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Posted 04/03/2015 8:53 pm
@nalaberong,
You can thank the lack of the redesign of the $1 bill on the vending industry lobby. They want to preserve the current design of the U.S. $1 bill for as long as it is around, which I think is stupid. They want the $1 bill left alone so that they don't have to go through the troubles and costs of reprogramming machines for a redesigned $1 bill, and scrapping out and replacing machines that are too old to be reprogrammed. They claim it would cost them around $500 million dollars, which is probably a drop in the bucket since they probably have billions of dollars on hand. I have no idea why they never redesigned the $2 bill either. Maybe due to lack of use. But all I have to say is, if the vending industry can reprogram for new $5, $10, $20, $50 and $100 bills, why can they not reprogram for new $1 and $2 bills as well, just like, why can't they upgrade for half dollar coins? But anyway, I believe that the $2 bill should be redesigned, which it will with the next currency redesign, and at least put a watermark and a security thread, as well as a tint of color on the current style $1 bill, if they don't want to change the design. But I still think that when the currency is redesigned, ALL denominations should be redesigned, $1-$100 bills. The vending industry didn't even want the colorized redesigned $5 bill, but due to a bleach counterfeiting scam, and the security features on the $5 and $100 bills being so close together and similar, the government redesigned the $5 bill as a precaution, since $5 bills were being bleached and $100 bills printed on the paper. I hope that, when they do redesign the $2 bill, that it has as many security features as the $5 bill at that time does. But I really hope that the $2 bill doesn't survive that long, and a $2 coin replaces it, before the $2 bill's redesign comes, some time beyond 2020.
You can thank the lack of the redesign of the $1 bill on the vending industry lobby. They want to preserve the current design of the U.S. $1 bill for as long as it is around, which I think is stupid. They want the $1 bill left alone so that they don't have to go through the troubles and costs of reprogramming machines for a redesigned $1 bill, and scrapping out and replacing machines that are too old to be reprogrammed. They claim it would cost them around $500 million dollars, which is probably a drop in the bucket since they probably have billions of dollars on hand. I have no idea why they never redesigned the $2 bill either. Maybe due to lack of use. But all I have to say is, if the vending industry can reprogram for new $5, $10, $20, $50 and $100 bills, why can they not reprogram for new $1 and $2 bills as well, just like, why can't they upgrade for half dollar coins? But anyway, I believe that the $2 bill should be redesigned, which it will with the next currency redesign, and at least put a watermark and a security thread, as well as a tint of color on the current style $1 bill, if they don't want to change the design. But I still think that when the currency is redesigned, ALL denominations should be redesigned, $1-$100 bills. The vending industry didn't even want the colorized redesigned $5 bill, but due to a bleach counterfeiting scam, and the security features on the $5 and $100 bills being so close together and similar, the government redesigned the $5 bill as a precaution, since $5 bills were being bleached and $100 bills printed on the paper. I hope that, when they do redesign the $2 bill, that it has as many security features as the $5 bill at that time does. But I really hope that the $2 bill doesn't survive that long, and a $2 coin replaces it, before the $2 bill's redesign comes, some time beyond 2020.
