Wednesday, July 04, 2007

Unpopular U.S. coins and currency

Remember when the $2 bill was re-issued in 1976?
They were never widely accepted by the public as a serious form of currency. They were more of a curiosity and treated as a collector’s item. A lot of people saved them instead of spending them.
They were also not widely accepted by merchants who really didn’t want to use them in making change. Most cash registers did not have an extra space in the currency tray to accommodate the $2 bill.
. The fate of the $2 bill of 1976 was much the same as the $1 Susan B. Anthony coin. The Anthony “silver” dollar was also not accepted by the public.
Incidentally, the Anthony dollar coin was also known as the “Carter quarter.” Hard to tell which was the bigger flop: the Anthony dollar or the Carter presidency.

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