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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]
Beginning in July 1969, the Federal Reserve began removing high-denomination currency from circulation and destroying any large bills returned by banks. [11] 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).
Since 1971, Federal Reserves Notes have been the only banknotes of the United States dollar that have been issued. But at some points in the past, the United States had multiple different types of banknotes, such as United States Notes (1862–1971), Interest bearing notes (1863-1865), and Gold certificates (1865–1934).
It’s also illegal for a currency investor to hold this bill, which features the image of 28th U.S. President Woodrow Wilson. The $5,000 and $10,000 bills, however, are out there in limited supply.
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.
The U.S. Dollar has numerous discontinued denominations, particularly high denomination bills, issued before and in 1934 in six denominations ranging from $500 to $100,000. Although still legal tender, most are in the hands of collectors and museums.
These initial bills were referred to as “large-size legal tender bills.” Today, one of these can fetch a price of more than $75,000, according to a high-grade 2018 example sold via Heritage ...
There are many $1,000 banknotes or bills, including: One of the withdrawn Canadian banknotes; One of the withdrawn large denominations of United States currency; One of the banknotes of the Hong Kong dollar; One of the withdrawn Singapore banknotes; One of the Fifth series of the New Taiwan Dollar banknote; One of the banknotes of Zimbabwe