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What Economic Sense Is There For US Not To Have Large Denominations Currency, Sa

  1. ngureco profile image82
    ngurecoposted 8 years ago

    What Economic Sense Is There For US Not To Have Large Denominations Currency, Say $1000 Bill?

  2. profile image44
    sonnyy1967posted 8 years ago

    First of all you must have a lot of money,to be worried about that.Second I can't even cash a hundred dollar bill,so whats the sense

  3. dabeaner profile image56
    dabeanerposted 8 years ago

    There are now equivalents of $1000 bills in REAL MONEY.  They are called one ounce GOLD COINS.  Canadian Maple Leafs, American Gold Eagles, South African Krugerrands.

    There are also fractional ounce coins.

    And soonyy1967 has a good point:  It is a pain in the a* to cash $100 bills; what do you think it would be like with $1000 bills?

    BTW, many, many years ago, before non-government counterfeiters got real good, there WERE larger denomination bills.

    FYI, government currency is a rip-off.  See
    What Has Government Done to Our Money? and The Case for a 100 Percent Gold Dollar
    http://www.amazon.com/exec/obidos/ASIN/ … ansheal-20

  4. garynew profile image58
    garynewposted 8 years ago

    With the soon to come inflationary cycle, your wish will likely come true, drug dealers be damned (literally and figuratively).

 
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