Government May Replenish Rare $2 Bills

Yahoo! ^ | Thursday, Jun 12, 2003 | JEANNINE AVERSA, Associated Press Writer

[The KG9 Kid]

"... Being consecutively numbered they will have a much greater value for my grandchildren when they graduate from high school 15 years from now as I have informed my son that these become their graduation presents. Hope I have guessed correctly."

They're worth less than they were worth last week. Sorry.

[Eric in the Ozarks]

Years ago I was involved in a small mining venture and our company wanted to show the impact of our payroll in the community. With a month's notice to the staff and with their permission, we paid $100 (50 $2 bills) of their weekly pay in cash. Grocery stores and gas stations got most of these bills and used them to make change. The $2 bill impact spread over two states and more than a dozen banks. We made our point.

[joesnuffy]

I think they should print up a Three Dollar Bill
and put Barney Franks or Richard Simmons face on it

[RightWhale]

There's an old story, possibly apocryphal

This is done at many military base towns now and then. There was a flood of $2 bills here about 1978 from Ft Wainwright. They should do it again anyway, even though Fairbanks is well aware of the presence of the military.

[The KG9 Kid]

I'd like America to have a $500 bill in public circulation, but we have this 'War On Drugs' we have to win. Can't let people walk around with large amounts of cash, you know. Tends to make Uncle Sam mad if you're able to spend so freely.

You can always buy 500 Euro notes, you know.

[Willie Green]

How about eliminating pennies and nickels and replacing them with a 2 cent coin. All prices would round to the next even amount. There would still be no need for more that 4 of the smallest coins in change (same as now). The dollar coin would have a place in cash registers and the two dollar bill would have a place as well.
The government wouldn't need public support. They could just do it.

Sounds good to me. Inflation has really taken a toll on the various denominations in which our coins are issued. But I believe it DOES require an act of Congress to authorize a change, and none of those morons have the common sense to propose such an adjustment.

But there is precedent for coins in denominations other than what is in current use.
Half Cents were minted from 1793~1857
Two Cent pieces from 1864~1873
Three Cent Pieces 1851~1889
and Twenty-Cent Pieces 1875-1878

Of course, there are also various gold coins in 1, 2½, 3, 4, 5, 10, 20 and 50 dollar denominations. (source)

[Hatteras]

"No one knows exactly why, but some blame the human tendency to make a keepsake of an oddity."

Actually, I know the reason. It's my crazy old aunt. She still sends me one crisp $2 bill every year for my birthday. Worse yet, I still HAVE them all!

[IYAS9YAS]

Okay, here's my $1 coin suggestion. On the front: a map of the United States. On the back, the signing of the Declaration of Independence.

[TheBattman]

Kind of reminds me of an old cure for parasites in an aquarium....just drop a penny or two in the tank....Copper is a great parasite killer. Unfotunately, I had a penny drop in my tank a couple of years back on accident - it took 4 days for the penny to disappear! It just sort of errupted after 36 hours......

Zinc...what a lovely metal...

[Prof Engineer]

ping

[spartak]

Assuming your 2-dollar bills are nice and uncirculated, they are worth about 4.00 apiece as collector items. if they have the building on the back, the pre-1976 issue, they are worth a lot more. Consecutively numbered bills also bring an extra premium, if for example you sold ten at a time at an auction.

[Henrietta]

"Europe has a coin that's worth three dollars or so (2.5 Eu face value)"

There is no 2.5 Euro coin. The only denominations are 1 Cent, 2 Cent, 5, 10, and 50 Cent, 1 Euro and 2 Euro.

[Fraulein]

I vote to keep the penny. Why should I round up?

[1Old Pro]

Isn't hillary pushing for a $3?

[b-cubed]

I knew a woman (and she wasn't a blond) who saved $2 bills for years.

When she had about $500 worth she started getting a little worried about having them around the house so she deposited them in a savings account.

She wanted to keep them in a safe place so she could give them to her son when he graduated from high school.

This a true story.

[Cable225]

Think about it: You go and buy a candy bar and it costs 13 cents. You give the guy a dime and two two-cent pieces. Well, you need one-cent in change. If there's no penny, how do you do that?

More importantly, where do you buy a candy bar for 13 cents? All my candy bars cost a buck!

[zeugma]

Here's what they need to do:

1. Get rid of the $1 bill.
2. Get rid of the penny.
3. Mint lots more $1 coins
4. Print more $2 bills.

One of the main objects to widespread use of the $1 coin both when the SBA and the Sach were introduced is that they would require a major redesign of cash registers nation-wide. Dropping the penny would get rid of this objection, as all coins would just move over one slot.

Pennies are useless anyway. Is there anything you can actually buy with a single penny?

Personally, I like dollar coins, but I haven't been thrilled with the design of either of the newer ones. I use them when I can though.

$1 bills have too much velocity within the economy to last very long. $1 coins would last much longer, thus save the treasury significanty in the long run.

[Knightsofswing]

IHMO, I think that we should go back to gold & silver! The money crap we are using in not worth the linen it is printed on!

[Willie Green]

One of the main objects to widespread use of the $1 coin both when the SBA and the Sach were introduced is that they would require a major redesign of cash registers nation-wide. Dropping the penny would get rid of this objection, as all coins would just move over one slot.

Ever notice that the coin trays in a cash register are usually removable with an additional storage compartment underneath?
It'd be pretty easy and inexpensive to replace with another tray with a different number of slots.
Fewer cash registers would truly need to be redesigned as opposition lobbyists claim.