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A way to possibly get $500 Bills circulating again
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<p>[QUOTE="Conder101, post: 1372730, member: 66"]Actually the "rich and famous" rarely carry much cash at all.</p><p><br /></p><p><br /></p><p>Wht? You could seldom do anything with them until you break them back down into smaller denominations, and that will usually require a second trip to the bank. I'd think I would rather take the inconvenience of carrying five pieces of paper than having to make a special trip back to the bank to change my one piece of paper into five pieces so I could go to the store. And I still end up having to have the five pieces, so having the $500 note hasn't helped at all. </p><p><br /></p><p><br /></p><p>You are probably right. But back in 1970 almost no one used $100 in their daily activities either. Don't get me wrong, with the falling value of the dollar eventually the $500 and the $1000 will become needed, but not yet. When taking your wife and two kids out to McDonalds is costing $50 then the $500 would probably be a good thing, but we aren't there yet.</p><p><br /></p><p><br /></p><p>Has been since 1866. That was the year the Mint officially went metric. And it was official. It was included in the legislation that created the nickel five cent piece.[/QUOTE]</p><p><br /></p>
[QUOTE="Conder101, post: 1372730, member: 66"]Actually the "rich and famous" rarely carry much cash at all. Wht? You could seldom do anything with them until you break them back down into smaller denominations, and that will usually require a second trip to the bank. I'd think I would rather take the inconvenience of carrying five pieces of paper than having to make a special trip back to the bank to change my one piece of paper into five pieces so I could go to the store. And I still end up having to have the five pieces, so having the $500 note hasn't helped at all. You are probably right. But back in 1970 almost no one used $100 in their daily activities either. Don't get me wrong, with the falling value of the dollar eventually the $500 and the $1000 will become needed, but not yet. When taking your wife and two kids out to McDonalds is costing $50 then the $500 would probably be a good thing, but we aren't there yet. Has been since 1866. That was the year the Mint officially went metric. And it was official. It was included in the legislation that created the nickel five cent piece.[/QUOTE]
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