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from the banknotes-for-discerning-gentlemen dept.
The US Treasury Department says a redesigned $10 note will feature a woman, but who she will be has not been decided. The new note will debut in 2020 to mark the 100th anniversary of the US Constitution's 19th amendment, which gave women the right to vote. The treasury will seek the public's input in the selection, looking for a "champion for our inclusive democracy".
The woman who the Treasury Department ultimately selects will replace Alexander Hamilton, a key figure in the American Revolution and the first secretary of the US Treasury. Hamilton began appearing on the $10 note in 1929. He along with diplomat and inventor Ben Franklin are the only non-presidents featured on current US notes.
Women have been featured on US money before, but the notes and coins were not widely used. Most recently women's rights activist Susan B Anthony and Native American Sacagawea appeared on dollar coins, but both coins quickly went out circulation.
Who should it be?
Additional coverage: NYtimes.com
Original Submission
(Score: 2) by frojack on Saturday June 20 2015, @07:00AM
Susan B Anthony and Native American Sacagawea appeared on dollar coins, but both coins quickly went out circulation.
A dollar coin has no slot in any in any cash register drawer, were too close in size to quarters, had no vending machine support, and were released in quantities so small as to almost assured to disappear into coin collections of every kid.
They were dumb from the get go and seemingly designed to fail.
On the other hand, a ten dollar bill is a ten dollar bill. Has none of those problems. Bill scanners in vending machines can be reprogrammed overnight (most of them don't key off of the images anyway).
The real question is will they feature someone recent, with a lot of political baggage? Or will the reach back to the period from history were all the other people featured on the existing bills?
No, you are mistaken. I've always had this sig.
(Score: 1, Insightful) by Anonymous Coward on Saturday June 20 2015, @07:21AM
Speaking of vending machine support, I'm tired of receiving 20 quarters in change when I change a $5 bill. So tonight while you're reprogramming the bill scanners to add support for $10 bills, could you please add support for $1 coins? I'd like to receive 10 dollars in change when I break a $10 bill. Thanks much.
(Score: 2, Interesting) by Anonymous Coward on Saturday June 20 2015, @03:32PM
Quite a few vending machines do take dollar coins. I go buy rolls of dollar and half dollar coins, and $2 bills once or twice a month to try to fill the holes in my collections and spend everything I don't need. I have yet to even get any funny looks when spending $2 bills or half dollars or have any trouble spending them, but I do know there's plenty of ignorant people who don't realize they're real, common, and ludicrously easy to get.
(Score: 2) by LoRdTAW on Sunday June 21 2015, @01:00AM
My father used to love taking $2 bills around to see who would try to reject it. You'd be surprised how many people refused them, usually young cashiers.
(Score: 2) by CRCulver on Saturday June 20 2015, @07:51AM
With regard to the Sacagawea dollar, this is a myth. Well over a billion coins were minted in the first year. However, the misconception by the American public that this was something rare and unusual did lead to many people hoarding them away instead of spending them.
(Score: 1) by Francis on Saturday June 20 2015, @01:41PM
Right, they're not rare, it's just that there isn't a slot for them in a cash register. Same goes for the $2 bill that they keep printing.
I think the $10 bill makes the most sense as we don't normally remove Presidents from currency
The only way that people will stop using the $1 is if they stop printing them..
(Score: 2) by frojack on Saturday June 20 2015, @09:34PM
Not rare? Then try to find one in your daily dealing with coins.
There are bags of them sitting in the treasury because nobody wants them in commerce.
Vending machines either don't accept them, or accept them as quarters.
No, you are mistaken. I've always had this sig.
(Score: 2) by CRCulver on Sunday June 21 2015, @01:05PM
Whether they are commonly used has nothing to do with how many were produced. The claim in the post above that only a small quantity was produced is simply wrong.
Again, just because no one wants them in commerce and the Treasury is supposedly holding on to large stocks, doesn't negate the fact that a large quantity were minted in the year of launch.
(Score: 0) by Anonymous Coward on Saturday June 20 2015, @12:40PM
It is kind of backwards. Of all, the unit of currency should be a coin. That just feels right.
(Score: 3, Interesting) by istartedi on Saturday June 20 2015, @02:34PM
The Sacagawea Dollar is allegedly popular in El Salvador and Ecuador. I've heard that some collectors actually value copies that are somewhat circulated since they have patina and wear patterns not found on US copies that were simply kept in a drawer. Might this be one of the few times collectors would pay more for a lower grade coin?
Appended to the end of comments you post. Max: 120 chars.
(Score: 2) by CortoMaltese on Saturday June 20 2015, @03:38PM
I don't know about the Sacagawea Dollar but in El Salvador I got a John Adams Dollar as change.
(Score: 2) by richtopia on Saturday June 20 2015, @04:45PM
Replace penny with one dollar coin! At least as far as cash registers goes, maybe not in value.
After traveling to places with Swedish rounding, I cannot wait for any improvement in the USA for the pocket full of useless change I seem to always have. VAT makes all transactions ~5.36USD, and finding change in my pocket (which is not reliably there) really slows down the transaction.
I would say begone with the penny, nickle, and dime. However, if we wanted to just get started with the penny, by all means. And you can put the one dollar coins into the now vacant cash drawer slot.
(Score: 2) by MichaelDavidCrawford on Saturday June 20 2015, @05:18PM
-s.
Very few people these days even know that the two-dollar bill is in circulation. The banks never have very many but sometimes they do have a few.
They don't stay in circulation long because some people collect them. I always spend them but only after I point out Uncle Roger Sherman on the back, just before he signed the Declaration of Independence.
I also regard my use of the two dollar bill as a patriotic thing to do. I expect that a one dollar bill costs quite a lot more than one dollar to create.
When Canada created the Loonie they simply stopped printing one dollar bills, but I understand that the reason These United States will never stop printing paper dollars is that we don't want anyone to lose their confidence in American money.
RLY.
That's just asinine but that's the reason.
The TriMet MAX light rail ticket machines dispense dollar coins when giving change. I expect most regard them as a PITA however it is the right thing to do.
Cash drawers could accept dollar coins and two dollar bills if the people who manufacture cash registers would make them. It's not like every country on the planet has the exact same coinage.
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