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On July 14, 1969, the United States Department of the Treasury announced that all notes in denominations greater than US$100 would be discontinued. [1] Since 1969 banks are required to send any $1000 bill to the Department of the Treasury for destruction. [5] Collectors value the one-thousand-dollar bill with a gold seal. [6]
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However, the back of the bill simply says, “The United States of America — Ten Thousand Dollars — 10,000.” $100,000 Bill This bill didn’t even make it to the public.
As of May 30, 2009, only 336 $10,000 bills were known to exist, along with 342 $5,000 bills, 165,372 $1,000 bills and fewer than 75,000 $500 bills (of over 900,000 printed). [12] [13] Due to their rarity, collectors pay considerably more than the face value of the bills to acquire them, and some are in museums in other parts of the world.
With the exception of the $100,000 bill, these bills ceased production in the 1940s, and were recalled in 1969. Of these, the $100,000 was printed only as a Series 1934 gold certificate and was only used for internal government transactions.
Series 1890 $1,000 Treasury Note, nicknamed "The Grand Watermelon" due to the shape and colour of the zeros on the reverse.. The Treasury Note (also known as a Coin Note) was a type of representative money issued by the United States government from 1890 until 1893 under authority of the Sherman Silver Purchase Act in denominations of $1, $2, $5, $10, $20, $50, $100 and $1,000. [1]
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