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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 ...
Authorized under an act by the United States Congress, the first two-dollar bill was issued in March 1862 [5] and the denomination was continuously used until 1966; by that time, the United States Note was the only remaining class of U.S. currency to which the two-dollar bill was assigned.
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.
1861: Three-year 100-dollar Interest Bearing Notes were issued that paid 7.3% interest per year. These notes were not primarily designed to circulate and were payable to the original purchaser of the dollar bill. The obverse of the note featured a portrait of General Winfield Scott. 1862: The first $100 United States Note was issued. [3]
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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 abstract scroll-work with ornate denomination identifiers.
The United States 10,000-dollar bill (US$10000) (1878–1934) is an obsolete denomination of the United States dollar. The $10,000 note was the highest denomination of US currency to be used by the public and was no longer issued after 1969. These notes are still legal tender, and thus banks will redeem them for face value.
The United States five-hundred-dollar bill (US$500) (1861–1945) is an obsolete denomination of United States currency. It was printed by the US Bureau of Engraving and Printing (BEP) beginning in 1861 and ending in 1945. Since 1969 banks are required to send $500 bills to the United States Department of the Treasury for destruction.