I just got me a $500 bill on ebay. My next goal is a $1,000 bill.
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The base currency of the United States is the U.S. dollar. It is printed in bills in seven denominations: $1, $2, $5, $10, $20, $50, and $100. Previously there have also been five larger denominations: $500, $1,000, $5,000, and $10,000 were printed for general use (in large transactions), and a $100,000 bill for certain internal transactions.
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Although they are still technically legal tender in the United States, high-denomination bills (1928-1934) were last printed on December 27, 1945, and officially discontinued on July 14, 1969, by the Federal Reserve System, supposedly due to 'lack of use'. The $5,000 and $10,000 effectively disappeared well before then.
The Federal Reserve began taking high-denomination currency out of circulation (destroying large bills received by banks) in 1969, after an executive order by President Richard Nixon. As of May 30, 2009, only 336 $10,000 bills were known to exist; 342 remaining $5,000 bills; and 165,372 remaining $1,000 bills. Due to their rarity, collectors often pay considerably more than the face value of the bills to acquire them. Some are in museums in other parts of the world.
For the most part, these bills were used by banks and the Federal government for large financial transactions. This was especially true for gold certificates from 1865 to 1934. However, the introduction of an electronic money system has made large-scale cash transactions obsolete. When combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade and money laundering, it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of inflation that has occurred since 1969 (a $500 bill is now worth less, in real terms, than a $100 bill was worth in 1969). According to the U.S. Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50 and $100. The purpose of the United States currency system is to serve the needs of the public and these denominations meet that goal. Neither the department of the treasury nor the Federal Reserve System has any plans to change the denominations in use today."
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The 100,000 Dollar Gold Certificate is the highest U. S. denomination. Only 42,000 were printed during a three-week window from December 18, 1934 to January 9, 1935. They were used only for transactions between the Federal Reserve and the Treasury Department. These notes were never issued for public circulation. When the Government stopped using them in the 1960s, most were destroyed.
Only a few are known to have survived. They are housed at the Federal Reserve Bank of San Francisco, the Bureau of Engraving and Printing, and the Smithsonian Institute.
It's illegal for a private person to own one of these notes, and none has ever been in private hands. All 42,000 were accounted for.
That is really cool! And quite honestly, something to be proud of and treasure I bet you can't wait to get your hands on that $1,000 dollar bill!
Thanks! Yes, I can't wait to get a $1,000 bill in my collection. It will probably be awhile though. I just paid $1,099 for my $500 bill and the $1,000 bills go for about $2,000 on average.
Thanks! Yes, I can't wait to get a $1,000 bill in my collection. It will probably be awhile though. I just paid $1,099 for my $500 bill and the $1,000 bills go for about $2,000 on average.
Worth every penny though if that's what you're into.
And actually, I'd have figured they went for more.
That's pretty awesome! Funny to think that there are bills that high.
Just yesterday my mom had some spare cash laying on the kitchen counter, and I saw a $2 bill. I hadn't seen one of those in years. Not as impressive as your finds but still surprising to see. She let me keep it.
That's pretty awesome! Funny to think that there are bills that high.
Just yesterday my mom had some spare cash laying on the kitchen counter, and I saw a $2 bill. I hadn't seen one of those in years. Not as impressive as your finds but still surprising to see. She let me keep it.
$2 bills are awesome. I have only four of them, but they're from 1928 and 1953 and feature the Monticello on the back, not the signing of the Declaration of Independence which has been on the reverse since 1976.
Nice collections! I do miss our Pound note. It would be nice to see them return in the UK. I never understood why they stopped producing them, when we could have had £1 and £2 coins to go alongside them.
I collect world currency as well. Actually I collect a little bit of everything when it comes to numismatics: ancient coins, world coins, U.S. coins, world paper money and U.S. paper money. I collect a few tokens and novelty notes here and there too.
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that's cool, how does one get to find the true value of their world coins? I have some gold coins from the middle east I believe they are before wwi and I have showed them in pics to a coin place but I was told its hard to value coins outside the us for them.
that's cool, how does one get to find the true value of their world coins? I have some gold coins from the middle east I believe they are before wwi and I have showed them in pics to a coin place but I was told its hard to value coins outside the us for them.
I use eBay a lot to try and look up the coins and see if similar coins are for sale. I look only at closed listings to see what the coins actually sold for, not what sellers were asking. World coins have no spending value in the US but they all have numismatic value (meaning coin dealers and collectors buy them). Although many very common world coins are only worth like ten cents or a quarter, you should always look them up because you could have something very valuable and rare.
There are these Krause catalogs of World Coins and they literally list every world coin made since 1600 for all countries, but the catalogs are over 1000 pages each and there are like 6 of them. Each cost around $50-$100 but they are really great if you have a lot of rare or uncommon world coins to identify and value.
I use eBay a lot to try and look up the coins and see if similar coins are for sale. I look only at closed listings to see what the coins actually sold for, not what sellers were asking. World coins have no spending value in the US but they all have numismatic value (meaning coin dealers and collectors buy them). Although many very common world coins are only worth like ten cents or a quarter, you should always look them up because you could have something very valuable and rare.
There are these Krause catalogs of World Coins and they literally list every world coin made since 1600 for all countries, but the catalogs are over 1000 pages each and there are like 6 of them. Each cost around $50-$100 but they are really great if you have a lot of rare or uncommon world coins to identify and value.
Awesome thanks for letting me know about those Krause catalogs! Will try to find them in there. The coins are gold; I saw one in an auction site that sold one for $450. So idk. I will have to check them out when I have time.
How much is a Woodrow Wilson $100,000 bill worth today?
Priceless. They are illegal to own. The government printed them only for bank transactions. There is one at the Smithsonian but no private hands can own one legally.
When I was in like the 4th grade a found a crapload of silver dollars in the basement or something... my grandma used to horde them when she worked at the bank I think. Anyway I felt like I just discovered lost treasure and went on a spending spree that ended at hardees where another old lady offered to buy the rest of them. I bought cheeseburgers.
Needless to say my grandma was livid, so the moral of this story is... keep these awya from young kids because they don't give two shit.
As of Sunday, July 14, 2019, it's been 50 years since these 1928 and 1934 series high denomination notes have been discontinued. (July, 14, 1969) It's amazing that there are still so many of them (the $500 and $1,000 notes - very few $5,000 and $10,000 notes left) in the hands of collectors. I've got one $500 and two $1,000 notes and I'd like a few more.
I want them to bring back the 500 and 1000 bills. 100 dollars really isnt that much these days. and with security being so good, I cant see counterfeiting as a reason not to produce these larger bills. hell, they check my 20s more than they do my 100s
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Large Denomination U.S. Currency (Cool!)
I bet you can't wait to get your hands on that $1,000 dollar bill! 
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