Ask Yahoo!
Ask Home - Yahoo! - Help

 Ask Yahoo!
Thursday November 10, 2005 Previous | Next
Dear Yahoo!:
What's the largest currency denomination ever made in the U.S., and what's the biggest one used today?
Julio
New York, New York
Dear Julio:
According to the US Treasury Department, the largest currency denomination ever printed by the Bureau of Engraving and Printing was the $100,000 series 1934 gold certificate, which featured a portrait of President Woodrow Wilson.

But you couldn't find these in, say, J.P. Morgan's wallet. A limited number were printed at the end of 1934, and they were intended for government use only. By the end of that year there were several other big bucks, including denominations of $500, $1,000, $5,000, and $10,000. These were perfectly legal tender, but mostly used for bank transfers.

Production of these bills stopped around 1946, and in 1969 the government decided to cease using them altogether. The big bills are still around (though mostly in the hands of collectors), and can be used to make a down payment on a plasma TV. However, the U.S. government has made an effort to pull them out of circulation.

The biggest bill still in use is the classic C note -- the $100 bill. The Benjamin was the highest note to survive the 1969 repeal, because by that point electronic money transfer systems had rendered large paper bills unnecessary.

 
Related Links
·How does the U.S. admit a new state into the union?
·Who was the chairman of the Fed before Alan Greenspan?
More Questions About
·Coins & Currency
Get Ask Your Way
·Most Popular
·Yahoo! Toolbar
· View RSS Feed  add to My Yahoo!
Email this page -    Save to del.icio.us    Save to My Web    Digg This

Copyright © 2005 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy

All information available through or in connection with Ask Yahoo! is informational only and provided "as is" without warranties, representations, or guarantees of any kind. Yahoo! disclaims any and all implied warranties respecting Ask Yahoo!. Use of Ask Yahoo! is entirely at your own risk and is not a substitute for conducting your own research.