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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 $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 ...
“TO ARTISTS, ENGRAVERS AND OTHERS – Designs for National Currency Notes are hereby invited, of the denominations of $5, $10, $20, $50, $100, $500 and $1,000, to be issued under the Act of Congress authorizing a National Currency, approved 25 February 1863”. [18]
The next series was Series 1918, which contained large-size notes in denominations of $500 bill with John Marshall, the $1,000 bill with Alexander Hamilton, the $5,000 bill with James Madison, and the $10,000 bill with Salmon Chase. One dollar bills featuring George Washington (which were all Silver Certificates) came in Series 1923, as did red ...
Denominations of $1, $2, and $5 were produced. Denominations of $10, $20, $50, $100, $500 and $1000 were also planned. The $10 and $50 designs were being prepared but were never completed or produced before the series was abandoned and replaced by the series of 1899. [7] [8]
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]
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
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, [update] the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.