easily. But plastic or Tyvek bills are an intresting thought. Tyvek would be nearly impossible to tear and would probably work well in machines. Someone should let our BEP know about plastic bills also. Probably last a lot longer than the expected 18 month expected by our current paper money.
Canada sure got it right with taking out of circulation $1 and $2 bills to insure the use of their $1 and $2 coins. The only thing keeping Crane Paper going is the ridiculous contracts they continue to get from our government for the paper they produce for our currency. I thought that there was not supposed to be a monopoly on any one product like they have?

 

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It would behoove any country to develop their own controlled polymers and proprietary trade secrets involving manufacture, printing and security measures to protect against counterfeiting and the threat of fakes undermining any nations currency, which is why Crane & Co is the sole "predominant" provider of papers for US currency to the BEP.

The Baroon Dollar web site has a page of links with insightful information about the successes and acceptance of local currencies in communities around the world. Well worth the time to review these as well.

 

Brazil had an polymer note with a clear plastic insert - felt bad and many felt it was fake.

A picture of the note is at: http://www.brazil-help.com/banknotes_coins.htm

 

The bottom line is you have to look at cost effectiveness, Paper is cheaper
But dosent last as long, Plastic last longer but if you have to make changes
May not be your best bet!!

 

Krispy, I think the credit card companies will love it. Finally, some "real" money out of plastic.

I agree with the bio and recycled part. Darn rascals. I still perfer metal, I don't care how pretty the packaging is or how cleaver the marketing.

Note: This is meant to a cheerful and fun rant - even though I am partly serious.

 

Humm. I did not realize that plastic/polymer could be so pretty. However, it seems to me that the underlying material is oil based. Not positive, but I seem to recall that polymer products are indeed by-products of the petroleum industry. Humm!:bow:

 

I read an article somewhere that the US is experimenting with the machinery to make these notes, but are quite a ways off from adopting anything.

I would like to see high denomination plastic coins with imbedded (passive) RFID tags. These coins would be easy to verify and impossible to counterfeit. I'm not sure about their durability, but I think the technology would work.

 

fyi: Check out this video [links to YouTube] for a Discovery Channel (in Spanish) program that went inside operations at Note Printing Australia to show how their polymer currency are produced.

I am not fluent in Spanish to translate but this is the YouTube info regarding the video:

Quote:
Una nueva Forma de fabricar dinero a base de plastico ha surgido, te mastramos los pasos que estos expertos realizan para fabricar billetes que no puedan ser falsificados por nadie mas.

Polymer_Banknote

Note_Printing_Australia

Reserve_Bank_of_Australia

 

Does this mean there will be a plastic currency section in this forum soon?

 

It might be a stretch but you never know...

 

Hello all:

I have read some posts regarding "plastic coins". I think plastic coins would last a long time, but I too am not sure if they would work in a vending machine format. I might be wrong, but I thought I read once that vending machine companies didn't like the idea of using Aluminum coins. I am not sure if it was due to their durability or weight.

Anyways getting back to plastic coins, I too have seen those "Mil" US state sales tax tokens, and they are still in pretty good shape.

Didn't the Keeling and Cocos Islands use a kind of plastic token currency for awhile that was made out of Kemetal?

Anyways I think the polymer notes will work out well. I remember the first time the Isle of Man came out with its "tear proof" One Pound note. I might be wrong, but that bill was made out of a kind of plastic I believe too.

I remember holding one of them when it was new and it felt different. I also remember holdling one that was well folded and such, and it seemed very plastic like. I am sure plastic bill technology though has improved substantially in the last 27 years.

I can't wait for the change over to occur.

Fiftypee :smile