Should the U.S. have $200, $500, and possibly $1,000 bills?

At first glance it looks real!! Not sure if many people even know who,s
On the $1,000 Bill, But i dont think Mona Lisa made the final cut....LOL:eating:

 

Log in or Sign up to hide this ad.

Looks good indeed. But what about that double negation on the note? "This not is not" etc.

Christian

 

Yeah... my wife gave this as a joke to me, says something about "fine art being a sound investment". I'll stick with currency !

 

Who reads the fine print? Hey Bob what does the back look like? How about
A pic??

 

I do. After all it's funny ...

Christian

 

always read the fine print, otherwise you end up with a bad deal, or mona lisa on a $500!

 

There is no good reason to bring back any size note over $100

There is no good reason to bring back any size note over $100. The average person does not need them, heck most hardly use real money much at all - why on earth would the BEP do such a thing?

 

There,s plenty of good reason! I for one like um, I happen to have
A $500 and a $1,000 there great conversation pieces to boot!
Here again everybody has there own opinion and thats mine:rolling:

 

There are many good reasons for $200 and $500 bills AT LEAST. However, during the Christmas holidays, my family could easily blow through a $1,000 bill.

What about casions? Casinos sometimes pay out in cash if people request it. Even though I don't watch high stakes poker on tv, I do catch glimpses of the straps of $100 bills, and think "Man! These guys would have a blast with $1,000 bills. Also, someone here mentioned "Let's Make A Deal" on a different $500 bill thread, well, that show is back on the air, and not as interesting to watch as the old version, when the host would break out a few $500s and $1,000s and one time, on the old show, the guy had a $5,000 bill and he mention on the show "The bank told me" Be careful with that $5,000 bill. Its the only one we have on this side of the country." :bigeyes So obviously $5,000s and $10,000s were rare.

This is off topic, but has the old Let's Make A Deal show ever give away, or try to give away a $10,000 bill before?

Anyway, my mom won three progressive bingo jackpots for over $2,000 and the organiztion made her out a check, and when she cashed in the check, she wanted all LARGE bills, and all of those $100s was STILL a lot to handle, and more noticeible by potential muggers and other robbers than a few $500s and $200s or even, a couple $1,000s. (My mom said she wasn't sure about getting any $1,000s if they were available, but she would still get a few $500s and $200s.

Banks also like the idea of larger denominations as well. I talked to a bank manager once at a bank I get $2 bills, halves and $1 coins, about $200, $500, and $1,000 bills, and he loved the idea. He also liked the idea of getting rid of cents, and $1 and $2 bills for $1 and $2 coins.

When I bought a Jeep comache for $900, I paid the guy in all $100s, and told him, that they should bring back the $500, and he said "Hell, bring back the $1,000 bill" Before I bought my Comanche I had a Plymouth Reliant car, that was my first car and I paid just over $400 for it, and even though its a bit more of a minor problen than $900, I would have loved to have given the guy two $200s if they had them. Not trying to sound dumb, but thats still easier to keep track of than four $100s.

Also, I get a check since I'm on disability, and it is for $674, and for the most of it, I would love to get a $500, or a few $200s just to make it harder to spend. Who wants to break even a $100 bill, let alone a $200 or $500.

Also, banks should have a few $200, $500 and $1,000 bills around in case someone comes in the bank and says "I want to buy a tv, or an rv, or a boat etc. Think about it. A washer or dryer costs over $300, a stove/range costs over $500, and a refridgerator costs over $1,000. THERE is your purpose for ALL three large denoninations I propose.

Also, I was talking about putting a dormer addition on my house that would cost $80,000-$90,000 if I had professsionals do it. Now, I don't have that kind of money, but if I had it roughed in, they quoted me about $40,000. So even then, if I wanted to pay in cash, I would STILL have to deal with 4-9 $10,000 bills if $5,00s and $10,000s were also still available.

So there STILL is demand for large banknotes, including the $5,000 and $10,000. I know that the government would really hate the idea of new $5,000s $10,000s (a strap of $10,000s being one million dollars, much to easy on drug dealers and money launderers, right?) and if they did by some chance, bring back the $5,000 and $10,000, I'd suggest issuing a $2,000 bill, same as I propse a $200, to acompany the return of the $500 and $1,000. I suggest, however, that the Treasury reissue $5,000, $10,000 and issue $2,000 bills around the year 2020.

 

A petition to bring back the $500 bill would be a good idea, but, if we push for $500s, can't we still push for new $200 bills as well? I for one, would love to see a $200 bill, and $200s would come in even more handy for me than $500s, however, saying that, I am in NO means, bashing the $500 bill. I would have many uses for $500s as well. So I still want them to issue $500s as well.

 

Personally, I wouldn't see there being much of a point; most transactions over $100 are rarely done in cash anyway. With debit cards, checks, bank to bank transfers, cash is becoming less needed, not more. I read somewhere that of the total US money supply, only about 1/3 actually existed as coins or currency; the rest of it is just numbers on a computer somewhere. I'm at the point where I spend maybe $40 in cash during an enitre month; all other money I spend I just use my debit card or make online payments.

The rare times I ever had more than $100 in cash I usually had it in 20's anyway; large bills are very inconveneint because you can't break them anywhere (the only time I find large bills convenient is the rare times I had to make large cash purchases, such as when I had to buy a money order to pay my first month's rent moving into a new apartment; they insisted on a money order instead of a check for the first payment.)

 

Actually, I find credit cards, debit and checks to be very inconvenient when paying for items at stores. Here are 5 good reasons why $200, $500, and $1,000 bills are better than cards, checks and bank transfers:

#1. For one thing, have you ever been standing in a line at a store for about a half hour or so, then at last, when it gets to there being "one" person in front of you, and that person whips out their credit/debit card or check, and the machine goes haywire when trying to process the transaction? I have. More times than I can count on my fingers AND toes combined. #2. Not to meanion that there is a service fee on credit cards that store are paying for now, but my brother predicts that, one day, that cost is going to be dumped on YOU. Probably once electronic money completely takes over and you have no choice.

#3. I tried having a credit card for a while, then they started to rip me off, and still tried to rip me off a few times after I had made it CLEAR that I did NOT want to deal with them anymore and that the account was CLOSED.

#4. The worst reason, but a valid one is that, if the government insists that people must have a choice between using $1 bills, and using dollar coins, I think people who want big bills should have the choice between $200/$500/$1,000 bills over credit/debit/checks, if they want to pay cash for a large or expensive item.

#5. The best reason is that, BOTH my mom and dad had to deal with credit card fraud indentity theft TWICE over the past 3 years, and although a mugger can steal a $1,000 bill from you, they can not steal your identity or thousands more dollars off you, like credit frauders do. Same with electronic banking. Someone can steal that off your bank account without entering a bank, where they would have to break in and enter your house to steal a $1,000 bill if you had one, and are more likely to go after electronic banking, as that industry holds more money to steal, than risk breaking into a house and being caught and jailed for a piddly few hundreds to a couple thousands of dollars you may have hidden in your house.

These all being the case, I actually believe that we should get RID of all "plastic" and "electronic" money and go back to cold hard cash. Whether many people would consider that move as "going backwards" anyway. I wish I would have been alive to use a $1,000 bill, or see circulating $2 bills and half dollar coins, a cent that was actually "worth" something, and the like. Times were so much simpler then and things were not all of this confusing electronic mumbo jumbo.

Not trying to beat you up, Troodon, but I'm just sharing my feelings.

 

Listen there are some mixed feeling sbut if anyone wants to bring the $500 or $1000 bill back and petition for the $200 PM me.
I have some political connections and some experience, true I may be a youngster, but its know what you know, but who you know.

 

It's actually a note pad printed on one side from her friend @ work.
But you have the real thing & I'd like to see that,here is one from Bing.com
Maybe some day,RickieB posted a beauty in high grade.
THIS IS NOT MINE (Bing.com image)

On my Bucket List.

 

Dont forget the $1,000:hug:

 

Thats such a cool note Bob! Could you print me one up!

 

in 1924 the dominion of canada made $50,000 notes and in 1988 was the last year of the $1,000.oo notes hows that for small change in the old jeans

 

$1000 Mona

Just sent you the jpeg image to your email address ,if I find another I mail it.
I'll keep looking,
Bob

 

Here is what I proposed for the $200, $500, and $1,000 bills over the years. You may also run across it on the internet:

LEGAL TENDER ANTI-INFLATION ACT

Section 1. Short Title

This Act may be cited as the "Legal Tender Anti-Inflation Act"

Sec 2. Issuance of a $200 Federal Reserve Note

(a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning March of 2010 Federal reserve notes in the denomination of $200 shall be placed into circulation by Federal Reserve banks and shall have such designs and be in such form and tenor as the Secretary may select in accordance with this section.

(b) President Theodore Roosevelt's portrait shall adorn the obverse of these new $200 Federal Reserve notes. An image of Mount Rushmore shall adorn the reverse of these new $200 notes.

Sec 3. Redesign and Reissue of the $500 Federal Reserve Note

(a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning in March of 2011, Federal Reserve notes in the denomination of $500 shall be placed into circulation by Federal Reserve banks and shall have such designs and be in such form and tenor as the Secretary may select in accordance with this section.

(b) President William McKinley's portrait shall continue to adorn the obverse on these new $500 notes. The oval with the huge numeral 500 shall be retained on the reverse in the new design $500 notes.

Sec 4. Redesign and Reissue of the $1,000 Federal Reserve Note

(a) Notwithstanding the authority of the Secretary of the Treasury under the 8th undesignated paragraph of section 16 of the Federal Reserve Act, beginning in March of 2012 Federal Reserve notes in the denomination of $1,000 shall be placed into circulation by Federal reserve banks, and shall have such designs and be in such form and tenor at the Secretary may select in accordance with this section.

(b) President Grover Cleveland's portrait shall continue to adorn the obverse on these new $1,000 notes. The fancy text of "The United States of America" and "One Thousand Dollars" shall be retained on the reverse in these new design $1,000 notes.

END

Note: The dates would have to be changed for these ideas, and I did not know a good name for this Act, so I called it the "Legal Tender Anti-Inflation Act" Maybe I could have tried the "Large Denomination Reissue Act" or something, but I wasn't sure if that sounded good or not.

 

Thanks Bob!