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The greenback's low point came in July that year, with 258 greenbacks equal to 100 gold. When the war ended in April 1865 the greenback made another recovery to 150. [11] The recovery began when Congress limited the total issue of greenback dollars to $450 million. The greenbacks rose in value until December 1878, when they became on par with gold.
There was a limited issue of $1 notes in the Series of 1928, most of which were released in 1948 in Puerto Rico, and an issue of $100 notes in the Series year of 1966, mainly to satisfy the legacy legal requirement of maintaining the mandated quantity in circulation after the $2 and $5 denominations had been discontinued in August 1966.
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.
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 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.
A $50 banknote from North Carolina, printed in 1863 and in circulation until 1864. The Confederate State of North Carolina issued currency during the years 1861, 1862, 1863 and 1864.
This article originally appeared on GOBankingRates.com: ‘$100K Is Not a Lot of Money’ — This 100-Year-Old Money Rule Still Applies Today. Show comments. Advertisement. Advertisement.
They switched to small size in 1929 and are the only type of currency in circulation today in the United States. They were originally printed in denominations of $5, $10, $20, $50, $100, $500, $1,000, $5,000 and $10,000.