Around 1928 in the United States of America, the use of a $1000 dollar bill was ordinary.?

Question

Who's portrait was on this bill?

Answer 1

Grover Cleveland was. But more than that it wasn't an "ordinary" bill, it was rarely used for person to person transactions (aside from drug/alchol purchases), but was more often used for bank to bank or business loans to be conducted in the banks. It was discontinued shortly after as it was connected to the funding of many illegal bars during prohibition.

Answer 2

Yes it was ordinary to use $1,000 bills in 1928 for some groups and President Grover Cleveland was the face on it. About this time the Comptroller of the Currency saw that these $1,000 bills were the means of exchange in organized crime transactions and those who ran speak-easys (who sold liquor) in violation of prohibition. It wasn't long before the linkage between crime and the high dollar forms of currency was made and the $1,000 bill was gone. Now the $100 is the largest denomination and a study by the Comptroller of the Currency showed that more than 80% of $100 high traces of cocaine on them.