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2001-12-31
They can replace the 1 $ bill in printing
with the 2 $ bill. One of the excuses of not wanting a coin is that to
make change for a 5 $ bill a person would end up with 5 heavy coins. Not
true if the 2 $ bill is included. Then you can have any
combination of coin and paper. From 5 coins if needed, to one coin and 2
bills.
There is always a sensible way to accomplish a
something. But, the Americans can't seem to do it. We always have an
excuse. Sooner or later, we are going to excuse ourselves into a third
world country.
Another advantage of the 2 dollar bill, is it would
supplement the 1 $ coin until there is enough 1 $ coins to equal the amount
of 1 $ bills in circulation.
John
----- Original Message -----
Sent: Monday, 2001-12-31 00:11
Subject: [USMA:16985] Re: Coins (on
topic?)
In a message dated
2001-12-30 18:06:32 Eastern Standard Time, [EMAIL PROTECTED]
writes:
Could be. The worst way to try and get rid of the $1 bill
in the US and
convert to a coin would be to make an announcement, many
months
in advance and hype up to it. It has to be done quietly if
it is to have
any
type of success.
On the other hand, the one
dollar bill may not have been redesigned
because it is not heavily
counterfeited.
Both may be true, except there is a new
version of the $1 bill with the current (Bush II) Secretary of the Treasury on
it. So they are still being made.
The stealth method would be to
stop making new $1 bills and, as the old ones are returned to banks as
worn-out (lifetime averages 18 months), coins are shipped out
instead.
But a real problem is with the unions representing the
employees at the Bureau of Engraving and Printing. The $1 bill is a huge
proportion of their volume, which means it's a huge proportion of their
employment. Remember that Congress doesn't like unhappy constituents,
and listens to the whiners ...
so the $1 bill is basically a make-work
program.
The collector problem would go away if the coin were more
widely used. But they HAVE to get rid of the $1 bill or it's just more
waste.
Carleton
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