I think that there were even larger denomination bills, but they were used almost exclusively for transferring large amounts between banks or the Federal Reserve, which now days can be done electronically by computer.
If one of the bills is turned into a financial institution I believe it has to be by law turned into the Federal Reserve. That was done during Tricky Dicky’s administration to make it harder to easily move large amounts of money across borders. That was a tactic in his drug war.
I remember Monty Hall trying to give a $10,000,000 bill away on “Let’s Make a Deal”. It was encased in cellophane and he said that it was used to make transfers between Federal Reserve Banks but was real. I remember regularly seeing $1,000,000 bills when I was young. Farmers tended to deal in cash when they sold their crops and made the rounds to pay their bills for fertilizer, seeds etc.
The highest value of denomination currently in production is the $100 bill, but in decades past, the Federal Reserve has issued $1,000, $5,000, $10,000 and even $100,000 bills. (Google Search)
As a kid I moved some savings from jobs & gifts from one bank to another, and the first bank gave me three $1000 bills. I only had them for about two hours.
According to Wikipedia, “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.”
charliefarmrhere almost 7 years ago
I think that there were even larger denomination bills, but they were used almost exclusively for transferring large amounts between banks or the Federal Reserve, which now days can be done electronically by computer.
Templo S.U.D. almost 7 years ago
Well, I guess if Pres. McK still wore his carnation, he wouldn’t have been assassinated.
gmartin997 almost 7 years ago
Many of those bills still exist today, but only as part of private collections.
Dkram almost 7 years ago
By wikipedia: China is first with nearly 1.4 bil population.
India second with alittle over 1.3 bil population.
And comes the good old USA in at 326,202,000 population.
So, we know where all the people are. (0.o)
\\//_
wirepunchr almost 7 years ago
If the large denomination bills are turned into a financial institution I believe that by law they have to be turned into the Federal Reserve.
wirepunchr almost 7 years ago
If one of the bills is turned into a financial institution I believe it has to be by law turned into the Federal Reserve. That was done during Tricky Dicky’s administration to make it harder to easily move large amounts of money across borders. That was a tactic in his drug war.
tkcoker almost 7 years ago
I remember Monty Hall trying to give a $10,000,000 bill away on “Let’s Make a Deal”. It was encased in cellophane and he said that it was used to make transfers between Federal Reserve Banks but was real. I remember regularly seeing $1,000,000 bills when I was young. Farmers tended to deal in cash when they sold their crops and made the rounds to pay their bills for fertilizer, seeds etc.
aimlesscruzr almost 7 years ago
Then there are the stories about fast food “restaurants” that refuse to take $2 bills because the cashier thinks they’re counterfeit.
J Short almost 7 years ago
The highest value of denomination currently in production is the $100 bill, but in decades past, the Federal Reserve has issued $1,000, $5,000, $10,000 and even $100,000 bills. (Google Search)
J Short almost 7 years ago
Pull up to toll booth and say, “Can you break a 10,000.”
drycurt almost 7 years ago
As a kid I moved some savings from jobs & gifts from one bank to another, and the first bank gave me three $1000 bills. I only had them for about two hours.
coffeeturtle almost 7 years ago
When Cash was Boss
paranormal almost 7 years ago
According to Wikipedia, “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.”
Stephen Gilberg almost 7 years ago
So Monopoly didn’t make it up.