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Replies: 12 / Views: 1,624 |
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Valued Member
United States
77 Posts |
I've always wondered why the B.E.P. doesn't issue commemorative currency the way the mint issues commemorative coins. Is it a matter of constitutional legality or a matter of technical practicality? I don't know a lot about U.S. paper money, but I've always wondered about this.
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Moderator
 United States
188213 Posts |
An interesting question. 
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Pillar of the Community
 United States
6530 Posts |
There are no stupid questions. Only stupid answers 
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Valued Member
 United States
77 Posts |
If they were to issue commemorative notes I think the $2 denomination would be the most ideal for a few reasons. 1) It's obscure enough to the casual person to be novel enough to get attention. After all how often do you see $2 notes in general circulation anymore. The only way to get them is to ask for them at the bank or order them directly from the B.E.P. 2) Since the denomination isn't being used for general circulation and it's been pretty much relegated to a sort of collector's item anyway, why not release commemorative ones with different designs like they do with coins. And since both the U.S. Mint and the B.E.P are under the authority of the treasury department they could be companion notes to the commemorative coins issued. 3) It's a low enough denomination that anyone could afford to collect them, as long as the surcharge isn't too high.
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Pillar of the Community
United States
2023 Posts |
I'd wager it's a technical limitation, particularly around security/counterfeiting. Paper currency has higher denominations than coins so there is greater potential loss. Coins can be mechanically distinguished by size/weight/conductivity, but paper currency readers rely on different security measures inherent in the design, so different designs are harder for machines to accommodate than with coins.
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Pillar of the Community
United States
4637 Posts |
The BEP primarily does commemorative (collector driven) currency by utilizing the serial numbers. I've got hundreds of $2 notes with serial numbers representing the year of issue. The series date on modern US paper money doesn't change every year, like coins, so having the year of issue incorporated into the serial number is pretty cool. Does the general public actually look at their coins ? It was just a couple of years ago I discovered that the Mint had four different reverse designs on the 2009 Lincoln Cent.
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Bedrock of the Community
United States
94367 Posts |
And I did not know that until reading this post, honestly. 
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Valued Member
179 Posts |
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Moderator
 United States
188213 Posts |
Quote: It was just a couple of years ago I discovered that the Mint had four different reverse designs on the 2009 Lincoln Cent. 
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Bedrock of the Community
 United States
12819 Posts |
Philistines!
I suppose you don't know about the Westward Journey nickels then?!
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Moderator
 United States
188213 Posts |
Quote: I suppose you don't know about the Westward Journey nickels then?! 
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Pillar of the Community
United States
4637 Posts |
Quote: I suppose you don't know about the Westward Journey nickels then?! Just before switching to paper money, I was up late one night watching television and stumbled upon Mike Mezack, who was hawking a pair of the Westward Journey Nickels in ICG PF70 holders. He talked me into them something like 15 years ago.
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Pillar of the Community
 United States
5029 Posts |
Quote: I was up late one night watching television and stumbled upon Mike Mezack, How many lessons learned start with those words.
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Replies: 12 / Views: 1,624 |
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