Does anyone really expect Walmart cashiers and line managers to be experts in $100 bills???? One little point about our currency that gets twisted. Our currency is legal tender for all debts, but does not mean they have to be accepted for a transaction. If you already owe a debt they legally must be accepted as payment of that debt, but stores have right to refuse to sell you something if they do not like your method of payment.
Don't blame merchants that won't take $100 bills. Blame the counterfeiters. If I had a store, I wouldn't take them, either. The potential loss from a fake is too much to risk.
Actually $100 bills are not that uncommon in Kmart, thrift stores, Dollar Tree type stores, etc. Reason for that being there are lots of people around that are just scraping by. I know it is modern knowledge that all "poor" people have Obamaphones, shop at high end stores with EBT cards and drive Mercedes, but the truth is, many just barely get by and don't even have a checking account. They are paid in cash, and carry around their money as $100 bills.
If people drive Mercedes, and shop at high end stores, they should have a bank account and a bank debit card. They get paid in cash and carry aroind $100 bills to dodge income taxes so the rest of us can pay for their Obamaphones. Store practices should not have to be altered as not to inconvenience the little darlings.
The point is that they carry around the $100 bills because that is all they have. The rest of that stuff is really myth.
Thinking about it you are right. I knew a guy who worked for my dad who liked to show 6 or 7 hundred dollar bills in his wallet. My dad told me later that is every cent to his name, but he liked to show it off. My uncle used to carry around a $500 bill in his wallet.
I've never had any problems in using a $100.00 in any store. The closest issue was at a recent rock and gem show. The merchant couldn't see a watermark or a security thread (the bill was an older one and did not have these features). He hemmed and hauled so I reached into my pocket and pulled out about 15 $100.00 bills, fanned them and told him to pick one he likes. He laughed and took a new issue and I took back the older one. Another merchant accepted it at the same show. No big deal, just funny.
One could just use $50s instead. But for some reason ppl like the look of the 100s and it's half as many bills.
why not counterfeit 1's instead? It's easier because they have no watermark. Nobody gives them a second glance. Artificially wear them by tossing in wash and you've got a lucrative counterfeiting operation - assuming you find a place to spend so many ones.
There's nothing wrong trying to use our older currency in purchasing transactions, but you're kind of asking for trouble. I think you are better off stopping at your local bank and trading it for a newer version.....something more "spendable".
Did not see the bill that the guy was trying to spend (admittedly I did not watch the entire video, just "fast forwarded" after a while ) but ... was it actually "older"? As I mentioned before, the video was posted almost four years ago (Aug 2012), so may well be that he had a current bill ... Trying to get it changed at a bank is a good idea in a country where $100 bills are apparently uncommon. And if you cannot do that ("your" bank is far away, etc.), then ask the cashier ahead of time. Of course it would also be a good idea if the store had a sign that says what they accept and what they don't accept. Christian
I used to pump gas in the late 80's early 90s. Back then $10 might give you a full tank. It was a full serve station where we worked out of our pocket, so we would be required to make drops into the safe slot when we got more than $40 over our working cash. Even though we had signs saying we can't accept large bills, we would still get idiots coming in and getting two or three dollars worth of gas then handing us a 100 dollar bill. I would take their bill, go into the station and drop it in the safe, then tell them to pull over to the side and when I get enough sales for their change, they would get their change. This usually stopped some people from bringing in $100 dollar bills. Did they get angry? Yes. Did I care? No. They knew what they were doing going in.
I like how they made zero effort to test the $100 bill to see if it is fake in the first place. Incompetence. They both wasted a customers time shopping and their own time assuming that $100 was fake when it could have been real. And by "old" - how old? I am guessing no older than 1970's. And judging by the date of the video this is before we started circulating the new types with added security features and the strips.
I like it when you pay with a few 50 cent pieces and the cashier is young. They just say "um, hold on" and then call the manager over. They think you are trying to give them fake money. lol. I used 5 fifty cent pieces at the drive through at McDonalds one day, and the kid said "These are dollars, right?" Lucky for him I was honest and told him they were each worth 50 cents. My bill was $2.18 and he stood there trying to figure it out in his head as to how much money I gave him and I had to tell him it was $2.50. Do they even teach math in school anymore?
