High-denomination bills were issued in a small size in 1929, along with the $1 through $100 denominations. Their designs were as follows:
* The $500 bill featured a portrait of William McKinley
* The $1,000 bill featured a portrait of Grover Cleveland
* The $5,000 bill featured a portrait of James Madison
* The $10,000 bill featured a portrait of Salmon P. Chase
* The $100,000 bill featured a portrait of Woodrow Wilson
The reverse designs featured abstract scrollwork with ornate denomination identifiers. All were printed in green, except for the $100,000. The $100,000 is an odd bill, in that it was not generally issued, and printed only as a gold certificate of Series of 1934. These gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the gold standard was repealed and gold was compulsorily purchased by presidential order of Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102), and thus were used only for intra-government transactions. They are printed in orange on the back, and are illegal to own. All known pieces are in government museums. This series was discontinued in 1940. The other bills are printed in black and green as shown by the $10,000 example (pictured at right).
Although they are still technically legal tender in the United States, high-denomination bills were last printed in 1945 and officially discontinued on July 14, 1969, by the Federal Reserve System.[
2007-05-24 12:48:15
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answer #1
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answered by F. Frederick Skitty 7
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