Although he appears on the nickel, unfortunately, he also appears on the highly-unpopular $2 bill.Many attempts have been made to eliminate the $1 bill. If they did, I’d like the U.S. Treasury to bring out the billions of $2 bills and $1 coins that have been languishing in vaults for over 30 years. The $2 bill would occupy the old $1 slot in cash registers, and the $1 coin would occupy the empty coin slot next to the quarters, which is used today for half-dollars and dollars, when they are rarely encountered.Canada successfully eliminated both the $1 and $2 bills in the last decade or two. They now have coins for both denominations (the $1 is called a “loonie,” because it has a loon bird on the reverse, and the $2 is called a “twonie,” a portmanteau between “two” and “loonie”), and both are well-utilized. The smallest Canadian bill is a $5, and all new Canadian bills are polymer.
Guy Gilchrist and John Lotshaw