Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Join Thousands of Coin, Bullion, & Money Collectors 300,000 items to help build your collection! Shop for APMEX Bullion on eBay!Specializing in Modern Numismatics Coin, Banknote and Medal Collectors's Online Mall Vancouvers #1 Coin and Paper Money Dealer Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes.








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Do You Think Polymer US Bills Will Spell End Of $1 Bills?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 12 / Views: 1,932Next Topic  
Pillar of the Community

708 Posts
 Posted 12/12/2013  4:45 pm Show Profile   Bookmark this topic Add Fox to your friends list Get a Link to this Message Number of Subscribers
Okay, I was originally going to make the title of this thread "Do you think polymer U.S. Bills will spell the end for the $1 AND $2 Bills?" but that thread name did not fit.

I was thinking there might be a chance of the $1 and possibly the $2 bill going bye-bye if we switched to polymer, only because Crane & Co would likely have no involvement in the polymer plastic, unless they partnered with the people that patented the polymer plastic material.

I hope we go to polymer with the next currency redesign, and add a polymer $200 and $500 bill, and if we keep it (which would be foolish) a polymer redesigned $1 bill. But hopefully they will just decide to issue $2 coins and mint more $1 coins, and pull all $1 and $2 bills from circulation.
Edited by Fox
12/12/2013 4:47 pm
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 12/12/2013  5:07 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
If the paper company is against discontinuing one or two paper bills, wouldn't they be even more against discontinuing all paper bills?

Also, why is a paper company calling the shots, anyway?!
Pillar of the Community
DoubleEagle20's Avatar
United States
1748 Posts
 Posted 12/12/2013  6:24 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
I suspect Crane will license the technology from Note Printing Australia. They hold the patents on the process.
Absolutely the $1 and $2 will go away if we have a redesign on polymer, IMO. I am highly in favor of a new $500 note on polymer before the major redesign, but I don't think a $200 would happen. Two one hundreds can do the job just as easily. Very similar to the scenario of 1's, 2's and 5's. However, a new $500 on polymer would be a good test of the substrate, before it goes into high circulation notes, such as 5's, 10's and 20's.
No need to mint many more $1 coins, there are well over 1 billion of them in circulation or in FRB vaults. People would stop saving them and spend them when the $1 note is gone. The $2 note would be needed in quantity until the coin was developed and minted in sufficient quantity. Much like Canada from 1987-1996, except I hope there is no rush to get ours developed. I want to see a bimetallic $2 coin smaller than the $1 coin. That idea really works well in Australia.
Edited by DoubleEagle20
12/12/2013 6:42 pm
Pillar of the Community
persistnt's Avatar
Canada
726 Posts
 Posted 12/12/2013  7:53 pm  Show Profile   Bookmark this reply Add persistnt to your friends list Get a Link to this Reply
hopefully they will go with a smaller 2.oo coin,,,,The canada twoonie is too big.... I also say the 1.oo bill will go by the wayside..
Pillar of the Community
708 Posts
 Posted 12/12/2013  11:30 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply

Quote:
I am highly in favor of a new $500 note on polymer before the major redesign, but I don't think a $200 would happen. Two one hundreds can do the job just as easily. Very similar to the scenario of 1's, 2's and 5's.


Now hold on, Mr. Eagle. I have almost no problem with two $100 bills over one $200 bill, but when I start getting four $100 bills, I would rather have two $200 bills, just as, if the $1 and $2 bills are replaced with coins, I would rather carry two $2 coins over four $1 coins. I hate carrying four or even three $1 bills at a time if I could break the load down with more denominations, such as two $2 bills or a $1 bill and a $2 bill. And I hate it even more, having to carry up to four worthless pennies. I suggest that, if the government is going to continue to waste money on minting pennies, that they bring back the 2 cent coin, and try to force it into circulation. The U.S, Mint will NOT come out ahead with minting 2 cent coins, but they will be wasting less money on minting all of those stupid (one cent coins) pennies with 2 cent coins helping to meet the demand.

Also, I want our $2 coin to be the exact same specs as the Canadian toonie. Its only slightly larger than both our U.S. $1 coins and the Canadian loonie, and I would like our half reduced to a size between the nickel and quarter, as I have said a million times. Australia and the Euro Zone circulates their 50 cent coins, so, why can't we in the U.S. and the Canadians do the same?

But anyway, as I said, I would want to carry two bills over three or four, be it $400 in the form of two $200 bills, or $300 in the form of a $200 bill and a $100 bill, and quite frankly, I'd rather carry one $200 bill over two $100 bills as well. Just like as I said, if they bring back the $1,000, $5,000 and $10,000 bills some day, they need to issue a $2,000 bill as well. And hey, Europe has the 200 Euro note, so why can't the U.S. have a $200 bill? Also, all of the people who want Ronald Reagan on a coin or bill could have a Reagan $200 bill, and keep William McKinley on the obverse and the "denomination in circle" reverse just updated in design on the new $500 bill. And make that big "500" in the circle out of color shifting ink, as well as a few objects and numerals on the front out of color shifting ink. The $200 bill, like the $500 bill is also another money saver, to print less $100 bills and to make it easier, faster less bills to haul around, and more convenient to make change for $500 bills in places where they deal with large amounts of cash. Like jewelry stores and coin shows.
Edited by Fox
12/13/2013 07:05 am
Moderator
Learn More...
John1's Avatar
United States
56855 Posts
 Posted 12/13/2013  07:29 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply

Quote:
Do you think polymer U.S. Bills will spell end of $1 Bills?
I hope not. I would like to see a poly one and two dollar note made.If the one dollar "coins" were going to take hold with the general public don't you think it would have happened by now?
John1
Pillar of the Community
Libertad's Avatar
Canada
3692 Posts
 Posted 12/13/2013  10:11 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I think the US bills are easily counterfeited on purpose to give secret service more funding. Polymer bills would end the monopoly Crane has on US currency.

I hope that a future US $2 coin looks nothing like our coinage because they are not the same currency. It's bad enough that pennies, nickels, dimes, quarters, AND $1 coins seep past the border. They ( US coins) get in the way, your coins are filthy to touch, and they simply don't belong. You wouldn't like it if we exported all of our quarters to your country.
Pillar of the Community
allranger's Avatar
United States
1391 Posts
 Posted 12/13/2013  10:24 am  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply
I don't know what you are talking about Libertad but I am in Southern Idaho and get Canadian coins (quarters included) in my change all the time.
Pillar of the Community
1967Canadapenny's Avatar
United States
965 Posts
 Posted 12/13/2013  4:58 pm  Show Profile   Bookmark this reply Add 1967Canadapenny to your friends list Get a Link to this Reply

Quote:
You wouldn't like it if we exported all of our quarters to your country.


I would! but then again I can see why it wouldn't be reciprocated, your coins are way cooler!
Pillar of the Community
DoubleEagle20's Avatar
United States
1748 Posts
 Posted 12/13/2013  9:53 pm  Show Profile   Bookmark this reply Add DoubleEagle20 to your friends list Get a Link to this Reply
If we want to save even more money...make sure the amount of $1 coins matches the amount of $1 notes in circulation and eliminate the $1 and $2 notes together. Let the $1 coin do the work on increments less than five.

Just wait until the plating starts wearing off your coins and they start to rust, Libertad lol.
Edited by DoubleEagle20
12/13/2013 10:04 pm
Moderator
Learn More...
jbuck's Avatar
United States
188052 Posts
 Posted 12/13/2013  11:15 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If the one dollar "coins" were going to take hold with the general public don't you think it would have happened by now?
The one dollar coins will take hold the day after they discontinue the one dollar note.
Bedrock of the Community
DVCollector's Avatar
United States
10045 Posts
 Posted 12/13/2013  11:28 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
It's a no-brainer.
Pillar of the Community
justin3651's Avatar
United States
621 Posts
 Posted 12/14/2013  02:48 am  Show Profile   Bookmark this reply Add justin3651 to your friends list Get a Link to this Reply
"You wouldn't like it if we exported all of our quarters to your country."
bit of an overstatement I bet its a very small percentage of minted US coins that end up in Canada in circulation. To answer the question itself though, not all of them but I'd love to see more Canadian coinage in circulation in the us. I like and keep all foreign coins I find. The only downside to me is the false alarms when looking through rolls of US coins for silver.

  Previous TopicReplies: 12 / Views: 1,932Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.35 seconds to rattle this change. Forums