Ever wonder why there are quarter coins in circulation but no $25 bills &
KollectorKing
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there are $20 bills but no double dimes 
I'm clueless...can anyone offer a clue?
1
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We have Quarter dollars and not 20 cent pieces because the Spanish 2-Real (1/4 of a dollar) was prominent in circulation when they decided on the denomination. We had a dime because we decided on the decimal system for our money. Dimes were short-bits - being smaller than the 1-Real "Bit" which was 12-1/2 cents (1/8 of a dollar). The $20 bill was chosen because the $20 Double Eagle was being struck at the time they began to be issued.
Goofed up my response.
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What we have, as Rick says, is interesting for its raison d'etre. But what we should have is money in practical denominations.
A $25 bill would do just fine and obviate the need for a $50 one. We could get by nicely with a $1 and $5 coin, and a $25 and $100 bill. But it won't happen.
Lance.
I guess bc I don't pay for lap dances w coins?
I find it interesting the issues some people think of.... and that have never occurred to me.... I am just a mellow guy I guess and tend to go with the flow.....hmmmm...my wife was looking over my shoulder as I typed and said "You are delusional."....
Oh well.... Cheers, RickO
Twenties are a workhorse denomination and there is really no need to issue a competing bill. If a $25 bill were in circulation, there would be no need for a $20.
I knew it would happen.
No. like rickO I go with the flow and I have too many other more important issues on my mind.
You might have asked, why haven't there ever been an $2.50 notes? There was a $2.50 gold piece for many years. The $2.50 was really an extension of the quarter dollar concept. The 25 cent piece was 1/4 of a dollar and the quarter eagle was 1/4 of an eagle or $10 gold piece which was the base amount for the gold coinage.
The reason is that the quarter eagle ($2.50) was never popular. The mint system did produce the coin consistently year after year, but the mintages were often low, and the coin never really "caught on." It was too much money for the average person to carry every day, yet it was too small and inconvenient for businesses to use to settle financial obligations.
When I was working for the Allied Chemical Company in the 1970s, a co-worker, who worked for the company for 52 years when he retired, told me a story. One day when he was young accountant, the bosses called them in to a room. There on the table was a big stack of $2.50 gold pieces. The men were asked to count them.
Wouldn't you have enjoyed to opportunity to have gone though those coins, in the 1920s, to have seen what was in that group?
My thought process in asking is:
.01 then $1.00
.05 then $5.00
.10 then $10.00
1.00 then $100.00
$5.00 then $50.00
$50.00 then $500.00
$100 then $1000
Why not .25 then $25.00?
If starting from scratch with a new system, then I'd agree with you, except perhaps using .20 and $20 instead of .25 and $25. Our coinage is based on fractions of dollars and eagles that were compatible with the existing fractions of the Spanish milled dollar, and then multiples of eagles once the gold rush started. The first $20 bill came later.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
The only logical reason lies with the number of slots in a cashier's drawer. Another would be having the common sense of limiting the number of bills to get a total, adding just one bill rather than having to add two or 3 bills.
For example; 10 + 5 = 15 but 5 + 5 + 5 = 15 becomes 3 bills which is what they wanted to avoid.
But let's add a $15 AND $25 bill to the additions below but keep them to 3 bills eliminating all one dollar bills.
5 + 5 = 10 or
10 = 10
5 + 5 + 5 = 15
10 + 5 = 15
15 = 15
10 + 5 + 5 = 20
10 +10 = 20
15 + 5 20
20 = 20
10 + 10 + 5 = 25
15 + 5 + 5 = 25
15 + 10 = 25
20 + 5 = 25
25 = 25
10 + 10 + 10 = 30
15 + 15 = 30
20 + 5 + 5 = 30
20 + 10 = 30
25 + 5 = 30
20 + 10 + 5 = 35
20 + 15 - 35
20 + 20 = 40
20 + 20 + 5 = 45
20 + 20 + 10 = 50
25 + 25 = 50
50 = 50
As you can see, the 5, 10, and 20 appear many more times than the 15 or 25 so they were not practicable bills to be printed.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I've sometimes thought that the BEP should make "collector" notes of various designs in the $25 denomination.
I drew this by hand using ball-point pens in 1981 (pre Boggs).
Not a great work, but I have improved since then, fortunately.
But you missed some:
15 + 10 + 5 = 30
15 + 15 + 5 = 35
25 + 5 + 5 = 35
25 + 15 = 40
15 + 15 + 10 = 40
20 + 15 + 5 = 40
25 + 10 + 5 = 40
25 + 20 = 45
15 + 15 + 15 = 45
25 + 15 + 5 = 45
20 + 15 + 15 = 50
25 + 15 + 10 = 50
25 + 20 + 5 = 50
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Not really and thanks. Most folks are still challenged with sorting plastic, tin cans and cardboard alone with having a hundred ways to make change for a $50.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
We use the decimal system because we have 10 fingers.
The real answer is that it's a government operation!
Great transactions with oih82w8, JasonGaming, Moose1913.
Cher looked pretty good back in '81. I think she was only in her 60's at that time.
Great transactions with oih82w8, JasonGaming, Moose1913.
I wish I could draw like that.