My Draft To Congress On Mostly Coin Issues But Paper As Well

This is the letter that I wrote to my state Senators, and befor I sent it out to them, I sent it to the Dollar Coin Alliance to see if anything should be added or removed, and their reply was simply "Good" So, I guess I DID "good" But I'm not sure how that will be judged here, but I like seeing what others have to say about my ideas, so here goes:

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Dear Senator,

I am writing to you once again, in regards to some of our our U.S. coin and currency issues.
First off, would you please consider becoming a Co-Sponsor of the Currency Optimization, Innovation and National Savings (Coins) Act, and if possible, add an amendment that requires all vending machines that needs to be retooled or replaced to dispense $1 dollar coins be programmed to accept $2 bills and to also accept and dispense half dollar coins, and have self checkout machines that must be retooled or replaced to accept and dispense $1 coins, be made to both accept and dispense $2 bills and half dollar coins as well. Or could you possibly lobby for a $2 coin to be accepted and dispensed by all vending and self checkout machines as well, so that the American public may be more satisfied by carrying less $1 coins, to go along side the half dollar coin and $1 coin? These ideas would save the government money on minting less quarters and $1 coins, and the COINS Act already says it would save $13.8 billion dollars, $2 bills or $2 coins to cut the needed $1 coins to replace the $1 coin production roughly in half, and more halves and less quarters would also save more money. I would suggest the $2 coin, for better savings. The reason we should have all vending and self checkout machines made to accept and dispense half dollar coins (and possibly $2 coins) is because there is a circle that needs to be broken where vendors do not accept halves because people don't use them, and people don't use halves, so the vending industry does not upgrade to accept or dispense halves. Please help get the $1 coin, half dollar coin, and preferibly a longer lasting $2 coin (if not the $2 bill) based on Canada's $2 coin as the prototype for our U.S. $2 coin, going so that all new machines needed to be upgraded to accept and dispense $1 coins, can accept and dispense all three coin denominations. I was told by a grocery store manager that the self checkout machines they have, would all have to be completely replaced if they had the need to dispense dollar coins, so, why not get new machines made that also accept and dispense half dollar coins and $2 coins, to make sure we are prepared, instead of having to update as certain new coin denominations come out. Perhaps we could also reduce the size of the half dollar coin, and make it a sided coin, like a nonagon-type shape, and copper in color and slightlt thicker than all other U.S. coins, yet still able to fit unto vending machine slots, so that the new halves would be distiguishible by looks and touch for the blind and visually impaired, and to make halves lighter, and therefore, more attractive than two quarters, which the current half dollar coin weighs.

Could you please also support phasing out the penny, and possibly reducing the nickel to the size of the penny, and making the new, polygon-sided half dollar coins the size of the nickel. Or otherwise, if you think it would be too confusing to make copper halves the size of nickels and silver colored nickels the size of pennies you could support making the new smaller halves in between the size of the nickel and the quarter, due to the new half dollar coins being a thicker and sided coin as opposed to a round coin, to tell the coin by feel and copper-colored to tell by a quick glance. And also, could you please support making the nickel out of a cheaper metal composition?

One other thing is, I have learned a bit of news that the Treasury is talking about wanting to reissue the $500 bill, but as of now its just talks and nothing has been made official yet, but if and when it does, I have read that the Secretary of the Treasury still has the authority to print $500, $1,000, $5,000 and $10,000 bills if he chooses to do so, and the Federal Reserve still has the authority to order any or all of these large denominations Federal Reserve notes, and that if they order them, the Secretary of the Treasury must order them printed. Anyway the Treasury wants $500 bills because $100 does not go as far as it used to and I have always heard that, if the Treasury talks about reissuing the $500 bill, they would likely consult with Congress first, but the thing is, although they are talking about reissuing the $500 bill, there was no mention of a $200 bill, which I know would take an Act of Congress to issue $200 bills, because there was never a real U.S. $200 Federal Reserve note printed, but I figure, this is another way of saving money. Printing fewer $500 bills instead if printing so many $100 bills, which the demand for the $100 denomination is steadily increasing, printing less $100 bills would save the government money, and a few more $200 to close in the gap between the $100 and $500 bills would save even more so. Please support any movement to reissue the $500 bill, and if there is a movement to do so, please get involved with getting a $200 bill on the drawing board as well.

So, all of that said, could you please consider becoming a Co-Sponsor of the COINS Act, as well as supporting all of the other suggestions I mentioned? These ideas could save the U.S. government billions of dollars, and I would bet it would be considerably more than $13.8 billion if you follow all of my suggestions.

Thank You for your time.

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If this idea flys, we could see circulating, and possibly redesigned halves, $1, and $2 coins (I mentioned $2 bills, but why use $2 bills when the new machines should be equipt to accept and dispense $2 coins instead of retooling or scrapping the machines out again? And $2 bills would likely be replaced with $2 coins if $1 bills are replaced with $1 coins anyway, so...) And we may also see the end of the cent, a cheaper metal composition nickel, and $200 and $500 bills in circulation. I think the redesign of the half should be done in 2015 if and only if they change the size and shape as I suggest. Let the Kennedy half be for the 50 year mark thats coming up, and then, change it.

The only issue I see here with having curculating halves, $1 and $2 coins is that we would have six circulation coins (nickel, dime, quarter, half, $1 and $2) and I would hope that the $2 coin would not force the half out of circulation, or vise-versa, since we would need six coin slots in cash registers (or even seven slots if the cent remained) however, we might have to update our cash register trays here in the U.S., same as Bm0ney's cash register tray in Canada, which has eight coin slots and four bill slots, but I believe Bm0ney said it could be converted to a five bill slot drawer ($5, $10, $20, $50, $100/$200 ($200s under $100s) with $500s going under the till or in a safe, but thats old news from me) Then we can all be happy. Cents (and hopefully, in the near future the nickel and quarter with the ressurection of the fifth) and the $1 and $2 bills will go away, and the $1, $2 and half dollar coins and $500 bills will come back, and we will have a new arrival in the form of a $200 bill.