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<p>[QUOTE=&quot;NorthKorea, post: 1134842, member: 29643&quot;]Drago, I don&#039;t think we should have denominations above the $500 note, to be honest. My reasoning is that $500 is the most Western Union is willing to send, and transactions in excess of $2500 are now reported (from what I recall) to the government. It would make no sense to have notes larger than $500, since $2500 is five $500 notes. When that reporting level is repealed or raised, then it would make sense to introduce larger currency amounts. The main reason I stopped at $100 bill (with the potential for a &quot;special&quot; $500 note) was based upon counterfeiting. If the US BEP introduced notes with face values in the thousands for circulation, we would be faced with the increased likelihood of counterfeit notes destroying the new currency.</p><p><br /></p><p>I don&#039;t think we&#039;ll see 20c coinage, unless we see $2 coinage. Again, the system I detailed of three coins and three notes is based upon the specific structure of currency 5-4-5-4-5. Very easy to remember. The introduction of 20c and $2 coins would increase costs associated with the currency, which would defeat the point of reducing the types of currency in the first place.</p><p><br /></p><p>gump - I&#039;m not sure how a $2 piece would be received. Again, if we opted for the $2 coin route, in lieu of the $5 note, I would advocate for a 20c piece instead of the quarter, as well. However, as it stands, I don&#039;t WANT a $2 coin. I was merely saying that a system would need either a $2 coin or $5 note. Otherwise, change for $10 bill buying 75-cent pack of gum would be 10 coins.[/QUOTE]</p><p><br /></p>

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