Comments on: Is US Currency Illegal? http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/ Your Money. Your Career. Your Life. Fri, 21 Nov 2008 09:26:44 +0000 http://wordpress.org/?v=abc By: Carnival of Personal Finance #154 « Cayman Alteri’s Weblog http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-9044 Carnival of Personal Finance #154 « Cayman Alteri’s Weblog Mon, 02 Jun 2008 20:14:07 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-9044 [...] Cash Money Life presents Is US Currency Legal? [...] [...] Cash Money Life presents Is US Currency Legal? [...]

]]> By: Carnival of Personal Finance #154 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8883 Carnival of Personal Finance #154 Mon, 26 May 2008 17:42:40 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8883 [...] Cash Money Life presents Is US Currency Legal? [...] [...] Cash Money Life presents Is US Currency Legal? [...]

]]> By: Mark @ TheLocoMono http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8846 Mark @ TheLocoMono Fri, 23 May 2008 00:23:46 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8846 I agree, it is really simple as changing the size of the bills. Until the time comes when every financial transaction is done with the scan of a fingerprint, it will always be an expense to maintain paper/coin currencies I like the thought about the investing in companies that make the tills for the bills. Great thought, David. Great post, Patrick. I never have seen an Euro or an Australian so you really put this into a visual perspective. I agree, it is really simple as changing the size of the bills. Until the time comes when every financial transaction is done with the scan of a fingerprint, it will always be an expense to maintain paper/coin currencies

I like the thought about the investing in companies that make the tills for the bills. Great thought, David.

Great post, Patrick. I never have seen an Euro or an Australian so you really put this into a visual perspective.

]]> By: Patrick http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8831 Patrick Thu, 22 May 2008 00:32:37 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8831 Looby, I think polymer notes should be used - they are less likely to be forged and they last longer. I think the main reason the currency has not been changed though is because of the initial cost. It would probably costs billions to change the currency, run ad campaigns for the general public etc. That's not saying the US doesn't already spend that much money on fighting counterfeit bills on a regular basis, but politicians can be obtuse sometimes. I think different sizes and colors would be a great solution. Looby,

I think polymer notes should be used - they are less likely to be forged and they last longer. I think the main reason the currency has not been changed though is because of the initial cost. It would probably costs billions to change the currency, run ad campaigns for the general public etc. That’s not saying the US doesn’t already spend that much money on fighting counterfeit bills on a regular basis, but politicians can be obtuse sometimes.

I think different sizes and colors would be a great solution.

]]> By: Patrick http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8830 Patrick Thu, 22 May 2008 00:32:11 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8830 Debtdieter, I think the Aussie money is awesome, and I highlighted it because I think the US should use it as a basis for a new currency. The current versions in use are too easily forged and not user friendly. Debtdieter,

I think the Aussie money is awesome, and I highlighted it because I think the US should use it as a basis for a new currency. The current versions in use are too easily forged and not user friendly.

]]> By: Looby http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8829 Looby Thu, 22 May 2008 00:04:28 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8829 I agree with FatherSez, I've always had trouble with US notes when I travel. I've just had to check(!) and although Canadian bills are all the same they are completely different colours. In Northern Ireland we had the polymer £5 notes, they are much better than paper money in my opinion, especially because people on the mainland were always willing to buy them for up to £10 when I went to Uni! I have to disagree with Llama though, I'm not a huge fan of most PC initiatives but there is no earthly reason why visually impaired people should have their independence impeded when it is well within the Treasury's ability to roll out a new version. Let's face it, this case has been in the courts for 6 years, the original ruling is 2 years old, if they had just accepted it the new currency could have been in effect already. I agree with FatherSez, I’ve always had trouble with US notes when I travel. I’ve just had to check(!) and although Canadian bills are all the same they are completely different colours.
In Northern Ireland we had the polymer £5 notes, they are much better than paper money in my opinion, especially because people on the mainland were always willing to buy them for up to £10 when I went to Uni!
I have to disagree with Llama though, I’m not a huge fan of most PC initiatives but there is no earthly reason why visually impaired people should have their independence impeded when it is well within the Treasury’s ability to roll out a new version. Let’s face it, this case has been in the courts for 6 years, the original ruling is 2 years old, if they had just accepted it the new currency could have been in effect already.

]]> By: debtdieter http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8825 debtdieter Wed, 21 May 2008 21:05:04 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8825 As an Aussie I can vouch for our colourful plastic money and our 1 & 2 dollar coins. I can't imagine having all my money the same size & colour. Can't say I go swimming with money in my pocket, but it's nice to know I can. Our dollar is almost on parity with the US dollar these days, which also comes in handy for us. As an Aussie I can vouch for our colourful plastic money and our 1 & 2 dollar coins. I can’t imagine having all my money the same size & colour.

Can’t say I go swimming with money in my pocket, but it’s nice to know I can.

Our dollar is almost on parity with the US dollar these days, which also comes in handy for us.

]]> By: WealthBoy http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8824 WealthBoy Wed, 21 May 2008 19:23:33 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8824 Very interesting article. I almost never use bills these days since I can use my cash-back credit card for just about everything. I suppose a similar ruling probably won't happen for credit cards because any fraudulent charges can be reversed with relative ease. Very interesting article. I almost never use bills these days since I can use my cash-back credit card for just about everything. I suppose a similar ruling probably won’t happen for credit cards because any fraudulent charges can be reversed with relative ease.

]]> By: Mrs. Micah http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8823 Mrs. Micah Wed, 21 May 2008 19:16:51 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8823 That should be interesting. I wouldn't mind prettier bills. And I still have to check the cash I work with at the library to make sure I have the right denomination (except the new and slightly colorful ones). They look awfully similar and I don't want to unbalance my register. That should be interesting. I wouldn’t mind prettier bills. And I still have to check the cash I work with at the library to make sure I have the right denomination (except the new and slightly colorful ones). They look awfully similar and I don’t want to unbalance my register.

]]> By: Jarhead http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8821 Jarhead Wed, 21 May 2008 19:10:09 +0000 http://cashmoneylife.com/2008/05/21/counterfeit-us-currency-illegal/#comment-8821 The government always says the reason that we do not use dollar coins is becasue the public will not accept it. Well if they were to stop printing the dollar bills the public would have to conform. Why are they so hell bent on trying to appease everyone. People are creatures of habit and do not readily make change on their own. We are also very adaptable so when faced with something different we can adapt and continue on without any problems. Just my thoughts. The government always says the reason that we do not use dollar coins is becasue the public will not accept it. Well if they were to stop printing the dollar bills the public would have to conform. Why are they so hell bent on trying to appease everyone. People are creatures of habit and do not readily make change on their own. We are also very adaptable so when faced with something different we can adapt and continue on without any problems. Just my thoughts.

]]>