Comments on: Fed Orders 7.2 Billion Notes for 2015

By: Kahoola

Kahoola — Sat, 03 Jan 2015 01:07:27 +0000

Aloha George, the Fed Reserve orders bills based on demand from the banks. If customers don’t ask for $2s they stay in the bank and when they have too many they send them back to the Fed. Just like the golden dollars. You can make hundreds of millions but they will all end up in the vaults of the Fed. What needs to be done is to stop printing 1, 2 and 5 dollar bills and make coins instead. The government will not do this because it will show how much inflation has really eaten up the US dollar.

By: Munzen

Munzen — Fri, 02 Jan 2015 22:16:36 +0000

Hi George,

The total for all denominations is shown as ~7.2 million, not billion, so it’s a good guess that the amounts are in multiples of 1000 even though that’s not indicated in the article.

It continues to boggle me that they don’t simply flood the market with $2 bills. Eventually people might get the idea that they’re not rare and are actually very useful. It also might help defuse the nay-sayers who constantly grumble that switching to a $1 coin would fill everybody’s pockets with metal.

@northwind – where are you located? I’m in the Northeast and have been seeing Series 2013 $1 and $5 bills fairly regularly. For some reason (ATMs?) $10 bills hardly ever show up anymore though, and there are so many $20 bills (again, ATMs?) that they probably don’t need to print new ones yet. But yeah, I’m just waiting for some hackers to hit the financial system. I don’t care if it’s from our gov’t, the DPRK, or some kid in Minsk; it’s gonna be REEAALLLY ugly.

By: RonnieBGood

RonnieBGood — Thu, 01 Jan 2015 03:01:04 +0000

Hi George,
Hope you have been doing okay.

By: George Glazener

George Glazener — Wed, 31 Dec 2014 16:45:10 +0000

@northwind: wouldn’t surprise anyone if they did..!

32k two dollar bills is pretty skimpy. Most of those go to Monticello anyway; they give them out as change when you buy tickets and gifts. Nice fresh crisp ones.!!

By: northwind

northwind — Wed, 31 Dec 2014 15:26:12 +0000

I haven’t seen a new banknote (except for the 100) in 3-4 years and i use/handle cash a lot in business. is the govt cutting back to get people to go digital so they can control or grab people’s funds with a click of a button