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Old July 26th 09, 01:39 AM posted to rec.collecting.coins
Bruce Remick
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Posts: 3,391
Default A chance for new $500 and possibly $200 Federal Reserve Notes?


"Thomas A." wrote in message
...
Bruce Remick wrote:
"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
Drago the Wolf wrote:
Would you actually walk down the street with a $1000 or $500 bill
in your pocket? And feel safe about it?



As a matter of fact, yes, I would walk down the street with a $500,
or $1,000 bill in my pocket. Who needs to know its even on me?
What? Do you think I'm going to go walking down the street singing
"I got a $1,000 bill in my pocket, do da, do da" or talk about
having a huge amount of money, to anyone?

Bill Cosby had a routine about doing just that after learning karate.
Unfortunately, the guy who attacked him was a midget and threatened
to blow Bill's kneecap off if he didn't hand over the dough.

The point is, I would feel MUCH safer caryying a couple $1,000
bills, than a bunch of $100 bills bulging in my pocket. Thieves
will see that bulge, and think or know that you are carrying a wad
of cash. I would like to put a couple $1,000s in my wallet, and
call it a day. No need to let anyone now I'm carry it. The only
real time I could see a mugger get you, is if they see you pay for
a $500 or less purchase, and you pay with a $1,000 bill, and the
mugger sees the cashier hand you a $500 bill or a $100 and a couple
$200s and some other odd change back, then waits to steal that
remaining $500 and some dollars from you.

There are times when only cash will do the job. Go to a coin show
where nobody knows you, and it's the universal solvent. In certain
states the dealer will sell to you for a lower price if he's
inclined to ignore sales tax requirements.

James
'ducking for cover as the usenet morality police muster'


I seldom get to shows but I would think that any dealer who offers
high priced merchandise would be equipped to accommodate credit cards
and perhaps personal checks, rather than have his first customer
saddle him with a (theoretical) $500 or $1,000 bill or risk getting a
bogus one. If I were to attend a show with a budget of $1,000, I
sure wouldn't carry that much cash with me, regardless of the
denominations. If a dealer wouldn't take my plastic or my check and
ID for a $500+ purchase, that would be his loss.


Certainly cash has its place. Whenever I go out and buy bags of crystal
meth, hollow point bullets or Russian cigarettes, it's a cash-only
business. So, let's just ignore those corner cases where cash is really
king.

You're walking down the street and get mugged. Would you rather have on
you

a) $23.14 and a plastic comb
b) A wallet with a plastic credit card that you can neuter with your cell
phone as soon as the robbery is over.
c) a $1000, two $500 and one $200 bills.


What color is the comb?


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