While Replacing The $1 Bill With A Coin May Save A Lot

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Author	Replies: 7 / Views: 1,409
Fox Pillar of the Community 708 Posts	Posted 09/24/2013 12:43 pm The whole title of this thread was going to be "While replacing the $1 bill with a coin may save a lot pf money..." Anyway, I'm betting that resuming printing $500 bills and possibly $1,000 bills, and printing $200 bills would probably save even more, due to the fact of $100 bill demand steadily growing and $100 bills are becoming more and more expensive to print, due to being redesigned every so often with new, more expensive security features, while the $1 bill never gets any new features added to it. If they printed at least $500 bills again, I could see some major savings, and even more so with printing a $200 bill as well, and, we'll just throw in the $1,000 bill for the reason that, even $1,000 is not a lot of money these days. I wonder why the government has never talked about this idea. I'm sure people would like this idea way better than replacing $1 bills with dollar coins. (And lets not worry about the drug dealers, money launderers and counterfeiters for once) Report this Post to the Staff

Sean H Valued Member 50 Posts	Posted 09/24/2013 4:36 pm i must say I like the idea it would be a lot easier to pay with thoose higher denominations !! Report this Post to the Staff
Sap Moderator Australia 16829 Posts	Posted 09/24/2013 6:48 pm Quote: (And lets not worry about the drug dealers, money launderers and counterfeiters for once) I'm sorry, but, as has been mentioned every time you raise this topic, they are the main reason why high-denomination bills are not made. Especially the "counterfeiting" one. $100 bills are "redesigned every so often with new, more expensive security features" to try to keep up with the counterfeiters. Bills denominated even higher would require even more vigilance, with even more frequent redesigns and even more expensive anti-counterfeiting widgets embedded in them. $1 notes are not similarly redesigned for two reasons: they're still hoping to replace them with $1 coins, and the virtually non-existent anti-counterfeiting technology currently on them is all a note as low-value as $1 really needs, since high-tech counterfeiters aren't going to waste their time on the fiddly small stuff. 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 Report this Post to the Staff
kemer006 New Member Netherlands 15 Posts	Posted 09/25/2013 02:53 am We have a 200 and a 500 euro note here. I don't see why a 500 or a thousand dollar note would be a problem. back in the 80s a 100 dollar bill was worth about 500 today and the drug related business was a lot bigger. Governments just don't like cash because it is hard to control. While a full electronic system is easy to monitor... Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 09/25/2013 10:33 am I must say, that for once I am concerned about the money launderers. :P I think that one day it may be necessary but by then there will be bigger problems with which to contend. Couldn't the bills have bar codes or chips to prove they're real? Most phone bills and the ilk and such have bar codes. If you're talking about drugs in Europe, then maybe, but not North America where drugs have exploded in use in the last ten to fifteen years. Edited by Libertad 09/25/2013 10:40 am Report this Post to the Staff
jbuck Moderator United States 188535 Posts	Posted 09/25/2013 11:35 am Quote: I don't see why a 500 or a thousand dollar note would be a problem... Governments just don't like cash because it is hard to control. While a full electronic system is easy to monitor... You answered your own question. You can throw every good reason out the window. As long as the government opposes it, it will never happen. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
kemer006 New Member Netherlands 15 Posts	Posted 09/25/2013 11:47 am My bad I thought drugs where worse in the 80's in the USA. My bad note to self stop watching scarface! I owned a $1000 dollar bill once, traded it in for a krugerrand and a red seal $100. Still regretting that. Report this Post to the Staff
jbuck Moderator United States 188535 Posts	Posted 09/25/2013 2:40 pm Quote: My bad note to self stop watching scarface! Now, there is no reason to punish yourself! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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