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<p>[QUOTE="Drago the Wolf, post: 1359048, member: 22476"]Okay, I got a few interesting tidbits here that, both coin and currency dealers may like.</p><p><br /></p><p>First off, I talked to a lady from NAMA, and she told me that the Treasury is looking at such options as Braille as well as different sized banknotes, or possibly corner cut off in certain spots on certain denominations, but was not sure of any changes being made to the $2 bill (which I don't see being possible, since ALL denominations except the $1 bill were ordered to be redesigned) But the BEP lady said there were no plans to redesign the $2 bill as of yet, but they are not sure if that will change or not, so its still possible. </p><p><br /></p><p>As for coins, the government IS looking for cheaper metals for our coinage. The lady mentioned a redesign, but I am guessing what she meant by "redesign" was a change in metal composition, but I suggested my half dollar redesign idea (No, not the "Famous Dogs" series. Just the size reduction and shape and possible color change) but she said it was ultimately up to the U.S. Mint and Bureau of Engraving & Printing on making bills and coins for their machines to accept. But although she said, they are trying to make it so that the least amount of retooling is needed, she did make it sound like a totally new coin mechanism was going to need to be developed. So I asked her, "If you guys have to develope a new coin acceptor, could you please make it so that it accepts and dispenses halves?" and she said, "Well, I don't know. Halves don't really circulate too well, and we think its for the same reason that the dollar coin failed: Because consumers did not want another coin added into their daily commerence" and I told her "No, the problem with the dollar coin, was that the government did not phase out the $1 bill, and the dollar coin will not circulate as long as we have a $1 bill, however, the $2 bill does not have a $2 coin to compete with, and the half dollar coin doesn't have a $0.50 bill to compete with, so they have more of a chance" and she said, "You're right" and then I said, I don't think they will ever get rid of the $1 bill. They've been trying, what? 40+ years?" and she said "Neither do I" So, if this is coming from the vending industry, which advocates coin usage, including the dollar coin and eliminating the $1 bill, obviouly THEY too, know that the dollar coin is never going to work out. Which is why they should push for the halves and $2 bills to circulate more, since there are a lot of vending itemd going for $1.65 or so. So either insert a $2 bill and get $0.35 back in change, or insert a $1 bill and a half, a dime and a nickel, and call it a day.</p><p><br /></p><p>I was also told by the BEP that these issues are up to the Federal Reserve Board. But I plan on contacting as many self checkout and vendors as possible, to urge that they upgrade to accept $2 bills and accept and dispense halves as needed. Whether I succeed, is yet to be seen, but if they have to make all new machines, there is, or should be a glimmer of hope, to get the machines made to accept these two odd denominations.</p><p><br /></p><p>Since there is no chance for the dollar coin, it is time for the HALF dollar coin to shine again![/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 1359048, member: 22476"]Okay, I got a few interesting tidbits here that, both coin and currency dealers may like. First off, I talked to a lady from NAMA, and she told me that the Treasury is looking at such options as Braille as well as different sized banknotes, or possibly corner cut off in certain spots on certain denominations, but was not sure of any changes being made to the $2 bill (which I don't see being possible, since ALL denominations except the $1 bill were ordered to be redesigned) But the BEP lady said there were no plans to redesign the $2 bill as of yet, but they are not sure if that will change or not, so its still possible. As for coins, the government IS looking for cheaper metals for our coinage. The lady mentioned a redesign, but I am guessing what she meant by "redesign" was a change in metal composition, but I suggested my half dollar redesign idea (No, not the "Famous Dogs" series. Just the size reduction and shape and possible color change) but she said it was ultimately up to the U.S. Mint and Bureau of Engraving & Printing on making bills and coins for their machines to accept. But although she said, they are trying to make it so that the least amount of retooling is needed, she did make it sound like a totally new coin mechanism was going to need to be developed. So I asked her, "If you guys have to develope a new coin acceptor, could you please make it so that it accepts and dispenses halves?" and she said, "Well, I don't know. Halves don't really circulate too well, and we think its for the same reason that the dollar coin failed: Because consumers did not want another coin added into their daily commerence" and I told her "No, the problem with the dollar coin, was that the government did not phase out the $1 bill, and the dollar coin will not circulate as long as we have a $1 bill, however, the $2 bill does not have a $2 coin to compete with, and the half dollar coin doesn't have a $0.50 bill to compete with, so they have more of a chance" and she said, "You're right" and then I said, I don't think they will ever get rid of the $1 bill. They've been trying, what? 40+ years?" and she said "Neither do I" So, if this is coming from the vending industry, which advocates coin usage, including the dollar coin and eliminating the $1 bill, obviouly THEY too, know that the dollar coin is never going to work out. Which is why they should push for the halves and $2 bills to circulate more, since there are a lot of vending itemd going for $1.65 or so. So either insert a $2 bill and get $0.35 back in change, or insert a $1 bill and a half, a dime and a nickel, and call it a day. I was also told by the BEP that these issues are up to the Federal Reserve Board. But I plan on contacting as many self checkout and vendors as possible, to urge that they upgrade to accept $2 bills and accept and dispense halves as needed. Whether I succeed, is yet to be seen, but if they have to make all new machines, there is, or should be a glimmer of hope, to get the machines made to accept these two odd denominations. Since there is no chance for the dollar coin, it is time for the HALF dollar coin to shine again![/QUOTE]
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