U.S. $10,000 Bill
May 10, 2022 14:59:44 #
wrangler5
Loc: Missouri
fredpnm wrote:
And did you know the mint has printed more $100.00 bills than $1.00 bills?
The drug cartels use 'em, and they need quite a few.
May 10, 2022 15:09:55 #
fetzler
Loc: North West PA
bobbyjohn wrote:
The $10,000 bill featuring the portrait of Preside... (show quote)
I worked briefly with the Bureau of Engraving and Printing so I am familiar with US currency.
Today a $10, 000 bill as money is worthless. they have been demonetized. To collectors it will have some value as does Confederate Currency. For a pristine copy the collector value may be as much at 140,000 as these bills are EXTREMELY rare.
May 10, 2022 15:12:20 #
fetzler
Loc: North West PA
fredpnm wrote:
And did you know the mint has printed more $100.00 bills than $1.00 bills?
The Mint makes coins and does not print paper currency. Currency is printed by the Bureau of Engraving and Printing.
May 10, 2022 15:18:02 #
fetzler
Loc: North West PA
bobbyjohn wrote:
Did you know that the paper that U.S. Currency is ... (show quote)
Even with legit paper, US banks and the Treasury would almost certainly identify counterfeit currency easily. The Serect Service will then hunt you down.
May 10, 2022 15:20:20 #
fetzler
Loc: North West PA
rmorrison1116 wrote:
Did you know it's not really paper!
Well US currency is indeed printed on paper. It closely matches 18th century writing paper.
May 10, 2022 15:22:35 #
fetzler
Loc: North West PA
flip1948 wrote:
The Crane Paper Company has an extremely strong lobby in D.C. which is why any efforts to do away with the $1 note always fails.
This is NOT the reason that $1 bill printing continues.
May 10, 2022 16:00:37 #
wrangler5
Loc: Missouri
I've seen/read that ATM machines are the superspreaders of cocaine on bills. Almost any bill that has been through an ATM will test positive for cocaine if the test is sensitive enough.
As for $20 bills being the most counterfeited, it's because it's valuable enough to be worth the trouble, but common enough that most people don't look too hard at one that's used for payment. Especially if somebody uses a bunch of 'em. Give somebody 10 twenties and they're not going to spend a lot of time eyeballing each one, especially if there's a line waiting to check out. But give 'em two hundreds and they're more likely to look at the two of 'em a little harder. At least that's the theory I've heard.
As for $20 bills being the most counterfeited, it's because it's valuable enough to be worth the trouble, but common enough that most people don't look too hard at one that's used for payment. Especially if somebody uses a bunch of 'em. Give somebody 10 twenties and they're not going to spend a lot of time eyeballing each one, especially if there's a line waiting to check out. But give 'em two hundreds and they're more likely to look at the two of 'em a little harder. At least that's the theory I've heard.
May 10, 2022 18:06:53 #
May 10, 2022 18:59:30 #
fetzler wrote:
This is NOT the reason that $1 bill printing continues.
Well, that and basic public rejection of the $1 coin are the two main reasons unless you can enlighten us to the contrary.
May 10, 2022 19:38:14 #
Euros go to €2 in coins. Paper Euros start at €5.
Of course, that's a fairly new currency so they didn't have 200 years of that coinage to set peoples habits.
And I've heard (probably on the internet) that the lifetime of a $1 paper bill is measured in months. The cost of printing is rising (surprise) so there will probably be a push for dollar coins pretty soon unless cash goes away. I'm sure the government would like to get rid of cash since cash transactions can be hidden from taxation fairly easily.
Of course, that's a fairly new currency so they didn't have 200 years of that coinage to set peoples habits.
And I've heard (probably on the internet) that the lifetime of a $1 paper bill is measured in months. The cost of printing is rising (surprise) so there will probably be a push for dollar coins pretty soon unless cash goes away. I'm sure the government would like to get rid of cash since cash transactions can be hidden from taxation fairly easily.
May 10, 2022 20:27:24 #
drucker
Loc: Oregon
This story involves "big" bills but also illustrates the change in value over the years.
In the spring of 1961 my grandfather asked me if I would go to town with him on Saturday. That request was getting more common as he was well past 80 and hesitant to drive if his knees were bothering him. I learned on the way to town that the reason for the trip was to shop for a new truck for hauling grain.
The first stop was at the Dodge dealer but they didn't have a truck with a hydraulic hoist that grandpa liked. The second stop was at Swinson Motors, the Chevrolet, Oldsmobile, Cadillac dealership. Earl Swinson, who owned the company with his brother and officially "retired" was there, but talking to someone else. He and grandpa just exchanged nods of recognition. They had been friends since the late 1930s because of their common interest in flying. A salesman came over to inquire about grandpa's interest and we were quickly on our way to the truck lot.
The interest quickly focused on a new Chevrolet truck with a 350-bushel steel box bed and the wanted hydraulic lift. A cash price was negotiated. . . . but there was one more dealership to check.
The Ford dealership had a couple of options, both a little cheaper, but it was obvious that Grandpa liked the quality of the custom box bed of the Chevrolet better.
Next was lunch at a local diner -- an unusual event, as we seldom ate out this close to home. Then to the bank, where grandpa retrieved some bonds from his safety deposit box, cashed them, and then requested three $1000 bills and deposited the remainder in his account. The bills were tucked safely away in the pocket in the bib of his overalls. At the time, I'd seen a few hundred-dollar bills but never anything larger. Then back to Swinson's.
When we walked in, we could see that the truck had been moved up to the back lot and was clearly visible through the back windows. The salesman saw us coming and came to greet us. This time Earl had his cup coffee and was reading the newspaper but obviously aware of the situation. There was some small-talk about what the other dealers had (or didn't have) and again I heard "cash sale" and that the price was a little too high. An offer of $3000 cash, tax included was made and rejected. Then grandpa turned toward Earl, pointed to the truck through the window, and said, "Earl, will you take $3000 cash, tax included, for that truck out there?" Earl put down his paper and ambled over. "Yah, I'll take $3000 CASH including tax."
With that, grandpa pulled the three $1000 bills out of the bib pocket and handed them to Earl. The salesman had a confused look on his face, probably also wondering if his commission had just gone out the window as he realized that the two men were long-time friends. Earl just shoved the bills in his hand and said, "Write it up."
I now marvel at what $3000 could buy back then -- or how much $3000 really was at the time. And then remember the 1934 or '35 wooden-box truck that we took in later in the afternoon. It had always been kept in the truck barn so was in really good condition for its age -- the oak bed and box was worn but beautifully polished from use. I've wondered what happened to it.
In the spring of 1961 my grandfather asked me if I would go to town with him on Saturday. That request was getting more common as he was well past 80 and hesitant to drive if his knees were bothering him. I learned on the way to town that the reason for the trip was to shop for a new truck for hauling grain.
The first stop was at the Dodge dealer but they didn't have a truck with a hydraulic hoist that grandpa liked. The second stop was at Swinson Motors, the Chevrolet, Oldsmobile, Cadillac dealership. Earl Swinson, who owned the company with his brother and officially "retired" was there, but talking to someone else. He and grandpa just exchanged nods of recognition. They had been friends since the late 1930s because of their common interest in flying. A salesman came over to inquire about grandpa's interest and we were quickly on our way to the truck lot.
The interest quickly focused on a new Chevrolet truck with a 350-bushel steel box bed and the wanted hydraulic lift. A cash price was negotiated. . . . but there was one more dealership to check.
The Ford dealership had a couple of options, both a little cheaper, but it was obvious that Grandpa liked the quality of the custom box bed of the Chevrolet better.
Next was lunch at a local diner -- an unusual event, as we seldom ate out this close to home. Then to the bank, where grandpa retrieved some bonds from his safety deposit box, cashed them, and then requested three $1000 bills and deposited the remainder in his account. The bills were tucked safely away in the pocket in the bib of his overalls. At the time, I'd seen a few hundred-dollar bills but never anything larger. Then back to Swinson's.
When we walked in, we could see that the truck had been moved up to the back lot and was clearly visible through the back windows. The salesman saw us coming and came to greet us. This time Earl had his cup coffee and was reading the newspaper but obviously aware of the situation. There was some small-talk about what the other dealers had (or didn't have) and again I heard "cash sale" and that the price was a little too high. An offer of $3000 cash, tax included was made and rejected. Then grandpa turned toward Earl, pointed to the truck through the window, and said, "Earl, will you take $3000 cash, tax included, for that truck out there?" Earl put down his paper and ambled over. "Yah, I'll take $3000 CASH including tax."
With that, grandpa pulled the three $1000 bills out of the bib pocket and handed them to Earl. The salesman had a confused look on his face, probably also wondering if his commission had just gone out the window as he realized that the two men were long-time friends. Earl just shoved the bills in his hand and said, "Write it up."
I now marvel at what $3000 could buy back then -- or how much $3000 really was at the time. And then remember the 1934 or '35 wooden-box truck that we took in later in the afternoon. It had always been kept in the truck barn so was in really good condition for its age -- the oak bed and box was worn but beautifully polished from use. I've wondered what happened to it.
May 10, 2022 21:08:28 #
fetzler
Loc: North West PA
flip1948 wrote:
Well, that and basic public rejection of the $1 coin are the two main reasons unless you can enlighten us to the contrary.
The public likes paper money!
May 10, 2022 21:38:17 #
bikinkawboy
Loc: north central Missouri
It doesn’t hurt to look at your change. Several years back my buddies and I were in Leadville Colorado eating lunch. In the change I noticed that one bill was darker than the regular green of paper money. Ends up it was a 1939 silver certificate. Really good shape too, so I suspect some druggie lifted it and put it back into circulation. I also have the $5 Confederate bill my great-great grandfather brought back from Tennessee. Evidence points to him being wounded at Franklin, but I have no idea how he got the bill.
May 10, 2022 22:29:55 #
fetzler wrote:
Well US currency is indeed printed on paper. It closely matches 18th century writing paper.
Paper is made from pulp wood fibers. The so called paper that US money is printed on is made from linen and cotton. It's technically not paper, it's a type of cloth. Instead of saying I'm indeed incorrect, take a little time and look it up!
May 10, 2022 23:31:47 #
fetzler wrote:
The public likes paper money!
The biggest complaint you hear from the "public" about use of dollar coins is they don't want to end up with a pocket full of them.
If we did away with the dollar bill and increased printing of $2 notes you could complete financial transactions using no more than one $1 coin and a combination of notes and that would be only for amounts of $1 or $3...do the math.
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