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<p>[QUOTE=&quot;andyscouse, post: 992176, member: 27100&quot;]Well, the UK government faced a similar issue in the very early 80&#039;s.&nbsp; The £1 note was becoming costly to print and maintain- it was having a life of about 9 months.&nbsp; So, in 1983, the £1 coin was minted for the first time.&nbsp; For 2 years or so, they rarely turned up in circulation, because the £1 note was also still being printed and used.&nbsp; The British are notoriously conservative when it comes to coins and notes ... the only country more so is the US.&nbsp; So, what was the government to do?</p><p>&nbsp;</p><p>Well, it stopped printing the £1 note in 1985, and very quickly, these were removed due to normal wear and tear, and they were finally demonitized in 1988.&nbsp; In the meantime, the public got used to using £1 coins, so that by 1986 they were more common than the notes (I was at Uni in Sheffield at the time, so can attest to this!).</p><p>&nbsp;</p><p>The £1 coin is firmly established now, and in 1997 a £2 coin was introduced, and it, too, circulates freely,</p><p>&nbsp;</p><p>The step needed was for the government to simply decide when to stop printing notes, and when to withdraw them.&nbsp; Note that the Bank of England will, to this day, redeem old notes (from whatever age) for face value in new coin/note, so noone loses out.</p><p>&nbsp;</p><p>I don&#039;t think, however, that the US government will do this.&nbsp; I think I&#039;m right in saying that no US bill has ever been demonitized?&nbsp; (And I think that&#039;s why HAWAII overprints were done - so that if the island were to be invaded, only those bills would have been demonitized).</p><p>&nbsp;</p><p>Anyway, that&#039;s a Brit&#039;s 2¢ (or 2p) worth![/QUOTE]</p><p><br /></p>

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