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View Poll Results: Should we have a $200 or $500 bill?
Yes, both a $200 bill and a $500 bill 16 19.05%
Yes, but only a $500 bill 15 17.86%
Yes, but only a $200 bill 3 3.57%
No, things are fine as they are. 50 59.52%
Voters: 84. You may not vote on this poll

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Old 03-07-2019, 01:56 PM
 
9,431 posts, read 9,742,604 times
Reputation: 4964

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The central bank of Switzerland had released an image of the new Swiss 1000 franc banknote worth roughly US$1000. This series is called the 9th series, and new series are released roughly every 20 years.

The 8th series started when according to the Swiss constitution the banknotes had to be backed by a certain percentage of gold. The Swiss amended that portion of their constitution and removed the requirement. So the Swiss were able to increase circulation of the old 1000 franc note from 20 million to about 50 million notes, many of which are held by foreigners.

The new series of banknotes of all denomination does not have portraits but are dominated by images of hands. They have elaborate security features and cost a lot more than US$100 banknote to produce, but they are virtually impossible to counterfeit.

Switzerland already has the highest amount of cash in circulation per inhabitant when converted to US dollars. This new banknote is bound to increase their lead. Exporting banknotes is the most profitable thing a country can do, as banknotes are produced for a tiny fraction of their face value. Essentially you are paying for things with money that you print. While no banknotes from tiny Switzerland are going to come close to the US export of $100 bills, on a per inhabitant basis they will undoubtedly surpass the USA.

If the next couple of years shows that the Swiss are reaping a windfall from these new notes, perhaps the discussion of issuing a US $1000 banknote again will be reopened. The US last printed the $1000 banknote in 1945, and the central bank destroys any notes that come into their possession. The Bureau of Engraving and Printing estimates that 165,000 notes of denomination $1000 are unaccounted for. Most of these notes are in private collections. Some have no doubt been destroyed or lost, but it is a very valuable note to lose, especially considering that all the notes were printed from 1928-1945.
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Old 03-10-2019, 01:49 AM
 
Location: Cebu, Philippines
3,654 posts, read 1,320,025 times
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Where I live now, the largest bill in circulation is 20-usd, and the maximum transaction at an ATM is 200-usd. Do not let the mindless national hysteria push you down that slippery slope.

When I pay my rent, it's wad of 15 bills. Imagine picking up a pizza and having to peel off 15 or 20 ones to pay for it.
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Old 03-10-2019, 10:01 AM
 
Location: Tucson, AZ
2,273 posts, read 7,643,652 times
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I have sold some items on Craigslist to local buyers as cash transactions, sometimes in amounts over $1000. We meet in a safe place like the parking lot in front of a busy store, I show the items to be sold, and the buyer pays me with a bunch of $100 bills. I like them, 10 bills of $100 are easier to count than 50 bills of $20. I have not had a problem spending the $100 bills, but I don't use them at small mom and pop stores either. I can deposit them in my bank account if I don't want to carry around the bills. I don't think any larger denomination bill would benefit the vast majority of people in or outside the USA.

I was in Germany for 3 months last summer. I used my credit card for many purchases in stores, but a lot of small guest houses wanted payment in cash. A few times, I made a large ATM withdrawal and ended up with a €200 note. I never had a problem in using that €200 note at a store or business, because Germany is still more cash oriented than the US or some other places in Europe.
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Old 03-12-2019, 10:01 AM
 
Location: Olympus Mons, Mars
5,390 posts, read 8,351,868 times
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no, I don't use cash for 99.9% of my transactions
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Old 03-12-2019, 10:41 AM
 
1,369 posts, read 432,034 times
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No.

Wait, people still carry cash?
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Old 03-12-2019, 10:47 AM
 
Location: 912 feet above sea level
2,109 posts, read 769,230 times
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Bring back the $3 coin!

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Old 03-16-2019, 03:06 AM
 
Location: Moku Nui, Hawaii
9,427 posts, read 18,469,984 times
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I'd like a $10K bill since it'd take up a lot less room than stacks of $100s. However, there's no place in the cash register to put them. There's no place even for the $2 bill and those still show up occasionally.
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Old 03-16-2019, 05:57 AM
 
Location: Cebu, Philippines
3,654 posts, read 1,320,025 times
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Quote:
Originally Posted by hotzcatz View Post
I'd like a $10K bill since it'd take up a lot less room than stacks of $100s. However, there's no place in the cash register to put them. There's no place even for the $2 bill and those still show up occasionally.
There is a place to put checks. Put the unusuel bills under the checks. Problem solved.

I bet the government will bring back large bills. It would simplify the stereotyping of "criminal types" and make civil asset forfeiture a lot easier and productive. Make a bunch of large bills, and then just confiscate them all as evidence. Perfectly legal entrapment, no pesky due process.

"License, registration, insurance and large bills, please. Do you know why I stopped you?".
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Old 03-16-2019, 06:45 AM
 
1,200 posts, read 424,737 times
Reputation: 992
Quote:
Originally Posted by cebuan View Post
Where I live now, the largest bill in circulation is 20-usd, and the maximum transaction at an ATM is 200-usd. Do not let the mindless national hysteria push you down that slippery slope.

When I pay my rent, it's wad of 15 bills. Imagine picking up a pizza and having to peel off 15 or 20 ones to pay for it.
Are you aware of what’s been going on over the last bunch of years? We’re moving towards a cash less society and it being directed by the government for a whole litany of reasons.

I see people use credit cards for $10 haircuts and for fast food lunches that are less than $8. No one needs to carry much, if any, cash these days. It does have a bunch of benefits.
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Old 03-16-2019, 07:04 PM
 
Location: Cebu, Philippines
3,654 posts, read 1,320,025 times
Reputation: 6818
Quote:
Originally Posted by Rickcin View Post
Are you aware of what’s been going on over the last bunch of years? We’re moving towards a cash less society and it being directed by the government for a whole litany of reasons.

I see people use credit cards for $10 haircuts and for fast food lunches that are less than $8. No one needs to carry much, if any, cash these days. It does have a bunch of benefits.
Are you aware that a bunch of people (at least 50-million) pay cash for everything and don't even have a card that can be used instead of cash? And never will, because the credit reporting/banking mafia has locked them out of the system.
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