Thread: Wheres all the $100 Notes gone!

I can't remember the last time I saw a $100 note.
I'm sure none of the pensioners I know have them stashed away. They think they're doing well if they have a $20.
Could be the drug dealers. I read the 1000 Euro note is a favourite with them.

Originally Posted by DiscoMick

I can't remember the last time I saw a $100 note.

I last saw one back in post 12.

Originally Posted by JDNSW

And then there is the time a water bore driller that I knew got paid by a grazier in George V ten pound notes. (and yes, it was after decimal currency)

John

JD, I remember for the period briefly before and following the introduction of decimal currency it was not unusual for bills to be paid in quite old notes. Often in musty smelling bundles. One of our mail run clients (sheep grazier) paid his freight account one month with a bundle of pristine 10/- notes that dated from the earliest issue. Redeemable in gold at "the Commonwealth Sub-treasury at the Seat of Government." These were issued from about 1916 and nowadays would be a valuable collector's item. About 1970 I was paying my gas bill at Bondi Junction when an elderly lady proferred pre-decimal notes to pay hers. The cashier, apparently not a regular, demurred not being sure if these were still acceptable. She sharply told him they were still legal and she had no trouble with them at the TAB and Leagues Club. Had me wondering how much more she still had at home. I do recall that ten pound notes were not often seen other than for large cash purchases or in bookies bags. Up to the early-mid 50's ten pounds was more than a weeks wages for much of the workforce and today would be like getting a $1000 note and be expected to make change from it.

Originally Posted by DiscoMick

Could be the drug dealers. them.

$2m heroin seizure puts 'dent' in Sydney drug trade


This would definitely account for some of em.

Had an Aunt and Uncle who retired with just the house as an asset. Never owned a car or a modern washing machine. Lived into their nineties with the pension as their income. We realised there was some cash about when they paid cash for a new roof on the house when they were in their late eighties. After they died we found large amounts of 50 and 100 dollar notes hidden in bundles all over the house. From what we could figure out from their records they cashed half of each pension payment which was kept and they lived off the rest.

A mate's daughter-in-law worked at a Brisbane Bayside bakery and pastrycook's shop. She says they didn't have a cash register just a wooden sliding till under the counter. The owner never worked the counter, staying back in the bakery. He would come and check the till through the day and any hundreds went into his pocket.

In some countries people don't have much faith in paper money, so they stash gold instead.

Sent from my D1 using overweight hamsters.

Originally Posted by 3toes

Had an Aunt and Uncle who retired with just the house as an asset. Never owned a car or a modern washing machine. Lived into their nineties with the pension as their income. We realised there was some cash about when they paid cash for a new roof on the house when they were in their late eighties. After they died we found large amounts of 50 and 100 dollar notes hidden in bundles all over the house. From what we could figure out from their records they cashed half of each pension payment which was kept and they lived off the rest.

Reminds me of SWMBO's parents.After they died we cleaned out the house and found,luckily, a stash of notes inside a plastic stool.
We recon it was her pokie money she kept hidden from her husband.
It nearly ended up at the Salvos with a lot of the other stuff.

And how often does this happen,they were always crying poor,never spent a cent,but had heaps in lots of different bank accounts all over the place,and no will,what a PITA to sort it all out.