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 Replies: 15 / Views: 2,096 |
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Pillar of the Community
708 Posts |
Poll Question
Okay, this is kind of a dumb question, but, in an old U.S. coin and currency book I read, there was a question asking about, if there were ever $3 notes issued by the U.S. Treasury department, and as some of you may have saw me post, there were plans, originally for the issuance of a $3 note. Now, I am not really sure if it would have been a "Federal Reserve" note, a "United States" note, or whatever, but, in my opinion, it would have been twice as much fun, if this plan would have gone through, and we had $3 Federal Reserve notes today and you could go to the bank and request, both, some $2 bills and some $3 bills.
But the big question is, does anyone else here, support the $3 bill?
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Pillar of the Community
United States
2589 Posts |
If anything either the $500 or $1000 should be brought back into circulation to allow the USD to compete better as a reserve currency with the Euro and the Swiss Franc, both which have their largest denominated bills well in excess of $100 USD conversion value.
The reasoning for keeping the $500 out of circulation is no longer valid, since a hundred dollar bill in 1972 when the $500 was withdrawn would be worth well over $500 today adjusted for inflation.
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Pillar of the Community
United States
2589 Posts |
And there actually were circulating $3 treasury notes issued by the united states andd used as currency. They are however extremely extremely rare and only a handful of issued notes are known to still exist. Although remainders and one sided card proofs though also extremely rare are more numerous.
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Pillar of the Community
United States
3253 Posts |
Here you go! Continental Currency, Jan 19, 1779 emission $3 note. Came in a form printed in 1775 as well, but those bore the name "United Colonies," in case anyone wanted to pick nits about it not being a United States issue.  So, if someone says something is "as queer as a three-dollar bill," this is how queer they mean! Edited by philadelphian
05/06/2013 4:13 pm
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Pillar of the Community
United States
2589 Posts |
I forgot about those! But the early and mid 1800's $3 treasury note issues are still valid currency convertable to and payable to the bearer on demand by the Treasury while continental currency was officially devalued by the government to 100 Continental Dollars per USD through conversion to treasury bonds. Thus a 3 Continental Dollar note is only payable in the eyes of the United States as 3 Cents USD in Treasury Bonds.
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Pillar of the Community
United States
2589 Posts |
Here a picture of a genuine issued uncancelled $3 Treasury Note issued in 1815  It was sold on Heritage in 2005 for $74,450, I bet it would easily go over $100,000 if sold today. |
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Pillar of the Community
United States
3253 Posts |
I still say the Continental currency three-dollar bill is queerer!
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Pillar of the Community
 708 Posts |
XavierOfGreen,
Actually, BOTH the $500 AND $1,000 Federal Reserve notes should be reissued, and we should also issue a $200 Federal Reserve not as well. I agree that we need something to compete with the Euro, as a strong store of wealth in other, underdeveloped countries, and a $100 bill just does not cut it anymore. Plis a $100 bill, going back on July 14, 1969 when rge large denomination bills were discontinued, was about s $1,000 bill today.
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Pillar of the Community
United States
965 Posts |
Personally, I think there is no reason why we should have a $3 bill considering we already have a $1, $2, and $5 denominations. Besides, we already have bazillions of half dollars, dollar coins, and $2 bills that no one uses.
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Moderator
 Australia
16830 Posts |
"3" is a number that simply does not fit comfortably into a decimal currency system. 10 divide by 3 equals not a whole number, and that inconvenient truth kills their practicality. It does not matter if you're talking about a 3 cent coin, a 30 cent coin, a $3 note or a $30 note - they're all equally impractical.
Few countries using a decimal currency system have attempted introducing a $3 note, and even fewer have persisted with them. Russia (the Empire and the Soviet Union), some of their old Warsaw Pact neighbours such as Bulgaria and some of the post-Soviet breakaway states like Uzbekistan have issued the local equivalents of $3 notes in the past, but I don't think any of them still do so.
If you really wish $3 and/or $4 notes to circulate, then I suggest genetically engineering everybody to give us six fingers on each hand. Then we can switch to a duodecimal (base-12) counting system, and the "logical" currency sequence would become 1, 2, 3, 4, 6, 12 rather than 1, 2, 5, 10.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
2589 Posts |
After checking my references it looks like the 1815 issue was the only time a $3 denominated note was issued by the United States. I imagine its likely the rarest denomination of money ever issued to the public by the united states. There can't be more than a couple of issued notes left in existance.
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Pillar of the Community
Canada
3692 Posts |
Well, you've all heard the saying: "As phony as a three dollar bill"...
It's quite unneeded.
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Pillar of the Community
United States
1796 Posts |
I figure that $2 bills are obscure enough (despite being one of the most beautifully designed bills in circulation) and that a $3 bill would impinge upon our cultural heritage and cause *huge* confusion. (Hence why I voted "No, because then you couldn't say..." :-) )
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Bedrock of the Community
United States
36745 Posts |
Quote:
Well, you've all heard the saying: "As phony as a three dollar bill"...
It's quite unneeded.  |
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Valued Member
United States
292 Posts |
The gays have taken the phrase "Queer as a 3 dollar bill" to heart and come up with some doozies.
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Pillar of the Community
United States
814 Posts |
There is a Confederate Missouri 3 dollar bill in my lcs. Full of holes and tears, and witha $150 price tag, thats where it will stay. Dores that count? It was issue by the Ununited states? Lol j/k I know it doesn't count. As for the OP question, no I would support a $3 bill.
1. Why? What purpose does it serve thats not already satisfied?
2. No one would use it.
3. I'm spending to much time on circulating $2 bills to take on a $3 bill .
I definetly agree with the recirculation of the $500 and $1000 tho.
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Replies: 15 / Views: 2,096 |
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Posted 05/06/2013 05:07 am
