Message:

<p>[QUOTE=&quot;Numbers, post: 930732, member: 11668&quot;]You&#039;ve got to remember how much of a pain it&#039;d be to enable changing currency designs to be accepted in the Fed/banking/vending system.&nbsp; Coin designs can be changed freely, because coins are recognized by their size, shape, and composition.&nbsp; But currency is recognized by its design, which means that all sorts of automated currency-handling devices have to be reprogrammed every time there&#039;s a design change.&nbsp; (This is why the $1 note has still not been redesigned at all--the number of vending machines &amp;c. that take $1&#039;s is far larger than the number that take $5&#039;s and up, and it&#039;s just not worth the huge amount of reprogramming/replacement that&#039;d be needed if the $1 ever changed.)</p><p>&nbsp;</p><p>Occasional currency redesigns to keep ahead of counterfeiters have proven to be a necessary evil, but a commemorative design would be horridly cost-ineffective (never mind a *series* of commemorative designs!).</p><p>&nbsp;</p><p>On top of that, it&#039;s a lot more expensive to create a currency design in the first place than it is to create a coin design.&nbsp; Sculpting a coin design is something that plenty of artists can do, and it doesn&#039;t take all that many hours.&nbsp; Engraving a banknote design into a block of steel requires a much less common skill, and it&#039;s a far more laborious process too.</p><p>&nbsp;</p><p>Whatever profit could potentially be made by selling commemorative notes to collectors at a premium, wouldn&#039;t begin to cover the costs of creating the design and modifying all of the Fed&#039;s currency-processing equipment to recognize it--let alone the costs to private businesses like banks and vending machine operators to modify *their* equipment.&nbsp; The idea&#039;s just a non-starter....&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in