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Way Beyond 100

March 28, 2009

Andrew has asked me several times what the largest bill ever made is. I finally got that answered for him.

From Wikipedia

us500

us1000

us5000

us10000

us100000dollarsbillobverse

Here is some information provided by the U.S. Treasury.

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.

The largest denomination of currency ever printed by the Bureau of Engraving and Printing (BEP) was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934 through January 9, 1935 and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.

On July 14, 1969, David M. Kennedy, the 60th Secretary of the Treasury, and officials at the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.

FYI – $1,000,000 bill was never made by the U.S. Treasury.

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3 Comments leave one →
  1. Kim permalink
    March 28, 2009 10:36 am

    Thanks for looking that one up. The boys loved seeing those big bills!

  2. March 28, 2009 10:51 am

    I actually own a $1,000.00 bill – it’s really cool, I think it’s in a safety deposit box. Back from my days of working in the bank.

  3. nancyk5000 permalink*
    March 28, 2009 1:21 pm

    That is pretty cool….I saw one when I was a kid.

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