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Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have been issued in seven denominations : $1 , $2 , $5 , $10 , $20 , $50 , and $100 .
There were three general types of money in the colonies of British America: the specie (coins), printed paper money and trade-based commodity money. [2] Commodity money was used when cash (coins and paper money) were scarce. Commodities such as tobacco, beaver skins, and wampum, served as money at various times in many locations. [3]
Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery , and is illegal in all jurisdictions of the world.
Red Book: A Guide Book Of United States Paper Money. Atlanta: Whitman. ISBN 0-7948-1786-6. Hudgeons, Marc; Tom Hudgeons (2005). Official 2006 Blackbook Price Guide to United States Paper Money. New York: Random House. Hughes, Roderick (2004). Official Know-It-All Guide. Hollywood: Fredrick Fell Publishers. ISBN 0-88391-109-4.
A Guide Book Of United States Paper Money: Complete Source for History, Grading, and Prices by Arthur L. Friedberg (Compiler), Ira S. Friedberg (Compiler), and Q. David Bowers. ISBN 0-7948-1786-6 FRBSF currency exhibit Archived 2006-01-26 at the Wayback Machine
The police stated that "The potential to undermine the economy of the UK and US was very significant." [13] [14] The printer admitted to making 350,000 $100 bills, $35 million, over 18 months. [15] The gang was using equipment capable of printing £1 million per day, and claimed to produce $500,000 in fake dollars a day.
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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 ...