Fun facts about big, big bank notes
The $10,000 bill may seem like small potatoes compared with the recently proposed $1 trillion coin. But many big bills have interesting stories.
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Huh? I'm currently holding a 2009 in my hand.
The $2 bill will increase in popularity only if the $1 dollar bill is eliminated as some want to do. Since the value of the dollar has plunged over the years, it would make sense to reintroduce the $500 dollar bill, the euro has this denomination. This won’t happen, however, due to the governments desire to eventually eliminate most currency in favor of electronic transactions, the better to track your expenses and see what you’re buying.
I won't continue this line but will only point out that all paper money is really no more than a 'check' from the Fed - that's why big bills existed in the past. Because the seller would prefer a negotiable check from the bank - say a $500 bill - rather than a written check from an individual that may bounce.
"The Series 1934 gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the was repealed and gold was compulsorily confiscated by order of President on March 9, 1933 (see ), and thus were used only for intra-government transactions and not issued to the public."
Thus, the odds of a private citizen having possession of $100,000 denomination are virtually ZERO. The earlier issue United States Note in these high denominations were used in the same manner, for intra-government transactions only.
In the early Fifties, my father received a $1000.00 bill as part payment of a house he sold.
He got a lot of free cigarette's, after he told the store clerks that the $1000.00 bill was the
only bill he had on him.
"The Treasury hasn't whipped up a batch of twofers since 2003."
They were printed with "series 2009" on them. Get your facts strait!
When I was in high school, I saw 3 1000 dollar bills. I worked fast food at a mall, and this kind of smarmy-looking guy pulled out his money clip to pay for his order. There were 3 1000-dollar bills on the outside of the bundle of cash. It was bizarre. I didn't even know that 1000 dollar bills existed. This would have been in 1986 or so.
Then about 13-14 years ago, I worked in a vault. I always checked serial numbers on bill packs from the bank, because I had a friend who was a collector, so I would pull bills with interesting serial numbers for him. At the bottom of an otherwise sequential bundle of 1000 singles, I found one bundle out of sequence. The singles had serial numbers from 1-100, all uncirculated bills. They had obviously been deliberately hidden in that bag of bills by (I can only assume) an employee at the mint. I bought the bundle and called a coin dealer, who called a few people. He called me back and said he had a buyer who had a buyer for them, and gave me 5 grand for them. I've often wished I had just held onto them, but at that time, I really needed the money. I hope never to find out what that bundle of bills might have actually been worth.
Numismatists still collect this stuff--$500 and $1,000 dollar bills are EASY to find if you're a collector; the U.S. Mint keeps most of the $100,000 bills and higher currency and puts them on display. BUT, for the right price, a collector can usually find a "rogue bill" that was never turned in--sort of like the "stolen-artwork" market. Its just an underground "black market" and you can find what you like, if you're willing to pay. It's an interesting collector thing.
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