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So a few people on this board say a $200 and $500 bill would make things more convenient for them. But not enough to make the government actually produce them.
I voted "no" on both new bills.
But I do use the $1 coins now and then, and I've used the "toonies" in Canada so I guess we'd get used to them here. Would save us a lot of money printing $1 bills. But then you have the Bureau of Engraving and Printing not wanting to lose out to the Bureau of the Mint!
I was fascinated by those high denominational bills when I was a kid. The $500, $1000 and there was a $10,000 but only for banks I believe. I'd like to just have one, not for spending.
Really want to have one? There are plenty of old large denomination notes available from collectors and dealers.
Google "currency dealers collectors" to find a local dealer, use PCGS Currency - Featured Dealers,
or find collectible bills on eBay: 500 in US Paper Money | eBay.
Another option — Often, currency dealers will set up at collector coin shows.
It's time we move to a cash-less society. I haven't paid with cash in over a month and prefers to pay electronically everywhere. Faster and easier for me to manage my finances.
I carry fifties regularly, because that's what my ATM dispenses for anything above a one hundred dollar withdrawal. I find them convenient, and most shops have enough small bills to break them. I think a one hundred dollar bill would be overkill, at least for me.
As for the idea that people who carry cash are not credit worthy, yeah, right.
I was fascinated by those high denominational bills when I was a kid. The $500, $1000 and there was a $10,000 but only for banks I believe. I'd like to just have one, not for spending.
I've tried to get one, but people want more than face for them (obviously since they are collectable).
It's time we move to a cash-less society. I haven't paid with cash in over a month and prefers to pay electronically everywhere. Faster and easier for me to manage my finances.
I'm opposite. I try to avoid swiping cards and pay with cash when I can. I pay bills electronically, but for daily spending money, I try to keep $50-100 on me and use that for my purchases. I find that it's harder for me to spend bills vs swiping a card. Plus no issues with cards getting compromised.
I was fascinated by those high denominational bills when I was a kid. The $500, $1000 and there was a $10,000 but only for banks I believe. I'd like to just have one, not for spending.
The only time I've ever seen a $1000 bill was in about 1957 when my uncle used one to buy a box of cigars at the Harris supermarket in Charlotte.
IMO there is little need for large bills. I mostly use electronic money.
I have a $100 and a $20 in my pocket from my last ski trip in May of 2015. I have used 2 $20 from that stash since then.
I'm opposite. I try to avoid swiping cards and pay with cash when I can. I pay bills electronically, but for daily spending money, I try to keep $50-100 on me and use that for my purchases. I find that it's harder for me to spend bills vs swiping a card. Plus no issues with cards getting compromised.
That's it exactly for me. I'm less likely to be willing to spend cash, which means I spend less overall than if I use plastic.
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Getting Old Large-Denomination Currency
