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The United States one-hundred-dollar bill (US$100) is a denomination of United States currency. The first United States Note with this value was issued in 1862 and the Federal Reserve Note version was first produced in 1914. [ 2 ]
The $2 and $5 were issued through 1966, and the $2 note was only available as a United States Note. In 1966 the $5 United States Note was discontinued and the $2 denomination was discontinued altogether. In 1966 a $100 US note was issued to meet legal requirements about the amount of notes in circulation. In 1971 the production of US notes was ...
$5 United States Note of Series 1963 $100 United States Note of Series 1966. A United States Note, also known as a Legal Tender Note, was a type of paper money that was issued from 1862 to 1971 in the U.S. Having been current for over 100 years, they were issued for longer than any other form of U.S. paper money.
According to the U.S. Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal.
On banknotes of the United States dollar, the series refers to the year appearing on the obverse of a bill, indicating when the bill's design was adopted. The series year does not indicate the exact date a bill was printed; instead, the year indicates the first year that bills of the same design were originally made.
Early American currency went through several stages of development during the colonial and post-Revolutionary history of the United States. John Hull was authorized by the Massachusetts legislature to make the earliest coinage of the colony (the willow, the oak, and the pine tree shilling ) in 1652.
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They were in two forms: Demand Notes, issued in 1861–1862, [1] and United States Notes, issued in 1862–1865. [2] A form of fiat money , the notes were legal tender for most purposes and carried varying promises of eventual payment in coin but were not backed by existing gold or silver reserves.
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