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<p>[QUOTE="Notaphylic_C, post: 8071548, member: 130786"]Just to be clear: all the policy means is that no retailer (nor business) must accept the 4 denominations (but banks will). Few people try to pass on the $1 or $2 (as tips) and nobody will try to use the $1000 (which haven't been issued in 40 years). So the policy was aimed to encourage hoarders to remit the older $1/$2/$1000 notes. They currently come into banks (which exchange them at FV) & one <a href="https://cdnpapermoney.com/index.php?topic=15739.msg69792#msg69792" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://cdnpapermoney.com/index.php?topic=15739.msg69792#msg69792" rel="nofollow">enterprising collector</a> has been getting lucky tapping into that cull. It would pretty crazy to deposit a $500 (worth $3000-$80,000 in VG as less than 40,000 were printed) so it's mostly $1000 (& the lower denoms) that get deposited at banks.[/QUOTE]</p><p><br /></p>
[QUOTE="Notaphylic_C, post: 8071548, member: 130786"]Just to be clear: all the policy means is that no retailer (nor business) must accept the 4 denominations (but banks will). Few people try to pass on the $1 or $2 (as tips) and nobody will try to use the $1000 (which haven't been issued in 40 years). So the policy was aimed to encourage hoarders to remit the older $1/$2/$1000 notes. They currently come into banks (which exchange them at FV) & one [URL='https://cdnpapermoney.com/index.php?topic=15739.msg69792#msg69792']enterprising collector[/URL] has been getting lucky tapping into that cull. It would pretty crazy to deposit a $500 (worth $3000-$80,000 in VG as less than 40,000 were printed) so it's mostly $1000 (& the lower denoms) that get deposited at banks.[/QUOTE]
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