Removing The $100 From Circulation - Coin Community Forum

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Author	Replies: 10 / Views: 579
jbuck Moderator United States 157700 Posts	Posted 10/10/2024 1:12 pm Some fuel for the cashless fire. Removing the $100 From Circulation Keep it civil. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff

redlock Pillar of the Community Germany 981 Posts	Posted 10/10/2024 1:25 pm Ah, nothing new there. The usual anti-cash lobbyists raising their heads and voices. Edited by redlock 10/10/2024 1:26 pm Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/10/2024 3:03 pm The C-notes are certainly popular in the underground economies I frequent. Report this Post to the Staff
jbuck Moderator United States 157700 Posts	Posted 10/10/2024 3:40 pm Quote: The C-notes are certainly popular in the underground economies I frequent. I always knew you were a gangster. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Pacificoin Pillar of the Community Canada 5124 Posts	Posted 10/10/2024 4:44 pm Drug dealers and the heavy hitter money laundering gang have no real need for $100 bills . There are much better ways to hide money or store it . Same lame excuse they got rid of $1000 dollar notes . Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 10/10/2024 5:09 pm I'm not a gangster. But we all understand when paying in cash is beneficial. Report this Post to the Staff
Marve65 Pillar of the Community United States 4629 Posts	Posted 10/10/2024 5:28 pm Last time I went to McDonalds I was told by the cashier that they don't accept $100 bills anymore. Wonder how many other places are phasing out the 100? Report this Post to the Staff
CoolBreeze Valued Member United States 117 Posts	Posted 10/10/2024 5:37 pm Quote: Some fuel for the cashless fire. Having something tangible makes you aware of your spending. When you remove that people overspend and get themselves in debt. People with credit cards have larger amounts of debt. People who switched from credit cards to cash tend to have less debt. I'm not saying do away with credit cards, but cash spending can result in more responsible purchasing. Report this Post to the Staff
jbuck Moderator United States 157700 Posts	Posted 10/11/2024 09:22 am Quote: I'm not a gangster. Are you sure? I am just ribbing you a bit! Quote: But we all understand when paying in cash is beneficial. This is true. Cash usage here saw a huge uptick during the Helene aftermath. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
jbuck Moderator United States 157700 Posts	Posted 10/11/2024 09:34 am Quote: Last time I went to McDonalds I was told by the cashier that they don't accept $100 bills anymore. The last time I found myself with a $100 note—probably several years ago now—no one would take it! I had to go deposit it at my credit union. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
jbuck Moderator United States 157700 Posts	Posted 10/11/2024 09:42 am Quote: Having something tangible makes you aware of your spending. For some people, yes. Not me though. I am a spreadsheet junkie! Quote: When you remove that people overspend and get themselves in debt. Not those of us who are responsible for our actions and know how to maintain a digital budget. Quote: People with credit cards have larger amounts of debt. Not me. I pay my card every month. My house and car are paid off, too. Quote: People who switched from credit cards to cash tend to have less debt. Perhaps, but I can neither confirm or deny that from my experiences. Quote: I'm not saying do away with credit cards, but cash spending can result in more responsible purchasing. I am certain there are people who would benefit, but it feels like that is the wrong cure for their disease. There are many digital tools to help control spending, if people are willing to use them. And they will have to in a generation or two from now because cash will be gone by then. Enjoy it while we live, because when we are dead, cash will not be far behind. Coin Collector Since 1978 My Avatar My Old Avatar My 7070 My Eisenhower Dollars CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
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