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Does money ever go bad--

Now with the new one hundren dollar bill coming out, I was wondering if you are storing your money in a safe at home instead of a bank, could you money someday not be worth anything if you had $15k in old bills??

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Anonymous

Asked by Anonymous at 2:21 PM on Apr. 22, 2010 in Money & Work

Answers (4)
  • NO! LOL LOL LOL!! Haven't you ever had a 1940 nickel or a 1967 dime???
    Anonymous

    Answer by Anonymous at 4:22 PM on Apr. 22, 2010

  • I am talking about the bills, not the coins it is pretty hard to counterfiet coins!!
    Anonymous

    Answer by Anonymous at 4:44 PM on Apr. 22, 2010

  • No, money can't go bad. In fact just the opposite. If you hold on to it long enough, it will gain value. Paper money, like coins will become more valuable to collectors the longer it's out of circulation. Which is why bills like Silver Certificates are worth more than face value now...
    SabrinaMBowen

    Answer by SabrinaMBowen at 5:10 PM on Apr. 22, 2010

  • American money so far has always held it's face value. Foreign money is an entirely different story. Indonesian money actually "looses" face value the older the bill is. Same holds true for other countries. Some have even discontinued certain "bills" and they actually worthless.....even to a collector!

    *** we actually have came across alot of foreign money out of a side business we were in a year ago ** we were buying auctioned storage units and found different types of money in different units.......We sent off 4 different countries to have it converted / exchanged for american....we looked all of them up / US vs That Countries conversion and "thought" we had about $2500.0 or so.......After all of it got converted we got $19.00 !! Seriously! All the bills had "depreciated"..............
    gr-mom2

    Answer by gr-mom2 at 10:23 AM on Apr. 23, 2010

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