Date: Sun, 24 Sep 2006 16:57:34 -0400
From: "Michael Walsh" <MJW at press.jhu.edu>
To: <WSFAlist at KeithLynch.net>
Subject: [WSFA] Re: Funny Coins
Reply-To: WSFA members <WSFAlist at KeithLynch.net>

> eva.whitley at gmail.com 9/24/2006 1:17:49 PM >>>
>Stan wrote:
>>>Why am I foreseeing another citizen rejection of new money, similar
to the
>>>silver dollar coins of a few years ago?  (The gold ones are cool
though!)
>>
>> The only reason the dollar coins were a failure was that some idiot
made two
>> decisions:
>>
>> 1 - They made them almost the same size and weight as a quarter.
>>
>> 2 - They turned down the idea to differentiate them with some
corners.
>>
>> The outcome was predictable when the average person with a handful
of change
>> didn't know they had both dollars and quarters without looking
close.
>>
>> I'm one of the folks that love the idea of colored bills... but then
again, I
>> also want the mint to stop wasting money on pennies. Just round ALL
deals to
>> the nearest nickle and be done with it.
>>
>> Stan
>>
>
>I think not getting rid of the dollar bill at the same time (which I
>think both Canada and the UK--okay, the one pound note, in their case)

But not entirely... The Royal Bank of Scotland still issues 1 pound
notes.  The explanation I received, my recollection is rahter fuzzy
since it was at InterThingy and it was late and there had been pints,
had something to do with Russians and currency trading.  As I said...
fuzzy...

And just to make life interesting, not all UK currency is exactly legal
currency nor is it always accepted in all parts of the UK.  See:
http://en.wikipedia.org/wiki/British_banknotes

mjw