They actually just made the opposite move with the euro. The 500 euro note isn't included in the current series and is being withdrawn from circulation. They found it was getting too much use in criminal activities.
Unfortunately, it may be true. There is a backlash against big banknotes especially in the eurozone as Paco said, Singapore, and India. Supposedly because of criminal activities but that sounds like a excuse to only allow small banknotes. At this point, the US government will force us to carry dollar bills as the only denomination :v
With all the inflation going on, we need higher denomination dollar Bill's more than we need $2 bills. Instead of a stack of $100s, I prefer a couple of $1000s.
Considering how much value the dollar has lost if it weren't for cashless transactions that dominate the largest payments the $500 and $1000 would probably actually have some modern day use.
Automated kiosks make $500 bills even more useful this day of age, because technology can confirm if a bill is fake, better than any mortal human could. However, I don't think inflation has gotten bad enough to where society isn't functioning as well due to a lack of $500s. Although 50's and 100's are more common now than ever before, we don't have a lot of ATMs spitting out anything higher than $20s.
About the only time I think I would use them is when I take my whole family of five and the in-laws after dinner at a nice restaurant when we go on vacation Near murals inlet South Carolina Seven dinners, A couple drinks, each a couple appetizers and a tip. It’s usually pushing 500.
I own a red seal 1953 $2 dollar bill in pretty good condition. I absolutely love the $2 bills personally because I have plenty of stories about them. I'd love to see a comeback of the $2 denominations.
This channel would love to see the same. I believe we've successfully educated a number of people about them, to the point where they started using them. You can do the same! Meanwhile, if you love the stories about the $2 bill, you'll really like our full film. amzn.to/2gpRKum
I bought 500's and 1000's in 1968 from the san francisco federal reserve, they let me pick through the ones i liked at face value. 5000 are the rarest, and Binions casino sold 100 10,000 dollar bills, for 95k to 115k each long ago. I would have loved to get one of them. our currency was so beautiful back then.
Glad to hear that! But the Analytics on this channel tell me that the majority age is early 20s, with plenty under 20. So you may be closer to the majority than the minority. I appreciate your enthusiasm either way!
The Two Dollar Bill Documentary I grew up a fan of the tv show Maverick do when I had enough money I went to the bank got a thousand dollar bill used a safety pin and pined it to my inside jacket Like James garner did on maverick I keep it like that for about 6 months then took it back to the bank I grew up on maverick so I got to live out my dream
Over the years, there have been several attempts to switch the US to a $1 coin to save money on printing. Why haven't there been similar efforts with the $2 denomination? Most other countries have a coin for both their 1 and 2 denominations.
They should push it again, but that was the plan in 1976 when the revised $2 first came out. They made over $400 million worth and pushed banks and businesses to hand them out, but it just didn't take. People assumed they were collector's items or something special and stashed them away. That mindset still exists (unless this channel can change something), and so every effort to push the $2 out there again will seemingly have the same result.
A $1 coin to cut on costs is useless. To start off, all of the reckless spending that is going on in the gubmint (misspell intentional) is whats causing a $1 to be worthless. Simple economics, if they can afford reckless spending, they can afford the $1 printing press.
No, inflation guarantees that your currency becomes more and more useless over time. It's worth something only because we agree that it's worth something. It's printed from thin air without gold (real money) to back it up rendering it worthless.
As an AUstralian, I find it strange that you do not use the 50 cent or $2 that often. But I understand why those over $100 are not used. Many countries have withdrawn higher denominations, the latest was Singapore with the $10,000.
The 50c used to get a lot of use, but for a long time many vending machines and meters wouldn't take coins that big for whatever reason. Part of it may be because the US, along with Canada, whose 50c also fell into disuse, use a 25c instead of a 20c like Australia, less small change is given making a 50c less necessary. The 50c continued to be a staple in gambling for a long time though, until most slot machines and tables went cashless. The $2 also used to be a lot more popular, but for a time I think they weren't available in some areas and many people preferred silver dollars over low denomination notes. Some also saw the $2 as "unlucky" or linked it with strippers and prostitutes. In Canada, however, the $2 was always in regular use before being discontinued for a $2 coin 1996.
@@Littlegoatpaws .50 coin is used a lot when paying a 3-2 blackjack win on a $5 bet in downtown Las Vegas. So you would win one $5 chip, two $1 chips, and one .50 coin. However in all other casinos outside of Las Vegas I have noticed they have created $2.50 chips instead of using the .50 piece.
I almost got the cops called on me at a supermarket because I tried using 2 $2 to purchase groceries. Cashier stopped while taking my payment, called out a secret protocol sentence to secretly summon the manager, and I was told that I was using counterfeit money by both of them. I told them it was legal tender and if I was going to use counterfeit it would be of an discontinued bill of such a low number using this current year. I argued with the manager and he got angrier, probably because he knew if I was right he would be known as a complete idiot. Luckily, a bank teller came in and intervened, wearing a bank of America name tag, and told the manager that it was real. He STILL stammered about an authority of currency being against him. I am glad the cops never came because I have read stories about being actually being booked for using $2 bills because no one during the process, especially cops, knew $2 bills exist.
>I am glad the cops never came because I have read stories about being actually being booked for using $2 bills because no one during the process, especially cops, knew $2 bills exist. That's free money you're turning down dude.
I vaguely remember my mother having a $500 dollar bill in the 90's for whatever reason... and ended up breaking the bill at a gas station for fuel LOL!
One of the guys I used to work for got hassled by a clerk and a manager at some mall sandwich shop when he tried to pay his bill using a 2 dollar bill. Even called a mall security guard over to explain about this "fake" money! Crazy!!
There was a $5,000 and a $10,000, yes. There was even a $100,000 bill. When I was a child, I remember my dad paying cash for a new car and he showed me the manila envelope filled with $500s and $1000s. Made quite an impression.
@@TheTwoDollarBillDocumentary wow! I imagine that the $100k bill is super rare. Just read a few moments ago that a $10k bill can command a selling price of over 100k in pristine condition. Interesting history behind these high dollar notes.
My great uncle showed me his pocket money when I was a lil kid. He had several 1000 and even more 500 bills in his roll. I asked where do you work, told him I wanted to work there when I grew up. He laughed... never did tell me where he worked. Found out later he NEVER had a job a day in his life.
There is a $100K bill, buts it’s actually illegal to own one, to this day, there somewhere around 500 of them left, and all of them are in the hands of the government. They were used as like giant paychecks to banks and giant transactions.
Well... I think with the way inflation keeps going, they're going to have to bring back the $500 and $1,000 bill, if paper money is still around in 20 years.
Has the withdrawal of large denomination U.S. currency ($500 or greater) REALLY made a dent in money laundering, drug trafficking, tax evasion, or other illicit activities?
Probably. The criminals will always find a way, but cash meant no paper trail, and without being able to use cash, things were certainly made more difficult for large, illegal monetary transfers
After receiving a $500 bill or a $1000 bill from the bank or the money show, what happens if someone spends using a $500 bill or a $1000 bill at the store or any other places like that? That will be obviously real or fake?
One will never receive any denomination of Bill higher then $100,they were pulled from circulation in 1969 .So if a bank receives a high denomination note from a private citizen they are required by Federal Law to send it back to the Federal Reserve to be properly destroyed..
I doubt someone would pass a fake, people would look at it closely not the thing a crook wants!! Remember also other countries print our money and we print theirs's! Governments are very good at it too.
No, not at all. That's why I stated something close to that effect in the video. There are no plans to bring them back, and I also see little reason why they ever would because of the reasons listed in the video. I think they're gone for good, unfortunately.
I used to collect every 2 dollar bill when I worked a register and then found it pointless and started spending them. I wonder if they will ever become valuable if they discontinue it with so many out there. Also 400th comment
There are 50s, but I think you meant to say 500s and left out a zero. You just saw one of each in this video. I'm sure there are other people who have them. And there are plenty up for auction at ha.com
@The Two Dollar Bill Documentary Great video! I got $50.00 worth of $2.00's and spent some at the same Burger King in Brownwood, TX Walmart, as the young lady at the register asked if they were legal and real, the manager's popped open, and said.. "OH YES They Are! COOL!!" was his reply.. Positive response!
Probably not - the only reason they would redesign it if they wanted to add anti-counterfeiting features, which they don't do on $1s or $2s. If they did though, we made a video where we suggested who could replace Jefferson: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-v7CV9Zw-mYg.html
@@TheTwoDollarBillDocumentary I love when spending my $2 bills, some people put them up to the light looking for the anti-counterfeiting band, I guess :-) Always makes me laugh when they do that, or use those worthless checking pens.
$500 and $1,000 bills are more useful now then back then. like buying items with large price tags, like tech, cars, and rent. id really love to see these printed again, I just wish they would. print these or make our money colorful I would say, our money in America is boring. I really like euros, my mom is French so i've been introduced to these colorful since I was a little boy. and they even have one $1 coin or 1 euro I should say. this would make sense for the US to make at lest $1 coin since paper bills don't last as long as coin, they could save some money there. also EU makes 2 cent coins which would be very useful here when giving out change.
If you're talking about wanting to see the red seal bills in this video, the topic really didn't lend itself to that. But red seal bills pre-1976 appear in many videos on this channel, including as the focus of this video in the same playlist: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-pqwxn-6HTuk.html
They are one of them for sure, and we mention them in our upcoming video. But we have already done a piece on these places: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ICY4HV80FFY.html
I LOVE THE 500 AND 1000 BILLS I REMEMBER RECIEVING A ONE THOUSAND DOLLAR BILL TWICE FROM MY MOTHER AND FATHER FOR MY WEDDING SHOWER AND WEDDING GIFT I LOVED IT I WAS SAD TO FIND OUT THEY STOPPED MAKING THEM DAMMED COUNTERFEITERS THEY RUIN EVERYTHING
Well it's the banks they want to force you to use cards, Which crooks use. They make billions on the money transfer charges. Even on some types of fraud.
Thanks for the question. In my latest video - which compares $2s to $10 dollar bills, I speak of their similarity in scarcity, and I mention that the $1s and $100s have the most out there, by a lot. Check it out here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-raPDL5pxJvI.html
Ooh plz share your thoughts of the "Woodrow Wilson" better known as the highest to this day denom8nation of usa history of currency in the usa as the 100 thousand dollar gold certificate from 1934 and woodrow wilson onit and its orange coloring or the 10 thousand dollar bill of Salmon P chase note ykwis
ID LIKE TO SEE A THOUSAND DOLLAR BILL BROUGHT BACK LOOKING ALMOST EXACTLY LIKE THE ORIGINAL EXCEPT HAVE THE BLUE STRIP AND THE GOLD WRITING ON THE BACK WITH THE THOUSAND DOLLARS ON THE END LIKE THE HUNDRED MAYBE THEN THEY COULD BE BACK IN CIRCULATION WITH THE SECURITY FEATURES ON THEM THEY HAVE NOW I LOVE THEM
Luck is whatever someone wants it to be. If I think I have a lucky pencil, you can't deny it. Granted, I've never seen someone use the $500 and $1000 bills as good luck charms before I shot that footage, but if he thinks they're lucky, good for him.
Big bills aren’t made based off the absolute individual power a man or woman could potentially hold. We get small petty bills. & bum labor trade agreements! That get us nowhere..While they get to raise our debt ceiling whenever they want! With interest.
I like $2 bills , I mean a $1 is worthless today and wear out too fast .One thing that wasn't mentioned , I have newer ones with regular seals but a couple have red seals …..is there any difference price wise ?
In general, I don't use cash unless I'm forced to. But, of the bills I'd rather carry, these are the $2, $50, $100. I would carry $500, $1000 if they were still in circulation. Why? Because they look nice, and they are unique. The $1, $5, $10, and especially the $20 are boooooooring! In all fairness, the $20 bill is boring because bank ATMs force them on us.
I would agree. The more common denominations are boring because they're more common. A $500 or $1000 would be good to carry around, but it would feel bad to break it, and it'd have to be on something expensive anyway. I doubt they'd take it at Burger King.
The only use for a note larger than $100 denomination is the convenience for illegal activity. Honest people use credit cards, or cashier's checks. Much more currency would leave our country if we had larger notes.
those Euros have 500s and those Swiss have 1000 CHFs which are respectively about equal in dollar amount, why can't the USA? is the counterfeiting and crime excuse really valid?
The €500 note is no longer issued due to its use in organised crime. There are many problems with high denominations, as well as a continuing decline in the use of cash in general.
Excuses are just that excuses, if you put ANY stock in an excuse you are a fool. Also if the government says that illegal thing is happening because of X,Y, or Z innocuous thing it isn't, or in the rare occasion it "is" it's the government themselves doing it.
I was at a Dollar General Store trying to pay with an older $100 bill. The clerk tried to tell me that it was counterfeit and that she had to confiscate it. She even marked it with the special marker, which she obviously didn't know how to properly use. I told her that I didn't think so. I was so angry. I told her that I knew that it was good because I had just received it from my bank. The next time I went to my bank I told them what had happened and they just laughed. My point is that these companies don't properly train their employees or then again perhaps she might have just been trying to scam me. Who knows? I refuse to go back to that particular location though.
Good story, and good point. Banks don't even train employees (and stores don't train their cashiers) about the legitimacy of the $2 bill. I've heard plenty of those stories as well. So seeing this happen with an old $100 is not much of a surprise. Thanks for sharing!
@@TheTwoDollarBillDocumentary bank tellers have incentive to get rid of their fake notes from their "box" as well. If they accidentally accepted a fake $100 in a deposit then if audited and caught with it, they can be written up.
Is there any truth to the story that a child was arrested for using a $2 bill to pay for his school lunch and the school accused him of using fake money because they were unaware the $2 bill actually existed?
Yes, it's true - but the kid wasn't arrested. She tried to use an older $2 bill, one with a red seal on it, and it confused the person who took it. It led to a bunch of craziness. There was a man who got arrested for using one at a Best Buy. That story is in my film, but a clip is here: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-iS3yjfefUD8.html
I read about a guy that got arrested for counterfeiting $2 bills ,the cashier and cop probably never heard the end of it . But I have a question … Are $500 and $1,000 bills still good? I don't have any but wish I did.Too many numismatics to choose from.
$500s and $1000 are still good, but they're worth more than their face value now, so if you did have one, you'd be better off selling it for more money than spending it as $500 somewhere.
There's a link to reach me through the "about" page on this channel. You can also reach me through the film's website - 2dollarbillmovie.com. Just need your address where to send the $2!
If you have one, don't deposit it at the bank - you can get more for it by selling it. It would still be accepted at stores since it's still legal tender, but it's more valuable elsewhere.
Anything a person accepts as payment is legal tender. Tender is just an offer of payment. Places are allowed to turn down Federal Reserve Notes for payment. Technically and lawfully they can't "pay" any debt unless it's accepted. Anything not gold or silver is based upon your idea of what it's worth to you.
Yes, it is the "rarest" bill being printed, meaning, it's printed less often, and when it is printed, it's almost always the bill with the lowest amount printed in that run compared to any other bill. On the whole though, the $2 bill is not rare; there are over 1.3 billion of them out there.
Those were made only for exchange between non-commercial bankers and were supposed to be backed by said amount in gold at Fort Knox. Back then only banks really made transactions in the hundreds of thousands and millions regularly, a bill with a number that big would have had little use in the everyday world. This was way back in the days before everything was digital and checks took time to clear out, so they had a purpose then. It's said quite a lot of them actually still exist too, locked away in Fed vaults along with quite a lot of $10,000, $5,000, and $1,000 bills.
After watching a lot of pawn stars clips, I'd say 200 and 500 dollar bills would be a blessing for situations when rare things do need to be sold for cash.
A segment of our full documentary film was shot in Michigan at the time when $2 bills were being used to help create awareness about medicinal marijuana, with the hope of getting it on the next election ballet. So we have some footage of $2s being used at a store that sells some related items. It's a great shot and worked in this piece, despite what you can see underneath. It's a staged shot, to be honest with you.
