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It looks like we have a new $1 note coming out.
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<p>[QUOTE="Numbers, post: 1913743, member: 11668"]The Federal Reserve stopped ordering $1 coins for circulation in 2011, since they already had piles and piles of them that nobody wanted. If there was ever a serious plan to get rid of the paper $1, there isn't any more.</p><p> </p><p>Also, improvements to the Fed's equipment that inspects circulated currency have made it *much* better at distinguishing worn-out bills from good ones, and hence much less likely to send a good bill off to the shredder prematurely. As a result, the average lifespan of a $1 bill is something like four times as long as it was just a few years ago, and the cost differential between the $1 bill and $1 coin is a lot narrower now--in fact, the paper $1 may actually be *less* costly than the $1 coin now, depending on how exactly you figure the costs. It doesn't seem likely that the $1 coin is going to be making a comeback any time soon.[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 1913743, member: 11668"]The Federal Reserve stopped ordering $1 coins for circulation in 2011, since they already had piles and piles of them that nobody wanted. If there was ever a serious plan to get rid of the paper $1, there isn't any more. Also, improvements to the Fed's equipment that inspects circulated currency have made it *much* better at distinguishing worn-out bills from good ones, and hence much less likely to send a good bill off to the shredder prematurely. As a result, the average lifespan of a $1 bill is something like four times as long as it was just a few years ago, and the cost differential between the $1 bill and $1 coin is a lot narrower now--in fact, the paper $1 may actually be *less* costly than the $1 coin now, depending on how exactly you figure the costs. It doesn't seem likely that the $1 coin is going to be making a comeback any time soon.[/QUOTE]
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It looks like we have a new $1 note coming out.
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