| Author |
 Replies: 23 / Views: 4,129 |
|
New Member
41 Posts |
I believe that with inflation and a growing amount of products and things being more expensive, it would only make sense to make large denominations again. They did it in the 1900's, where you can buy a pop for 5 Cents. So why not now where you go to the movies and a pop cost $5. like 100X inflation. So I thought it would be cool and useful if Canada revived the large denominations. Maybe not as ridiculus as a $1000 bill, but a $500 or atlas a $200 which would make more sense. Turns paying $1000 bill into 5 bills instead of 10. or $10000 from 100 bills into 50 bills. $500 might be ok but $200 bill makes a lot of sense. I would probably just want the $500 bill for collectors value and what not. BUT yeah, long live the $200 bill.  |
|
|
|
Pillar of the Community
United States
7628 Posts |
Won't happen.
Making high denomination bills makes it too easy to move large amounts of cash around undetected.
Undetected money equals money that's not getting taxed or is being used for nefarious purposes.
Governments don't like not getting their "piece of the action".
|
|
New Member
 41 Posts |
That's exactly what I'm saying. Maybe not the $500. But the $200 makes sense.
|
|
Pillar of the Community
Canada
5324 Posts |
Never happens unless the US revives their large denominations
|
|
Pillar of the Community
Canada
2805 Posts |
Quote:
Never happens unless the US revives their large denominations Really? I thought it was an established fact that Canada is usually ahead of the United States in these matters. |
|
Pillar of the Community
Canada
3049 Posts |
Never know.... election year.. government has had a pretty bad track record of changing the actions and decisions made by a previous government. The previous government got rid of the $1000 note and I personally think for good reason!
From a collector`s point of view I see large denominations as a waste. It just ties up way too much money!
The 80`s bird series $1000 notes sell for anywhere between $100 - $700 above face. For having that sort of money locked up for nearly 30yrs I say that`s a lousy return!
You would have been far better to get a bundle of $5 notes... extract the best serial numbers kept them in UNC shape and sold them for 7-15x their face value... WAY better rate of return!
|
|
Valued Member
United States
214 Posts |
The RCM already has the RCM$200 for $200 coin so the denomination already exists in coin form. |
|
Pillar of the Community
Canada
3049 Posts |
Not even CLOSE to the same thing
|
|
Pillar of the Community
Canada
5324 Posts |
Apparently there was pressure by the US government agencies to have Canada follow suit to eliminate the 1000.00 bill for money laundering purpose.
|
|
Pillar of the Community
 Canada
5402 Posts |
Will never happen. You may well see a five dollar circulating coin first. There is no need for anything bigger than a hundred dollar bill .
|
|
New Member
41 Posts |
I didn't even know. I thought it was just the 500 Euro. But apparently Europe has a 200 Euro note. And that's the one they are not worried about, it's the 500. I think a $200 bill for the 21st Century just makes too much sense.
|
|
Valued Member
Netherlands
115 Posts |
I live in the Netherlands and the bills of 100,200 and 500 euro are almost never used. Shops don't like them because the chance of fakes is to high.
Edited by Gebs
09/28/2015 04:05 am
|
|
Pillar of the Community
Germany
992 Posts |
Quote:
I live in the Netherlands and the bills of 100,200 and 500 euro are almost never used. Shops don't like them because the chance of fakes is to high. Which is ridiculous because it's the 50 and 20 Euro bills that are most frequently forged and that by a wide margin. The higher denominations are actually pretty safe. Here in Germany, the 100 Euro bill is used and found in circulation and accepted by most shops and stores. The 200 and 500, however, are rarely used. Regarding Canada, a $150 bill might be possible for the Anniversary in 2017. But I'd give it only a small chance. Higher denominations (200 or 500) won't happen. See westernsky's post for why. Edited by redlock
09/28/2015 05:03 am
|
|
Pillar of the Community
United Kingdom
2624 Posts |
The biggest ever denomination notes I ever handled were the $2,500 Singapore notes. Thailand has 500,000 baht notes but in England our biggest is £50 (Scotland has £100 notes) but even these are treated suspiciously with some shops refusing to take them. Our bank does print some bigger notes, I am not sure of their purpose because they are not in general circulation but is this big enough?  |
|
New Member
41 Posts |
In Canada the currency is made of polymer instead of cotton fibre like the euro. So counterfeiting would be extremely harder to do here than in europe. So counterfeiting shouldn't be a problem.
|
|
Valued Member
165 Posts |
As a consumer, would you carry a few hundred dollars in your wallet? Probably not. How many of us ever carry more than a couple of 20 dollar bills? What is the point of having anything larger? Use a credit card.
|
| |
Replies: 23 / Views: 4,129 |
Posted 09/27/2015 10:34 am
