To say that we don't need large denominations to be brought back is downright foolish. With the impact of over a century of inflation, they would be used just as frequently as 100 dollar notes. Millions of people make transactions in excess of 500 dollars daily, so these notes could see use once again. 500 was a lot of money back then and could buy an entire vehicle off a showroom floor. Today, if someone wanted to pay cash for a car, they would have to bring a whole briefcase full of 100s to do the same job that a stack of 500s could knock out. 1000s would be easier to count and keep track of in large transactions as well. Crooked folk are always gonna exist. There will always be people using large amounts of money to be shady, and there is literally nothing that can really be done to stop it. What can be done is seizing their assets after they get done screwing up and placing them behind bars like we're supposed to. We shouldn't let the poor choices of a few dictate the amount of money we can carry without it looking obvious. Yes, cashless transactions are widespread taking over, but millions of folk love the look of cold hard cash. People have faith in their cold hard cash versus an arbitrary number on a screen. Cash is physical. Tangible. It's not going away anytime soon. Bring back large denominations. Kinda unfair that only a small amount of people had the privilege of being born in a time with these around. They should never have been taken away.
Agreed... 500 is not much money nowadays with weekly salaries of the skilled tradesmen being well over a couple grand a week .... so just cashing your check would require you to have over 20 100 dollar bills in your wallet..... Inflation has made our money so worthless that it won't be long before you'll be making 10,000 a week and pocket change will be about 3 or 4 grand....
@@thefreese1 you're absolutely right. Back when these big bills were pulled from circulation, the main excuse was "seldom used". Makes sense as there weren't many folk trotting around with 500 dollars let alone 10,000 dollars. Today, 500 dollars would still leave me owing a balance on my electric bill.
#7:51 We had a couple employees from the Cleveland Federal Reserve Bank (FRB) do a "talk" about the FRB at our coin club several months ago. They said that the $500 and $1,000 Federal Reserve Notes were used as "Gold Transfer Notes" between banks.
Thanks a lot Christian. We may have bigger notes if we end up losing more value of the dollar lol. Thanks for the informative videos. You deliver the facts well. And since I recently got in currency notes too. I enjoyed it thanks. This hobby of stacking, then collecting numismatics, now currency notes, what's next lol. I love getting new items in my collection, an these videos help me find something new to look for all the time. Keep it coming. Thanks again
The reason why they don't issue USD 500 bills today, despite inflation, is the same that the EU doesn't print EUR 500 notes since 2014: to make money laundering more difficult. Besides, a $500 note in 1934 would have the acquiring power of ~ $ 10,000 today [2021].
I do see what you’re saying. I would like to add that $500 bill would actually only be worth $500 today if they printed them. $500 would not even get a woman out the door today. If you include her hair products her make up her hygiene and bathing products, her manicure/pedicure Products or costs, her undergarments, her outfit and shoes. Taking the kids for jeans and athletic shoes, cost more than $500.
Because Cyprus, Kaiman Islands and Channel Islands were full of 500€ and $500 bills? No it's not money laundering, it's about disintensifing the use of cash to get better control over the citizens.
You definitely always share new and interesting information. I heard that they are going to be banned in Australia... Not sure though. I do mean the Australian Dollar large notes..
Hi Christian, interesting video, I have a few that my father got at the bank in the 1950’s to 60 for face .Not in great shape but neat to have. Take care, Bill
I somewhat agree as $500 may be too much but a $200 I feel is needed. If I buy a used car or even electronics privately on places like Facebook market or Craigslist it would make it way easier to have 5 or 10 $500s than having to get a big stack of $100s. I also play poker at the casino occasionally and it would make buying in and cashing out easier, as it would for other games too. $100 just doesn’t buy what it used to.
Side note, when the high denominations were withdrawn, $100 was worth about $600 in today’s money, so reissuing $500s would actually be worth less than what $100 was worth when they were discontinued. $100 today is only about $30 in 1960s money.
@@_The_Worst_ I disagree that it would be a small minority. Tens of millions if not hundreds of millions of Americans make cash transactions over $500 (certainly over $200) every year. Almost all of Facebook market and the sites like it are done through cash. Also millions of Americans gamble on average $600 per visit to the casino.
I think America should do away with notes all together. Also do away with the federal reserve as a whole and go back to constitutional currency. It would be a hard transition but better than the inevitable (eventual) end of our fiat currency.
Those currency bills might be counterfeit. Mail them to me and I will perform a forensic examination of them. Upon completion, I will return them to you.
![ไลฟ์สุ่ม iPhone 295 บาท... โกงมั้ย?[ โกงมั้ยครับ ep.97 ] | DOM](http://i.ytimg.com/vi/gdstHEE4UUE/mqdefault.jpg)
To say that we don't need large denominations to be brought back is downright foolish. With the impact of over a century of inflation, they would be used just as frequently as 100 dollar notes. Millions of people make transactions in excess of 500 dollars daily, so these notes could see use once again. 500 was a lot of money back then and could buy an entire vehicle off a showroom floor. Today, if someone wanted to pay cash for a car, they would have to bring a whole briefcase full of 100s to do the same job that a stack of 500s could knock out. 1000s would be easier to count and keep track of in large transactions as well. Crooked folk are always gonna exist. There will always be people using large amounts of money to be shady, and there is literally nothing that can really be done to stop it. What can be done is seizing their assets after they get done screwing up and placing them behind bars like we're supposed to. We shouldn't let the poor choices of a few dictate the amount of money we can carry without it looking obvious. Yes, cashless transactions are widespread taking over, but millions of folk love the look of cold hard cash. People have faith in their cold hard cash versus an arbitrary number on a screen. Cash is physical. Tangible. It's not going away anytime soon. Bring back large denominations. Kinda unfair that only a small amount of people had the privilege of being born in a time with these around. They should never have been taken away.
Agreed... 500 is not much money nowadays with weekly salaries of the skilled tradesmen being well over a couple grand a week .... so just cashing your check would require you to have over 20 100 dollar bills in your wallet..... Inflation has made our money so worthless that it won't be long before you'll be making 10,000 a week and pocket change will be about 3 or 4 grand....
@@thefreese1 you're absolutely right. Back when these big bills were pulled from circulation, the main excuse was "seldom used". Makes sense as there weren't many folk trotting around with 500 dollars let alone 10,000 dollars. Today, 500 dollars would still leave me owing a balance on my electric bill.
@@sincity2562 and rent, house, or car payment
I love these deep dive videos, Christian. Really fantastic work.
Thanks silverpicker!
Excellent video bud. The 1918 500 is in my wish list. Maybe one day I’ll sell off a portion of my collection and pick one up. Thanks for sharing!
Thanks! Would be an awesome get.
#7:51 We had a couple employees from the Cleveland Federal Reserve Bank (FRB) do a "talk" about the FRB at our coin club several months ago. They said that the $500 and $1,000 Federal Reserve Notes were used as "Gold Transfer Notes" between banks.
Thanks a lot Christian. We may have bigger notes if we end up losing more value of the dollar lol. Thanks for the informative videos. You deliver the facts well. And since I recently got in currency notes too. I enjoyed it thanks. This hobby of stacking, then collecting numismatics, now currency notes, what's next lol. I love getting new items in my collection, an these videos help me find something new to look for all the time. Keep it coming. Thanks again
True! Thanks so much. I really appreciate the thoughtful comment.
the value on all of these is crazy now
Great study! Always wondered about them. Unaware of the variety. Thank you.
Glad to help!
The reason why they don't issue USD 500 bills today, despite inflation, is the same that the EU doesn't print EUR 500 notes since 2014: to make money laundering more difficult.
Besides, a $500 note in 1934 would have the acquiring power of ~ $ 10,000 today [2021].
I do see what you’re saying.
I would like to add that $500 bill would actually only be worth $500 today if they printed them. $500 would not even get a woman out the door today. If you include her hair products her make up her hygiene and bathing products, her manicure/pedicure Products or costs, her undergarments, her outfit and shoes.
Taking the kids for jeans and athletic shoes, cost more than $500.
Because Cyprus, Kaiman Islands and Channel Islands were full of 500€ and $500 bills? No it's not money laundering, it's about disintensifing the use of cash to get better control over the citizens.
excellent, one of the best presentation in notes.
Thanks so much Hutch!
I’d like to see new $500 notes. But since governments want cashless transactions, I doubt it will happen. #taxavoidance
Notification squad lol, always enjoy your videos man!
Thanks Christian! Nice name!
You definitely always share new and interesting information. I heard that they are going to be banned in Australia... Not sure though. I do mean the Australian Dollar large notes..
Thank you so much!
Curious about the crucifix on back of 500 dollar bill. But can’t seem to find that information. Yet
I love it those 500 dollars currency, hi from NYC
Great video and info! Thanks for sharing! 👍😀
For sure!
Nice they are some neat notes thanks for sharing 😀😀👍👍
Thanks!
Awesome content!
Hi Christian, interesting video, I have a few that my father got at the bank in the 1950’s to 60 for face .Not in great shape but neat to have. Take care, Bill
That's awesome. Really cool to hear about.
HOWDY DEAR CHRISTIAN AND CONGRATULATIONS FOR THIS GREAT VIDEO.EVERY WEEK IS A GREAT JOY SEE YOU AND TREASURE TOWN COINS TOO😀👍🇺🇸🇺🇸🇺🇸❤
Thanks so much for the support, Harry!
wow , trop classe c'est billet de banque, bravo mon ami, big like 👍
Where can I look for $500 dollar bill? Any websites or place you recommend?
EBay
There are indeed 1928 GC$500 Star Notes.
These are really cool bills ... thanks for sharing
For sure!
I have over 100 dollars worth in face values in the Republic of Texas redbacks. How much is a 100 dollar redback bill from the 1830’s worth
Wow! No idea
Nah, I don't think we need to bring back the $500 banknote...👌🏼💯✔
I somewhat agree as $500 may be too much but a $200 I feel is needed. If I buy a used car or even electronics privately on places like Facebook market or Craigslist it would make it way easier to have 5 or 10 $500s than having to get a big stack of $100s. I also play poker at the casino occasionally and it would make buying in and cashing out easier, as it would for other games too. $100 just doesn’t buy what it used to.
Side note, when the high denominations were withdrawn, $100 was worth about $600 in today’s money, so reissuing $500s would actually be worth less than what $100 was worth when they were discontinued. $100 today is only about $30 in 1960s money.
@@Mrbg123 The case you made just proves that it would only be convenient for a small minority...👌🏼 It's frivolous to make such a denomination...💯✔
@@_The_Worst_ I disagree that it would be a small minority. Tens of millions if not hundreds of millions of Americans make cash transactions over $500 (certainly over $200) every year. Almost all of Facebook market and the sites like it are done through cash. Also millions of Americans gamble on average $600 per visit to the casino.
Worst...That's the worst idea I've heard in a very long time.
Great video Christian thank you sir,....God Bless
Thanks! You too!
hello how much does a 1934 500$bill silver certificate with a star worth right now?
Great video how long have you been on TH-cam and how many videos do u have in total just curious 😁😇
I think like 300, 2.5 years.
How did you get it I personally want the $500 bill
I have a 1934A $500 note graded a 55 by PMG. Any idea the value of it today?
I'd check the PMG population report - it's definitely a pretty good note!
I actually did and didn't see any price info. Maybe Heritage Auctions would be a good source?
Have a 1934A 500 dollars bills..
Sell me the 3 bills that you're holding!
I think America should do away with notes all together. Also do away with the federal reserve as a whole and go back to constitutional currency.
It would be a hard transition but better than the inevitable (eventual) end of our fiat currency.
I honestly agree, though it could really hurt our economy. Maybe a slow transition.
Hey … you got change for this $500 bill? 😂
Could you send this to me ... From travel to the east ...
See someone a 500$ 1919 for 28 dollars think its fake how can you tell if its a knock off
There were also $1,000, $5,000, and $10,000 bills back then.
How much 500 A dollars bills and 5000A dollars bills1934..
I have a $500 bill laminated from Chicago Illinois and it has its a 1918 how can I determine what I have is real
How i can get one
eBay?
😊
I would give someone all my money for one.
Sorry they cost more than 10 bucks.
I don't want to be mean but in the first 50 seconds he only blinks one time
wrong
I think they discontinued them because of drugs but I could be wrong.
I heard something to that effect.
Do you watch jd's variety channel?
Sometimes!
Let's get this shit right , you dont see us we see you you you so say you see me
❤
Hello - do you have an email as we want to work with you on something?
I do - it's in my contact info section on my channel.
Use gloves
With the way inflation is going, yes it would not be a bad idea to bring back the $500 dollar bill. Maybe have MLK on it.
a non united states president on a bill? Why
@@Ink30. Why not?
Those currency bills might be counterfeit. Mail them to me and I will perform a forensic examination of them. Upon completion, I will return them to you.
Yeah, right...
@@nikolovkostadin1727 ha-ha
i have 3 here
your address ??