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US currency larger than $100

Big denominations of United states of america currency greater than $100 were circulated past the The states Treasury until 1969. Since then, U.S. dollar banknotes have simply been issued in seven denominations: $one, $2, $5, $ten, $twenty, $50, and $100.

Overview and history [edit]

Big-denomination currency (i.e., banknotes with a face value of $500 or higher)^[1] had been used in the Us since the late 18th century.^[2] The first $500 note was issued by Due north Carolina, authorized by legislation dated May ten, 1780.^[iii] Virginia speedily followed suit and authorized the printing of $500 and $1,000 notes on October 16, 1780^[iv] and $2,000 notes on May 7, 1781.^[5] High-denomination treasury notes were issued, for case during the War of 1812 ($1,000 notes authorized by an act dated June thirty, 1812).^[6] During the American Civil War Confederate currency included $500 and $1,000 notes.^[seven] The earliest (1861) federal banknotes included high-denomination notes such every bit three-year interest-bearing notes of $500, $1,000, and $5,000, authorized by Congress on July 17, 1861.^[8] In total, 11 unlike types of U.S. currency were issued in high-denomination notes across nearly twenty dissimilar series dates. The obverse designs of United States banknotes generally depict either historical figures, allegorical figures symbolizing significant concepts (e.g., freedom, justice), or a combination of both. The reverse designs range from abstract scroll-work with ornate denomination identifiers to reproductions of historical art works.

Public versus institutional utilise [edit]

Serial 1934 gold certificates ($100; $1,000; $10,000; and $100,000) were issued subsequently the gilt standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on March 9, 1933 (see The states Executive Lodge 6102). Thus the series 1934 notes were used only for intragovernmental (i.e., Federal Reserve Banking concern) transactions and were not issued to the public.^[nine] This series was discontinued in 1940. The series 1928 gold document reverse was printed in black and light-green (run into History of the United States dollar).

Passive retirement [edit]

Although they are notwithstanding legal tender in the United States, high-denomination bills were last printed on December 27, 1945, and were officially discontinued on July 14, 1969, past the Federal Reserve Organisation^[x] due to 'lack of apply'.^[11] The $five,000 and $10,000 bills had effectively disappeared well earlier then.^{[nb 1]}

The Federal Reserve began taking loftier-denomination currency out of circulation and destroying large bills received by banks in 1969.^[xi] As of Jan fourteen, 2020^[update], simply 336 $ten,000 bills were known to exist, forth with 342 remaining $five,000 bills and 165,372 remaining $i,000 bills.^[12] Due to their rarity, collectors pay considerably more than than the face value of the bills to larn them, and some are in museums in other parts of the earth.

For the virtually part, these bills were used past banks and the federal government for large financial transactions, which was especially truthful for gold certificates from 1865 to 1934. Withal, the introduction of electronic money systems has made big-scale cash transactions mostly obsolete, and along with concerns most counterfeiting and the use of greenbacks for unlawful activities (such as drug trafficking and coin laundering), it is unlikely that the U.Southward. government will reissue any large-denomination currency in the foreseeable future. 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 Usa currency arrangement is to serve the needs of the public and these denominations encounter that goal. Neither the Department of the Treasury nor the Federal Reserve System has whatsoever plans to alter the denominations in use today."^[13]

High-denomination banknote issuing data [edit]

Table of banknotes [edit]

The National Numismatic Collection at the Smithsonian Institution contains (amidst other things) the Bureau of Engraving and Printing (BEP) certified proofs and the Treasury Department drove of United States currency. Using a combination of proofs and issued notes, a about complete type fix of high-denomination currency was compiled. Notably missing are several types of Compound and Interest Begetting Notes. Printed during the early to mid-1860s on very thin paper, these high-denomination notes are virtually non-existent. Their issuance (1861–65) predates the BEP's responsibility for U.Southward. currency (1870s), and then information technology is fortunate that whatsoever proofs exist in the current archives.

High denomination United States banknotes^{[nb 12]}

Value	Blazon	Serial	Friedberg number	Image	Portrait/engraving[nb 13]	Comments[nb 14]
000500$500	LT	1862–63	Fr.183c		Gallatin-AlbertAlbert Gallatin	4 known (variety) seven known (type)[20]
000500$500	LT	1869	Fr.184		Adams-John-QuincyJohn Quincy Adams (Charles Burt)[21] Justice (Stephen A. Schoff)[22]	4 known (only one 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]	five 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 (multifariousness and type)[29]
000500$500	SC	1880	Fr.345c		Sumner-CharlesCharles Sumner (Charles Burt)[21]	5 known (diverseness) 7 known (type)[29]
000500$500	TN	1891	Fr.379 Proof		Sherman-WilliamWilliam Tecumseh Sherman	None issued[thirty]
000500$500	NBN	1865–75	Fr.464		zCivilization-Sirius-Burgoyne Civilization (left) (James D. Smillie)[31] Sirius arriving in New York (right) Give up of General Burgoyne (rev) (Frederick Girsch)[32]	2 known (variety) 3 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$1,000	LT	1862–63	Fr.186e		Morris-RobertRobert Morris (Charles Schlecht)[34]	Unique (variety) 5 known (type)[38]
001000$ane,000	LT	1869	Fr.186f Proof		Clinton-DeWittDeWitt Clinton	2 known[39]
001000$1,000	LT	1878	Fr.187a		Clinton-DeWittDeWitt Clinton Columbus in his study (Henry Gugler)[40]
001000$one,000	LT	1880	Fr.187k		Clinton-DeWittDeWitt Clinton Columbus in his study (Henry Gugler)[forty]	4 known (multifariousness) ~xx–25 known (type)[nb 16]
001000$ane,000	IBN	1863	Fr.201 Proof		zJustice-Liberty Justice (left); Liberty (right)	Unknown[41]
001000$ane,000	IBN	1863	Fr.206 Proof		zShips Guerriere and the Constitution (left) and Discovery of the Mississippi past De Soto (right)	Unknown[42]
001000$one,000	SC	1878	Fr.346a Proof		Marcy-WilliamWilliam Marcy (Charles Schlecht)[34]	Unknown[43]
001000$i,000	SC	1880	Fr.346d		Marcy-WilliamWilliam Marcy (Charles Schlecht)[34]	5 known (variety) v known (type)[43]
001000$i,000	SC	1891	Fr.346e		Marcy-WilliamWilliam Marcy (Charles Schlecht)[34] Freedom (Charles Burt)[44]	ii known[43]
001000$i,000	TN	1890	Fr.379a		Meade-GeorgeGeorge Meade (Charles Burt)[21]	5 known (diversity) 7 known (blazon)[45]
001000$1,000	TN	1891	Fr.379c		Meade-GeorgeGeorge Meade (Charles Burt)[21]	2 known (variety) 3 known (blazon)[45]
001000$1,000	NBN	1865–75	Fr.465 Proof		zScott-Winfield-Washington-George Scott entering Metropolis of United mexican states (left) (Alfred Jones)[46] United States Capitol (right) (James Smillie)[27] Washington resigning his commission (rev) (Frederick Girsch)[32]	Unknown[47]
001000$i,000	FRN	1918	Fr.1133d		Hamilton-AlexanderAlexander Hamilton (G.F.C. Smillie)[48] Eagle (rev) (Marcus Due west. Baldwin)[49]
001000$1,000	GC	1863	Fr.1166e Proof		zEagle-shield-Justice-scalesEagle with shield or E Pluribus Unum (Charles Skinner)[35] Justice with scales	Unique[36]
001000$ane,000	GC	1870–75	Fr.1166o Proof		Hamilton-AlexanderAlexander Hamilton (Charles Burt)[l]	Unique[36]
001000$ane,000	GC	1882	Fr.1218g		Hamilton-AlexanderAlexander Hamilton (One thousand.F.C. Smillie)[48]
001000$1,000	GC	1907–22	Fr.1219		Hamilton-AlexanderAlexander Hamilton
001000$1,000	FRN	1928–34	Fr.2210g		Cleveland-GroverGrover Cleveland (John Eissler)[37]
001000$ane,000	GC	1928	Fr.2408		Cleveland-GroverGrover Cleveland (John Eissler)[37]
001000$1,000	GC	1934	Fr.2409		Cleveland-GroverGrover Cleveland (John Eissler)[37]
005000$5,000	LT	1878	Fr.188 Proof		Madison-JamesJames Madison (Alfred Sealey)[51] Eagle (William Chorlton)[52]	All notes have been redeemed, none outstanding[16]
005000$5,000	IBN	1863	Fr.202 Proof		zAltar-of-Freedom The Altar of Freedom (Louis Delnoce)[53]	Unknown[41]
005000$v,000	IBN	1865	Fr.212h Proof		zJustice-New Ironsides Justice (left) New Ironsides (center) (James Smillie)[27]
005000$5,000	FRN	1918	Fr.1134d		Madison-JamesJames Madison (Alfred Sealey)[54] Washington resigning his commission (rev) (Louis Delnoce)[53]	Unique (variety) 5 known (type)[nb 17]
005000$five,000	GC	1863	Fr.1166f Proof		zEagle-Shield-Female personEagle with shield or E Pluribus Unum (Charles Skinner)[35] Female	Unique[36]
005000$5,000	GC	1870–75	Fr.1166k Proof		Madison-JamesJames Madison (Alfred Sealey)[50]	Unknown[36]
005000$5,000	GC	1882	Fr.1221a Proof		Madison-JamesJames Madison (Alfred Sealey)[56]	Two known[36]
005000$5,000	FRN	1928–34	Fr.2220g		Madison-JamesJames Madison (Alfred Sealey)[56]
005000$five,000	GC	1928	Fr.2410		Madison-JamesJames Madison
010000$10,000	LT	1878	Fr.189 Proof		Jackson-AndrewAndrew Jackson (Alfred Sealey)[57]	All notes take been redeemed, none outstanding[16]
010000$10,000	FRN	1918	Fr.1135d		Hunt-SalmonSalmon Chase; Embarkation of the Pilgrims (rev)	Unique (diverseness) 5 known (type)[nb eighteen]
010000$10,000	GC	1863	Fr.1166g Proof		zEagle-ShieldEagle with shield or E Pluribus Unum (Charles Skinner)[35]	Unknown[36]
010000$x,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]	2 known[36]
010000$10,000	GC	1900	Fr.1225		Jackson-AndrewAndrew Jackson (Alfred Sealey)[56]
010000$10,000	FRN	1928–34	Fr.2230b		Chase-SalmonSalmon P. Chase
010000$ten,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 apportionment, therefore cannot legally be held

See also [edit]

• Currency of the United States
• Gilt document
• Promotional Us false currency
• Silver certificate (United States)
• Argent standard
• Treasury Note (1890–91)

References [edit]

Explanatory footnotes [edit]

1. ^ One hundred $10,000 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 individual collectors.
2. ^ The following types of United States banknotes were not issued in loftier denominations and are not included in the list below: Demand notes, Federal Reserve banking company notes (large or small size), legal tender (small size), silverish certificates (small size), National Bank Notes (pocket-sized size)^[fourteen] The table sections are sorted by their appearance in the Friedberg reference volume.
3. ^ Big size notes stand for the earlier types or series of U.S. banknotes. Their "average" dimension is 7+ 3⁄8  ×three+ i⁄viii inches (187 × 79 mm). Small size notes (described equally such due to their size relative to the earlier large size notes) are an "average" half dozen+ 1⁄eight  ×2+ 5⁄viii (156 × 67 mm), the size of modern U.Southward. currency. "Each measurement is ± 0.08 inches (2 mm) to account for margins and cutting".^[xv] Exceptions to the large versus small categories are the CITN, IBN, and RC, all slightly larger than the big size note dimensions.
4. ^ All Series 1878 $v,000 and $10,000 notes accept been redeemed.^[sixteen]
5. ^ Issued HD IBNs are virtually unknown. There may exist ane $500 and 2–3 $1,000 known from all upshot dates.^[17]
6. ^ A $500 Series 1891 Treasury Note was authorized and a certified proof was prepared, only the notation was never issued.^[xviii]
7. ^ Iii banks issued $500 NBGN. None are reported, only 4 notes have not been redeemed.
8. ^ The Kidder National Gold Banking company of Boston received ii-notation $500–$1,000 sheets from the Treasury. The banking concern returned the shipment intact.
9. ^ No issued notes or proofs exist of either $500 or $1,000 NGBN
10. ^ Despite the authorizing act date of 3 March 1863, Gold certificates were not issued until 1865.^[19]
11. ^ Serial 1934 Gold certificates were never intended for public apportionment.
12. ^ The tabular array is sorted by denomination and and then by Friedberg number.
13. ^ When the data is available, the engraver's proper noun has been added in parentheses. Column sorting is based on the individual depicted in the portrait.
14. ^ Diverseness is the Friedberg number, or specific combination of signatures and seal type; type represents all the varieties that be for a given denomination and pattern, information technology is the total number of note known for the unabridged design type.
15. ^ Of the five known notes, 4 are in institutional collections.^[25]
16. ^ Of the 4 known notes, 2 are in institutional collections.^[25]
17. ^ None exist outside of institutional collections.^[55]
18. ^ None exist outside of institutional collections.^[55]

Citations [edit]

1. ^ Friedberg & Friedberg, 2013, pp. 232–35.
2. ^ Friedberg & Friedberg, 2013, p. 22.
3. ^ Newman, 2008, p. 326.
4. ^ Newman, 2008, p. 454.
5. ^ Newman, 2008, p. 455.
6. ^ Friedberg & Friedberg, 2013, p. 32.
7. ^ Fricke, 2014, p. 122 & 124.
8. ^ United states Congress. Human action of July, 17 1861 Chapter V. Washington D.C.: 1861
9. ^ "CHAPTER 3000: CUSTODY OF Gilt CERTIFICATES, Series OF 1934". US Treasury. Retrieved October 21, 2018.
10. ^ "Large denominations". Bureau of Engraving and Press/Treasury Website. Archived from the original on June 25, 2014. Retrieved June 20, 2014.
11. ^ ^{a b} Joanne C. Dauer; Edward A. Dauer (2002). American History equally Seen Through Currency: A Pictorial History of Us Currency equally Seen Throughout Important Historical Events. Heritage Uppercase Corporation. p. 51. ISBN9780972846608.
12. ^ Palmer, Brian (July 24, 2009). "Somebody Call Officer Crumb!: How much cash can a corrupt politician cram into a cereal box?". Slate . Retrieved July 24, 2012. Equally to "cereal boxes" as a repository for sick-gotten bribes compare "Little Tin can Box" in the musical Fiorello!.
13. ^ "our Treasury – FAQs: Denominations of Currency". Retrieved November 29, 2021.
14. ^ Friedberg & Friedberg, 2013, more often than not.
15. ^ Friedberg, p. seven.
16. ^ ^{a b c} Friedberg & Friedberg, 2013, p. 58.
17. ^ Friedberg & Friedberg, 2013, p. 72.
18. ^ Friedberg & Friedberg, 2013, p. 91.
19. ^ Friedberg & Friedberg, 2013, p. 164.
20. ^ Friedberg & Friedberg, 2013, p. 54.
21. ^ ^{a b c d e f g h i} Hessler, 1993, pp. 71–73.
22. ^ Hessler, 2004, p. 36.
23. ^ Friedberg & Friedberg, 2013, p. 55.
24. ^ ^{a b} Hessler, 2004, p. 38.
25. ^ ^{a b} "Heritage Auctions (#3521) 2013 Jan 9–xiv FUN Signature Auction". HA.com. Retrieved June 24, 2014.
26. ^ Hessler, 1993, p. 38.
27. ^ ^{a b c} Hessler, 1993, p. 286.
28. ^ Friedberg & Friedberg, 2013, p. 61.
29. ^ ^{a b} Friedberg & Friedberg, 2013, p. 89.
30. ^ Friedberg & Friedberg, 2013, p. 97.
31. ^ Hessler, 1993, p. 290.
32. ^ ^{a b c} Hessler, 1993, p. 137.
33. ^ Friedberg & Friedberg, 2013, p. 109.
34. ^ ^{a b c d e} Hessler, 1993, p. 265.
35. ^ ^{a b c d} Hessler, 2004, p. 216.
36. ^ ^{a b c d e f g h i j} Friedberg & Friedberg, 2013, p. 165.
37. ^ ^{a b c d e} Hessler, 1993, p. 114.
38. ^ Friedberg & Friedberg, 2013, p. 56.
39. ^ Friedberg & Friedberg, 2013, p. 57.
40. ^ ^{a b} Hessler, 1993, p. 145.
41. ^ ^{a b} Friedberg & Friedberg, 2013, p. 64.
42. ^ Friedberg & Friedberg, 2013, p. 66.
43. ^ ^{a b c} Friedberg & Friedberg, 2013, pp. 89–90.
44. ^ Hessler, 2004, p. 95.
45. ^ ^{a b} Friedberg & Friedberg, 2013, p. 98.
46. ^ Hessler, 1993, p. 180.
47. ^ Friedberg & Friedberg, 2013, p. 110.
48. ^ ^{a b c} Hessler, 1993, p. 280.
49. ^ Hessler, 1993, p. 40.
50. ^ ^{a b} Hessler, 2004, p. 219.
51. ^ Hessler, 2004, p. 39
52. ^ Hessler, 1993, p. 83.
53. ^ ^{a b} Hessler, 1993, p. 99.
54. ^ Hessler, 2004, p. 200.
55. ^ ^{a b} Friedberg & Friedberg, 2013, p. 159.
56. ^ ^{a b c d} Hessler, 2004, p. 223.
57. ^ Hessler, 2004, p. 39.
58. ^ Hessler, 1993, p. 237.

General bibliography [edit]

• Fricke, Pierre (2014). Collecting Confederate Paper Money. Pierre Fricke. ISBN978-0-9844534-9-8.
• Friedberg, Arthur 50.; Friedberg, Ira Southward. (2013). Newspaper Money of the United states: A Complete Illustrated Guide With Valuations (20th ed.). Coin & Currency Institute. ISBN978-0-87184-520-7 . Retrieved February xiv, 2014.
• Hessler, Factor (1993). The Engraver'south Line – An Encyclopedia of Paper Money & Postage Stamp Art. BNR Press. ISBN0-931960-36-3.
• Hessler, Factor (2004). U.S. Essay, Proof and Specimen Notes (2 ed.). BNR Press. ISBN0-931960-62-2.
• Huntoon, Peter W. (1995). U.s.a. Large Size National Bank Notes. Society of Paper Money Collectors, Inc. ISBN0-9648774-1-four.
• Newman, Eric P. (2008). The Early Newspaper Coin of America (5 ed.). Krause Publications. ISBN978-0-89689-326-nine.
• Schwartz, John; Lindquist, Scott (2011). Standard Guide to Pocket-sized-Size U.S. Paper Coin – 1928 to Date. Krause Publications. ISBN978-1-4402-1703-6 . Retrieved February 14, 2014.

External links [edit]

• Big Denominations from the Bureau of Engraving and Printing
• U.Southward. Department of the Treasury

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Source: https://en.wikipedia.org/wiki/Large_denominations_of_United_States_currency

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