Family Dollar 1128 W Hwy 11e New Market Tn
Large denominations of U.s. currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have only been issued in vii denominations: $i, $2, $v, $ten, $twenty, $50, and $100.
Overview and history [edit]
Big-denomination currency (i.east., banknotes with a face value of $500 or college)[1] had been used in the United States since the late 18th century.[2] The kickoff $500 note was issued by Northward Carolina, authorized by legislation dated May 10, 1780.[3] Virginia speedily followed suit and authorized the printing of $500 and $1,000 notes on Oct xvi, 1780[4] and $2,000 notes on May vii, 1781.[5] High-denomination treasury notes were issued, for example during the War of 1812 ($ane,000 notes authorized by an human action dated June 30, 1812).[6] During the American Ceremonious War Confederate currency included $500 and $1,000 notes.[7] The earliest (1861) federal banknotes included loftier-denomination notes such as three-year interest-begetting notes of $500, $1,000, and $5,000, authorized by Congress on July 17, 1861.[8] In total, eleven different types of U.S. currency were issued in high-denomination notes beyond nearly xx different series dates. The obverse designs of United States banknotes generally depict either historical figures, allegorical figures symbolizing meaning concepts (east.chiliad., liberty, justice), or a combination of both. The reverse designs range from abstract whorl-work with ornate denomination identifiers to reproductions of historical art works.
Public versus institutional use [edit]
Series 1934 gold certificates ($100; $one,000; $x,000; and $100,000) were issued after the golden standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on March ix, 1933 (see United States Executive Lodge 6102). Thus the series 1934 notes were used only for intragovernmental (i.e., Federal Reserve Banking company) transactions and were non issued to the public.[9] This series was discontinued in 1940. The series 1928 gold certificate reverse was printed in blackness and light-green (see History of the The states dollar).
Passive retirement [edit]
Although they are still legal tender in the United States, high-denomination bills were terminal printed on December 27, 1945, and were officially discontinued on July xiv, 1969, by the Federal Reserve System[ten] due to 'lack of use'.[eleven] The $5,000 and $ten,000 bills had effectively disappeared well before then.[nb 1]
The Federal Reserve began taking high-denomination currency out of apportionment and destroying big bills received past banks in 1969.[11] As of January xiv, 2020[update], only 336 $10,000 bills were known to exist, forth with 342 remaining $five,000 bills and 165,372 remaining $1,000 bills.[12] Due to their rarity, collectors pay considerably more than the face value of the bills to acquire them, and some are in museums in other parts of the world.
For the virtually role, these bills were used by banks and the federal government for large financial transactions, which was specially truthful for gold certificates from 1865 to 1934. However, the introduction of electronic money systems has made large-scale cash transactions mostly obsolete, and along with concerns well-nigh counterfeiting and the apply of cash for unlawful activities (such equally drug trafficking and coin laundering), it is unlikely that the U.S. government will reissue whatsoever big-denomination currency in the foreseeable future. According to the U.Southward. Department of Treasury website, "The present denominations of our currency in production are $ane, $2, $5, $10, $20, $50 and $100. The purpose of the Usa 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 whatever plans to modify the denominations in use today."[13]
High-denomination banknote issuing data [edit]
Table of banknotes [edit]
The National Numismatic Drove at the Smithsonian Institution contains (among other things) the Bureau of Engraving and Printing (BEP) certified proofs and the Treasury Department collection of Us currency. Using a combination of proofs and issued notes, a near consummate type set of high-denomination currency was compiled. Notably missing are several types of Chemical compound and Involvement Begetting Notes. Printed during the early to mid-1860s on very thin paper, these high-denomination notes are almost non-existent. Their issuance (1861–65) predates the BEP's responsibility for U.S. currency (1870s), and then it is fortunate that any proofs exist in the electric current archives.
Value | Type | Serial | Friedberg number | Paradigm | Portrait/engraving[nb 13] | Comments[nb xiv] |
---|---|---|---|---|---|---|
000500$500 | LT | 1862–63 | Fr.183c | Gallatin-AlbertAlbert Gallatin | 4 known (variety) 7 known (type)[xx] | |
000500$500 | LT | 1869 | Fr.184 | Adams-John-QuincyJohn Quincy Adams (Charles Burt)[21] Justice (Stephen A. Schoff)[22] | 4 known (just 1 privately)[23] | |
000500$500 | LT | 1874–78 | Fr.185b | Mansfield-JosephJoseph Mansfield (Charles Burt)[21] Victory (Charles Burt)[24] | ||
000500$500 | LT | 1880 | Fr.185l | Mansfield-JosephJoseph Mansfield (Charles Burt)[21] Victory (Charles Burt)[24] | 5 known (diverseness)[nb 15] | |
000500$500 | CITN | 1864 | Fr.194a Proof | zStandard Bearer-New Ironsides Standard Bearer (left) (George D. Baldwin)[26] New Ironsides (right) (James Smillie)[27] | Unknown[28] | |
000500$500 | SC | 1878 | Fr.345a | Sumner-CharlesCharles Sumner (Charles Burt)[21] | Unique (variety and type)[29] | |
000500$500 | SC | 1880 | Fr.345c | Sumner-CharlesCharles Sumner (Charles Burt)[21] | 5 known (variety) 7 known (type)[29] | |
000500$500 | TN | 1891 | Fr.379 Proof | Sherman-WilliamWilliam Tecumseh Sherman | None issued[30] | |
000500$500 | NBN | 1865–75 | Fr.464 | zCivilization-Sirius-Burgoyne Civilization (left) (James D. Smillie)[31] Sirius arriving in New York (right) Surrender of Full general Burgoyne (rev) (Frederick Girsch)[32] | 2 known (variety) iii known (type)[33] | |
000500$500 | FRN | 1918 | Fr.1132d | Marshall-JohnJohn Marshall (Charles Schlecht)[34] de Soto discovering the Mississippi (rev) (Frederick Girsch)[32] | ||
000500$500 | GC | 1863 | Fr.1166d Proof | zEagle-shieldEagle with shield or E Pluribus Unum (Charles Skinner)[35] | Unknown[36] | |
000500$500 | GC | 1870–75 | Fr.1166i | Lincoln-AbrahamAbraham Lincoln (Charles Burt)[21] | Unique[36] | |
000500$500 | GC | 1882–1922 | Fr.1216a | Lincoln-AbrahamAbraham Lincoln (Charles Burt)[21] | ||
000500$500 | FRN | 1928–34 | Fr.2200g | McKinley-WilliamWilliam McKinley (John Eissler)[37] | ||
000500$500 | GC | 1928 | Fr.2407 | McKinley-WilliamWilliam McKinley (John Eissler)[37] | ||
001000$ane,000 | LT | 1862–63 | Fr.186e | Morris-RobertRobert Morris (Charles Schlecht)[34] | Unique (diverseness) five known (blazon)[38] | |
001000$1,000 | LT | 1869 | Fr.186f Proof | Clinton-DeWittDeWitt Clinton | 2 known[39] | |
001000$ane,000 | LT | 1878 | Fr.187a | Clinton-DeWittDeWitt Clinton Columbus in his study (Henry Gugler)[40] | ||
001000$ane,000 | LT | 1880 | Fr.187k | Clinton-DeWittDeWitt Clinton Columbus in his study (Henry Gugler)[twoscore] | 4 known (variety) ~20–25 known (type)[nb 16] | |
001000$1,000 | IBN | 1863 | Fr.201 Proof | zJustice-Liberty Justice (left); Liberty (right) | Unknown[41] | |
001000$1,000 | IBN | 1863 | Fr.206 Proof | zShips Guerriere and the Constitution (left) and Discovery of the Mississippi past De Soto (right) | Unknown[42] | |
001000$1,000 | SC | 1878 | Fr.346a Proof | Marcy-WilliamWilliam Marcy (Charles Schlecht)[34] | Unknown[43] | |
001000$1,000 | SC | 1880 | Fr.346d | Marcy-WilliamWilliam Marcy (Charles Schlecht)[34] | five known (variety) 5 known (type)[43] | |
001000$1,000 | SC | 1891 | Fr.346e | Marcy-WilliamWilliam Marcy (Charles Schlecht)[34] Liberty (Charles Burt)[44] | 2 known[43] | |
001000$ane,000 | TN | 1890 | Fr.379a | Meade-GeorgeGeorge Meade (Charles Burt)[21] | 5 known (variety) 7 known (type)[45] | |
001000$ane,000 | TN | 1891 | Fr.379c | Meade-GeorgeGeorge Meade (Charles Burt)[21] | 2 known (multifariousness) iii known (type)[45] | |
001000$i,000 | NBN | 1865–75 | Fr.465 Proof | zScott-Winfield-Washington-George Scott entering Metropolis of United mexican states (left) (Alfred Jones)[46] United States Capitol (right) (James Smillie)[27] Washington resigning his commission (rev) (Frederick Girsch)[32] | Unknown[47] | |
001000$1,000 | FRN | 1918 | Fr.1133d | Hamilton-AlexanderAlexander Hamilton (Thousand.F.C. Smillie)[48] Eagle (rev) (Marcus West. Baldwin)[49] | ||
001000$1,000 | GC | 1863 | Fr.1166e Proof | zEagle-shield-Justice-scalesHawkeye with shield or Due east Pluribus Unum (Charles Skinner)[35] Justice with scales | Unique[36] | |
001000$ane,000 | GC | 1870–75 | Fr.1166o Proof | Hamilton-AlexanderAlexander Hamilton (Charles Burt)[50] | Unique[36] | |
001000$1,000 | GC | 1882 | Fr.1218g | Hamilton-AlexanderAlexander Hamilton (Thousand.F.C. Smillie)[48] | ||
001000$i,000 | GC | 1907–22 | Fr.1219 | Hamilton-AlexanderAlexander Hamilton | ||
001000$1,000 | FRN | 1928–34 | Fr.2210g | Cleveland-GroverGrover Cleveland (John Eissler)[37] | ||
001000$1,000 | GC | 1928 | Fr.2408 | Cleveland-GroverGrover Cleveland (John Eissler)[37] | ||
001000$one,000 | GC | 1934 | Fr.2409 | Cleveland-GroverGrover Cleveland (John Eissler)[37] | ||
005000$5,000 | LT | 1878 | Fr.188 Proof | Madison-JamesJames Madison (Alfred Sealey)[51] Hawkeye (William Chorlton)[52] | All notes have been redeemed, none outstanding[16] | |
005000$5,000 | IBN | 1863 | Fr.202 Proof | zAltar-of-Liberty The Altar of Liberty (Louis Delnoce)[53] | Unknown[41] | |
005000$5,000 | IBN | 1865 | Fr.212h Proof | zJustice-New Ironsides Justice (left) New Ironsides (middle) (James Smillie)[27] | ||
005000$5,000 | FRN | 1918 | Fr.1134d | Madison-JamesJames Madison (Alfred Sealey)[54] Washington resigning his commission (rev) (Louis Delnoce)[53] | Unique (variety) 5 known (type)[nb 17] | |
005000$v,000 | GC | 1863 | Fr.1166f Proof | zEagle-Shield-FemaleEagle with shield or East Pluribus Unum (Charles Skinner)[35] Female | Unique[36] | |
005000$5,000 | GC | 1870–75 | Fr.1166k Proof | Madison-JamesJames Madison (Alfred Sealey)[l] | Unknown[36] | |
005000$5,000 | GC | 1882 | Fr.1221a Proof | Madison-JamesJames Madison (Alfred Sealey)[56] | Ii known[36] | |
005000$v,000 | FRN | 1928–34 | Fr.2220g | Madison-JamesJames Madison (Alfred Sealey)[56] | ||
005000$5,000 | GC | 1928 | Fr.2410 | Madison-JamesJames Madison | ||
010000$10,000 | LT | 1878 | Fr.189 Proof | Jackson-AndrewAndrew Jackson (Alfred Sealey)[57] | All notes have been redeemed, none outstanding[16] | |
010000$10,000 | FRN | 1918 | Fr.1135d | Hunt-SalmonSalmon Chase; Embarkation of the Pilgrims (rev) | Unique (variety) 5 known (type)[nb 18] | |
010000$10,000 | GC | 1863 | Fr.1166g Proof | zEagle-ShieldHawkeye with shield or E Pluribus Unum (Charles Skinner)[35] | Unknown[36] | |
010000$10,000 | GC | 1870–75 | Fr.1166l Proof | Jackson-AndrewAndrew Jackson | Unique[36] | |
010000$10,000 | GC | 1882 | Fr.1223a Proof | Jackson-AndrewAndrew Jackson (Alfred Sealey)[56] | Two known[36] | |
010000$10,000 | GC | 1900 | Fr.1225 | Jackson-AndrewAndrew Jackson (Alfred Sealey)[56] | ||
010000$10,000 | FRN | 1928–34 | Fr.2230b | Hunt-SalmonSalmon P. Chase | ||
010000$10,000 | GC | 1928 | Fr.2411 | Chase-SalmonSalmon P. Chase | ||
010000$x,000 | GC | 1934 | Fr.2412 | Chase-SalmonSalmon P. Chase | ||
100000$100,000 | GC | 1934 | Fr.2413 | Wilson-WoodrowWoodrow Wilson (M.F.C. Smillie)[48] Reverse (Frederick Pauling)[58] | Was never in circulation, therefore cannot legally exist held |
Run into also [edit]
- Currency of the United states of america
- Gilded document
- Promotional United States fake currency
- Argent certificate (U.s.a.)
- Silver standard
- Treasury Notation (1890–91)
References [edit]
Explanatory footnotes [edit]
- ^ I hundred $x,000 bills were on display for many years by Benny Binion at Binion's Horseshoe casino in Las Vegas, Nevada, where they were encased in acrylic. The display has since been dismantled and the bills sold to private collectors.
- ^ The following types of United States banknotes were not issued in high denominations and are not included in the list beneath: Need notes, Federal Reserve bank notes (big or pocket-sized size), legal tender (small size), silver certificates (small size), National Banking company Notes (small size)[14] The table sections are sorted past their appearance in the Friedberg reference book.
- ^ Large size notes represent the earlier types or series of U.S. banknotes. Their "average" dimension is 7+ three⁄8 ×3+ 1⁄8 inches (187 × 79 mm). Small size notes (described as such due to their size relative to the before large size notes) are an "boilerplate" vi+ 1⁄8 ×ii+ 5⁄8 (156 × 67 mm), the size of mod U.S. currency. "Each measurement is ± 0.08 inches (2 mm) to business relationship for margins and cutting".[fifteen] Exceptions to the large versus small categories are the CITN, IBN, and RC, all slightly larger than the large size note dimensions.
- ^ All Series 1878 $5,000 and $x,000 notes have been redeemed.[16]
- ^ Issued HD IBNs are virtually unknown. There may be one $500 and 2–iii $1,000 known from all effect dates.[17]
- ^ A $500 Series 1891 Treasury Notation was authorized and a certified proof was prepared, but the annotation was never issued.[xviii]
- ^ Three banks issued $500 NBGN. None are reported, but four notes have not been redeemed.
- ^ The Kidder National Gold Bank of Boston received two-note $500–$1,000 sheets from the Treasury. The bank returned the shipment intact.
- ^ No issued notes or proofs be of either $500 or $ane,000 NGBN
- ^ Despite the authorizing act date of 3 March 1863, Gold certificates were not issued until 1865.[19]
- ^ Series 1934 Aureate certificates were never intended for public apportionment.
- ^ The tabular array is sorted by denomination and then past Friedberg number.
- ^ When the information is available, the engraver'due south name has been added in parentheses. Column sorting is based on the private depicted in the portrait.
- ^ Variety is the Friedberg number, or specific combination of signatures and seal type; type represents all the varieties that exist for a given denomination and design, it is the total number of notation known for the entire design type.
- ^ Of the 5 known notes, four are in institutional collections.[25]
- ^ Of the four known notes, two are in institutional collections.[25]
- ^ None be outside of institutional collections.[55]
- ^ None exist exterior of institutional collections.[55]
Citations [edit]
- ^ Friedberg & Friedberg, 2013, pp. 232–35.
- ^ Friedberg & Friedberg, 2013, p. 22.
- ^ Newman, 2008, p. 326.
- ^ Newman, 2008, p. 454.
- ^ Newman, 2008, p. 455.
- ^ Friedberg & Friedberg, 2013, p. 32.
- ^ Fricke, 2014, p. 122 & 124.
- ^ United States Congress. Act of July, 17 1861 Affiliate V. Washington D.C.: 1861
- ^ "CHAPTER 3000: CUSTODY OF Gilded CERTIFICATES, SERIES OF 1934". US Treasury. Retrieved October 21, 2018.
- ^ "Large denominations". Agency of Engraving and Printing/Treasury Website. Archived from the original on June 25, 2014. Retrieved June 20, 2014.
- ^ a b Joanne C. Dauer; Edward A. Dauer (2002). American History as Seen Through Currency: A Pictorial History of Usa Currency as Seen Throughout Important Historical Events. Heritage Majuscule Corporation. p. 51. ISBN9780972846608.
- ^ Palmer, Brian (July 24, 2009). "Somebody Telephone call Officeholder Crumb!: How much cash can a corrupt politician cram into a cereal box?". Slate . Retrieved July 24, 2012. Every bit to "cereal boxes" every bit a repository for ill-gotten bribes compare "Trivial Tin can Box" in the musical Fiorello!.
- ^ "our Treasury – FAQs: Denominations of Currency". Retrieved Nov 29, 2021.
- ^ Friedberg & Friedberg, 2013, generally.
- ^ Friedberg, p. vii.
- ^ a b c Friedberg & Friedberg, 2013, p. 58.
- ^ Friedberg & Friedberg, 2013, p. 72.
- ^ Friedberg & Friedberg, 2013, p. 91.
- ^ Friedberg & Friedberg, 2013, p. 164.
- ^ Friedberg & Friedberg, 2013, p. 54.
- ^ a b c d e f g h i Hessler, 1993, pp. 71–73.
- ^ Hessler, 2004, p. 36.
- ^ Friedberg & Friedberg, 2013, p. 55.
- ^ a b Hessler, 2004, p. 38.
- ^ a b "Heritage Auctions (#3521) 2013 January 9–14 FUN Signature Auction". HA.com. Retrieved June 24, 2014.
- ^ Hessler, 1993, p. 38.
- ^ a b c Hessler, 1993, p. 286.
- ^ Friedberg & Friedberg, 2013, p. 61.
- ^ a b Friedberg & Friedberg, 2013, p. 89.
- ^ Friedberg & Friedberg, 2013, p. 97.
- ^ Hessler, 1993, p. 290.
- ^ a b c Hessler, 1993, p. 137.
- ^ Friedberg & Friedberg, 2013, p. 109.
- ^ a b c d e Hessler, 1993, p. 265.
- ^ a b c d Hessler, 2004, p. 216.
- ^ a b c d e f g h i j Friedberg & Friedberg, 2013, p. 165.
- ^ a b c d e Hessler, 1993, p. 114.
- ^ Friedberg & Friedberg, 2013, p. 56.
- ^ Friedberg & Friedberg, 2013, p. 57.
- ^ a b Hessler, 1993, p. 145.
- ^ a b Friedberg & Friedberg, 2013, p. 64.
- ^ Friedberg & Friedberg, 2013, p. 66.
- ^ a b c Friedberg & Friedberg, 2013, pp. 89–90.
- ^ Hessler, 2004, p. 95.
- ^ a b Friedberg & Friedberg, 2013, p. 98.
- ^ Hessler, 1993, p. 180.
- ^ Friedberg & Friedberg, 2013, p. 110.
- ^ a b c Hessler, 1993, p. 280.
- ^ Hessler, 1993, p. twoscore.
- ^ a b Hessler, 2004, p. 219.
- ^ Hessler, 2004, p. 39
- ^ Hessler, 1993, p. 83.
- ^ a b Hessler, 1993, p. 99.
- ^ Hessler, 2004, p. 200.
- ^ a b Friedberg & Friedberg, 2013, p. 159.
- ^ a b c d Hessler, 2004, p. 223.
- ^ Hessler, 2004, p. 39.
- ^ Hessler, 1993, p. 237.
General bibliography [edit]
- Fricke, Pierre (2014). Collecting Confederate Paper Coin. Pierre Fricke. ISBN978-0-9844534-9-viii.
- Friedberg, Arthur L.; Friedberg, Ira Due south. (2013). Newspaper Money of the U.s.: A Consummate Illustrated Guide With Valuations (20th ed.). Coin & Currency Constitute. ISBN978-0-87184-520-7 . Retrieved February 14, 2014.
- Hessler, Gene (1993). The Engraver's Line – An Encyclopedia of Paper Money & Stamp Fine art. BNR Press. ISBN0-931960-36-3.
- Hessler, Gene (2004). U.S. Essay, Proof and Specimen Notes (2 ed.). BNR Press. ISBN0-931960-62-2.
- Huntoon, Peter W. (1995). United States Large Size National Bank Notes. Society of Paper Money Collectors, Inc. ISBN0-9648774-ane-4.
- Newman, Eric P. (2008). The Early Paper Money of America (v ed.). Krause Publications. ISBN978-0-89689-326-9.
- Schwartz, John; Lindquist, Scott (2011). Standard Guide to Small-Size U.S. Paper Coin – 1928 to Date. Krause Publications. ISBN978-1-4402-1703-vi . Retrieved February 14, 2014.
External links [edit]
- Big Denominations from the Bureau of Engraving and Printing
- U.South. Department of the Treasury
Source: https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency
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