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Long time no post. Get this, the $2 Bill will be redesigned with the next generations of currency redesigns
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Drago the Wolf
Feb 10, 2012, 4:31:19 PM2/10/12
to
Hey,
You all know me for wanting to get redesigned half dollar coins,
redesigned $2 bills, reissued $500 and $1,000 bills and issued $200
bills.
Well, even though it likely wasn't due to my part, the $2 bill IS
getting a redesign, the next time the currency gets redesigned, due to
the fact that the Treasury MUST redesign ALL denominations, EXCEPT the
$1 bill, to be more accessible to the blind and visually impaired, and
I confirmed it with a few BEP officials and Federal Reserve officials
that the $2 bill IS included in the next redesign for those reasons.
Another thing is that, from what I heard, the current new $100 bill
will likely be released in 2013, due to the fact that that the Fed
stated that they will give a six months' notice for its release, and
the next redesign with start, following the new $100's release. And
also, the Fed is ordering a print run of $2 bills just large enough to
last until 2014, which is probably when the first redesigned
denomination of the next currency redesign will come out, and my guess
is because, just like how they had to mint more SBA Dollar coins in
1999 before the Sac Dollar Coin came out in 2000, to meet the demand
for dollar coins, until the new design was ready to be released, I am
betting that the BEP will print enough current style $2 bills to meet
the demand, until its new design is ready to come out.
I can't wait to see what they do to the $2 bill. I told a person at
the BEP, that the new $2 bill should be released at the same time as
the next new $5 bill, so that the vending and self checkout companies
can reprogram for both denominatrions (which the vending industry
agreed with), while they've got their machines taken apart to
reprogram their software for new $5s, because, I doubt that they would
take their machines apart just for a rarely seen denomination like the
$2, however, if they do reprogram machines to accept the new $2s, then
maybe they will circulate better. I have also been hearing that the
vendors and self checkout people may have to replace their coin
mechanisms completely, so I reccommended that they have the machines
made and programmed to accept and dispense halves as needed as well,
and the woman I talked to, "claimed" that the government does not want
to print and mint a bunch of different denominations, which I asked,
both the Mint and BEP and they said that that statement was not true,
so I am going to try talking with the vending industry about oy one
more time before I give up. But of course, I will likely never give
up. Besides that, the woman at the vending place said that people
don't carry $2s and halves, and I told her that the reason for that
was, no vending machines or self checkouts accept or dispense these
two denominations as needed. I explained to her that people would use
these two denominations if machines dispensed them, because people are
not going to just go out of their way to get these two denominations.
But the woman still did not seem too interested. Hopefully I can
convince some of these companies to start accepting and dispensing
these bills and coinds as needed, that would be all that was needed to
get them to circulate again. But for the half dollar, I reccommend a
redesign to make it smaller, in between the nickel and quarter,
nonagon in shape, copper in color, and thicker than all other U.S.
coins, yet still thin enough to fit into coin slots. That way, the new
halves would be distinguishible by touch and looks, and people who
think coins are too heavy, like seniors, might support a half that
weighs less than one quarter, let alone two quarters. The government
would also save money by using less metal(s) to mint smaller halves
and less quarters.
On the $500 bill issue, I was told by a BEP official, to demand $500
bills from my local bank. By "demand" I mean request them from the
bank manager, because the Federal Reserve orders what the regular
banks order, and the regular banks order what the customers order, so,
even though I am just one person, I may give it a go.
You all know me for wanting to get redesigned half dollar coins,
redesigned $2 bills, reissued $500 and $1,000 bills and issued $200
bills.
Well, even though it likely wasn't due to my part, the $2 bill IS
getting a redesign, the next time the currency gets redesigned, due to
the fact that the Treasury MUST redesign ALL denominations, EXCEPT the
$1 bill, to be more accessible to the blind and visually impaired, and
I confirmed it with a few BEP officials and Federal Reserve officials
that the $2 bill IS included in the next redesign for those reasons.
Another thing is that, from what I heard, the current new $100 bill
will likely be released in 2013, due to the fact that that the Fed
stated that they will give a six months' notice for its release, and
the next redesign with start, following the new $100's release. And
also, the Fed is ordering a print run of $2 bills just large enough to
last until 2014, which is probably when the first redesigned
denomination of the next currency redesign will come out, and my guess
is because, just like how they had to mint more SBA Dollar coins in
1999 before the Sac Dollar Coin came out in 2000, to meet the demand
for dollar coins, until the new design was ready to be released, I am
betting that the BEP will print enough current style $2 bills to meet
the demand, until its new design is ready to come out.
I can't wait to see what they do to the $2 bill. I told a person at
the BEP, that the new $2 bill should be released at the same time as
the next new $5 bill, so that the vending and self checkout companies
can reprogram for both denominatrions (which the vending industry
agreed with), while they've got their machines taken apart to
reprogram their software for new $5s, because, I doubt that they would
take their machines apart just for a rarely seen denomination like the
$2, however, if they do reprogram machines to accept the new $2s, then
maybe they will circulate better. I have also been hearing that the
vendors and self checkout people may have to replace their coin
mechanisms completely, so I reccommended that they have the machines
made and programmed to accept and dispense halves as needed as well,
and the woman I talked to, "claimed" that the government does not want
to print and mint a bunch of different denominations, which I asked,
both the Mint and BEP and they said that that statement was not true,
so I am going to try talking with the vending industry about oy one
more time before I give up. But of course, I will likely never give
up. Besides that, the woman at the vending place said that people
don't carry $2s and halves, and I told her that the reason for that
was, no vending machines or self checkouts accept or dispense these
two denominations as needed. I explained to her that people would use
these two denominations if machines dispensed them, because people are
not going to just go out of their way to get these two denominations.
But the woman still did not seem too interested. Hopefully I can
convince some of these companies to start accepting and dispensing
these bills and coinds as needed, that would be all that was needed to
get them to circulate again. But for the half dollar, I reccommend a
redesign to make it smaller, in between the nickel and quarter,
nonagon in shape, copper in color, and thicker than all other U.S.
coins, yet still thin enough to fit into coin slots. That way, the new
halves would be distinguishible by touch and looks, and people who
think coins are too heavy, like seniors, might support a half that
weighs less than one quarter, let alone two quarters. The government
would also save money by using less metal(s) to mint smaller halves
and less quarters.
On the $500 bill issue, I was told by a BEP official, to demand $500
bills from my local bank. By "demand" I mean request them from the
bank manager, because the Federal Reserve orders what the regular
banks order, and the regular banks order what the customers order, so,
even though I am just one person, I may give it a go.
Bremick
Feb 10, 2012, 5:03:44 PM2/10/12
to
"Drago the Wolf" <malanu...@aol.com> wrote in message
news:d6a7e44f-3c5e-4183...@gi10g2000vbb.googlegroups.com...
or half dollars is because vending machines don't take them? Why should
vending machine people spend lots of money to configure their machines to
accept $2 bills when there is little liklihood that this will increase
sales? Hard to picture someone wanting an item from a non-$2 machine but
having only $2 bills and half dollars in his pocket.
Drago the Wolf
Feb 10, 2012, 7:27:25 PM2/10/12
to
> Drago, do you *really* believe that the reason people don't carry $2 bills
> or half dollars is because vending machines don't take them? Why should
> vending machine people spend lots of money to configure their machines to
> accept $2 bills when there is little liklihood that this will increase
> sales? Hard to picture someone wanting an item from a non-$2 machine but
>
> - Show quoted text -
I just believe that these two denominations SHOULD be dispensed from
machines so that people are, well (here that big bad "f word" comes,
and its not "fuck") "forced" to use them. They did the same thing with
dollar coins in stamp machines for a while, but no one continued to
carry that coin because there is a $1 bill, however, there is NO $2
coin or $0.50 bill circulating, which would only make sense to get $2
bills and halves circulating. More sense, in fact, than trying to get
dollar coins circulating (unless they ever get rid of the $1 bill) I
believe people would adopt $2 bills and halves better than they would,
dollat coins.
Bremick
Feb 10, 2012, 7:54:38 PM2/10/12
to
news:45f8be48-b0f6-4d4e...@l1g2000vbc.googlegroups.com...
---------------------
I think you're expecting too much from the vending machine people. It's
not their job, or even in their interest, to "force" consumers to use $2
bills and half dollars. Several attempts have been made to "force"
consumers to use dollar coins, and we've seen how that worked out. The
expense involved to modify vending machines to accept AND dispense these two
denoms would not likely be cost-effective. I presume vending machines
currently are configured mechanically to make them as profitable as
possible. I could see more widespread use of plastic and even handheld
devices before a $2 bill modification will ever be considered for vending
machines.
I think you're expecting too much from the vending machine people. It's
not their job, or even in their interest, to "force" consumers to use $2
bills and half dollars. Several attempts have been made to "force"
consumers to use dollar coins, and we've seen how that worked out. The
expense involved to modify vending machines to accept AND dispense these two
denoms would not likely be cost-effective. I presume vending machines
currently are configured mechanically to make them as profitable as
possible. I could see more widespread use of plastic and even handheld
devices before a $2 bill modification will ever be considered for vending
machines.
Drago the Wolf
Feb 10, 2012, 9:25:46 PM2/10/12
to
>
> I think you're expecting too much from the vending machine people. It's
> not their job, or even in their interest, to "force" consumers to use $2
> bills and half dollars. Several attempts have been made to "force"
> consumers to use dollar coins, and we've seen how that worked out. The
> expense involved to modify vending machines to accept AND dispense these two
> denoms would not likely be cost-effective. I presume vending machines
> currently are configured mechanically to make them as profitable as
> possible. I could see more widespread use of plastic and even handheld
> devices before a $2 bill modification will ever be considered for vending
> machines.
Well, self checkouts are a little different though. I think that those
> I think you're expecting too much from the vending machine people. It's
> not their job, or even in their interest, to "force" consumers to use $2
> bills and half dollars. Several attempts have been made to "force"
> consumers to use dollar coins, and we've seen how that worked out. The
> expense involved to modify vending machines to accept AND dispense these two
> denoms would not likely be cost-effective. I presume vending machines
> currently are configured mechanically to make them as profitable as
> possible. I could see more widespread use of plastic and even handheld
> devices before a $2 bill modification will ever be considered for vending
> machines.
machines should accept ALL coin and currency denominations. After all,
self checkouts accept pennies, while vending machines do not, and
(some) self checkouts accept, but do not dispense $2 bills, so I was
wondering if they could or would reprogram for the new design to
accept and maybe even dispense them as needed, and the coin slot fits
halves comfortably, which leads me to think that it would not take
much retooling for the self checkouts to accept and dispense halves.
Once people started getting them in change, they would start to
circulate in larger numbers. I talked to one vending guy who said that
he would really have no problem with retooling for $2s and halves, but
that, unfortunately, he does not call the shots, and when he
transfered me to a guy that did call the shots, the jerk told me "Go
back to school, and learn to become a heating and cooling technition.
That job will always be in demand" The idiot just basically gave me
the brush off. But one self checkout guy told me that a million
dollars or two, would entertain the idea of getting his self checkouts
to accept and dispense both $2s and halves, but I am no millionaire.
Far from it. Guess I know what I am doing with that million dollar
lottery if I ever hit it. LoL
Jud
Feb 12, 2012, 7:24:45 PM2/12/12
to
On Feb 10, 4:31 pm, Drago the Wolf <malanutt4l...@aol.com> wrote:
> On the $500 bill issue, I was told by a BEP official, to demand $500
> bills from my local bank. By "demand" I mean request them from the
> bank manager, because the Federal Reserve orders what the regular
> banks order, and the regular banks order what the customers order, so,
> even though I am just one person, I may give it a go.
I may be wrong, but I believe that banks are required to send $500
> On the $500 bill issue, I was told by a BEP official, to demand $500
> bills from my local bank. By "demand" I mean request them from the
> bank manager, because the Federal Reserve orders what the regular
> banks order, and the regular banks order what the customers order, so,
> even though I am just one person, I may give it a go.
bills BACK to the Treasury to be destroyed, and that you CAN'T get a
$500 bill from the bank. This may be due to the drug dealers, but
again, not sure. What I do know is that you can demand/request a $500
from now till the cows come home, and you ain't gonna get one.
Ken Barr
Feb 12, 2012, 8:07:23 PM2/12/12
to
In article
<5db70a33-2612-4944...@z31g2000vbt.googlegroups.com>,
They are most likely shredded right at the Federal Reserve Bank regional
currency processing centers. The automated counting/sorting machines
there automagically shred notes deemed as "unfit for recirculation" by
the sensors (generally due to excessive wear, writing or damage), and
I'm sure that ALL $500's and $1,000's are defined to be in that category.
If you ever get a chance to visit one of the Federal Reserve Banks for
their public tours, I'd recommend it -- they are quite a hoot!
From the Treasury website:
# On July 14, 1969, David M. Kennedy, the 60th Secretary of the
# Treasury, and officials at the Federal Reserve Board announced
# that they would immediately stop distributing currency in
# denominations of $500, $1,000, $5,000 and $10,000. Production of
# these denominations stopped during World War II. Their main
# purpose was for bank transfer payments. With the arrival of
# more secure transfer technologies, however, they were no longer
# needed for that purpose. While these notes are legal tender
# and may still be found in circulation today, the Federal
# Reserve Banks remove them from circulation and destroy them
# as they are received.
From
http://www.treasury.gov/resource-center/faqs/Currency/Pages/denominations
.aspx
--
Ken Barr Numismatics email: k...@kenbarr.com
P. O. Box 32541 website: http://www.kenbarr.com
San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 NEXT SHOW: Cupertino Coin Club, Napredak Hall, February 19
<5db70a33-2612-4944...@z31g2000vbt.googlegroups.com>,
currency processing centers. The automated counting/sorting machines
there automagically shred notes deemed as "unfit for recirculation" by
the sensors (generally due to excessive wear, writing or damage), and
I'm sure that ALL $500's and $1,000's are defined to be in that category.
If you ever get a chance to visit one of the Federal Reserve Banks for
their public tours, I'd recommend it -- they are quite a hoot!
From the Treasury website:
# On July 14, 1969, David M. Kennedy, the 60th Secretary of the
# Treasury, and officials at the Federal Reserve Board announced
# that they would immediately stop distributing currency in
# denominations of $500, $1,000, $5,000 and $10,000. Production of
# these denominations stopped during World War II. Their main
# purpose was for bank transfer payments. With the arrival of
# more secure transfer technologies, however, they were no longer
# needed for that purpose. While these notes are legal tender
# and may still be found in circulation today, the Federal
# Reserve Banks remove them from circulation and destroy them
# as they are received.
From
http://www.treasury.gov/resource-center/faqs/Currency/Pages/denominations
.aspx
--
Ken Barr Numismatics email: k...@kenbarr.com
P. O. Box 32541 website: http://www.kenbarr.com
San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 NEXT SHOW: Cupertino Coin Club, Napredak Hall, February 19
Jerry Dennis
Feb 13, 2012, 6:26:00 PM2/13/12
to
On Feb 12, 8:07 pm, Ken Barr <k...@kenbarr.com> wrote:
> In article
> <5db70a33-2612-4944-a61a-eaa770c48...@z31g2000vbt.googlegroups.com>,
> http://www.treasury.gov/resource-center/faqs/Currency/Pages/denominat...
back then I went to a bank to ask about getting a $500 or $1,000 bill
(Navy reenlistment bonus in my pocket). The teller said she could
give/trade one to me IF they had any. Procedures at the time required
all damaged/obsolete notes be held in the vault until transferred to
the Federal Reserve. At that time, all bills, be it one or a bundle,
were to be transferred. If I wanted one, I had to check every day.
They weren't allowed to "hold" one for me until I showed up again. I
never did get one.
On a different "note" (pun intended), I did pick up ten crisp silver
certificates from a bank for face value about two years ago.
Apparently, the previous owner got tired of holding them, waiting for
them to be worth mega-bucks.
Jerry
> In article
> <5db70a33-2612-4944-a61a-eaa770c48...@z31g2000vbt.googlegroups.com>,
> .aspx
>
> --
> Ken Barr Numismatics email: k...@kenbarr.com
> P. O. Box 32541 website: http://www.kenbarr.com
> San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
> 408-272-3247 NEXT SHOW: Cupertino Coin Club, Napredak Hall, February 19
I don't know if bank policies have changed since the mid-1970s, but
>
> --
> Ken Barr Numismatics email: k...@kenbarr.com
> P. O. Box 32541 website: http://www.kenbarr.com
> San Jose, CA 95152 Coins, currency, exonumia, souvenir cards, etc.
> 408-272-3247 NEXT SHOW: Cupertino Coin Club, Napredak Hall, February 19
back then I went to a bank to ask about getting a $500 or $1,000 bill
(Navy reenlistment bonus in my pocket). The teller said she could
give/trade one to me IF they had any. Procedures at the time required
all damaged/obsolete notes be held in the vault until transferred to
the Federal Reserve. At that time, all bills, be it one or a bundle,
were to be transferred. If I wanted one, I had to check every day.
They weren't allowed to "hold" one for me until I showed up again. I
never did get one.
On a different "note" (pun intended), I did pick up ten crisp silver
certificates from a bank for face value about two years ago.
Apparently, the previous owner got tired of holding them, waiting for
them to be worth mega-bucks.
Jerry
sgt23
Feb 17, 2012, 3:25:52 AM2/17/12
to
five-hundred dollar bills back in cash when she cashed a income-tax
check back in the early, near mid 1990's. I'm not sure if they were
worth whole lot back then or not? Maybe one of you can fill me in on
that part. I just figured it was kind neat that I remember seeing
them. It also makes me wonder who would be desperate enough too cash
them in when you could get a lot more from selling even at a pawn shop
or coin dealer. I guess my mother was, but she knew nothing about
numismatics.
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