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(The Consumerist)   Haven't seen a $100 bill lately? Probably because most of them aren't in the United States   (consumerist.com) divider line 62
    More: Strange, United States, United States one hundred-dollar bill, prostitutions, local currency, euro note  
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3078 clicks; posted to Business » on 16 Aug 2014 at 8:49 AM (18 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-08-16 06:02:58 AM  
This isn't new.  I remember many years ago when they redesigned the $100 there was a lot of foreign freak-out that the old bills would no longer be valid (which wasn't true).  A lot of people in other countries use US currency, especially the Benjamins, as a reserve because it's seen as such a stable currency.
 
2014-08-16 08:06:45 AM  
Good riddance.  Anything over a $20 is inconvenient and I have no use for it.
 
2014-08-16 08:39:24 AM  

nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.


They're only inconvenient because no one takes them.

Really if I am paying over $20 I am probably going to use a card anyway.
 
2014-08-16 09:14:28 AM  

nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.


Poor people's problems.
 
2014-08-16 09:21:37 AM  

EvilEgg: nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.

They're only inconvenient because no one takes them.


I've only ever had a problem if they don't have enough in the till to make change.  It's only polite to ask if they have enough to make change, before you break out the big bills.

A lot of gas stations usually don't, but this isn't a problem because it's easy to spend $80-90 at a gas station.  Oddly enough, fast food places generally have plenty.
 
2014-08-16 09:25:18 AM  

Gary-L: nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.

Poor people's problems.


Exact opposite.  If you live paycheck to three-days-before-paycheck and can't afford to have a bank account because there is no way in hell you can keep a minimum balance, you live cash-only, and most places that cash paychecks will give you big bills.  Sneering at anything over $20 is the kind of thing that is done by someone who can afford to live on plastic and only sees cash when pulling some from an ATM.
 
2014-08-16 09:45:30 AM  
isn't u.s. currency still the most used in the world? it isn't in many fancy colors because it would increase the cost of making it. a tiny country prints fancy bills and wants tourists to save it in a drawer back home because it is so pretty and this takes the bill out of circulation.
 
2014-08-16 10:02:44 AM  
I see them all the time in rap videos.
 
2014-08-16 10:10:27 AM  

Mister Peejay: Gary-L: nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.

Poor people's problems.

Exact opposite.  If you live paycheck to three-days-before-paycheck and can't afford to have a bank account because there is no way in hell you can keep a minimum balance, you live cash-only, and most places that cash paychecks will give you big bills.  Sneering at anything over $20 is the kind of thing that is done by someone who can afford to live on plastic and only sees cash when pulling some from an ATM.



There is a certain irony in going to a food joint in the run-down part of town and noticing the signs that say "no bills over $20", when a lot of their potential customers would likely have 50's and 100s
 
2014-08-16 10:16:02 AM  
I saw one on Thursday in fact.  I was checking out of a hotel in Port Clinton, OH, and someone else was checking out at the same time and paying cash.
 
2014-08-16 10:25:43 AM  

kidgenius: There is a certain irony in going to a food joint in the run-down part of town and noticing the signs that say "no bills over $20", when a lot of their potential customers would likely have 50's and 100s


Monday morning: Shopkeeper puts up sign "$50 and $100 bills accepted".

Monday evening:

i.imgur.com
 
2014-08-16 10:27:38 AM  

starlost: isn't u.s. currency still the most used in the world? it isn't in many fancy colors because it would increase the cost of making it. a tiny country prints fancy bills and wants tourists to save it in a drawer back home because it is so pretty and this takes the bill out of circulation.


A lot of countries, particularly ones with large oil industries have their currencies pegged to the dollar for stability. Which makes a lot of sense for them as their primary export (oil) is priced in dollars.

A lot of the middle east does this, as does Malaysia IIRC. They have their own printed currencies but the value of the notes is based on US dollar reserves held by the country, with the exchange rate fixed by a combination of controls including restrictions on exchanging money outside the countries and the buying/selling of US treasuries.
 
2014-08-16 10:27:53 AM  

valkore: kidgenius: There is a certain irony in going to a food joint in the run-down part of town and noticing the signs that say "no bills over $20", when a lot of their potential customers would likely have 50's and 100s

Monday morning: Shopkeeper puts up sign "$50 and $100 bills accepted".

Monday evening:

[i.imgur.com image 448x252]


Why the hundreds go in the drop safe almost immediately. At least when I worked they did.
 
2014-08-16 10:29:26 AM  
All of those hundreds should be invalidated to preserve the domestic economy at the expense of foreigners who are using the USD instead of goods as a store of value.

It will be a great act of betrayal of trust.
 
2014-08-16 10:37:14 AM  
Seen as all the foreign hundreds constitute a zero interest loan to the us government, why would we fight it?
 
2014-08-16 10:37:39 AM  
Found them.
i.imgur.com
 
2014-08-16 10:54:44 AM  
Obvious tag being sent overseas too?
 
ZAZ [TotalFark]
2014-08-16 10:58:09 AM  
Ten years ago they were the currency of choice for Iranian counterfeiters. It's harder to counterfeit a new bill, but much of the vast amount in circulation must be old style.
 
2014-08-16 10:58:43 AM  

Mister Peejay: Gary-L: nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.

Poor people's problems.

Exact opposite.  If you live paycheck to three-days-before-paycheck and can't afford to have a bank account because there is no way in hell you can keep a minimum balance, you live cash-only, and most places that cash paychecks will give you big bills.  Sneering at anything over $20 is the kind of thing that is done by someone who can afford to live on plastic and only sees cash when pulling some from an ATM.


You know that there are shiattons of banks that have no minimum balance right?
 
2014-08-16 11:00:58 AM  

EvilEgg: They're only inconvenient because no one takes them.


Isn't that illegal? "All debts, foreign and domestic" and all that.

/got a hundy in my wallet right now
//just in case
 
ZAZ [TotalFark]
2014-08-16 11:02:07 AM  
It is easy for a poor person to trigger a cascade of overdraft fees and have to walk away from a negative balance. Those people are blacklisted and may not be able to open a new bank account for 7 years.
 
2014-08-16 11:05:48 AM  

HawgWild: EvilEgg: They're only inconvenient because no one takes them.

Isn't that illegal? "All debts, foreign and domestic" and all that.

/got a hundy in my wallet right now
//just in case


No, it's not illegal to say what you will accept as payment.

One time, just to see if it would work, I hand wrote a "check" to pay a bill. By that, I took a blank sheet of paper and put my bank info on it with a pay order.

My bank honored it.
 
2014-08-16 11:06:32 AM  
Come out to Nevada and California. It's a requirement to have a black card and at least 10K in hundreds on you at all times.
 
2014-08-16 11:07:44 AM  

GDubDub: You know that there are shiattons of banks that have no minimum balance right?


Regardless of the reasons, here are the stats.

8.2% households unbanked
29.3% households don't have a savings account
10% households don't have a checking account
25% households used an alternate financial system in past year, 12% in the past month

WARNING MASSIVE 155 PAGE PDF
WARNING MASSIVE 155 PAGE PDF
.https://www.fdic.gov/householdsurvey/2012_unbankedreport.pdf
relevant info on page 4
WARNING MASSIVE 155 PAGE PDF
WARNING MASSIVE 155 PAGE PDF
 
2014-08-16 11:13:26 AM  
I see them here every day but I work with tourists. Also see the black American Express card but not as often.
 
2014-08-16 11:16:10 AM  

12349876: GDubDub: You know that there are shiattons of banks that have no minimum balance right?

Regardless of the reasons, here are the stats.

8.2% households unbanked
29.3% households don't have a savings account
10% households don't have a checking account
25% households used an alternate financial system in past year, 12% in the past month

WARNING MASSIVE 155 PAGE PDF
WARNING MASSIVE 155 PAGE PDF
.https://www.fdic.gov/householdsurvey/2012_unbankedreport.pdf
relevant info on page 4
WARNING MASSIVE 155 PAGE PDF
WARNING MASSIVE 155 PAGE PDF


Very cool on the warning. Farked you as such.

Gracias.
 
2014-08-16 11:16:40 AM  

GDubDub: HawgWild: EvilEgg: They're only inconvenient because no one takes them.

Isn't that illegal? "All debts, foreign and domestic" and all that.

/got a hundy in my wallet right now
//just in case

No, it's not illegal to say what you will accept as payment.

One time, just to see if it would work, I hand wrote a "check" to pay a bill. By that, I took a blank sheet of paper and put my bank info on it with a pay order.

My bank honored it.


i34.photobucket.com
 
2014-08-16 11:18:26 AM  

EvilEgg: valkore: kidgenius: There is a certain irony in going to a food joint in the run-down part of town and noticing the signs that say "no bills over $20", when a lot of their potential customers would likely have 50's and 100s

Monday morning: Shopkeeper puts up sign "$50 and $100 bills accepted".

Monday evening:

[i.imgur.com image 448x252]

Why the hundreds go in the drop safe almost immediately. At least when I worked they did.


So what?

Anyone that offers change on 100 dollar bills obviously has at least 100USD in cash in the till. And likely a lot more.
 
2014-08-16 11:23:18 AM  

Gary-L: nekom: Good riddance.  Anything over a $20 is inconvenient and I have no use for it.

Poor people's problems.


I find poor people rarely complain about being inconvenienced by having money.
 
ZAZ [TotalFark]
2014-08-16 11:26:17 AM  
I assume most of the signs warning "no more than $20 in register" or "driver does not carry more than $20" are bluffing. I won't let signs dictate who I rob.

I had trouble a few times when I kept hitting a gas station right after shift change. They had dumped the last shift's take into the safe and the register was almost empty. That station did not have a policy against large bills.  If I had come 20 minutes earlier the register would have been full.
 
2014-08-16 11:30:35 AM  
I keep at few $100 bills tucked away in my wallet in case I need to spend my way out of a problem. They aren't convenient day to day because they're too big for Taco Bell and too small for Tiffanys.
 
2014-08-16 11:34:50 AM  
i3.photobucket.com


it's called BALLIN', sonnnnnnnnnnnn


/i foolishly asked for a $500 bill. "uhh....those don't exist. well they used to, but.....they don't make those anymore...."
 
2014-08-16 11:35:44 AM  
12349876:
29.3% households don't have a savings account

With savings accounts paying a whopping .1% right now, I can see why
 
2014-08-16 11:43:27 AM  
FTFA The argument for abolishing the hundred-dollar bill is as follows: most Americans don't use them, many of the people who do use them are up to no good, and we have much easier ways to transfer cash around.

I hit the consumerist link because I thought they might had something interesting to finally say.  Instead we find this lame bullshiat argument.  How can a site which pretends to speak for the consumer be -against- options for consumers to pay for things?

/and yes I use 100 bills.  and yes most places take them.
 
2014-08-16 11:46:10 AM  

Ivo Shandor: Found them.
[i.imgur.com image 719x520]


Just think. Those used to be our dollars. From the tax money skimmed from the IRS payments from our ass-breaking jobs stuffing Amazon boxes all day, flipping burgers, nailing up drywall, etc.

Now, they're in the Swiss bank accounts of Iraqi bureaucrats, Afghan opium warlords, and ISIS terrorists.

WORK HARDER!!!!
 
2014-08-16 11:49:23 AM  
I have some family members who like to give me $100's for birthdays and holidays.  I'm certainly not complaining about the money, but they always end up in my wallet for months until I can find a place to spend them.  Usually they end up being spent at the grocery store if I get between the $50-$100 mark without going over.  In the mean time I feel a little nervous carrying hundreds around in my wallet for whatever reason.  I oddly feel much more relieved when I don't have cash on me.  Of course I prefer to pay with cash so it doesn't make any sense.
 
2014-08-16 11:58:07 AM  

PillsHere: I have some family members who like to give me $100's for birthdays and holidays.  I'm certainly not complaining about the money, but they always end up in my wallet for months until I can find a place to spend them.  Usually they end up being spent at the grocery store if I get between the $50-$100 mark without going over.  In the mean time I feel a little nervous carrying hundreds around in my wallet for whatever reason.  I oddly feel much more relieved when I don't have cash on me.  Of course I prefer to pay with cash so it doesn't make any sense.


You never thought to go into a bank and exchange it for smaller bills?
 
2014-08-16 12:00:55 PM  

raerae1980: PillsHere: I have some family members who like to give me $100's for birthdays and holidays.  I'm certainly not complaining about the money, but they always end up in my wallet for months until I can find a place to spend them.  Usually they end up being spent at the grocery store if I get between the $50-$100 mark without going over.  In the mean time I feel a little nervous carrying hundreds around in my wallet for whatever reason.  I oddly feel much more relieved when I don't have cash on me.  Of course I prefer to pay with cash so it doesn't make any sense.

You never thought to go into a bank and exchange it for smaller bills?


I've thought about it, but that would require me to go to a bank :).
 
2014-08-16 12:16:14 PM  

PillsHere: In the mean time I feel a little nervous carrying hundreds around in my wallet for whatever reason.


yeah, above, i withdrew about $2200-$2400 in Benjamins, for a sweet new rosewood dining set with chairs.  figured ready cash would get me a steep discount (which it did).  but that 3-4 hours i was rolling around like Big Bank Hank, i was nervous as shiat.  weird.
 
2014-08-16 12:21:44 PM  
When traveling in Africa, the banks prefer $100 bills -- and they have to be less than five years old.
 
2014-08-16 12:25:45 PM  
I just saw ten of them, very briefly, before I payed the rent on my boat slip. The new ones are neat looking for sure.
 
2014-08-16 12:30:57 PM  

starlost: isn't u.s. currency still the most used in the world? it isn't in many fancy colors because it would increase the cost of making it. a tiny country prints fancy bills and wants tourists to save it in a drawer back home because it is so pretty and this takes the bill out of circulation.


You haven't seen the new 100s in person have you?
www.loasite.com
 
2014-08-16 12:31:05 PM  

machoprogrammer: 12349876:
29.3% households don't have a savings account

With savings accounts paying a whopping .1% right now, I can see why


There's probably some rich people in that number of no savings account, but it's still a popular place for an emergency fund where ease of access is more important than ROI.
 
2014-08-16 01:30:13 PM  

HawgWild: EvilEgg: They're only inconvenient because no one takes them.

Isn't that illegal? "All debts, foreign and domestic" and all that.

/got a hundy in my wallet right now
//just in case


And if you owe a debt without prearranged payment terms otherwise they have to accept a $100. However, you can put restrictions in the terms of a contract.

When you go to McDonald's you aren't paying a debt you are contracting for services with immediate payment. In such a situation, acceptance of the terms, by both parties, is completed by the process of making payment. As such they are well within their rights to restrict the forms of payment.

A self-serve gas station may be more complicated. If there is no indication at the pump (and whether a sign is sufficient to be a contractual term is another matter) then refusing payment could be more difficult as acceptance occurs when you pump the gas, so they cannot add a term afterwards.
 
2014-08-16 01:35:08 PM  

starlost: isn't u.s. currency still the most used in the world? it isn't in many fancy colors because it would increase the cost of making it. a tiny country prints fancy bills and wants tourists to save it in a drawer back home because it is so pretty and this takes the bill out of circulation.


The reason the US doesn't adopt more vibrantly coloured currency is because the US is very resistant to change and have the idea that currency is sacrosanct. And politicians will not push the issue. This is also a big part of why the US won't adopt a dollar coin or drop the penny.

Why other countries adopt vibrantly coloured money is to try and make it painfully obvious what the value is. In low visibility situations and for the visually impaired it does help. I can differentiate a $10 and a $20 so long as I can see a corner of the bill with no symbols or anything on it.
 
2014-08-16 01:48:11 PM  

degenerate-afro: starlost: isn't u.s. currency still the most used in the world? it isn't in many fancy colors because it would increase the cost of making it. a tiny country prints fancy bills and wants tourists to save it in a drawer back home because it is so pretty and this takes the bill out of circulation.

You haven't seen the new 100s in person have you?
[www.loasite.com image 850x756]


They still look cheap and cheesy, like something from the 1820's. We could have real modern money if we wanted to. Instead, we have this easy to counterfeit crap. (either goddamned FARK or goddamned Chrome will not allow more than one character to  LINK. Click on the goddamned "L". Warning, PDF.)
 
2014-08-16 01:52:03 PM  
I use hundreds all the time. Most of my work purchases are done with petty cash, which is issued to me in hundreds. Never had any problem paying with a hundred dollar bill.
 
2014-08-16 03:05:39 PM  
I think most of the US$100 bills are on leave in Dubai.....anyway, I never carry anything larger than
a $20, so why should I give a batcrap?
 
2014-08-16 03:18:25 PM  

raerae1980: I see them here every day but I work with tourists. Also see the black American Express card but not as often.


Same here. Fourth of July week is 100% return guests, some have been staying there for 40+ years. They are on a short list of Pre-Approved Cash & Check Guests. Fine by me. Pay and Mid-Season Bonus is an envelope of cash. I have more than enough cash until Mid-October when the next envelope lands. Package stores take $100 bills.
 
2014-08-16 04:01:39 PM  

UNAUTHORIZED FINGER: degenerate-afro: starlost: isn't u.s. currency still the most used in the world? it isn't in many fancy colors because it would increase the cost of making it. a tiny country prints fancy bills and wants tourists to save it in a drawer back home because it is so pretty and this takes the bill out of circulation.

You haven't seen the new 100s in person have you?
[www.loasite.com image 850x756]

They still look cheap and cheesy, like something from the 1820's. We could have real modern money if we wanted to. Instead, we have this easy to counterfeit crap. (either goddamned FARK or goddamned Chrome will not allow more than one character to  LINK. Click on the goddamned "L". Warning, PDF.)


Warning: I'm not certain, but I believe that some information in the article I linked to has changed since I originally read the print-version of this story in 2005. Certain details seem to have been altered, and I cannot vouch for this article's veracity.
 
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