īeginning in July, 1969, the Federal Reserve began removing high-denomination currency from circulation and destroying any large bills returned by banks. The lower production $5,000 and $10,000 notes had effectively disappeared well before then. The series 1928 gold certificate reverse was printed in black and green (see History of the United States dollar).Īlthough they remain legal tender in the United States, high-denomination bills were last printed on December 27, 1945, and were officially discontinued on July 14, 1969, by the Federal Reserve System due to "lack of use". Thus the series 1934 notes were used only for intragovernmental (i.e., Federal Reserve Bank) transactions and were not issued to the public. ![]() Series 1934 gold certificates ($100 $1,000 $10,000 and $100,000) were issued after the gold standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on Ma(see United States Executive Order 6102). The reverse designs range from abstract scroll-work with ornate denomination identifiers to reproductions of historical art works. The obverse designs of United States banknotes generally depict either historical figures, allegorical figures symbolizing significant concepts (e.g., liberty, justice), or a combination of both. currency were issued in high-denomination notes across nearly 20 different series dates. The earliest (1861) federal banknotes included high-denomination notes such as three-year interest-bearing notes of $500, $1,000, and $5,000, authorized by Congress on July 17, 1861. During the American Civil War Confederate currency included $500 and $1,000 notes. High-denomination treasury notes were issued, for example during the War of 1812 ($1,000 notes authorized by an act dated June 30, 1812). ![]() Virginia quickly followed suit and authorized the printing of $500 and $1,000 notes on Octo and $2,000 notes on May 7, 1781. The first $500 note was issued by North Carolina, authorized by legislation dated May 10, 1780. ![]() Large-denomination currency (i.e., banknotes with a face value of $500 or higher) had been used in the United States since the late 18th century. dollar banknotes have been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100. Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969.
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