| Author |
 Replies: 11 / Views: 2,549 |
|
|
Pillar of the Community
708 Posts |
I remembered one time, from a friend, in 1999, I got an email that said $500 bills might be issued again, because the Treasury wanted to have extra money for if the "Y2K Bug" thing would have really messed things up. I wish that the reissue of the $500 bill would have happened back then, but obviously, it dod not, so, I was wondering, did anyone else here ever hear anything about this? Was the Treasury ever close to reissuing the $500 bill?
|
|
|
|
Pillar of the Community
Australia
2830 Posts |
In Australia, they printed and stockpiled so many $100 notes in 1999, that they didn't print any more until 2008.
|
|
Pillar of the Community
United States
742 Posts |
Why not pose this question to Treasury or the FED via FOIA?
Or is your friend or the people on this board more reliable?
|
|
Valued Member
United States
212 Posts |
Never heard that one before. Certainly does not make any sense at all if you think about it IMHO.
|
|
Valued Member
United States
137 Posts |
That does not sound accurate.
|
|
Pillar of the Community
United States
1358 Posts |
It may not be true, but it makes sense to me. The main reason behind the Y2K scare was the fear that computers worldwide would stop working, so some people might make a "run on the banks" and withdraw their money just in case. $500 bills would make sense for withdrawers with large accounts.
|
|
New Member
United States
31 Posts |
I don't know, fox, you sound more like Drago the Wolf every day...  |
|
Pillar of the Community
United States
2233 Posts |
Sorry to bump but I believe the Y2K scare was why the '95 series had high block letters.
|
|
Bedrock of the Community
United States
94367 Posts |
I've been a rag picker for a long time but never heard that one before!
|
|
Pillar of the Community
United States
992 Posts |
Large-denomination bills were withdrawn to eliminate money-laundering, there is no way the Government was going to re-introduce the bills and re-introduce the problem at the same time. Printing lots of $100 bills costs a lot less money than putting a new denomination back in circulation.
Look at the number of stores that don't accept $100 bills. Now how many of the remaining retail stores are going to accept $500 or $1000 bills?
|
|
Bedrock of the Community
United States
10038 Posts |
killer bees, acid rain, ozone hole, global warming, Y2k - all very good scare-em-alls for remaking the 500s and thousands I think  Any fantastic (or legitimate) excuse is actually OK with me. How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
|
Bedrock of the Community
United States
94367 Posts |
Just think of what a $500 bill could buy 50 years ago (when still available at the bank) in terms of today's prices - what, $2500 or more? Just 3-4 of them would buy you a nice new car back then.  |
| |
Replies: 11 / Views: 2,549 |
|
Posted 02/14/2013 06:52 am
