Where Are The $500 And $1,000 Bills?

Should The U.S. Print and Actively Use The $500 Or $1,000 Bill Again?

 

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They will have too. With all the trash money the fed is printing, you will need a $1,000 bill to buy a roll of toilet paper soon.

 

Not in my lifetime, or you're shopping at the wrong places.

 

This thread reminds me of Drago the Wolf. I haven't seen anything posted by him in quite some time. I wonder what happened to him? I miss the level of enthusiasm that he brought to this forum.

 

I am doing my best. I think this site is great and still has potential to be even better.

I have posted in the other forums, but this is my first thread in paper money.

NOS, I have seen signs of you, but this is the first actual post I have seen from you. It is nice to run into you.

 

I don't think they ever will again because of money laundering and counterfeiting.

 

They should have started printing at least the $500 10 or 20 years ago . The 20 is almost like a single when I was growing up in the 60s , the dollar is starting to be a pain . Just my 2 cents .

 

With the new measures being taken with U.S. currency, this should not be as big a problem as it could have been. Moreover, I think counterfeiters would stick with the $100 because it is ubiquitous.

 

If these notes came back, any nominations for who or what should appear on them?

 

Paper money should/will be abolished, it's a useless/wasteful artefact. Debit cards are the future (as they are the NOW.)
Much of the Mint's activity seems to be a waste of time/money - "money" needs to move more quickly into the 21st Century.

 

-deleted-

 

I think hard currency will always be around. Also, so many safeguards, technological advances, and laws need to be effected before your proposal could be implemented.

Besides, why not have cash currency and bigger bills as the $500 and $1,000 if it is effective for many transactions?

 

Paper money is very useful for:

1. Yard Sales.
2. Flea Markets
3. Leaving a tip.
4. Buying something from a friend.
5. Dealing on Craigslist (be honest, how many people would take a $2,000 check from a stranger? and not many people have credit card machines).
6. Buying things at auctions (some auctions are cash only or in-state checks).
7. Farmer's market.

For those reasons above, cash will be around for at least another 30 years, if not longer.

 

I agree (and for many more reasons than posted - could be a thread).

 

Detecto-
Don't know where you live, but paper isn't necessary at my farmer's mkt. Most vendors already have a payment dongle attached to their smartphones: simply swipe.

I confess my reply was more sarcastic than honest opinion, but I do see paper disappearing from most transactions/contexts.

Especially or more so if severe inflation arraives 2014-18. If Americans have to use $1,000 FRNs to fill the tank, that ever-present reminder might spark a revolution! The psychology of e-zero inflation will be more manageable w/debit cards, however, to control the sheeple. And that's their goal, I think.

 

I've seen those in larger cities, but in the "she thinks my tractor's sexy" part of Illinois, many vendors are pretty old fashioned.

 

I think dropping the $500 and $1000 denominations was a mistake. It created just a slight dip in the road for drug dealers and clandestine activity, as a step towards it's prevention. There is no benefit to continue with this course of action. In fact, there is a cost savings to re-establish these bills and put them back into circulation. Put the same portraits on them as before, so it doesn't become a petty political issue. Parties from both sides, would love to argue about it forever.

 

Mr. White may have a point.

 

I think that most transactions will be conducted electronically in the future. Any cash withdrawal, deposit or exchange, no matter how small or large, to or from any financial institution will require paperwork in order for the IRS or its equivalent to track that cash.

 

Haha, MISTER PLATINUM, please. I'm a PGM bug, if that's not already obvious.
Appellations of Platina, Platina del Pinto, Juan Blanco.