Lobbying For $200, $500, And Possibly, $1,000 Bills

Grassroots campaigns usually are for the Common Man, and us middle class people don't have much use for a $1000 note. You'll have a better chance of saving the penny, because it will poor people who will be hardest hit rounding up to the nearest nickle.

There's a lot of anxiety over large bills in this country. We have been conditioned to think that only criminals use cash. Law abiding citizens use credit cards, like good little consumers.

Those large denomination notes were originally meant for inter-bank money transfers, before the days when wire transfers and checks were common. There's no need for them today, until, as has been pointed out, inflation hits and we start to look like early 1990's Mexico with 10,000 peso notes and such.

That said, it would be fun to show up at a real estate closing with a handcuff-attached briefcase full of $1k notes...

Lobby away. I wouldn't mind seeing them out there one bit, but I'm skeptical of how successful your efforts would be. You might have a plank to stand on with the gaming industry, which does use the $100 extensively. So they may want to lobby for a 200, 500. The other problem would be spending them, which would probably be limited to Vegas. Some retail establishments don't even accept 100's or 50's these days.

when I work on the race track on the weekends, I usually get $100 notes. I keep one for emergency spending, but most get deposited in the bank. Last time I spent $100 notes, was buying my last Morgan dollar at the local coin show.

And I would still take all of your customers because I will round down.

We are very close to that happening but most people are still in denial about it. It's a lot easier for people to stick their head in the sand and pretend everything is fine than to face reality. With the purchasing power of the dollar being eroded there will be a need for larger denomination notes soon enough. But I personally am in no hurry to see that happen either since I understand what that really means.

Nickelman,

How soon could you see the U.S. "at least" reissuing the $500 bill? I mean, there was a Congressional testimony titled "Will Jimbo Euro Noyes Threaten the Greenback?" and in that testimony they were saying "It's not on the "drawing board" But it IS on the "radar screen" and another person in the testimony said "Ueah, its not exactly a "front burner" item but it IS on the top of the stove, and it will continue to get attention" So just "how" close do you think we are to $500 bills, and possibly $200 and or $1,000 bills (But please, no suggestions for a $250 bill, some people I talked to in the past suggested that, and I said, "No, a $250 bill is just too odd, and I would rather have an even $200 bill" Besides, with all of the young teenagers we get for cashiers at some places, who are not the brightest, might get confused by a $250 bill as opposed to a $200 bill)

Here is the link to the Congressional testimony I spoke of:

http://commdocs.house.gov/committee...a51647_0.htm

Imagine finding one of those on the ground

Woodford,

My mother has actually lost $100 bills a couple times in her lifetime so far, so she always tells me that I would holding on to her $200s, $500s, and $1,000s if issued. And my uncle, who is not all there, told me "I would rather have five $100 bills , because if I lose one $500 bill, U'm be like "Oh Drat!" if you know what I mean.

As for WHO should be on the new $200 bill, I propose Theodore Roosevelt on the obverse, as he is the "only" president on Mount Rushmore who is not currently on a circulation coin or Federal Reserve note. Likewise I would like a picture of Mount Rushmore on the reverse of the new $200 bills.

As for the $500 and $1,000 if we did a $1,000 again (and I could really still see a use for even a $1,000 bill, but no denomination higher than that, for now) I would like to see the $500 keep William McKinley and the $1,000 keep Grover Cleveland, and I would also like to se the new $500 and $1,000 keep their same reverses, only modernized. Believe it or not, the back of the last $500 bill is my favorite design of all of the U.S. banknotes I know of. I love that oval with that hige numeral "500" with the zero in the middle that gets bigger than the 5 and other zero. And as for the $1,000 bill, the fancy text "The United States of America" and "One Thousand Dollars" would be a great design to add many security features that would be needed on such a large denomination bill. And of course, "In God We Trust" must be added in somewhere. But like I said, even with $500 bills, I'd still find it nice to also have $1,000 bills, but I am not saying $500 bills wouldn't help. They would. And so would $200 bills, just to fill in the gap even better. Of course, I would not see $1,000 bills too ofyen. Maybe around the holidays, for sure.