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Why no $500 or $1000 notes these days?
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<p>[QUOTE="Drago the Wolf, post: 1358460, member: 22476"]Oh, and two more things.</p><p><br /></p><p>One, I heard that the $500 and up were discontinued "due to lack of use" NOT because of drugs and crime rings, although I heard that argument as well. But there is NO lack of demand today, as I have seen people in stores paying for electronics and other expensive items in stores and they would whip out a wad of $100 bills, and I am sure that they would have prefered at least a $500, a $200, and a $100 bill, because they spent $800. </p><p><br /></p><p>Another reason I heard was that, the Treasury was running low on $500 bills, and they were not seeing much use and demand for them BACK THEN, so, the government did a public opinion poll, asking if people wanted more $500 bills, and most people said that they would just use $100 bills for large end purchases, because $100 actually meant something back then. So they figured, it was not worth modifying printing more $500 bills, since almost no one argued to keep them, so, without the $500 bill, they pretty much figured that they would have to kill the $1,000, $5,000, and $10,000 bills as well. </p><p><br /></p><p>I'm suprised that the government listened to that public opinion poll, yet they won't listen to any public opinion poll that strongly supports eliminating the $1 bill, in favor of the dollar coin, to save money. Especially seeing as, they were not losing any money by printing $500 bills. I really do think that, if anything, they should have kept printing $500 bills and lower, and just killed the $1,000, $5,000 and $10,000, while another part of me (the devil in me, of course :devil: ) feels that we should still have all four large denominations today, even though I would not be able to touch too many $5,000 or $10,000 bills. And damn, if they still printed these large denominations, I would be putting away $16,685 away in redesigned currency, instead of $185 (unless they ever redesigned the $1 and or $2 bills, then I'd be putting away $16,688 if the large denominations were still around or $188 if the large denominations were gone)</p><p><br /></p><p>Hey, would anyone here, like it if the government rolled out redesign $1 and $2 bills as well as redesigned $200, $500, $1,000, $2,000, $5,000, and $10,000 bills at a premium with each currency redesign? They could just put such a high premium on the new $500 and up, that it would not be worth spending them (but then, they could still be counterfeited, so that would be a problem)[/QUOTE]</p><p><br /></p>
[QUOTE="Drago the Wolf, post: 1358460, member: 22476"]Oh, and two more things. One, I heard that the $500 and up were discontinued "due to lack of use" NOT because of drugs and crime rings, although I heard that argument as well. But there is NO lack of demand today, as I have seen people in stores paying for electronics and other expensive items in stores and they would whip out a wad of $100 bills, and I am sure that they would have prefered at least a $500, a $200, and a $100 bill, because they spent $800. Another reason I heard was that, the Treasury was running low on $500 bills, and they were not seeing much use and demand for them BACK THEN, so, the government did a public opinion poll, asking if people wanted more $500 bills, and most people said that they would just use $100 bills for large end purchases, because $100 actually meant something back then. So they figured, it was not worth modifying printing more $500 bills, since almost no one argued to keep them, so, without the $500 bill, they pretty much figured that they would have to kill the $1,000, $5,000, and $10,000 bills as well. I'm suprised that the government listened to that public opinion poll, yet they won't listen to any public opinion poll that strongly supports eliminating the $1 bill, in favor of the dollar coin, to save money. Especially seeing as, they were not losing any money by printing $500 bills. I really do think that, if anything, they should have kept printing $500 bills and lower, and just killed the $1,000, $5,000 and $10,000, while another part of me (the devil in me, of course :devil: ) feels that we should still have all four large denominations today, even though I would not be able to touch too many $5,000 or $10,000 bills. And damn, if they still printed these large denominations, I would be putting away $16,685 away in redesigned currency, instead of $185 (unless they ever redesigned the $1 and or $2 bills, then I'd be putting away $16,688 if the large denominations were still around or $188 if the large denominations were gone) Hey, would anyone here, like it if the government rolled out redesign $1 and $2 bills as well as redesigned $200, $500, $1,000, $2,000, $5,000, and $10,000 bills at a premium with each currency redesign? They could just put such a high premium on the new $500 and up, that it would not be worth spending them (but then, they could still be counterfeited, so that would be a problem)[/QUOTE]
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Why no $500 or $1000 notes these days?
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