The new plastic 100$ bill !

[GostHacked]

Ok so a new polymer based bill/note is produced. the 100$ note is the first to get this treatment.

The banks are constantly pushing us to do digital (bank cards with RFID chips) all while our government is wasting a crap load of money redesigning a note that is not currently accepted in a great deal of locations, regardless of counterfeiting that goes on.

Am I missing something here?

[Boges]

Ok so a new polymer based bill/note is produced. the 100$ note is the first to get this treatment.

The banks are constantly pushing us to do digital (bank cards with RFID chips) all while our government is wasting a crap load of money redesigning a note that is not currently accepted in a great deal of locations, regardless of counterfeiting that goes on.

Am I missing something here?

It's just the first step. Change the denomination that's not used often first. $50 is next. Then within 2 years we'll have $5, $10 and $20.

These bills will last longer so should save money in the end.

[WWWTT]

It's just the first step. Change the denomination that's not used often first. $50 is next. Then within 2 years we'll have $5, $10 and $20.

These bills will last longer so should save money in the end.

Actually there used to be a .25 bill too.

We all remember the 1$ and 2$ bills but they bein gone now for over 20 years now I think.

They were elliminated to save money.

What really gets me is the .01 penney,shouldn't that be gone by now to save money?

WWWTT

[GostHacked]

That is not the point I am making. Why are they making a new 100$ bill when many places do not take 100$ bills? Are businesses going to reverse that decision and start accepting the new 100$ bill? I doubt it.

[Moonlight Graham]

It's just the first step. Change the denomination that's not used often first. $50 is next. Then within 2 years we'll have $5, $10 and $20.

These bills will last longer so should save money in the end.

What took them so long? Why produce bills that easily rip & must be replaced???

[Moonlight Graham]

That is not the point I am making. Why are they making a new 100$ bill when many places do not take 100$ bills? Are businesses going to reverse that decision and start accepting the new 100$ bill? I doubt it.

Boges answered your question. Probably $100 trial run, then the lower bills until they are all plastic.

[Boges]

That is not the point I am making. Why are they making a new 100$ bill when many places do not take 100$ bills? Are businesses going to reverse that decision and start accepting the new 100$ bill? I doubt it.

I'm sure the circulation of a $100 isn't that much. People still use $100 bills, just not for day-to-day transactions.

As for the Penny. I kind of agree it should be turfed. Companies will make huge profits rounding every price up 5 cents.

[GostHacked]

Boges answered your question. Probably $100 trial run, then the lower bills until they are all plastic.

That does not answer my question. Will businesses start accepting the new 100$ bill, or will they maintain their policy of not accepting the 100$ bill? Sure they are used in private sales, but I am talking about businesses.

[GostHacked]

I'm sure the circulation of a $100 isn't that much. People still use $100 bills, just not for day-to-day transactions.

If I can't use legal tender at a place of business, then what is the point?

As for the Penny. I kind of agree it should be turfed. Companies will make huge profits rounding every price up 5 cents.

No I'd rather not need to pay more for things, just so the government can save some money. There are many other places to save money in the government.

[Guest Derek L]

Where are these business that refuse $100 bills? I just went and put $140 of fuel in my truck at the local Esso, paid with two $100 bills, got back a fifty and a ten, went across the store to the Tim Horton’s to buy two Bagel BELTS, two hash browns, a coffee and ice cap for the boy and I, the total came to over ten dollars, paid with said $50, and got back a $20, $10 and a handful of change……….I can only think of a handful of times when a store clerk refused a 100, and in both cases, because they couldn’t make change for it………

[GostHacked]

Where are these business that refuse $100 bills? I just went and put $140 of fuel in my truck at the local Esso, paid with two $100 bills, got back a fifty and a ten, went across the store to the Tim Horton’s to buy two Bagel BELTS, two hash browns, a coffee and ice cap for the boy and I, the total came to over ten dollars, paid with said $50, and got back a $20, $10 and a handful of change……….I can only think of a handful of times when a store clerk refused a 100, and in both cases, because they couldn’t make change for it………

Here in Ontario I've come across many businesses that do not take the 100$ note. That includes some gas stations, convenience stores, grocery stores, and Tim Horton's. Most fast food places won't take it. I have dealt with some restaurants that wont take it.

Maybe it depends on the province and such.

[olp1fan]

I hope they don't change the 5$ bill. I like it. Yeah, most stores do not accept 100$ bills.

Edited November 14, 2011 by olp1fan

[olp1fan]

Where are these business that refuse $100 bills? I just went and put $140 of fuel in my truck at the local Esso, paid with two $100 bills, got back a fifty and a ten, went across the store to the Tim Horton’s to buy two Bagel BELTS, two hash browns, a coffee and ice cap for the boy and I, the total came to over ten dollars, paid with said $50, and got back a $20, $10 and a handful of change……….I can only think of a handful of times when a store clerk refused a 100, and in both cases, because they couldn’t make change for it………

Sure you did... and I just bought a pack of gum with my 500$ bill.

[Guest Derek L]

Sure you did... and I just bought a pack of gum with my 500$ bill.

I suppose you’ve never purchased fuel for full size pick-up……Are you old enough to drive?

[guyser]

I suppose you’ve never purchased fuel for full size pick-up……Are you old enough to drive?

If you pulled into most gas stations here today, you wouldnt ....er rather couldnt pay with $100 bills.

If they know you, perhaps, otherwise, break out the visa.

[msj]

Where are these business that refuse $100 bills?

Where I live (Vancouver Island): Starbucks, McDonalds, Tim Hortons.

[Wilber]

By starting with the 100, more places might accept a much more secure bill. Polymer notes are the way to go. Much harder to counterfeit, last a lot longer and you can get them wet without damaging them.

[wyly]

Actually there used to be a .25 bill too.

I still have one

[wyly]

I only take c-notes if they come from a bank and i'm going pass them on as payment to an individual...for a business transaction they're a real pain, far to many businesses want nothing to do with it...interact or c-card is the best way...

[cybercoma]

It's bad business not to accept money. It screams, "we're too lazy to check counterfeits." If the can't train their staff to take literally 2 secs to check a bill, they're not worth your patronage.

[Moonlight Graham]

That does not answer my question. Will businesses start accepting the new 100$ bill, or will they maintain their policy of not accepting the 100$ bill? Sure they are used in private sales, but I am talking about businesses.

Why would they change their mind just because it's made of different material? They still can't make change with it to other customers. Why does this even matter?

[WWWTT]

No I'd rather not need to pay more for things, just so the government can save some money. There are many other places to save money in the government.

Yep your going to save 2-4 freekin pennies on every cash transaction that doesn't land on a nickel!

That should be enough to live comfortable and retire early!

But the government can save tens of millions every year.

Aswell small business could use this as an insentive to hire more people.

WWWTT

[Guest Derek L]

If you pulled into most gas stations here today, you wouldnt ....er rather couldnt pay with $100 bills.

If they know you, perhaps, otherwise, break out the visa.

Really? Granted, I usually go to the same Esso close to my house, but I've paid with hundreds and fifties at other gas stations……

[Moonlight Graham]

Where are these business that refuse $100 bills? I just went and put $140 of fuel in my truck at the local Esso..

You need a new vehicle bro! My Dad has a 4WD truck, never seen that kind of pump price.

[WWWTT]

I still have one

Oh man your lucky!

My neighbour showed me one back in the late 70's.

He told me that they were taken out of circulation around the 50's or something like that.

I was thinking of going to a coin shop to find one.

I always got my eye open for that Canadian 1969 dime too!

WWWTT