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Richard Smith’s Dollar Redesign Project has been going strong with a constant stream of submissions as of late. I wanted to highlight Michael Tyznik’s particular submission because it seems to solve the biggest problem people have with redesigning US currency — that it remain green (so that we can call it greenbacks). In keeping the bills green, Michael also left the portraits of the American Presidents alone because he feels it’s better than having the government decide what images of the economy are most important to the American people as a whole.

And I for one agree with Michael’s last statement about changing denominations altogether. He says:

Lastly, I changed the denominations of the bills. I think we need to get rid of the penny, because they’ve gotten to the point that they’re more expensive to produce than they’re worth. Instead, the coins would be 5¢, 10¢, 25¢, 50¢, $1, and $2. The coins can keep their current design, and the $2 would be slightly thicker and larger than the $1, with a shape similar to the UK 50p coin. I’ve added a $200 bill because the $500 is entirely impractical, but the 200 € banknote is in general circulation and I think a $200 could be useful.”

We need to get rid of that $1 bill and start using coins. And as for the Penny…I really think it’s more of an annoyance than a necessity. Peep the gallery below to see the new bills.