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Interesting Article On The Canadian $1000 Note.

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 Posted 10/28/2013  01:50 am  Show Profile   Bookmark this reply Add EastVanRob to your friends list Get a Link to this Reply
Still have a long way to beat:
Interesting-Article-On-The-Canadian-$1000-Note.

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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 Posted 10/28/2013  02:04 am  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply

Quote:
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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Libertad's Avatar
Canada
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 Posted 10/29/2013  8:32 pm  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
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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Anjohl's Avatar
Canada
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 Posted 10/29/2013  10:19 pm  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
The $1000 will never be demonitized.
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n9jig's Avatar
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999 Posts
 Posted 10/30/2013  07:03 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
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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 Posted 10/30/2013  5:26 pm  Show Profile   Bookmark this reply Add Fox to your friends list Get a Link to this Reply

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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