In point of fact (faq?), the $1 bill outlasts the $5 and $10, and is only slightly less durable than the $20. If the main argument for the $1 coin is durability, we need to get rid of all these, and only have $50 and $100 bills. http://www.moneyfactory.gov/faqlibrary.html What is the average life span of a Federal Reserve Note? The average life span of a Federal Reserve Note varies by denomination: Denomination Life Span $ 1 ............... $ 5 ............... $ 10 ............. $ 20 ............. $ 50 ............. $100 ............ 21 months 16 months 18 months 24 months 55 months 89 months -----------------------------------------
Some time ago Crane had an article on their website, which has now disappeared, They talked about a higher durability paper (but with fewer security featurs) for low denomination bills that are not commonly counterfeited, and a higher security paper (with less durability) for higher denomination bills. Maybe Treasury has quietly introduced more durable $1 bills. Anyway, as you can see, durability of the $1 isn't the problem. They don't publish a figure for the $2, but it is so disliked that it probably lasts forever. ________________________________ From: Jason D Darfus <[email protected]> To: U.S. Metric Association <[email protected]> Sent: Sun, August 15, 2010 7:52:43 PM Subject: [USMA:48379] RE: US $1 coins Your last two points is why we have the $2 bill. If the $1 bill went away, that spot in cash registers would & should be used for $2 bills. THEN you'd never have to receive more than a single $1 coin in change. On 15 Aug 2010, at 18:40, <[email protected]> <[email protected]> wrote: It's three things actually in my mind. > > >1) US Government refusal to stop printing the $1 bill. Certainly this >affects >and new dollar coin contracts given. >2) The US Government's lack of desire to mint a $2 coin in addition. People >don't "like" dollar coins because when they pay with a $5, they don't want 4 >coins back....2 coins back is better...there's your $4. > > >and lastly.... >3) it's hard to put a dollar coin in a g-string. The stripper lobby? :) > haha......
