DaButt
Thursday 20th September 2018 2:37pm
14,722 posts
Quote: zooo @ 20th September 2018, 1:25 PM
I had no idea there was a $2 note.
You'll almost never see one in circulation. They used to be popular at racetracks for $2 bets, but I doubt they're still used there. Some people ask for them at banks to use as gifts (tooth fairy, etc.) for kids because they're unusual and likely to be saved.
$2 bills are a bit more uncommon than dollar coins. The only place you'll typically get a dollar coin is at a government post office stamp vending machine. Put in $20 to buy a book of stamps and you get a pocketful of coins that nobody wants to use. Now that most machines also accept debit/credit cards there's not much use for the coins anymore.
The government has been pushing the dollar coins as a cost saving measure for almost 40 years, but the public resists them. The main complaints are that nobody wants a pocketful of heavy change and the fact that vending machines and cash register drawers would have to be reworked.
Sooner or later we'll get rid of the 1-cent coins. They're practically worthless and they literally cost more to make than they're worth. We should probably get rid of the 5-cent coin, too, and round everything to the nearest 10 cents. While we're at it, the 50-cent coin is HUGE and almost never used. It should be redesigned.