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ATM sign of inflation?

mariner67mariner67 Posts: 2,746 ✭✭✭
in Precious Metals
I go to my local bank every few weeks and take out $300 from the ATM to carry me and the wife over for the next few weeks.
Today for the first time ever....it spits out four $50 dollar bills and five $20s!
Maybe inflation is here!
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Comments

  • derrybderryb Posts: 38,529 ✭✭✭✭✭


    << <i>I go to my local bank every few weeks and take out $300 from the ATM to carry me and the wife over for the next few weeks.
    Today for the first time ever....it spits out four $50 dollar bills and five $20s!
    Maybe inflation is here! >>


    Bank's getting rid of them while they can

    When gold and silver move together, it signals the coming end of fiat money.

  • OPAOPA Posts: 17,160 ✭✭✭✭✭
    I wish they would spit out $100's instead of $20. I'm tired of walking into the bank to have them exchanged. FYI, most Casino's, depending on the size of your withdrawal, will spit out $100 bills through their ATM's.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I will NOT use a $50 bill!
    Avid collector of GSA's.
  • BAJJERFANBAJJERFAN Posts: 31,605 ✭✭✭✭✭


    << <i>I will NOT use a $50 bill! >>



    For what reason?
    theknowitalltroll;
  • chumleychumley Posts: 2,305 ✭✭✭✭
    back in the 1990s,I was a Maine telephone lineman suddenly sent to Boston after hurricane Gloria to repair storm damage.I had 2 $50 bills in my wallet and no one would touch them(not even the hotel we stayed in) worked 15 hour days and nearly starved image
  • nibannynibanny Posts: 2,761 ✭
    I like $50's and $100's. Everytime we have guests from Italy I ask them for their bills and give the $20's in return.
    The ones they get from the bank are brand new!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • PerryHallPerryHall Posts: 47,439 ✭✭✭✭✭


    << <i>back in the 1990s,I was a Maine telephone lineman suddenly sent to Boston after hurricane Gloria to repair storm damage.I had 2 $50 bills in my wallet and no one would touch them(not even the hotel we stayed in) worked 15 hour days and nearly starved image >>



    I don't want anything larger that $20 bills. Too many businesses won't take the larger bills because of the fear of getting stuck with a counterfeit.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • jmski52jmski52 Posts: 23,939 ✭✭✭✭✭
    I've been using $50s, but I really try to avoid using $100s.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BAJJERFANBAJJERFAN Posts: 31,605 ✭✭✭✭✭


    << <i>I've been using $50s, but I really try to avoid using $100s. >>



    Never ever had a problem with either $50s or $100s. In fact a number of years ago it was stated that $50s and $100s were popular because $20s were too small to buy a lot of things. It takes more than a $50 to even fill most cars with gas these days. A lot of places don't care for them, because they suck up too much change.
    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,605 ✭✭✭✭✭


    << <i>

    << <i>I go to my local bank every few weeks and take out $300 from the ATM to carry me and the wife over for the next few weeks.
    Today for the first time ever....it spits out four $50 dollar bills and five $20s!
    Maybe inflation is here! >>


    Bank's getting rid of them while they can >>



    For what reason?
    theknowitalltroll;
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I use fifties and hundreds frequently....never had a problem. Although I have noticed some small shops have signs posted that they will not take them. Cheers, RickO
  • OPAOPA Posts: 17,160 ✭✭✭✭✭


    << <i>I use fifties and hundreds frequently....never had a problem. Although I have noticed some small shops have signs posted that they will not take them. Cheers, RickO >>



    Likewise...

    I don't patronage those small mom & pop shops that are behind the curve by not accepting larger bills and in most cases, they don't communicate in English that I can understand.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BAJJERFANBAJJERFAN Posts: 31,605 ✭✭✭✭✭


    << <i>

    << <i>I use fifties and hundreds frequently....never had a problem. Although I have noticed some small shops have signs posted that they will not take them. Cheers, RickO >>



    Likewise...

    I don't patronage those small mom & pop shops that are behind the curve by not accepting larger bills and in most cases, they don't communicate in English that I can understand. >>



    That means that they have to keep a lot of extra change when people pay for $10 worth of stuff with big bills. Also means that they lose more in a robbery and are also more likely to get robbed. Because of reward points, I use a credit card as much as I can.
    theknowitalltroll;
  • johnny9434johnny9434 Posts: 31,574 ✭✭✭✭✭


    << <i>I will NOT use a $50 bill! >>

    id rather use a 50 then a 100. more and more places wont take them
  • RedneckHBRedneckHB Posts: 20,138 ✭✭✭✭✭
    I don't think I have ever had anyone refuse a $50 bill.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CaptHenwayCaptHenway Posts: 33,659 ✭✭✭✭✭
    I keep a few hundred dollars in small bills ($20 and under) in my wallet and a few hundred dollars worth of $50's in my back pocket for walking around money.
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
  • BAJJERFANBAJJERFAN Posts: 31,605 ✭✭✭✭✭
    I think we'd be going back to the $500 bill if money laundering and the drug trade wasn't such a huge issue.
    theknowitalltroll;
  • LochNESSLochNESS Posts: 4,829 ✭✭✭


    << <i>I keep a few hundred dollars in small bills ($20 and under) in my wallet and a few hundred dollars worth of $50's in my back pocket for walking around money. >>


    Good to know, Capt! Remind me to "bump" into you someday imageimage


    << <i>I will NOT use a $50 bill! >>


    I'll take them off your hands, anytime image


    << <i>Everytime we have guests from Italy I ask them for their bills and give the $20's in return.
    The ones they get from the bank are brand new! >>


    Trading a couple $20's in return for a crisp $50 sounds like a great deal to me! image
    ANA LM • WBCC 429

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  • fishcookerfishcooker Posts: 3,446 ✭✭
    That's great news. I hate getting a wad of $20's from an ATM. I use $50's and $100's all the time. Never had a problem.
  • roadrunnerroadrunner Posts: 28,369 ✭✭✭✭✭
    I've never had a problem either with the larger bills. But my emergency cash stash is made up of $20's and lower.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • LochNESSLochNESS Posts: 4,829 ✭✭✭
    You know, counterfeit detection is fairly easy with a special marker-pen and a light source. I don't think it's the reason $50 and $100 are unfavorable.

    I'm going with "less bills in the register." How many times have you walked into a store and the sign in the window warns "manager never has more than $20" to deter crime ...
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  • derrybderryb Posts: 38,529 ✭✭✭✭✭
    don't the newer large bills have something in them that can be detected when carried in large quantites? Maybe just a conspiracy theory and we all know I don't believe in those.

    When gold and silver move together, it signals the coming end of fiat money.

  • OPAOPA Posts: 17,160 ✭✭✭✭✭


    << <i>don't the newer large bills have something in them that can be detected when carried in large quantites? Maybe just a conspiracy theory and we all know I don't believe in those. >>



    They sure do...it's normally referred to as a bulging front pocket or fat stomachimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LochNESSLochNESS Posts: 4,829 ✭✭✭


    << <i>They sure do...it's normally referred to as a bulging front pocket or fat stomachimage >>


    Funny I always thought that was the guys who carry a hundred Washingtons in place of large bills ...
    ANA LM • WBCC 429

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