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I Have What Might Be Considered A Stupid Question.

 
 
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United States
77 Posts
 Posted 11/21/2019  3:53 pm Show Profile   Bookmark this topic Add rbjr85 to your friends list Get a Link to this Message
I've always wondered why the B.E.P. doesn't issue commemorative currency the way the mint issues commemorative coins. Is it a matter of constitutional legality or a matter of technical practicality? I don't know a lot about U.S. paper money, but I've always wondered about this.
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 Posted 11/21/2019  5:01 pm  Show Profile   Bookmark this reply Add keith12 to your friends list Get a Link to this Reply
There are no stupid questions. Only stupid answers
Valued Member
United States
77 Posts
 Posted 11/21/2019  5:10 pm  Show Profile   Bookmark this reply Add rbjr85 to your friends list Get a Link to this Reply
If they were to issue commemorative notes I think the $2 denomination would be the most ideal for a few reasons. 1) It's obscure enough to the casual person to be novel enough to get attention. After all how often do you see $2 notes in general circulation anymore. The only way to get them is to ask for them at the bank or order them directly from the B.E.P. 2) Since the denomination isn't being used for general circulation and it's been pretty much relegated to a sort of collector's item anyway, why not release commemorative ones with different designs like they do with coins. And since both the U.S. Mint and the B.E.P are under the authority of the treasury department they could be companion notes to the commemorative coins issued. 3) It's a low enough denomination that anyone could afford to collect them, as long as the surcharge isn't too high.
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 Posted 11/21/2019  5:25 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
I'd wager it's a technical limitation, particularly around security/counterfeiting. Paper currency has higher denominations than coins so there is greater potential loss. Coins can be mechanically distinguished by size/weight/conductivity, but paper currency readers rely on different security measures inherent in the design, so different designs are harder for machines to accommodate than with coins.
Working on: Indian quarter eagles, Chinese pandas, and San Francisco tokens; upgrading my Peace dollar and US Type sets

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
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United States
2353 Posts
 Posted 11/21/2019  6:52 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
The BEP primarily does commemorative (collector driven) currency by utilizing the serial numbers. I've got hundreds of $2 notes with serial numbers representing the year of issue. The series date on modern US paper money doesn't change every year, like coins, so having the year of issue incorporated into the serial number is pretty cool.

Does the general public actually look at their coins ? It was just a couple of years ago I discovered that the Mint had four different reverse designs on the 2009 Lincoln cent.
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 Posted 11/21/2019  7:19 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
And I did not know that until reading this post, honestly.
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 Posted 11/21/2019  11:13 pm  Show Profile   Bookmark this reply Add James Hicks to your friends list Get a Link to this Reply
Interesting...
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 Posted 11/22/2019  10:04 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
It was just a couple of years ago I discovered that the Mint had four different reverse designs on the 2009 Lincoln cent.
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 Posted 11/22/2019  6:04 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
Philistines!

I suppose you don't know about the Westward Journey nickels then?!

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 Posted 11/25/2019  10:49 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I suppose you don't know about the Westward Journey nickels then?!
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United States
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 Posted 11/25/2019  2:24 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply

Quote:
I suppose you don't know about the Westward Journey nickels then?!


Just before switching to paper money, I was up late one night watching television and stumbled upon Mike Mezack, who was hawking a pair of the Westward Journey Nickels in ICG PF70 holders. He talked me into them something like 15 years ago.

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 Posted 11/27/2019  08:30 am  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply

Quote:
I was up late one night watching television and stumbled upon Mike Mezack,


How many lessons learned start with those words.
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