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The $100 bill is the largest denomination that has been printed and circulated since July 13, 1969, when the larger denominations of $500, $1,000, $5,000, and $10,000 were retired. [4] As of December 2018, the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.
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. The reverse designs featured abstract scroll-work with ornate denomination identifiers.
In 1969, the federal government retired the $500, $1,000, $5,000 and $10,000 bills, leaving $100 as the largest denomination of currency in circulation. However, the C-note had more than a century ...
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.
A $10,000 bill sold for $456,000 in 2021, the highest value ever commanded for such a note, according to Heritage Auctions. Older $2 Bills People often have $2 bills tucked away in a drawer somewhere.
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.
When the redesigned $100 bill was released in October 2013, Dustin Johnston, director of Heritage Auctions in Dallas, told The Boston Globe the very first bill (serial number 00000001) could be ...
However, due to intense demand for $100 bills from banks, Series 2006A (with the same Cabral-Paulson signatures as series 2006 notes) was printed, using the series 1996 design instead of the new 2009 design. The redesigned $100 note was finally issued in October 2013 as series 2009A, not series 2009 as the defective notes were dated.