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Thread: Stacking physical cash

  1. #991

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    Quote Originally Posted by dukadan View Post
    where are we going with cash? is it still worth stacking?
    If it is in a FDIC insured account, it should be restored, no matter how much you have. That is how it worked for the four (so far) banks that have crashed. The news is both good and bad,,,, You'll get your money back, but it will be freshly minted money and its' value will just be falling through the floor.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  2. #992

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    Quote Originally Posted by t00nces2 View Post
    If it is in a FDIC insured account, it should be restored, no matter how much you have. That is how it worked for the four (so far) banks that have crashed. The news is both good and bad,,,, You'll get your money back, but it will be freshly minted money and its' value will just be falling through the floor.
    okay just wondering have not heard from Atlas for a while. If I have 10k in cash. Would it be better to have 2k in 1$ bills. 2k in 5$ bills. 2k in 10$ bills. 2k in 20's and 2k in 50's? I suppose if there is some weird bank crisis and noone has any cash it would suck if all I had was 100 and wanted to buy something for 20$. A friend from Ecuador said when they moved to dollars no one had any change. I suppose i would nearly get my moneys worth in toilet paper at least if I ever needed to use it for that.

  3. #993

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    Quote Originally Posted by dukadan View Post
    okay just wondering have not heard from Atlas for a while. If I have 10k in cash. Would it be better to have 2k in 1$ bills. 2k in 5$ bills. 2k in 10$ bills. 2k in 20's and 2k in 50's? I suppose if there is some weird bank crisis and noone has any cash it would suck if all I had was 100 and wanted to buy something for 20$. A friend from Ecuador said when they moved to dollars no one had any change. I suppose i would nearly get my moneys worth in toilet paper at least if I ever needed to use it for that.
    ok dukadan, for myself i previously only stacked $100 bills for spatial reasons. i decided about 2 years ago to change my stacking strategy to include some of each, including $50's, $20's,etc., even a couple packs of $1's.

  4. #994

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    With inflation as high as it, there is even less sense in "stacking cash". I would say having cash for three months or so of expenses makes sense, but large amounts to keep long term is just a loosing proposition, any way you look at it, what so many peasants have done in many times and places, then end up with little or nothing after having saved for years.

    For the three month supply, I myself hold each denomination, according to what I actually use at the merchants I use, except $1's, as I don't like $1 bills, prefer the crips $2's, and more practical dollar coins, both of which I can get in quantity at my local bank.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  5. #995

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    Yes it makes sense. dukadan just mad $2,000 he has $10,000
    when he checked it he had 2 k 1's 2 k $2's 2k in $5's 2k In 10's 2k in $20's and 2k in $50's. $12,000. Other than that I only keep $1,000 or so. BigAl
    Last edited by BIGALSR; 03-22-2023 at 01:50 PM. Reason: missing word

  6. #996

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    Quote Originally Posted by motocat View Post
    With inflation as high as it, there is even less sense in "stacking cash". I would say having cash for three months or so of expenses makes sense, but large amounts to keep long term is just a loosing proposition, any way you look at it, what so many peasants have done in many times and places, then end up with little or nothing after having saved for years.

    For the three month supply, I myself hold each denomination, according to what I actually use at the merchants I use, except $1's, as I don't like $1 bills, prefer the crips $2's, and more practical dollar coins, both of which I can get in quantity at my local bank.
    yes, about 3-6 months worth of expenses in cash reserves outside the banking system. regarding the $2 bills yes I can see that over the dirty heavily circulated dollar bills which i dont like either but the dollar coins to me resemble way too much the quarters and many check out operators i find do not know what they are around here. i get tired of explaining the gold president dollars and the Sacagawea's. heck most of the quarters these days look like play coins and feel like that too. very tinny feeling

  7. #997

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    yes, about 3-6 months worth of expenses in cash reserves outside the banking system. regarding the $2 bills yes I can see that over the dirty heavily circulated dollar bills which i dont like either but the dollar coins to me resemble way too much the quarters and many check out operators i find do not know what they are around here. i get tired of explaining the gold president dollars and the Sacagawea's. heck most of the quarters these days look like play coins and feel like that too. very tinny feeling

    I like the dollar coins because they are very similar to the large cents once used (till about the Civil War) - both in composition, size, and value. $1 will get you a "hot crossed bun", one a penny.....

    Really, like the cent once was, it is quite practical for small things -- 30 min. at the parking meter, a couple for the bus, a candy bar. All other coinage is pretty much of nuisance worth, why few people like to use them anymore. The Federal Reserve wants you to use their dirty paper notes or digits, another reason for my dollar/penny coin preference. If someone does not know what they are, I don't mind explaining - it's a little lesson for the average folks, I sometimes then get a little into the history and explain what paper bills actually are, etc.

    Recently, I came across a quarter with Maya Angelou on the reverse, part of the American women series now being issued:
    https://en.wikipedia.org/wiki/American_Women_quarters

    Apparently, U.S. coinage have become like commemorative stamps -- and given that most people don't use them anymore given their very low value, I guess it makes sense. Maya Angelou was a lesbian prostitute, I guess that is rather symbolic of what has become of this nation. I think I tossed that coin in the trash, where it belongs. In fact, of the 15 "American Women" series coins, 13 of them have "BIPOCS", 1 is white (but OK because a lesbian), and the only straight white Female is Theodore Roosevelt's wife - I guess she gets a pass for having married the most socialist President in U.S. history. These coins DO NOT represent American women, I much preferred Sacajawea - A native representing freedom + child. Now, it's into the trash I will toss these series of coins with little "fractional penny" value, symbolic of where this nation has gone....
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  8. #998

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    I stack 100's, 50's, 20's...mostly 100's and 20's.

    I have $300 in 10's and 5's...perhaps I should have more...but inflation indicates that the 20 is the new 10, etc. So, perhaps the 50 is the new 20.

    I don't stack 1's. I do have a few hundred in $1 coins of all types (presidents, S.B.Anthony's, Sacagawea's, and Eisenhowers).

    Perhaps I should grab some $2s. Funny when I use those...people think they are something special, and get so excited.
    Last edited by Dmitri; 03-25-2023 at 11:32 PM.

  9. #999

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    OK - it seems that at least in the U.S., our financial masters have already pretty much killed of coinage. When I watch people use cash at the local coffee shot (one place in which cash is still common given the small transactions involved, and sign saying cash preferred), they almost all just dump the change into the tip jar. Simply not worth handling any longer for the vast majority of people. Like I do with the dollar coin, maybe some keep quarters handy for parking peters. However, people no longer even like coins, just something to take up room in their "skinny jeans", or to weigh down purses. I do not think my fantasy of a return to coinage can happen with the present government or financial system, a total collapse as we have never know would be needed, or perhaps some tyrannical regime. We are not going back, most digital age people enjoy the practicality of digits; tradition, culture, and intrinsic value matter not.

    So the question for those who "stack physical cash" then become, how long will physical cash be in use? Well, I already have seen many places that do not take cash, "for safety". Yes, they are liars. No matter, it's the trend. I wonder if they will just declare cash as no longer having value (like I once read Sweden did), or will they just let it slowly die out as declining value makes even the $100 nearly worthless? About 150 years ago, a large cent could by what a dollar can today (hot cross bun). Given monetary inflation has been much higher in the last 50 years, I have little doubt that the $100 will become like the $1 in another 50 years, and it does not look like they will print higher denominations (rather there has been talk of taking out the $100 as it is favored by criminals). Already, the $20 is pretty much change, anytime I go to the local market, I would need to use several $20's to pay for my groceries, so the $100 is my preferred bill. It's like the 1 silver dollar was once like, and anything below is like small change. However, given some merchants have a hard time having change available, I keep all units in my wallet, even down to the cheap zinc cent (to keep from getting others, and I don't like troubling the new generation of cashiers from doing any subtraction math - addition is hard enough for most!

    End question for this thread should be: How Are you Doing Now? Stacking cash, aside for use in emergencies, has always been a fools game. Just remember how it is made.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  10. #1000

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    Quote Originally Posted by Dmitri View Post
    I stack 100's, 50's, 20's...mostly 100's and 20's.

    I have $300 in 10's and 5's...perhaps I should have more...but inflation indicates that the 20 is the new 10, etc. So, perhaps the 50 is the new 20.

    I don't stack 1's. I do have a few hundred in $1 coins of all types (presidents, S.B.Anthony's, Sacagawea's, and Eisenhowers).

    Perhaps I should grab some $2s. Funny when I use those...people think they are something special, and get so excited.
    yes, i get the same thing here in swfl regarding the usage of any $2 bill.the last time i used a handfull of $2 bills the cashier said, "wow thank you" and called over his fellow store employee to check them out. haha

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