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<p>[QUOTE="clembo, post: 281865, member: 8033"]I have no choice but to come off sounding harsh here. Sorry for that.</p><p>You have no clue what you are talking about in the currency world.</p><p><br /></p><p>Has the BEP (Bureau of Engraving and Printing) issued a lot of one dollar notes? You bet they have! Do they exist in hoards like coins? Nope!</p><p>The average life span of a one dollar note is about 18 months. Then they are sent to be destroyed. This fact is a big part of why there is a push to get rid of one dollar notes. It costs to make them and it costs to destroy them. They wear out much faster than coins.</p><p><br /></p><p>The variables in collecting one dollar notes is vast compared to one dollar coins. One gets into blocks, runs, star notes and a variety of errors. More than just a P, D, S and "hot" errors.</p><p><br /></p><p>You don't see a lot of currency collectors on this site. Hmmm... maybe because it's CoinTalk? Got news for you there are MANY serious currency collectors out there. Yep, each Spring there is a huge show in Chicago that I have attended. That's only because it's close - these shows are all over the nation just like coin shows.</p><p><br /></p><p>Now, let's say that the U.S. decides to scrap the one dollar note in favor of coins. Would it be immediate at such and such a date. Would all one dollar notes be traded for coins at banks so the notes could meet mean old Mr. Shredder? If that were the case CU notes (even the most current) would suddenly become very scarce.</p><p><br /></p><p>Meanwhile the dollar coins would still be produced and circulated examples would last for a darn long time. Jump forward to 2057. Wow, a 2007 Sac in change! "Yeah, I have a 2003A one dollar note in CU that I got before they eliminated and destroyed the bulk of them."</p><p><br /></p><p>IF they get rid of one dollar notes I could also see them changing legislation on the minting of dollar coins. Hell, they're just sitting there and that would be an opportunity to actually use them. Dollar coin becomes "today's dollar bill" while the "dollar bill" is now much more collectible.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 281865, member: 8033"]I have no choice but to come off sounding harsh here. Sorry for that. You have no clue what you are talking about in the currency world. Has the BEP (Bureau of Engraving and Printing) issued a lot of one dollar notes? You bet they have! Do they exist in hoards like coins? Nope! The average life span of a one dollar note is about 18 months. Then they are sent to be destroyed. This fact is a big part of why there is a push to get rid of one dollar notes. It costs to make them and it costs to destroy them. They wear out much faster than coins. The variables in collecting one dollar notes is vast compared to one dollar coins. One gets into blocks, runs, star notes and a variety of errors. More than just a P, D, S and "hot" errors. You don't see a lot of currency collectors on this site. Hmmm... maybe because it's CoinTalk? Got news for you there are MANY serious currency collectors out there. Yep, each Spring there is a huge show in Chicago that I have attended. That's only because it's close - these shows are all over the nation just like coin shows. Now, let's say that the U.S. decides to scrap the one dollar note in favor of coins. Would it be immediate at such and such a date. Would all one dollar notes be traded for coins at banks so the notes could meet mean old Mr. Shredder? If that were the case CU notes (even the most current) would suddenly become very scarce. Meanwhile the dollar coins would still be produced and circulated examples would last for a darn long time. Jump forward to 2057. Wow, a 2007 Sac in change! "Yeah, I have a 2003A one dollar note in CU that I got before they eliminated and destroyed the bulk of them." IF they get rid of one dollar notes I could also see them changing legislation on the minting of dollar coins. Hell, they're just sitting there and that would be an opportunity to actually use them. Dollar coin becomes "today's dollar bill" while the "dollar bill" is now much more collectible.[/QUOTE]
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Sac dollar vs: prez dollar
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