Former United States Paper Money
United States Paper Money is currently printed in $1, $2, $5, $10, $20, $50, and $100 bills. This is not always the way it was. In 1861, when U.S. currency started being printed, in addition to the current bills, there were $500, $1,000, and $5,000 bills being printed as interest bearing notes. Later, in 1865, $10,000 Gold Certificates started being put out into circulation.
These bills were printed as small-sized notes starting in 1929. The $500 bill had a portrait of the twenty-fifth U.S. President, William McKinley. The $1,000 bill showed a picture of Grover Cleveland, the twenty-second and twenty-fourth U.S. President. The $5,000 bill had a picture of James Madison, fourth President of the United States. Salmon P. Chase, a American Politician, was shown on the $10,000 bill. These bills were printed mainly in green and black ink. Production of these bills ended in 1945 and on July 14, 1969, the Federal Reserve System officially discontinued them. Today, these bills are super rare and worth quite a lot of money.
The last of the Former United States Paper Money is the $100,000 bill. It displayed a portrait of twenty-eighth U.S. President, Woodrow Wilson, on the obverse and was printed in orange ink on the reverse. This bill was made only as a Gold Certificate of Series of 1934 and used for only government business. The series stopped being printed in 1940.
These bills were mainly printed for the use of banks and the Federal Government for big financial trades. It is unlikely that bills this large will ever be produced again because of all the problems related to counterfeiting and bad use like illegal drug deals. Credit cards and electronic money have provided another reason that making these bills would be pointless.
Tags: $1000 bill, $1000 Federal Reserve Note, $10000 bill, $10000 Federal Reserve Note, $100000 bill, $100000 Gold Certificate, $500 bill, $500 Federal Reserve Note, $5000 bill, $5000 Federal Reserve Note