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Valued Member
United States
493 Posts |
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Pillar of the Community
United States
764 Posts |
It would take a few years to significantly disappear from circulation. There are many uncirculated notes in treasury vaults, still available for release even if no new notes are printed. A note's lifespan is 1-2 years, but that does not include the 1-3 years it may sit untouched in a vault. Think about the series of the notes we all have and use right now. Many are 2009, a good number are 2006, and some from earlier years. These notes are more than 18 months old, but probably havent been in cirulation for that long. The treasury would have some options if the dollar note is discontinued: 1) Stop filling orders for them immediately or 2) continue to fill orders until the stock is gone. If option 1 is taken, they disappear quickly. Option 2 would take a few years.
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Pillar of the Community
 527 Posts |
Quote:
It would take a few years to significantly disappear from circulation. There are many uncirculated notes in treasury vaults, still available for release even if no new notes are printed. A note's lifespan is 1-2 years, but that does not include the 1-3 years it may sit untouched in a vault. Think about the series of the notes we all have and use right now. Many are 2009, a good number are 2006, and some from earlier years. These notes are more than 18 months old, but probably havent been in cirulation for that long. The treasury would have some options if the dollar note is discontinued: 1) Stop filling orders for them immediately or 2) continue to fill orders until the stock is gone. If option 1 is taken, they disappear quickly. Option 2 would take a few years. Do you think this will increase the value of the $1 silver certificates, should the dollar bill be retired? |
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Pillar of the Community
United States
1796 Posts |
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which is cheaper to make $1 bill costs ~$0.09 each to make. Lasts ~18 months in circulation. $ coin costs ~$0.20 each to make. Lasts > 30 years in circulation (conservative estimate). |
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Pillar of the Community
United States
764 Posts |
I don't think discontinuing dollar notes will change the way their value will increase over the next few decades.
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Valued Member
United States
83 Posts |
As long as the Crane Company, manufacturer of the paper used in US notes, has powerful enough influence in DC, it makes no difference how much would be saved. Unfortunately....the coin makes far more sense, especially in vending. I've gone through 4-5 dollar bills to get one to be accepted at parking stations, etc...
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Valued Member
United States
271 Posts |
just carl said,
"I'll always prefer to carry 10 to 20 single dollar bills for many reasons. No one I know likes nor uses those baby sized dollar coins. If I wanted to I could easy carry 100 single bills but 100 of thoss baby dollars? Not much of a chance.
I really think they sould start producing more $2 bills. Also, we need $3 bills since I hear so many people use them as an expression. Example is he is as ________ as a $3 bill.
So why not start making them? Or even $4, $6, $7 etc. bills. One for every number up to 100."
I like this ^
I want a 22 dollar bill! Or better yet, a 22.50 dollar bill. Pretty nifty eh?
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Pillar of the Community
United States
1796 Posts |
Hehe.
In all honesty I would love to see circulating Quarter, Half, single and Double Eagles again. They would make quite a bit of sense.
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Moderator
 United States
188513 Posts |
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What would happen to the adult entertainment industry if dollar bills were done away with? Oh, I shudder. Throwing coins doesn't seem very nice.
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Maybe [
All of the clubs in my immediate area use the two dollar notes when breaking larger bills and have been doing so for at least six years now, if not longer. |
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Pillar of the Community
United States
2295 Posts |
When this topic was brought up in the government a few years ago, I heard that the Crane Company was going to sue and say it was breach of contract. Not sure what is worded in their contract to say that though. Anyone know? It could be that Crane was just bluffing, since it would require work on the politicians to figure that out. Once the dollar note is eliminated, it'll put a huge demand on the two dollar note and then we'll be back to square one.  The politicians never think far enough ahead, because they don't have a clue on what they are doing. And adult clubs could issue $1 coupons for sale at the front door instead of using dollar coins, to hand out.  Kind of like using tokens at Chuck E. Cheese's instead of using quarters.  |
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Bedrock of the Community
United States
19951 Posts |
Personally, I find a wallet full of stupid $1 notes annoying, I'd rather have the coins.
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Pillar of the Community
Canada
3692 Posts |
Why in your straight head would you ever carry 100 coins when a $100 bill would suffice? BAD analogy.
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Valued Member
United States
76 Posts |
1$ coins are great for public transit. It bugs me to no end when passengers board the bus and someone tries to shove a wrinkly dollar bill in the fare box and it won't take it and there is a whole string of people behind them waiting to get on and it's freezing cold outside. How rude! I just drop my dollar coin and a few quarters in the fare box and I'm good to go. No muss, no fuss (no waiting, too!).
Public transit shouldn't even accept dollar bills to begin with.
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Moderator
United States
188513 Posts |
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Once the dollar note is eliminated, it'll put a huge demand on the two dollar note and then we'll be back to square one. That would be okay with me, at least we would still have the seigniorage on the dollar coins (which we lost when the chose stopping the coins over the notes). Quote:
Public transit shouldn't even accept dollar bills to begin with. I agree.  |
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Pillar of the Community
United States
4132 Posts |
Dollar coins are GREAT for the bus. A buck and a quarter, two coins, I'm ready to go. Fishing out a dollar bill from my wallet and a quarter from my pocket (exact change only) and fussing with the bill acceptor? Five quarters? Forget that. I've been using direct ship dollars in machines all over the place. They only machine that doesn't take them are the washer/dryers at my apartment, but they're those upright slider-style quarter things, and they don't take smaller coins either.
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Posted 02/05/2012 2:59 pm
