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 Replies: 55 / Views: 6,262 |
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Pillar of the Community
United States
1795 Posts |
Well you can carry credit cards and get scanned by thieves for their RFID codes embedded on your cards magnetic strips. Cash is King and anything over a hundred dollar bill would be nice and even welcomed by many people.
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Pillar of the Community
United States
5202 Posts |
Quote:
Guess some of you guys don't get to the BIG shows where there are hundreds of dealers and they are not set up to do credit cards, and if they don't know you they wont take your check for fear of it bouncing. True, that. At the last big show I went to I brought $4000 in $100 and $50 bills (and pretty much spent it all by the time I was done). I didn't actually carry the money in my wallet, however.
Edited by barryg
10/04/2013 9:24 pm
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Valued Member
United States
177 Posts |
$200 bills would be somewhat useful, as it makes you look like a big shot. And that's all they would do, as $100 is really the most people pay in cash unless they don't have a card or if card isn't accepted. $500 bills would be almost completely useless, and nobody would accept them due to widespread fear of counterfeiting.
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New Member
United States
36 Posts |
I do not understand why people are against 200 dollar bill, especially in current times where to buy grocery only you need like 200 a week, not to mention other payments. And please do not excuse this by takling about criminals; not to defend them but, because even if there were just 1$ bills they would still counterfeit them or find a different way of dealing and in Europe there is 500€ banknote and there is not much of them being counterfeited. 200$ or even 500$ banknote within next ten years will need to be implied because of the inflation that can be seen throughout the last twenty years, and I do not see anything wrong with that.
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Pillar of the Community
United Kingdom
2838 Posts |
Its not really the counterfeit worry, they just make it easier for criminals to move large values around on the 'low down'. Quote:
"We estimate that more than 90% of the 500 euro notes that are provided in the UK have actually gone into the hands of serious organised criminals." http://news.bbc.co.uk/1/hi/8678979.stmI think I'm right in saying these large notes are partly aimed at developing counties as a way for their governments to invest some of their wealth in a stable currency that won't inflate if something goes wrong at home. Large denominations mean the space needed is reduced and as they are often never spent its an attractive deal for the issuing countries. |
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Valued Member
Canada
71 Posts |
Regarding " I think the american dollar has a lot to gain by adding at least one denomination above $100", I really do not see how this can be. The $100 bill is probably the most counterfeited bill in the world; you can even buy some on Ali Express. The majority of money is in the form of digits on a screen anyway. In the grand scheme of things the American dollar is going to lose it's reserve currency status sooner than later; the weaponization of it was a HUGE mistake.
No one is going to buy groceries with a $200 bill. Or even $100. Why would I miss out on getting 3% cash back on my Credit card? If I were some cash-only zealot, I would much rather misplace or lose a single $20 bill in a stack of 10, then lose a single $200 bill.
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Bedrock of the Community
 United States
94367 Posts |
I don't get it. The $100 bill doesn't really circulate extensively except for, I'm guessing, large interbank or likely illegal cash transactions.
Why would a $200 bill be any different?
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Pillar of the Community
United States
4632 Posts |
As others have mentioned, with the use of cash declining, why add another denomination?
And did I read the OP mention a $2 coin ? That's just nuts.
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Moderator
United States
64158 Posts |
yeah, no, we don't need the cashiers to have to change out their cash drawers to accommodate an additional note.
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Pillar of the Community
 United States
4065 Posts |
A little thread necromancy here. =P
A $200 bill would be pointless for the same reason a $2 bill is pointless. You're only cutting the (very minimal) space requirement in half. $5 is a more sensible jump, and thus $500 would also make some sense—witness the 500€ note—except how often do you need to carry that much cash in your wallet in an indivisible block?
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Pillar of the Community
United States
1904 Posts |
No need to update the cash drawer to make room for a higher bill; cashiers would just put them under the existing tray like they do with $100s (they do still do that, don't they?). But hey, a bill was introduced last month to start making $500s again, with Donald Trump's portrait. I'm highly skeptical, but there it is. https://www.congress.gov/bill/118th...se-bill/8620 |
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Valued Member
United States
415 Posts |
The only extra bill denomination I thought would be good to have is the $25 bill. After all, we have quarters instead of Twenty Cent Pieces. A $50 is half a C note. A $25 bill would be a quarter C note. |
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Moderator
United States
64158 Posts |
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cashiers would just put them under the existing tray like they do with $100s (they do still do that, don't they?). Don't know - I use my card and not cash 
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Bedrock of the Community
Australia
21593 Posts |
Never had a credit card in my life, don't do any other sort of electronic payment.
The crims don't know that I exist.
Never been scammed
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Pillar of the Community
Germany
981 Posts |
Quote:
No need to update the cash drawer to make room for a higher bill; cashiers would just put them under the existing tray like they do with $100s (they do still do that, don't they?). Well, here in Germany (=Euro zone), it depends on the supermarket chain. There are chains where the €100 and €200 (yes, most supermarkets accept the €200 notes) are put under the tray. Some chashiers put the €100 in the compartment of (and together with) the €50. Not a problem because of different colours (€50 orange/brown, €100 green). There are chains which have an extra box beside the seat of the chashier where €100 and €200 are thrown in. There are also chains where the chashier has to throw in €50 notes in those extra boxes. There, you only receive €5, €10, €20 in change. However, most chains encourage you to pay cashless these days.
Edited by redlock
07/21/2024 01:01 am
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Replies: 55 / Views: 6,262 |
First Page
Posted 10/04/2013 9:22 pm
