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Message:: [QUOTE="Drago the Wolf, post: 1244995, member: 22476"]The ownership of $500, $1,000, $5,000 and $10,000 bills was NOT outlawed, but the government stopped issuing them on that date and started withdrawing and destroying them as they made it back to banks. $500 and $1,000 bills are fairly cheap enough to buy depending on grades, but $5,000 and $10,000 bills usually go for around $100,000 each or higher or a little lower, and are not something the common man can afford to own unless he has money. You buy them at coin and currency dealers. Or if you're lucky, you could find one at a bank, but its 99.9% unlikely. There were three rumors as to why the $500 and up were discontinued: 1: Richard Nixon haulted their production to combat organized crime rings. 2: They ran low on a supply of $500 bills and were going to print more, but did public opinion polls and people said they would just use $100 bills in their "large" transactions (You know? Back when $100 actually MEANT something) so the government figured they did not need $500 bills and also figured that, if they were going to discontinue the $500 bill, they would have to discontinue the $1,000, $5,000 and $10,000 bills as well. (I don't see a logic behind any of that, as it would have been easy to print more $500 bills but they said that they would have also had to redesign the $500 and up to include "In God We Trust" and for 32 subject sheets, which they thought was not worth it, so that was the end of them) And 3: They just state that, with new electronic forms of payments and checks, there is no demand for $500 bills and up anymore. (And I tell you, nothing is further from the truth in my opinion. I would love AT LEAST a $500 bill, if not a $200 and $1,000 bill as well)[/QUOTE]

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