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Large-denomination currency (i.e., banknotes with a face value of $500 or higher) [1] had been used in the United States since the late 18th century. [2] The first $500 note was issued by North Carolina , authorized by legislation dated May 10, 1780. [ 3 ]
They were removed from circulation in 1964, at the same time as silver coins. They were issued in large size through 1929 and in small size thereafter. They were originally issued in denominations of $10, $20, $50, $100, $500 and $1,000. $1, $2 and $5 notes were added in 1882. Small size notes were only made in denominations of $1, $5 and $10.
In the description of the banknotes, the date in parentheses indicates the individual's first appearance on a given note type and denomination. When multiple banknotes are listed, the order, though seeming random, is in accordance with the Friedberg Number, [ 1 ] in ascending Friedberg order.
Chief Justice of the United States John Marshall appears on the obverse of the 1918 five-hundred-dollar bill. The note was a large-size bill measuring 8 cm (3.1 in) x 19 cm (7.5 in). [3] A new small-size 500 bill was issued in 1928 and 1934. The new version featured former president William McKinley's portrait. [4]
The United States 10,000-dollar bill (US$10000) is an obsolete denomination of the United States dollar. The denomination was first issued in 1878 and the last series were produced in 1934. The were withdrawn from circulation after 1969. The $10,000 note was the highest denomination of US currency to be used by the public.
Jackson, whose face has been on the $20 bill since 1928, was a supporter of slavery who -- as some critics have pointed out -- did not believe the United States should use paper money.
On July 14, 1969, the United States Department of the Treasury announced that all notes in denominations greater that US$100 would be discontinued. [1] Since 1969 banks are required to send any $5000 bill to the Department of the Treasury for destruction. [2] Examples of the note have become valuable among collectors.
In the future, there may be a new face on twenty dollar bills if Barbara Ortiz Howard and Susan Ades Stone have their way. The pair established the non-profit organization simply called Women on 20s.