Regarding the comment (by Cartleton I think) about which US$1 he preferred. For everything below the $1, Canada's and the US's coins (quarters, dimes, nickels, cents) are more or less interchangeable. I have no idea who was first, but likely it was the US, and Canada, always happy to adopt someone else's good idea, followed suit.
So why doesn't the US, in this particular instance, follow Canada's design for the now long-standing $1 coin? Let me guess........... John F-L ----- Original Message ----- From: John M. Steele To: U.S. Metric Association Sent: Monday, August 16, 2010 1:17 AM Subject: [USMA:48381] RE: US $1 coins 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......
