It's about time that the US abandoned $1.00 and $2.00 bills and just used coins instead.
The risk is to have a situation such as prevails in Egypt. In the two weeks that I was there at Wikimania time I only twice received coins in change, and thsat was from the cashier at official government tourist sites. Everything else was paper money down to the 25 piastres note worth about 5 cents. Carrying that in one's pocket creates a soggy mess.
Ec
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We are so way off subject now, but I am actually encouraged at the amount of $1 coins I am seeing circulating. The federal government has mandated that vending machines on government property accept them, and since it seems silly to have manufacturers make special machines for government installation, most machines I encounter now accept them. I regularly give and recieve $1 coins in change here at work. The program the U.S. Mint has now that allows you to obtain $250 at face value (+ shipping) will likely increase their use, as collectors will put a few rolls aside and spend the rest.
Angela