2007-03-06 15:34:29 · 5 answers · asked by Gina 1 in Social Science ➔ Economics
Of course it is still legal tender (if it is a federal reserve note).
The $10,000 bill came in two forms: the Federal Reserve note and the gold certificate. The gold certificate was actually backed by US gold bullion and could be exchanged for gold coin. The Federal Reserve note is fiat money—like we still use today and is still worth its face value. The gold certificate was never publicly circulated, but used between banks back in the “olden” days. In 1933, the Gold Reserve Act required banks to hand these back over to the government and made the possession of them illegal. However, in 1964, they were made legal again but no longer redeemable for gold. Because of this, $10,000 gold certificates only have numismatic value, which I have seen one selling for over $7,000. Of course, due to the rarity of a $10,000 Federal Reserve note, it would trade for more than its face value.
Secretary of the Treasury, Salmon P. Chase, was on the Federal Reserve note, while I believe President Andrew Jackson was on the gold certificate. Interestingly to note, the largest denomination issued was actually the $100,000 gold certificate, which featured President Woodrow Wilson.
I hope this helped.
2007-03-06 20:41:18 · answer #1 · answered by tapeboy 2 · 1⤊ 0⤋
Us Ten Thousand Dollar Bill
2017-01-20 03:04:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
it is only used by banks. if it says legal tender it is legal they can't print it then say it is no good, otherwise it is counterfitting. that is why they rotate the bills out of circulation before they get to old. interbanking they are not handling those big big big bills like we handle $5 and $10 but like a $500. not very much at all. but since there is no gold they like to keep the $10,000 bills around makes em feel good
2007-03-06 15:45:21 · answer #3 · answered by james 4 · 0⤊ 0⤋
If it is an authentic hunk of US currency I don't see how it could be worthless...I mean it ought to be worth ten grand.
However; gold certificates were 'called-in' years ago, so if yours is gold-backed currency it may only have numismatic value
Ask the government printing office.
The serial number is on record.
A banker might know, too. Any listening-in now?
2007-03-06 15:45:57 · answer #4 · answered by Anonymous · 0⤊ 0⤋
i don't think so. even if u want to use it, the bank won't exhange it for u. of u were to get the bill elsewhere, u would have to pay more than the face value which is not worth doing.
2007-03-06 15:37:51 · answer #5 · answered by Mr. RNC 3 · 0⤊ 0⤋