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Since 1969 banks are required to send any $5000 bill to the Department of the Treasury for destruction. [3] Examples of the note have become valuable among collectors. In 2024, a graded example of a $5000 bill sold at auction for $144,000. [4] In 2023, an example of the $5,000 Federal Reserve Note sold at Heritage Auctions for $300,000. [5]
National Bank Notes were issued by banks chartered or authorized to do so by the Federal Government. The charter expired after 20 years, but could be renewed. They were of uniform appearance except for the name of the bank and were issued as three series or charter periods: 1869–1882, 1882–1902, and 1902–1922.
Of these, the $100,000 was printed only as a Series 1934 gold certificate and was only used for internal government transactions. The United States also issued fractional currency for a brief time in the 1860s and 1870s, in several denominations each less than a dollar.
Capital One recommends using the format “One thousand, five hundred and 00/100” for writing out $1,500. That would make $1,200 look like “One thousand, two hundred and 00/100.”
1880 Series United States five-dollar bill. 1869 United States five-dollar bill also known as the Woodchopper Note is a legal tender bank note. It was a large-size US bank note measuring 7.125 in (181.0 mm) x 3.125 in (79.4 mm). The note was issued in five series from 1869 to 1907.
One-thousand-dollar National Bank Note, by the American Bank Note Company One-dollar United States Note from the series of 1862–63 at Greenback (money) , by the American Bank Note Company Two-dollar United States Note from the series of 1862–63 at Greenback (money) , by the American Bank Note Company
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.
The grouping includes the one- and two-year notes authorized by the Act of March 3, 1863, which bore interest at five percent per annum, were a legal tender at face value, and were issued in denominations of $10, $20, $50, $100, $500 and $1000. [1]