Long time no post. Get this, the $2 Bill will be redesigned withthe next generations of currency redesigns

On Feb 13, 6:26*pm, Jerry Dennis wrote:
On Feb 12, 8:07*pm, Ken Barr wrote:









In article
,

*Jud wrote:
On Feb 10, 4:31*pm, Drago the Wolf wrote:

On the $500 bill issue, I was told by a BEP official, to demand $500
bills from my local bank. By "demand" I mean request them from the
bank manager, because the Federal Reserve orders what the regular
banks order, and the regular banks order what the customers order, so,
even though I am just one person, I may give it a go.

I may be wrong, but I believe that banks are required to send $500
bills BACK to the Treasury to be destroyed, and that you CAN'T get a
$500 bill from the bank. This may be due to the drug dealers, but
again, not sure. What I do know is that you can demand/request a $500
from now till the cows come home, and you ain't gonna get one.

They are most likely shredded right at the Federal Reserve Bank regional
currency processing centers. *The automated counting/sorting machines
there automagically shred notes deemed as "unfit for recirculation" by
the sensors (generally due to excessive wear, writing or damage), and
I'm sure that ALL $500's and $1,000's are defined to be in that category.

If you ever get a chance to visit one of the Federal Reserve Banks for
their public tours, I'd recommend it -- they are quite a hoot!

From the Treasury website:

# On July 14, 1969, David M. Kennedy, the 60th Secretary of the
# Treasury, and officials at the Federal Reserve Board announced
# that they would immediately stop distributing currency in
# denominations of $500, $1,000, $5,000 and $10,000. *Production of
# these denominations stopped during World War II. *Their main
# purpose was for bank transfer payments. *With the arrival of
# more secure transfer technologies, however, they were no longer
# needed for that purpose. *While these notes are legal tender
# and may still be found in circulation today, the Federal
# Reserve Banks remove them from circulation and destroy them
# as they are received.

From

http://www.treasury.gov/resource-cen...ages/denominat...
.aspx

--
Ken Barr Numismatics * * * *email:
P. O. Box 32541 * * * * * * website: *http://www.kenbarr.com
San Jose, CA *95152 * * Coins, currency, exonumia, souvenir cards, etc.
408-272-3247 * ** * *NEXT SHOW: Cupertino Coin Club, Napredak Hall, February 19

I don't know if bank policies have changed since the mid-1970s, but
back then I went to a bank to ask about getting a $500 or $1,000 bill
(Navy reenlistment bonus in my pocket). *The teller said she could
give/trade one to me IF they had any. *Procedures at the time required
all damaged/obsolete notes be held in the vault until transferred to
the Federal Reserve. *At that time, all bills, be it one or a bundle,
were to be transferred. *If I wanted one, I had to check every day.
They weren't allowed to "hold" one for me until I showed up again. *I
never did get one.

On a different "note" (pun intended), I did pick up ten crisp silver
certificates from a bank for face value about two years ago.
Apparently, the previous owner got tired of holding them, waiting for
them to be worth mega-bucks.

Jerry

My memory may be a little fuzzy, but, I remember my mother getting two
five-hundred dollar bills back in cash when she cashed a income-tax
check back in the early, near mid 1990's. I'm not sure if they were
worth whole lot back then or not? Maybe one of you can fill me in on
that part. I just figured it was kind neat that I remember seeing
them. It also makes me wonder who would be desperate enough too cash
them in when you could get a lot more from selling even at a pawn shop
or coin dealer. I guess my mother was, but she knew nothing about
numismatics.