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Replies: 20 / Views: 3,863 |
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Valued Member
Canada
117 Posts |
Can we start a list of some banknotes that are issued, but rarely used in daily circulation? This topic fascinates me and I wonder if anybody else is also interested. Also, if anybody knows why they are not generally used, let's mention why :)
Off the top of my head I can think of:
Philippines 200 Peso USA 2 Dollar Taiwan 200/2000 NT
Edited by trikdoutcobalt 05/12/2019 4:07 pm
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Pillar of the Community
 United States
8938 Posts |
$2 aren't used b/c people believe they are rare or bad luck. So either spent at banks or tucked away and horded.
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Valued Member
 Canada
117 Posts |
Yeah, whenever I go down to the states I try to find a bank and go ask for a few $2's to spend and get all the weird looks when asking for and spending them. Keeps things interesting. That's why I'm wondering what it's like in other countries with similar 'issues'.
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New Member
United States
1 Posts |
The recycling center near my house always has 2$ in stock, idk why tho
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Moderator
 United States
56855 Posts |
 to CCF Rosebuds2. John1 
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Bedrock of the Community
Australia
21786 Posts |
How about a 100€, 200€ or 500€ ? I was in Europe for three months in 2018, and I never saw a single example of any of these high denominations.
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Bedrock of the Community
United Kingdom
17903 Posts |
Quote: How about a 100€, 200€ or 500€ ?  I travel frequently to Europe and never see anything larger than €50. Many businesses do not accept the higher value notes.
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Valued Member
 Canada
117 Posts |
Are they really that rare now? I give/receive them to/from clients at my work every day. When I was in Germany a few years ago, I spent a €200 note on a Red Bull and the cashier didn't even bat a eye. And this was in a really small town.
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Pillar of the Community
Canada
2571 Posts |
I think this thread should be retitled "Uncommon denominations." When I was in the Philippines this past February I had 3X 200 Peso notes which we spent 2 (saved the last which was AU). I really don't think they're all that rare (millions were printed) but I read (in an article about their Commemorative 2000 Peso) that they stopped printing them for lack of demand.
Re: the higher Euros, some shops refuse to take them. I believe they stopped printing the 500 Euro but I've seen a few 200 Euros this past fall while in Europe.
Really, IMO, when it comes to most uncommon denominations it's the users who determine their longevity.
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Bedrock of the Community
 United States
12815 Posts |
I don't think there's much to $2 US notes being thought of as bad luck these days. That used to be the case decades ago, which is why many of the older ones have one or more corners torn off. Apparently tearing off a corner or two helped negate the bad luck. Now they're not used because there's no demand and no one really knows about them.
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Pillar of the Community
Germany
1063 Posts |
£50 in the UK is hardly ever seen. I think I saw one, once. £100, I'm not even sure if there is one, but if there is, it's never seen by normal people.
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Pillar of the Community
Germany
992 Posts |
Quote: How about a 100€, 200€ or 500€ ? I was in Europe for three months in 2018, and I never saw a single example of any of these high denominations. Which countries did you visit? Seeing the high denominations in circulation pretty much depends where you are. Generally speaking, the southern Euro countries (e.g. Spain, Italy) don't like them. Here in Germany, the €100 note is not ''rare'' in circulation. In fact, many ATMs dispense them, especially when you can choose the denominations when withdrawing money. Rare is indeed the €200 note. The €500 is also rare in circulation because it is primarily used as ''store of value.'' But I have seen people pay with €200 and €500 notes. A rare occasion, yes. But it happens from time to time. As there won't be a second series €500 note the ECB expects the €200 note to replace the €500 note as ''store of value.'' The ECB ordered almost one billion of the new €200 note to be printed. The new €100 and €200 notes of the ''Europe Series'' will begin to enter circulation on May 28, 2019. England doesn't have a £100 banknote since the end of World War Two. Scottish banks issue £100 notes. However, I don't know how common they are in Scottland.
Edited by redlock 05/13/2019 02:44 am
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Pillar of the Community
United Kingdom
709 Posts |
@augsburger
There is no English £100 note. There are Scottish notes, but any Scots note is rare in England.
The English £50 is rare in circulation, I believe for two reasons. People are afraid of faked £50 notes because it is a lot to lose if your note turns out to be bogus. But mainly I think because larger transactions tend to be done via cards, and the £50 is too clumsy for small transactions.
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Moderator
 United States
187840 Posts |
Quote: $2 aren't used b/c people believe they are rare or bad luck. So either spent at banks or tucked away and horded. Some try to do their part... http://goccf.com/t/283571
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Moderator
 United States
187840 Posts |
 to the Community, Rosebuds2!
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Moderator
 Australia
16809 Posts |
Here in Australia, the $100 is rarely used. The only way to ontain them is over-the-counter at the banks, and some banks are now refusing to do so unless ordered in advance. The ATMs only dispense $50 and $20. Just like in America, where the $50 and $100 are rarely seen because the banks and ATMs only tend to issue $20 and under.
I suspect you will find this to be the case in most countries: their higher-denomination notes are theoretically still in use but in practice are scarce "on the street" because the banks refuse to supply them - usually out of fears of aiding and abetting money laundering, drug dealing and other organized crime. As if organized criminals were afraid of using lower-denomination notes. In truth, it's all part of the general move towards cashless society - governments are fine for minor transactiona to stay cash, but major transactions are supposed to all go electronic, where they can be properly tracked, taxed, etc.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Replies: 20 / Views: 3,863 |