Any large denomination collectors out there? post them here !

I mean, hard to beat that, right?

On a more serious note, the highest nominal value note I own:


Worth about US $127 at current exchange rates, so hey it's bigger than a $100 bill. Part of my collection of dragon banknotes, plus I wanted every denomination in this series of SCB banknotes as the reverse featured vignettes of Hong Kong from various time periods (the obverse featured various animals from Chinese mythology).

 

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If $500 & $1000 bills are outlawed, only outlaws will have $500 & $1000 bills. And hey, I want those lol.

The same argument has been made by people that think that because criminals use them, we should get rid of $100 bills. Like they wouldn't just use twice as many $50s.

 

Our future?

 

Large denominations used to be exchanged primarily between banks & later for individuals to store cash. The myth propagated by law enforcement, the Better Than Cash Alliance & crypto investors that large denominations are exclusively drug traffickers' currency is ludicrous.
From the Conversation on Money Laundering:

Note that the "physical transportation of cash" is the most risky & least used of the various methods. Professional accountant are hired to launder hundreds of thousands (millions digitally) so it is indeed the lion share of money for most Cartel drug operations. If you don't believe this read the article & see for yourself how TD was fined 3Billion for allowing drug-trafficking transactions.

I get how convenient debit/credit cards (plastic) has become & do use it occasionally. I also try to use as much physical cash as possible so retail outlets will continue to accept cash payments. This has become a challenge. During the pandemic the BTCA ran a successful (yet unverified/false) campaign to use plastic exclusively (to prevent Covid). Many retailers eliminated cash check outs for plastic pay only. Not only were jobs lost but it has become hard to use cash today.

I don't care about the looks I get when I use cash. Using cash has kept my spending down & I'm debt-free. The banks don't own me! I think its important as collectors to let folks know that cash can co-exist with credit/digital payments (& thus be rid of the "either-or" B&W deceptive mentality of the BTCA. ("We must eliminate cash & go digital to empower women" BS).

Nice notes @Troodon & @Gilbert ! (though I think the Hungarian Ca-gillion Pengo note was the highest denomination- not the Banknote World Zimbabwe 100 T "special" that everyone seems to have) ... LOL

 

Yeah it's an often repeated myth that bills higher than $100 were discontinued because they were worried about criminal activity; the real reason was it just wasn't necessary to transport that much physical cash anymore. Maybe they'll bring back the $500 some day, but... not holding my breath. Cash in general just isn't used as often; 92% of US dollars in existence only exist as numbers on a computer. Only 8% exists as physical currency and coins.

Always been a pet peeve of mine that transporting cash is often treated as "suspicious" for some reason. Yes criminals do that... but so do non-criminals, and the latter do it more often by far.

Anyway don't want to risk getting "political" lol so I'll leave it at that. At any rate will just say I take a low view of inconveniencing law-abiding citizens for the sake of suppressing theoretical criminal activity. Punish the criminals in a way that doesn't put a higher burden on the law-abiding. I don't think that's a particularly controversial stance.

 

Well technically there's a Hungarian note that beats Zimbabwe for the highest nominal denomination. However that Zimbabwe note is the most zeroes actually printed in the denomination of the note; 14. The Hungarian note that beats it only has the denomination in words and doesn't print out all the 0s. It is 100 million billion pengo, or 100 quintillion pengo, and if it actually printed all the zeroes it would have 20 of them! I want one, but they're kind of pricey, since they're rare (they were only out a little over a month before they were forced to renumerate the currency and switched over to the forint). Even the one just below it, 10 million billion pengo, is pretty pricey but a little more reasonable. The actual highest was in circulation for such a short time before being discontinued it's likely most of them were never used.

 

Since this thread has expanded past US high denomination bills, the 10,000 Yen note is the highest denomination ever issued in Japan. Here are Series E and F examples (worth about $68.00 each at the time of this writing).

 

Those are great looking notes , is that the highest denomination that they make ?
just curious....

 

I agree (they are indeed fine looking designs @ewomack )!

To answer your question @mpcusa, I believe the 10,000 is the highest according the the BNM.

I am not a big fan of high denominations but on some occasions, I must bend my own rules. Here's a Cayman $100, I could not resist:

 

Cash has never been the predominant method of payment: about 25 years ago, it used to be 75% digital & 25% cash but you can see (from your own numbers) how that 25% has shrunk to 8%. Cash use is becoming like the newspapers & magazines we once turned to for current events (very low profile).

The organized offensive to remove cash (altogether) continues by VISA & the BTCA. Even governments are becoming somewhat alarmed since emergencies (power outages) won't help those who only carry plastic. Transforming commerce to cashless also marginalizes the poor & homeless fringes of society. Student debt has reached record highs right across the globe. Often desperate indebted individuals cornered have no other alternative but to turn to crime for food, lodging, etc.

I'm not getting political: just stating some facts since physical cash is also trashed by countless Youtubers & those on the bitcoin bandwagon. I get the benefits of plastic but I also recognize the social problems mounting debt creates.

Nobody champions cash use today! It is healthy to acknowledge the growing BTCA agenda (which also happens to be UN sanctioned & VISA/Paypal sponsored) & not helping anyone (but the billionaires who run the corporations). Private payment digital companies are laughing all the way to the bank as more nations join the BTCA agenda (& cash use shrinks).

Cash can co-exist with digital payments (bottom line) as it has for the past 100 years.