2001-12-30 They never planned to redesign the dollar bill. They felt it was of such little value, it wasn't worth changing. No body was going to counterfeit the dollar bill anyway.
When the issue of the dollar coin was being negotiated it was decided that the present level of production of the dollar bill will neither decrease because of the coin nor increase if the demand for dollars would rise. The coin was meant to cover that extra demand should it materialise. I read a few months ago, that because of the declining economy, many people were spending out of their reserve coin collections. As a result the market was being flooded with coins. The mint had to reduce its production of coins being minted and lay off workers. I don't know if this affected the golden dollar coin or not. If the market continues to slow and paper dollar bills are returned to the US in exchange foe Euros, the usage and demand for the coin will dwindle. Unless of course, the government gets some balls and ceases totally the production of one dollar bills. But, I won't hold my breath on that happening. John ----- Original Message ----- From: "Brian J White" <[EMAIL PROTECTED]> To: "U.S. Metric Association" <[EMAIL PROTECTED]> Sent: Sunday, 2001-12-30 12:52 Subject: [USMA:16941] Re: Coins (on topic?) > Well...in response to that, maybe that is exactly what the US Treasury and > Mint have in mind. While I see no direct Golden Dollar promotion anymore, > I also do not see the new design $1 bill. Remember in the past few years, > the new $100, $50, $20, $10, and even the $5 have been released. And it's > been at least 2-3 years since the new $5 came out. Still no new $1 bill. > Does this mean the Treasury and Mint are secretly planning to get rid of > the paper $1 bill? > > Could be. I find it suspicious that they haven't introduced a new style > bill, when all the other bills are new. > B > > At 12:37 12/30/2001 -0500, Stephen Gallagher wrote: > >> It is very disappointing. Somehow between them, the U.S. Mint and the > >> banking system have royally screwed up plans for introducing this coin in > >> the U.S. > >> > >> I trust the Euro coins will do better, starting Tuesday. > >> > > > >They will, because the countries introducing the Euro are doing what > >the US refuses to do. They are taking the old money out of circulation. > >If the US took the one dollar bill out of circulation, the golden dollar > >would come into widespread usage. > > > >Stephen > > > > >
