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Should the U.S. have $200, $500, and possibly $1,000 bills?
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<p>[QUOTE="Numbers, post: 778544, member: 11668"]The $500+ were discontinued in 1969 due to lack of demand. The story about money-laundering concerns came along later, in the '80s, when Congress came close to discontinuing the $100 denomination for that reason.</p><p> </p><p>What happened in 1969 was that the Federal Reserve finally ran low on $500's, some twenty-five years after the last printing in the '40s. That's when they decided that, if one printing had lasted *that* long, it just wasn't worth anyone's trouble to update the designs to allow for a new printing. (The currency designs had been resized twice since the Series 1934 high-denomination notes, so there would've been quite a bit of work to do in order to create a Series 1969 $500, not merely a signature change....) And as long as they were discontinuing $500's, they pretty well had to discontinue the higher denominations as well.[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 778544, member: 11668"]The $500+ were discontinued in 1969 due to lack of demand. The story about money-laundering concerns came along later, in the '80s, when Congress came close to discontinuing the $100 denomination for that reason. What happened in 1969 was that the Federal Reserve finally ran low on $500's, some twenty-five years after the last printing in the '40s. That's when they decided that, if one printing had lasted *that* long, it just wasn't worth anyone's trouble to update the designs to allow for a new printing. (The currency designs had been resized twice since the Series 1934 high-denomination notes, so there would've been quite a bit of work to do in order to create a Series 1969 $500, not merely a signature change....) And as long as they were discontinuing $500's, they pretty well had to discontinue the higher denominations as well.[/QUOTE]
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Should the U.S. have $200, $500, and possibly $1,000 bills?
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