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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 01-25-2016, 10:12 PM
 
7,191 posts, read 5,259,248 times
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Seems rather pointless.

Cash accounts for a whole 14% of consumer spending.

At this point cash is basically for old people, people who for whatever reason can't get a credit or debit card, and drug dealers who are too cheap/lazy to get a Square reader.
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Old 01-25-2016, 10:32 PM
 
5,076 posts, read 7,963,229 times
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Now that used car prices are where they are, we could use $1000 bills. Buying a used car is a legitimate transaction a significant # of people do in the course of a year. Carrying 100 $100 bills is a pain in the ass. You can't easily put that in a back pocket.

So small person to person transactions would benefit. You can't expect some guy selling his 5 year old honda civic to take credit cards.
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Old 01-25-2016, 10:36 PM
eok
 
6,684 posts, read 2,945,131 times
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Cash is becoming more and more obsolete as more and more advanced technology replaces it. People can pay for things with their cell phones, their cards, and probably soon their thumb prints. At that point the only use for cash will be to be anonymous. But there will probably be technology for that too. Anonymous transactions using gadgets, and/or anonymous cards, and/or whatever.
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Old 01-25-2016, 10:41 PM
 
Location: Out there somewhere...
38,673 posts, read 45,016,991 times
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Many stores/businesses in our area refuse to accept $100 bills, some even 50's since counterfeiting is so predominate anymore. Those that do accept them have pens or machines to detect counterfeits.
And carting around a lot of cash these days can be dangerous to your health.
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Old 01-25-2016, 11:01 PM
 
33,134 posts, read 39,067,107 times
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Agreed on the useless nature of $100 bills, even banks wont take em unless you have an account.
I'd rather see an end to pennies and a $1 and $2 coin
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Old 01-26-2016, 01:13 AM
 
5,470 posts, read 8,160,530 times
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Quote:
Originally Posted by JasonF View Post
Seems rather pointless.

Cash accounts for a whole 14% of consumer spending.

At this point cash is basically for old people, people who for whatever reason can't get a credit or debit card, and drug dealers who are too cheap/lazy to get a Square reader.
I don't know where you people live, but you've lost your mind.

I've been carrying 50+ $100 bills for years. (As well as a mix of smaller denominations. If could carry larger bills I could carry more smaller)
I stop at pawn shops, thrift stores, gun shows, coin shows, yard sales, flea markets, auctions, car lots, etc and in some of them I can use a card.

Some you can't, but even those you can you get a better price with cash.

I much prefer to carry a couple $1k or $500 bills in the mix. $200's would be an improvement.

I've never seen a gas station turn one down if you fill up~$40.

As to this bull**** I quoted.... Someone needs to google the "grey market" its a $1,000,000,000,000+\year (WELL OVER last article I read) industry!
(14%.... LOL)
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Old 01-26-2016, 05:51 AM
 
Location: Atlanta
5,337 posts, read 3,951,931 times
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Not sure we need that much of a denomination but CASH is still KING. I prefer to have a few $20 in my wallet at all times. I use my debit card most of the time but you never know when you will be in front of a cash only transaction.
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Old 01-26-2016, 05:53 AM
 
Location: Atlanta
5,337 posts, read 3,951,931 times
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Quote:
Originally Posted by jambo101 View Post
Agreed on the useless nature of $100 bills, even banks wont take em unless you have an account.
I'd rather see an end to pennies and a $1 and $2 coin
My son and I took a road trip last month and stopped at many rest areas. Each my son wanted just a little snack from the snack machines. I finally ran out of coins but the machine took $5 bills.. it gave us several $1 (gold) coins back.. First time I had seen these before but thought they were easier to deal with than singles... I have yet to see a $2 coin...
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Old 01-26-2016, 06:19 AM
 
Location: The Carolinas
1,987 posts, read 1,902,509 times
Reputation: 6010
most large-denomination bills are used for drug transactions or money-laundering. Creating bills larger than $100 would facilitate more of this. Not a good idea.
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Old 01-26-2016, 06:45 AM
 
Location: Pennsylvania & New Jersey
1,476 posts, read 3,348,351 times
Reputation: 1564
Lightbulb Redo coinage instead...

Quote:
Originally Posted by jambo101 View Post
Agreed on the useless nature of $100 bills, even banks wont take em unless you have an account. I'd rather see an end to pennies and a $1 and $2 coin
Quote:
Originally Posted by mco65 View Post
My son and I took a road trip last month and stopped at many rest areas. Each my son wanted just a little snack from the snack machines. I finally ran out of coins but the machine took $5 bills.. it gave us several $1 (gold) coins back.. First time I had seen these before but thought they were easier to deal with than singles... I have yet to see a $2 coin...
Redoing coinage is exactly what they've done in Canada, and it's working flawlessly.
• No more pennies. All transactions are rounded to the nearest nickel.
• No more one-dollar bills. Replaced with one-dollar and two-dollar coins, called Loonies and Toonies - Canadian Dollar Coins
It's a good idea, and it would save us the cost of producing pennies, ironically more than their face value!

Last edited by MaverickDD; 01-26-2016 at 07:09 AM..
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