Will increase in $2 note production affect $1 coins?

Not having seen a $2 note in circulation for a Very Long Time, I was rather surprised to see the $2 note production as high as it is, and climbing. I assume this means these are actually used in commerce somewhere. Do you think either the 50c or $1 coins will become more popular in these areas due to the $2 note's use? With the increase in $2 note production, would Congress be more likely to abandon the $1 notes, inadvertently making the presidollars a success?
John
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
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What if they stop making the $1 bill and only make $1 coins.
But $2 bill production goes way up, basically replacing the $1 bill.
What have we gained in this scenario?
Thats the key, termination of the $1 note.
Dennis
Looking for PCGS AU58 Washington's, 32-63.
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<< <i>I don't know why they would bother with the $2 bill and introduce the same problem with its acceptance. $5 as the lowest paper currency is low enough. I think if they ceased producing $1 bills, the dollar coins would gain acceptance but the $2 note would go nowhere. >>
In Europe, they have 2 Euro coins so it is conceivable to get rid of both the $1 and $2 bills.
But in order to do that the Fed will have to have a fair sized supply of twos on hand. They won't be able to order them and wait while they are printed.
You could give away free ice cream and someone would cry and moan about it...so expect plenty of weeping and griping when this starts happening.
Kno yo buks
I have also used and seen more $2 notes this year than ever before.
<< <i>What if they stop making the $1 bill and only make $1 coins.
But $2 bill production goes way up, basically replacing the $1 bill.
What have we gained in this scenario? >>
$2 bills would last about 50% longer in circulation due to lower velocity. More importantly
the economy would need only about 40% as many with a $1 coin in circulation. Essentially
most of the wear tearing up one dollar bills would be greatly magnified and transferred to
the far more durable $1 coin.
If this happens watch for quarter mintages to plummet and lots of tough states issues. They
probably would end up proof and mint set only.
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<< <i>Yes $2 is a common racetrack wager, but also back turn of the century $2 was also a common fee for the services of a lady of the evening. Another reason for adislike for the $2 bill. >>
That's under fifty bucks, inflation adjusted to today's dollars. Cheap ladies I guess.
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