I'd spend it.

[gridlore]

I love the designs, and the Bill of rights on the back, but where's the Second Amendment? Can we reintroduce the $500 bill and use that on the back? Put Alexander Hamilton on the bill for ironic purposes.

I'm holding out for one and two dollar coins. Canada totally corrupted me on this.

Edit The first and second amendments are on the $5. I still think the Second Amendment deserves it's own bill.

Comments

[gridlore.livejournal.com]

Yeah, but we need to stop printing dollar bills and let people know that coins are the future. Sunset them after five years, and have everyone turn in their old banknotes for shiny coins.

[cmdr-zoom.livejournal.com]

I don't want a heavy, jingling pocket. Do away with the $1 and I'm more likely to stop using cash and move to debit as much as possible.

[johno.livejournal.com]

Yeah, it's cool to think your broke then count your change to find you don't have just $1-2 dollars in change, but $15-20...

Happened to me lots in Australia.

[bunyip.livejournal.com]

I miss $1 & $2 coins. ;)

I also miss money that will survive going through the laundry.

Australia has had polymer money for over 20 years now.

[gridlore.livejournal.com]

While we were in Montreal we were using cash almost exclusively, and never had a problem with excessive Loonies (http://en.wikipedia.org/wiki/Canadian_1_dollar_coin) and Toonies (http://en.wikipedia.org/wiki/Canadian_2_dollar_coin). In fact, they seemed to circulate faster than the USDs that live in my wallet simply because they are there and easy to use. The Couche-tard (http://www.couchetard.com/home.html) and its associated Subway in the Montreal underground near our hotel got most of the one and two dollar coins we accumulated.

In fact it was so easy to use the coins we forgot to bring home a Loonie. (One Toonie is sitting on my dresser.)

[kevin-standlee.livejournal.com]

I'm with you on discontinuing the $1 bill. No need to demonetize the bills, however; just stop printing them. Canada stopped printing $1 and $2 bills years ago, but the bills themselves, if you find one, are still legal tender. (I have a C$2 I saved from the period when they were going out of circulation.

US $1 coins have the same purchasing power, more or less, that a quarter had in 1975. My experience with Canada was that having a $1 and $2 coin rather than a bill was not a particular hardship, nor did it lead to a massive number of coins in my pocket.

The Japanese equivalent is the 100-yen coin, and there we were warned to accumulate them when possible, because so many vending machines took them and wouldn't take bills.