Should the $500 banknote be revived?

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No votes (0%)
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18 members have voted

July 25th, 2018 at 12:08:11 PM permalink
kenarman
Member since: Oct 24, 2012
Threads: 14
Posts: 4516
Quote: Evenbob
Because change isn't really money?


It is usually treated as meaningless by many people. When someone asks you how much money you have on you Bob do you count all the change in your pocket?

Until we got rid of the penny lots of the kids threw their pennies away on the ground.
"but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin
July 25th, 2018 at 12:19:51 PM permalink
AZDuffman
Member since: Oct 24, 2012
Threads: 135
Posts: 18212
Quote: kenarman

Until we got rid of the penny lots of the kids threw their pennies away on the ground.


Dumb kids. I've been saving mine.
The President is a fink.
July 25th, 2018 at 12:24:36 PM permalink
Evenbob
Member since: Oct 24, 2012
Threads: 146
Posts: 25011
Quote: kenarman


Until we got rid of the penny lots of the kids threw their pennies away on the ground.


I did that for years. Threw them in the
parking lot. They were always gone the
next time I was at the store.
If you take a risk, you may lose. If you never take a risk, you will always lose.
July 25th, 2018 at 1:30:19 PM permalink
odiousgambit
Member since: Oct 28, 2012
Threads: 154
Posts: 5111
Quote: Wizard
Call me a racist if you wish, I'm going to use tens and fifties of they come out with that 20.


For an escalation in what I would prefer to call racial bigotry, I agree. Was it impossible to imagine a smiling Tubman? Or was that shot down by feminists, resentful that women always "have to be smiling" ? On to sexual bigotry now*.

I predict in fact that it will be common to want to diss the Tubman, but that will be what the ATMs will be kicking out. I think it is a done deal.

I never hated Obama, though I agreed with him about little. One of the things that disappointed me was evidence of "gotcha" like that, the black man getting even.

*I never use "gender" when "sex" is appropriate. I truly believe the modern insistence that we use the word gender comes from an agenda to normalize the idea that there is not just two sexes but instead a multitude of genders. Once just speculation, now that agenda is out in the open for all to see
I'm Still Standing, Yeah, Yeah, Yeah [it's an old guy chant for me]
July 25th, 2018 at 3:18:09 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
Quote: odiousgambit
For an escalation in what I would prefer to call racial bigotry, I agree. Was it impossible to imagine a smiling Tubman? Or was that shot down by feminists, resentful that women always "have to be smiling" ?


I would imagine there were not many pictures of Tubman taken and complaints about changing history. If they put scientists on money, I wouldn't want to see Stephen Hawking in my wallet every day either. I'm sorry, but money is supposed to be attractive as well as functional.

If it makes anyone feel better, I would not oppose Martin Luther King on a banknote. If we're low on a quota of women, them I'm back to Sacagawea.

If we must have a black female, then I nominate Mia Love.

Knowledge is Good -- Emil Faber
July 25th, 2018 at 4:59:11 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
Quote: Wizard
If they put scientists on money, I wouldn't want to see Stephen Hawking in my wallet every day either. I'm sorry, but money is supposed to be attractive as well as functional.


Britain doubled down with the Watts and Boulton banknote by putting two unattractive scientists on one note.


Female Opera Singers and Classical musicians are popular around the Western world. Perhaps the USA should try that. This singer is from Australia.


Because Britain has 7 banks outside of the central bank which are legally allowed to print banknotes, they get a variety of notes.


Maybe the USA should relax a little bit on the $1 banknote and give some guidelines but let each of the federal districts produce their own notes. That would give some regional variety without endangering the system.

July 26th, 2018 at 12:46:25 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
Quote: Wizard
If we must have a black female, then I nominate Mia Love.


By an 1866 Act of Congress, no living person can be portrayed on U.S. coins or currency. While the new Canadian note is faithful recreation, it is a flattering photo.






Marian Anderson (February 27, 1897 – April 8, 1993) is IMHO a good candidate to be on currency. As I said earlier, opera singers are popular figures to depict on currency.


Marian Anderson singing at the Lincoln Memorial in 1939.
July 27th, 2018 at 6:18:56 AM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569




I wonder if Bahamas or Bermuda will ever produce a $500 banknote?
July 27th, 2018 at 1:34:40 PM permalink
Wizard
Administrator
Member since: Oct 23, 2012
Threads: 239
Posts: 6095
That Bermuda note is very nice.
Knowledge is Good -- Emil Faber
November 5th, 2018 at 10:24:19 PM permalink
Pacomartin
Member since: Oct 24, 2012
Threads: 1068
Posts: 12569
The European Central Bank (ECB) unveiled the new €100 and €200 banknotes, which will enter into circulation on 28 May 2019. The €500 denomination will not be included in the new series, but the old banknotes will remain legal tender. However, like the 1928 and 1934 US$500s they will be destroyed if they are deposited in the bank.

Present circulation figures are 2,733 million €100 banknote, 251 million €200 banknotes and 518 million €500 banknotes for a population of 341 million . However, production of the €200 banknote in the new series is radically increased to replace the missing demand of the €500 banknote.




The Germans are upset because the higher value deutschmark banknotes were worth the following values in Euros.
DM1000 = €511.29
DM500 = €255.65
DM200 = €102.26
DM100 = €51.13
(prior to 1960 the largest denomination was DM100; DM1000=$250 in 1960)

In the year 2000 there were roughly a dozen DM100 banknotes per capita in circulation, combined DM200 and DM500 banknotes at 1 per capita, and 1 per capita DM1000 banknote. So obviously the Germans everyday ATM note was the DM100, but they had relatively small numbers of the higher banknotes to serve as "store of value".

Without a higher denomination banknote, the printing presses of the United States Bureau of Engraving and Printing are going full bore producing the $100 banknote (131.2 million notes last month alone).
Circulation numbers for the $100 banknote have now passed every other denomination including the $1.
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