Current Coins: .01, .05, .10, .25, .50, 1.00
Current Bills: 1, 2, 5, 10, 20, 50, 100
Not including commemorative coins/bills that are not minted for general circulation
See: /strutheo/will-there-be-a-new-denomination-of
See: /strutheo/will-there-be-a-new-denomination-of-0d949999667c
1,000
3.00What about bringing back retired coin/bill denominations? Like the 3 cent piece, 20 cent piece, 2.5 dollar coin, 3 dollar coin, 5 dollar coin, 10 dollar coin, 20 dollar coin, 500 dollar bill, 1000 dollar bill, 5000 dollar bill, 10000 dollar bill, 100000 bill? They are still legal tender valid to be used in circulation?
Also, do commemorative coins count? In 2024 the US mint is minting millions of legal tender coins with face values of $5, $10, $25, and $50 (of course, with bullion values much higher)?
Finally, currently American paper money is printed and backed by the Federal Reserve in the form of Federal Reserve Notes. Up until 1971, in addition to Federal Reserve Notes(with green seals), the US Government also directly printed US Notes(with red seals) with the same denominations but backed by a different mechanism. Would resuming printing US Notes, Silver/Gold Certificates, another differently backed type of note count as a new denomination or not?
@HariSeldona7ac if we bring back a value that is not listed, ill count that as YES
we will not count large bills that are legal tender but not being issued
The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.
@HariSeldona7ac commemorative coins i dont think would count unless you have a good edge case for me to look at
also idk about us notes or silver/gold certs, they arent legal tender that hve to be accepted everywhere that governs the same laws as money
@HariSeldona7ac Seems like the trend is towards cashless. COVID showed this. As well as the issues with those who can't get a bank account or plan only get an expensive prepaid card.
@HenriThunberg only new coin denominations. if they change the penny to be a new metal type or something, it will not resolve this
@strutheo But also removing the penny entirely, but keeping other coins as is, wouldn't resolve this? Sorry for multiple clarifying comments. I could see someone arguing for that being "a new setup of coin denominations".
@HenriThunberg its ok - removing a penny will not count, the goal here is a NEW value other than those listed