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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]
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.
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.
Once upon a time, though, $500, $1,000, $5,000, $10,000 and $100,000 bills were in circulation. After the last printing of those denominations in 1945, the Treasury Department and the Federal ...
Cash currency has perhaps never been less visible than it is right now. Many retailers moved to credit-only transactions throughout the COVID-19 pandemic, while an increasing number of consumers...
Since United States Notes were discontinued in 1971, Federal Reserve Notes are the only type of currency circulating in the US. In 1976, a $2 note was added, 10 years after the $2 denomination of United States Note was officially discontinued. The denomination proved to be unpopular and is now treated as a curiosity, although it is still being ...
The United States one-hundred-thousand-dollar bill (US$100,000) is a former denomination of United States currency issued from 1934 to 1935. The bill, which features President Woodrow Wilson, was created as a large denomination note for gold transactions between Federal Reserve Banks; it never circulated publicly.
One interesting thing about money is that although paper notes usually have a higher currency value than coins, you'll make a lot more money from coins on the collectibles market. The most valuable...