The Highest Bill You’ve Probably Held Is A $100… But There Are Lots More And They’re Totally Real.
Here are pictures of five large U.S. dollar bills that aren’t printed anymore, but a few of them still remain in circulation. So maybe you’ll be lucky enough to be walking down the street one day and see President Cleveland’s face staring back at you from the pavement… although it’s extremely unlikely.
$500 – Wiliam McKinley – These are from the last series (all printed from 1934–45) of large US currency to be in public circulation. These are all still legal tender, and several hundred of each denomination are still around (mostly in the hands of private collectors). This is money for people with a lot of money.
$1,000 – Grover Cleveland – The Federal Reserve began taking them out of circulation in 1969, though this process can only occur when someone deposits the bill at their bank.
$5,000 – James Madison – You can still deposit these at your bank (if you ever get your hands on one), though you will have to jump through some hoops. Typically these bills are sold these days for far greater than their face value, as people like to collect them.
$10,000 – Salmon P. Chase – This guy was not president. He was a senator and governor from Ohio, Treasury Secretary under Lincoln, and eventually Chief Justice of the Supreme Court.
$100,000 – Woodrow Wilson – This bill was never in public circulation, they were used in formal transactions between Federal Reserve Banks. Introduction of the electronic money system made large cash transactions obsolete.
We’ve all seen those “We don’t accept $100 bills” signs in shops and restaurants, but they don’t say anything about $5,000 bills. Does that mean I can pay with some Madisons?
Share these with your friends. The pictures, not the actual dollar bills if you have them… you better be keeping those.