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In 1861, in fact until the mid-1870s, the Treasury Department lacked the facilities or infrastructure to engrave and print the bulk of it financial paper and therefore relied on external contracts with private bank note companies.
The $500, $1,000, $5,000 and $10,000 denominations were last printed in 1945 and discontinued in 1969, making the $100 bill the largest denomination banknote in circulation. A $1 note was added in 1963 to replace the $1 Silver Certificate after that type of currency had been discontinued. Since United States Notes were discontinued in 1971 ...
[13] [15] At the time, 2,827,702 of the $1000 bills were in circulation, representing 0.3% of all circulating currency; in 2001, 520,000 banknotes were withdrawn from circulation and destroyed. [34] By 2011, fewer than 1 million were in circulation, most of which were held by organized crime and used for money laundering. [13] [2] [15]
[[Category:Buffalo Bills templates]] to the <includeonly> section at the bottom of that page. Otherwise, add <noinclude>[[Category:Buffalo Bills templates]]</noinclude> to the end of the template code, making sure it starts on the same line as the code's last character.
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.
Uncut currency sheets are common numismatics collector's items. They are often sold as souvenirs by issuers. After cutting, usually the banknotes can be used as legal tender; however, the cost to purchase uncut currency sheets is typically higher than the aggregate face value of the cut notes.
Authorized under an act by the United States Congress, the first two-dollar bill was issued in March 1862 [5] and the denomination was continuously used until 1966; by that time, the United States Note was the only remaining class of U.S. currency to which the two-dollar bill was assigned.
This was the last series to feature a $1 banknote, with the banknote replaced by a dollar coin – known as a loonie for its design of a loon on the obverse – in 1987; printing of the $1 banknote ceased in 1989. However, there was a 21-month period where both the $1 bill and coin were produced concurrently, from June 1987 to April 1989. [17]