On 2010.08.16 12:59:00, U.S. Metric Association wrote:
Subject:
[USMA:48382] RE: US $1 coins
From:
"John Frewen-Lord" <[email protected]>
Date:
Mon, 16 Aug 2010 06:59:29 +0100
To:
U.S. Metric Association <[email protected]>
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......
Interestingly, Canada based its C$1 coin (first released in 1987, C$1 notes
were discontinued in 1989) on the USA's 'small' $1 coin, first released in
1979. The USA did the basic size, etc research with then, Canada simply
corrected the USA's mistakes. Canada then released its C$2 coin with a
'flash' cutover from C$2 notes in Feb, 1996.
In 1977, Frank Gasparro, the USMint's master engraver, produced some
*GORGEOUS* patterns for what ultimately became the USA's 'small' $1 coin - a
multi-sided brass coin with a nice Liberty head/cap design on the obverse and
an eagle on the reverse. THEN, the late 1970s USA Congress (remember that
Jimmy Carter was President then), and especially our own Senator William
Proxmire (D-WI), got its hands on it....
<Sigh....>
-----------------------
Oh yea, as for paying those fine women at the 'gentlemens'' club? STOP BEING
SO G-D *CHEAP*!!!! Use $5s, you'll be amazed at how much and how fast the
quality of their performances improve!
:-D
--
___________________________________________ ____ _______________
Regards, | |\ ____
| | | | |\
Michael G. Koerner May they | | | | | | rise again!
Appleton, Wisconsin USA | | | | | |
___________________________________________ | | | | | | _______________
