2007-03-02 02:24:29 · 6 answers · asked by stecar910 1 in Business & Finance ➔ Other - Business & Finance
They were discontinued in 1969, so there aren't many still in circulation.
2007-03-02 02:28:56 · answer #1 · answered by Vegan 7 · 1⤊ 0⤋
All small size $500, $1,000, $5,000 and $10,000 notes were printed only in the 1928, 1934, 1934 A, 1934 B, or 1934 C series. Although all these High Denomination notes are rare, the 34 B and 34 C series are extremely rare with none having been seen. The 1928 series were "Redeemable in Gold on demand." The 1934 A, B and C series were the last High Denomination notes printed in 1945. On July 14, 1969 the Department of the Treasury and the Federal Reserve system announced that due to lack of use, the High Denomination notes would be discontinued immediately. All High Denomination notes that are turned into banks are forwarded to the Federal Reserve and destroyed.
Even so, you can still purchase - from dealers or private collectors - any/all US bank notes.
You might find it interesting, too:
Denominations of the various types of security printings produced by the Bureau of Engraving and Printing range from the lowly 1/5 cent Wine Stamp to the lofty $100,000,000 International Monetary Fund Special Notes.
2007-03-02 03:48:36 · answer #2 · answered by Sgt Pepper 5 · 1⤊ 0⤋
They existed at one point, but not anymore. I think the last 500 dollar bills were printed in the 30s, and the last 1000's were printed in the 50s.
You'll never see one outside of a currency collection.
2007-03-02 02:28:11 · answer #3 · answered by The Oldest Soul 3 · 0⤊ 0⤋
Yes. They are no longer printed (minted) & distributed by government authorities (U.S. Treasury & Federal Reserve)...but there are some that have not been returned to the govt. As banks receive this bills, they are required to return them to the govt. who them records their return and then... destroys them.
It's estimated that there is in excess of 100,000 of the $1000 notes (bills) still floating around in the world. Most, if not all, are held by collectors. But note this (no pun intended), large casinos have been known to provided their best costumers with them. Another thing, depending on their condition...they are worth more than their face value. Sometimes 4 times the denomination!!!!
2016-08-30 02:09:14 · answer #4 · answered by Richard Bowman 1 · 0⤊ 0⤋
No, they were only made for use between banks, not other sources.
2007-03-02 02:30:27 · answer #5 · answered by whawkeyes06 2 · 2⤊ 0⤋
yes
2007-03-02 02:27:11 · answer #6 · answered by links305 5 · 1⤊ 2⤋