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Posted on 08/07/2025 6:39:42 AM PDT by delta7
Rumors are circulating that the United States may begin to print $500 bills. The US Bureau of Engraving and Printing began printing $500 bills in 1861 until 1945, formally discontinuing them in 1969 when Nixon moved to close the gold window. The US Treasury has since required banks to send all $500 bills back to them to be destroyed, as the government claimed higher-denominated notes paved the way for criminal activity.
Collectors know that the US Treasury issued $1,000, $5,000, $10,000, and even $100,000 notes once upon a time. The $100,000 bill featured President Woodrow Wilson and was issued as a gold certificate from 1934 to 1935. That particular bill was not publicly circulated.
No citizen needed to use such currency in day-to-day transactions. The $10,000 note was primarily used for transactions between domestic Federal Reserve Banks, as digitalization had not yet occurred, and they needed an efficient way to move capital.
The rumors about the $500 bill’s revival are not wholly unfounded. Rep. Paul Gosar (R-Ariz.) introduced a bill in 2024 to reintroduce the $500 bill, replacing William McKinley’s image with Donald Trump’s. This was more than political pandering; besides, Congress would certainly never approve of a note featuring Donald Trump’s image. However, the government could be enticed to reintroduce higher-denominated notes due to INFLATION. This is precisely why the penny will be discontinued, as it represents absolutely nothing and is a reminder that our currency is becoming increasingly devalued.
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A new $500 bill would mirror historical currency debasement as we saw in Rome under Diocletian, for example, which comes before a collapse. Printing higher-denomination notes is not just a reflection of price increases, but a sign that the people are losing trust in the value of the USD.
Now, even the highest-denominated cash note will not get one far, paving the way for digitization as cash becomes an inconvenient burden. If the US were not eager to digitize banking, we would undoubtedly see higher-denominated notes in circulation once again to mask the effects that inflation has had on the value of the dollar.
America has never canceled its currency, and all of these notes are still deemed legal tender, although they are far more valuable to collectors than their face value. The Federal Reserve does not currently have plans to print the $500 bill despite rumors.
The goal is to move the nation to digital currency, and cash is becoming increasingly worthless in transactions. Still, providing a limited-edition $500 note would not be unheard of in today’s economic landscape.
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If we printed them I know who should be on the $3 Bill:
Even tho a $500 note does not represent the amount it used to be, still seems like it might provide more of a temptation for robbery. Also, it might be hard to cash in Walmart. I am looking at this from the viewpoint of the average poor citizen admittedly.
Buy Bitcoin. It will soon reach $10,000.00
One could also maybe stock up on those $3 bills. They would still be as worthless as they are now, just like the one depicted on them.
That must be the new $3 bill. The old one had Bill Clinton on it.
My wife went to a local (small town) car repair place in a dusty hole in the wall for some very minor repairs.
When she pulled out her credit card he offered her a ten percent discount for cash.
She was happy to oblige.
I suspect that avoiding credit card fees were just part of what was on his mind.
Lol.
It needs a footnote—also legal tender in Kenya.
IATS
IATG
Not saying Barry’s gay, but if he moved to a Muslim country he’d be obligated to throw himself off a roof.
Don't remember the Susan B Anthony coin huh?
I would argue ATM’s should start giving out $100 bills instead of flooding us with $20’s.
The Anthony coins were doomed to fail because they resembled quarters too much.
Should have been a bit larger size and they might have stayed..............
Why would that happen during trump’s administration? He’s not doing anything to make this happen.
The debt isn’t his fault but neither did he do anything to rein it in. Other than a few libertarians in Congress it seems like no politicians want to touch it because they would likely be voted out of office just attempting to cut back. But we are quickly approaching the point where we will be forced to do something or experience a financial collapse of some sort. My guess would be this happens in 2-3 years.
Maybe Biden should be on the seven dollar bill.
As long as an etching of this picture is in the portrait space:
I've got one for sale. Once the check clears, two day delivery. Free shipping.
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