100x $500 US bill pack!

Edit: to remove a good rant that had exactly zero to do with large-denomination bills. Sorry, I'll be good.

 

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My wife once gave me a stack of 5's for allowance unfortunately they were nickels, selfish old lady. Thanks for sharing.

 

Yeah, I am sorry OP. If you wish, I will remove mine as well. I didn't mean to hijack your thread. Please just post here or PM me and I will do so if you object.

 

I'll bet there's newspaper in the middle.

 

I'll take that bet! (I saw the photo from the previous sale.)

 

This pack was discovered in the back of an old bank vault, under some boxes. The bank had a reputation of not inventorying their vault very well.
Someone bought it but it never came to light in the collection world . . . at least until @Collecting Nut opened one of his "forgotten" boxes and found it. Shhhh, he doesn't want anyone to know.

 

Sounds like my stinking SDB, (smaller scale obviously). No idea what is in there, no listing of what I own, I am shocked every time I go though it. Last time I found a bag of world gold coins I have zero recollection of ever buying, maybe 3 ounces total, (not a "flex", a pathetic admission).

Yeah, you would think an accountant would be more anal about his collection, but I do that for a living. For my hobby, I simply do not want to. I would imagine this bank had the value of the cash on record, just not the form if I had to guess.

 

Tell me about it, I live in, The People's Republic of Canada"

 

Stop minting the Lincoln Cent and start printing $500 bills! ^_^

Apparently the Lincoln Cent is way overdue for being eliminated.

Back when the 1/2 cent was cancelled it had a modern day value of about $0.18.

Yet a Lincoln Cent today is worth 18x less! Not only that but it costs $0.025 to mint every Lincoln Cent. It’s a lose-lose.

No one uses pennies anymore. I know Lincoln Cent collectors would hate it but it is a logical and rational thing to cancel it.

 

If I was a drug dealer I would stick with 500 Swiss Franc notes .

They’re worth almost $500 (1 franc = $0.96) and Switzerland has a much more stable currency.

That’s why during the 2008 Recession huge amounts of money flooded to Swiss francs and for the first time the Swiss government had to step in and announce that they would buy unlimited amounts of Euros to prevent the value of the Swiss Franc from skyrocketing through the roof.


From everything I’ve read Swiss Francs are the safest of all currencies.

 

Or Malaysian $5000 Dollar note= $5000US then convert it into rare gold coins Like many do.....

 

Wouldn't surprise me. They've got enough of everybody else's money squirreled away. Particularly the crooked "everone elses", who of course have a head-start when it comes to accumulating money.

 

I believe Brunei makes a $10,000 bill that is the “highest valued banknote” in circulation in the world.

Edit: Just checked. Yup! They have a $10,000 BND banknote worth $7,403 US Dollars if converted at an exchange at market rates.


Note: Under a Currency Interchangeability Agreement in 1967, the Brunei dollar is interchangeable with the Singapore Dollar at par. As such, the Brunei dollar is accepted in Singapore as "customary tender"; likewise, the Singapore dollar is accepted in Brunei.

 

They also have a vast amount of gold.

 

Why not the CHF1000?

And CHF500.00 is worth more than US$500.00, not almost.

 

I believe the CHF1000 is no longer being printed specifically because of risk of use by drug cartels & terrorists.

Last I checked they are still legal tender but it can be hard to get them at face value.

Apparently even Swiss Banks aren’t issuing them either. If you go to a Swiss Bank and withdraw 5,000 CHF you’d most likely get 10x 500 CHF notes or a combination of smaller notes.

I believe they are retired when redeemed.

 

They probably use BITCOIN or some other cryto....

 

Hmm idk because as far as drug dealers most of them sell for cash and so they would have to convert that cash into crypto first. That would raise some red flags about where all this money being converted is coming from.

First they’d have to get it into a bank safely in order to buy crypto and the bank is required to report all deposits over $10,000.

The IRS wants to make sure they get their cut so any crypto purchases over a certain amount are reported as well.

They’d have a really hard time trying to keep much of it in crypto.

I’m surprised they don’t just stick with gold. Gold is one of the few things that allows the storage of vast amounts of wealth in relatively small spaces.

They could store hundreds of millions of dollars in a single room in 400 oz Good Delivery Bars (the highly reputable bars used by banks & countries) with the bonus of not having to count it all.

Counting out $100 million would mean looking through a million banknotes even if they are all large $100 bills and many more if lesser notes are included. It would take many months for a single person or team or two.


But gold? You just weigh it and multiply however many troy oz you have by the market spot price. Someone could do it by themselves in a few minutes by counting how many bars there are and multiplying it by how many oz in each bar and multiplying again by spot price.

However it doesn’t have to be gold. It could be any Precious Metals of high value like Palladium or Platinum.

I just don’t imagine the liquidity is as high with those as it is with gold. I imagine trying to sell $100 million in Palladium overnight would be difficult without offering a huge discount to bulk wholesale buyers.

 

Used by business and banks since wires and other forms of tele-money were in their infancy.

 

there are no CHF 500,-- notes in circulation

please find all CHF banknotes in circulation here:
https://www.snb.ch/en/iabout/cash/history/id/cash_history_serie9

a CHF 1000,-- banknote is not a strange thing in Switzerland - you can go to the supermarket with it and pay your food