$2, $20, $200 & $2,000 Notes - Coin Community Forum

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Author	Replies: 7 / Views: 1,900
Fox Pillar of the Community 708 Posts	Posted 02/28/2015 02:54 am Okay, I've heard from people that $2 notes (or coins) and $200 notes are not needed, and I am guessing they would say that, if all four large denominations were brought back, we wouldn't need a $2,000 note as well. This being the case, how many of you, who think we don't need $20 notes? The $20 note is our most popular U.S. banknote, and the second most widely used U.S. banknote after the $1 note. So, if we have $20 notes, why can't we have circulating $2 notes or coins if the $1 note is replaced by a coin, and a $200 note to carry less $100 notes, and a $2,000 note to carry less $1,000 or other denomination banknotes. So, how many of you people here, think we should get rid of the $20 note, even though many people suggest getting rid of the $50 note and the $10 note instead, but especially the $50 note. (My mother uses $50 notes on grocery day. For some reason she prefers $50s over $100s. Probably because we go to 7 Eleven a lot and you can't break a $50 or $100 note, unless you spend most of it. I always joke around with my 7 Eleven clerk friend, telling him "Yeah, if they bring back the $500 and/or issue $200 notes, I will be coming down there on his shift to buy a candy bar with a $200 or $500 bill, and expect change ) So, does anyone here, feel that we don't need the $20 note? I would hate to see any of our current denominations go, and would favor a few new ones, as you all know. *cough* $200, $500, and $1,000 notes *cough* Report this Post to the Staff

TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 02/28/2015 11:32 am No, because: Quote: The $20 note is our most popular U.S. banknote, and the second most widely used U.S. banknote after the $1 note. Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 02/28/2015 11:34 am By the way, why do you so wish to have strange/large/obsolete denominations introduced/reinstated? There are reasons why they don't circulate and why the government has not / ceased to issue them. Your desires are folly. Report this Post to the Staff
CelticKnot Bedrock of the Community United States 12817 Posts	Posted 02/28/2015 11:53 am Quote: Your desires are folly. Desires usually are. However I think Fox was just opening up a debate, not making a serious plea. I don't think we should get rid of the $20. A $200 note may make some transactions easier. In my opinion at this point "we" need to figure out what's going on with the cent, nickel, and dollar coin/note before worrying about larger paper denominations. Not that they couldn't be worked on concurrently but If we're making arguments purely on logic (as opposed to those capricious desires), we'd get more bang for the buck on the cent/nickel/dollar issues. Report this Post to the Staff
trikdoutcobalt Valued Member Canada 117 Posts	Posted 03/12/2015 11:34 am I like the 7-11 joke! Up here in Canada it's hard enough to spend a 50 dollar bill anywhere, even when the total is $40 or more. People are way too sceptical of forgery; even after we changed to polymer and it has gone dramatically down.. When I was in Germany I was at a gas station and bought a red bull with a 200 euro note and the cashier didn't even bat an eye. Reached into her till and gave me 197 odd euro in change and said have a nice day. I wish they would do that here. Every time anyone receives a 50 or 100 that they actually take, they throw it in the time lock safe. So annoying. Edited by trikdoutcobalt 03/12/2015 11:34 am Report this Post to the Staff
Fox Pillar of the Community 708 Posts	Posted 03/15/2015 10:50 pm @TypeCoin971793 Strange: NO. The Euro people have a 200 Euro note and it is not regarded as strange. A U.S. $200 Federal Reserve note would not be any more odd than the 200 Euro note. Large: Because of inflation. $100 does not go as far as it used to. And again, the Euro Zone has 200 and 500 Euro notes, so why can't the U.S. have $200 and $500 Federal Reserve note? And please, don't bring the argument of using checks and debit/credit cards. Some people prefer cash. Also, I have been in a line at stores a lot where I am waiting forever in a long line to pay, then when I get up to one person in front of me and they whip out their card, try to use it, the machine goes haywire, and I am stuck even longer, where, if the person simply used a $200 or $500 bill, the transaction would be quicker. So, not to be rude, but please, don't tell me about checks and cards. Besides, if the government and most of the general public thinks we should have a choice between $1 bills and dollar coins, then, why shouldn't we have a choice between credit/debit cards/checks and $200/$500 bills? Obsolete: Definately NOT, and nothing could be further from the truth. These large denomination banknotes are needed more now, than they were when they were last issued. A $100 bill back in 1969 was probably what a $1,000 bill would be today, but I'll settle for a $200 and $500 bill, unless the Euro decides to issue a 1,000 Euro note. Then I'd want a new U.S. $1,000 Federal Reserve note as well. Edited by Fox 03/15/2015 10:51 pm Report this Post to the Staff
MeadowviewCollector Pillar of the Community United States 4409 Posts	Posted 03/15/2015 11:43 pm Quote: I am stuck even longer, where, if the person simply used a $200 or $500 bill, the transaction would be quicker. Have you ever worked retail? Had a customer come in, gather up a small amount of items and then whip out a $100 bill and expect the store to make change? I've seen it firsthand and astonishingly that's the only denomination the person has on them. It's pretty hard to make change for a $100 when the drawer contains $50 or less. Report this Post to the Staff
Fox Pillar of the Community 708 Posts	Posted 03/16/2015 12:08 am @MeadowviewCollector, This is why there should be signs at stores stating "Can NOT accept $100 or larger bills without spending most of them!" Just like my local 7 Eleven has a sign posted that states "Sorry, we can not accept $50 or $100 bills, unless you use most of them!" Report this Post to the Staff
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