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 Replies: 21 / Views: 4,120 |
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Pillar of the Community
Canada
1581 Posts |
Interesting that the extremes of Canadian cash have been withdrawn.
Kids today have no sense of the value of abstract numbers in an electronic ledger. Parents need to define chores and have kids earn transfers via NFC taps of smartphones.
Hmmm
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Pillar of the Community
Canada
2805 Posts |
Kids today!
OK, usually the kids in question will go along with that kind of blanket statement, because deep down they know that while they certainly aren't dumb, all those other kids definitely are.
But I think kids these days have the same mathematical ability as the kids of yesterday, i.e. rudimentary.
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Pillar of the Community
Canada
726 Posts |
I was at my small bank on friday.....They said I could purchase some 2.oo's they had in the to be destroy pile (In safe)...I said yes...They sold me 20.oo worth of 1986-2.oo's one was a little crip, others were Fine......when I went through them one was a crow-bouey,,,of which was amissing spot in my collection-now I hav one.....I also say and agree that there are a lot of these 2.oo's out there...No wonder collecters turn them into Banks for just the 2.oobucks---most still are only worht 2.oo
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Pillar of the Community
Canada
3049 Posts |
I totally understand why they got rid of the $1000 bill.... you're a drug dealer with 60K... you can easily be on a plane, bus or any other method of transportation and carry that on your person raising very little suspicion. It's a LOT harder to do with 100's.. let alone 20's...
All this does is cause a tiny nuisance for those that trade with very large sums.
As an aside... I once went to the bank.. and for some reason two guys were extracting will over 20K from the bank.. I had even overheard the banker say for their personal security they could write a bankdraft....they declined (my suspicious were that their intentions were pretty nefarious to say the least) And as the banker was counting all the 100's out.... I though "how stupid...the transaction is taking WAY too long and these two could easily be marked to be robbed after they leave the bank"... this kind of transaction would have drawn a whole lot less attention had there been 1K notes used...
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Pillar of the Community
 Canada
9872 Posts |
I have a pink in my safe. In a country of 35 million how many more are like me? How many are under mattresses or buried in backyards? Far more than in the hands of drug dealers or gangsters.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
3234 Posts |
I also took out a couple of "pinks" way,..way back,...just to hold them and examine them for a few days...Probably was a "cool" idea that I had at the time. Even way back then,..there was a follow up with checking the serial #'s.
Took them back to the same bank a few days later...I guess that lost $interest$ was also.. 'on my mind'....
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Pillar of the Community
708 Posts |
Quote:
I'd like to see the Government eliminate the $100.00, $50.00 and $20.00 bills too. No reason to have them anymore. High tech is here to stay!
Are you INSANE?! Getting rid of the Canadian $1,000 bill was just as foolish of a move as the U.S. getting rid of its $500, $1,000, $5,000 and $10,000 bills. And it was also foolish that Canadian retailers stopped the Bank of Canada from issuing a new Canadian $200 bill to replace their $1,000 bill as a larger denomination banknote. Could you imagine how much of a pain it would be to use $5 and $10 bills and loonies and toonies in Canada if you wanted to just use cash. Man, I hope this is never considered in the U.S. In fact, I'm glad that the U.S. is now considering bringing back our $500 bill. And hopefully, they'll add a $200 bill into the mix as well. I'm trying darn hard to convince them. |
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Valued Member
Canada
299 Posts |
The way governments throughout the world are printing....er, I mean quantitative easing, the $1000 bill's time may come around again and, even better, a whole new bunch of highly collectable (and highly denominated) notes will become available for collectors.  |
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Pillar of the Community
Canada
1581 Posts |
I'm sure the governments would love to get rid of cash.
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Pillar of the Community
Canada
617 Posts |
Still have a long way to beat:  More seriously, until they improve the security and cost of debit, I'm going to use cash wherever they don't take Visa. That means the bullion dealer, Costco and computer stores. The $1,000 bill would come in quite handy for that. And for coin shows. |
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Pillar of the Community
708 Posts |
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More seriously, until they improve the security and cost of debit, I'm going to use cash wherever they don't take Visa. That means the bullion dealer, Costco and computer stores. The $1,000 bill would come in quite handy for that.
And for coin shows. Well, on a website, I forget where I found it, but they were talking about getting rid of Canadian nickels and replacing the $5 bill with the foonie, and reducing the size of the loonie and toonie, to make coins lighter, and they may have said something about the half, and they said a Canadian $200 bill was years off, and a Canadian $500 bill was decades off. (Hmm...Seems if us U.S.ians reissue our $500 bill in a few years like they are considering, the U.S. may finally be "ahead" of Canada on something for once. Canadians may have gotten rid of pennies, and replaced $1 and $2 bills with coins first, but we U.S.ians may pass ahead of them with reissuing larger denomination currency. Interesting thought. I wish they were considering the U.S. $1,000 bill and a U.S. $200 bill, though. Well, they might be considering the $200 bill at least) Edited by Fox
10/28/2013 02:06 am
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Pillar of the Community
Canada
3692 Posts |
I wish they'd bring back the $25 bill even for just a year. Maybe put that baby on it and hope it doesn't get hoarded by pseudo-collectors. I still say that $200 bills are a wasted denomination if you're going to have $500 anyways. Imagine a Two Cents coin - it just doesn't work as well. Should be in multiples of 5. |
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Pillar of the Community
Canada
815 Posts |
The $1000 will never be demonitized.
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Pillar of the Community
United States
1001 Posts |
Correct, the $1,000 bill would probably never be demonetized, but it is highly unlikely that it will ever be reissued. If one finds it's way to a bank it would be retired or snagged by a collector.
Large bills (larger than $100) on both sides of the border will likely never be reissued. The legitimate need for these bills is nil.
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Pillar of the Community
708 Posts |
Quote:I still say that $200 bills are a wasted denomination if you're going to have $500 anyways. Imagine a Two Cents coin - it just doesn't work as well. Should be in multiples of 5. Well if you're right, doesn't that make the $20 bill a "wasted denominarion"? Quite frankly, I would rather carry two $200 bills over four $100 bills, or even one $200 and one $100 over three $100s. Just as I would rather carry two $2 bills/coins over four $1 bills/coins, and yes, I would support a reissued 2 cent coin, as long as it circulated, (I believe the Eiro has 2 cent Euro coins) because I'd rather carry two 2 cent coins than four one cent coins. As you already know, I would also even prefer to carry a half over two quarters, or one half and one quarter over three quarters. The lesser amount of coin and bills on my person, the better if the way I feel. |
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Replies: 21 / Views: 4,120 |
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Posted 10/26/2013 10:47 pm
