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 Replies: 15 / Views: 2,507 |
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Bedrock of the Community
 United States
12817 Posts |
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Pillar of the Community
United States
4637 Posts |
I think the sum of almost 180 million of the deuces will last for quite a long time considering how often you see them in commerce.
Thanks for posting CK.
Edited by SteveInTampa
09/04/2016 07:24 am
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Bedrock of the Community
United States
94367 Posts |
Never have been able to figure the commitment to the deuces. At one point, with the US Notes, it may have been part of a statutory requirement, but the ongoing flood of FRNs has never made any sense.
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Valued Member
United States
343 Posts |
Another step toward cashless society.
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Bedrock of the Community
 United States
12817 Posts |
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Another step toward cashless society. Not going to happen in our lifetimes, and you know it. Unless you are the Highlander. Quote:
Never have been able to figure the commitment to the deuces. At one point, with the US Notes, it may have been part of a statutory requirement, but the ongoing flood of FRNs has never made any sense. Deuces are much more aesthetically pleasing than their $1 paper counterparts. And more useful, if we would just stop printing so many of the darned $1 notes and switch to $1 coins like the rest of the world has. |
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Pillar of the Community
United States
4637 Posts |
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Deuces are much more aesthetically pleasing than their $1 paper counterparts. And more useful, if we would just stop printing so many of the darned $1 notes and switch to $1 coins like the rest of the world has. Agree with the first part, especially the back of the $2. I personally haven't carried coins in my pocket for several decades, and haven't seen a coin pocket in a modern wallet in ages. Maybe the rest of the world love'em, but 'Mericans have a love of paper money, and I seriously doubt Presidential coin dollars will ever get much use. I don't even have a slot in my cash drawer for them. |
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Pillar of the Community
United States
666 Posts |
And here I thought they had stopped making $2 bills. Shows ya what I know.  I've always like the TJ (that's what we called them back in the day when I worked as a bank teller), and I do my best to contribute to Project 50K - Circulating two dollar bills again.  |
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Pillar of the Community
United States
1654 Posts |
Why were they making them at all?
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Pillar of the Community
United States
666 Posts |
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Why were they making them at all? Well, you see, there are these crazy coin collector types who go to banks and request two-dollar bills, and then go spend them--and the poor retailers have to accept the funky old things because they are legal tender--and so it gives the appearance that people actually use the darn things...  Humor aside, you do ask a good question. Someone from one of the numismatic magazines should ask the U.S. Mint. It would be interesting to hear what they say. Edited by dd27
09/05/2016 12:04 pm
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Pillar of the Community
United States
917 Posts |
I wonder if it would have anything to do with a large number of U.S. Notes entering circulation during the recession? I'd imagine people who hoarded them spent them when they really needed money and when the bills re-entered the Federal Reserve's channels, those notes were destroyed. As a result, new $2 bills were needed to replace them.
Related to the topic at hand, a bank teller heard that no $2's were being printed for 2017. She thought they were being discontinued permanently. Luckily, I have the linked article in this thread to show that just for 2017, no new $2s will be printed, but they'll be printed again once the supply dwindles low enough.
Edited by SilverRoosevelt
09/17/2016 6:00 pm
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Pillar of the Community
United States
4409 Posts |
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Someone from one of the numismatic magazines should ask the U.S. Mint. It would be interesting to hear what they say. The US Mint when asked would likely say to the person asking the question that the US Mint only produces coinage and that currency production is handled by the Bureau of Engraving and Printing. A retailer can refuse to take a $2 bill even though it is legal tender. Just like some stores have a policy of not taking $100's. |
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Bedrock of the Community
United States
94367 Posts |
Really? Does this have to be posted, like "no shoes, no service"?  |
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Rest in Peace
United States
1380 Posts |
Yes, it has to be posted.
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Bedrock of the Community
United States
94367 Posts |
 OK, so why would any business want to turn away customers with legit $2 and $100 bills? |
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Bedrock of the Community
United States
12817 Posts |
For $100s, it's definitely avoiding the risk of counterfeit notes and/or not wanting to have large amounts of cash on hand, especially after hours, to avoid the exposure of robbery/theft/knucklehead-ery.
For $2s, there's no reason to not take them. So what if they don't fit in the drawer. Throw them under the drawer insert where all the checks (that no one should be using for a retail transaction these days) go.
Edited by CelticKnot
09/17/2016 10:49 pm
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Rest in Peace
United States
1380 Posts |
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Throw them under the drawer insert where all the checks (that no one should be using for a retail transaction these days) go. At my shop, I love checks. First preference on being paid is cash, second is checks, last is credit/debit card. I pay about $30,000 a year in credit card fees, and if you don't think that seriously affects me you're nuts. Even though our supposed rate is only 1.5%, in reality it averages over 3.5% with all of the added fees AND with the cards that give points / rebates. It's the merchant that pays those points / miles / rebates, not Mastercard or Visa. Now they are advertising a 10% cash back card, that's going to kill me. So we offer a 2% rebate on all cash or check sales, usable on future transactions. In 11 years, I've only gotten one bad check for $80. Edited by jgfindring
09/19/2016 11:40 am
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Replies: 15 / Views: 2,507 |
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Posted 09/04/2016 5:52 pm
