Somebody is trying to sell this to us, and I wanna know if it can be used today. How do I know if it is just a replica, the original itself, or a fake? Thanks/
2007-06-07 18:06:20 · 5 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
No its not, and never has been, legal tender as in exchangable for goods and services, the $100,000 bank transfer note was used as just that a bank note. If it is real its worth a small fortune, and haven't been around since the gold standard was repealed in 1934. By law the only type of legal transaction that could be made using it would be to go to the US Mint and exchange it for gold in the value of the note, and since the note is so old it probably wouldn't be honored.
Gold and Silver Certificates are no longer legel tender, and though the lower denominations can usually be gotten passed and not caught, if they are they are sent to be destoryed, the upper denominations which are out of print are very hard to use because not even banks deal with them anymore.
2007-06-07 18:21:55 · answer #1 · answered by Mark G 7 · 0⤊ 0⤋
The $100,000 bill is not in print any longer. The Treasury does not print anything larger than a $100 bill. If you were going to invest a significant sum of money (I would assume at least $100,000) on this bill, I would have an expert check its authenticity. While it could be used as legal tender (no one would have the change to cover a $100,000 bill), its uniqueness makes it a better collectors item.
2007-06-08 01:22:30 · answer #2 · answered by msi_cord 7 · 0⤊ 0⤋
The U.S. Mint doesn't print anything higher than $100 bills anymore, but if you had an authentic $100,000 bill, you could use it as legal tender.
HOWEVER, your 100 grand bill is worth a lot more than $100,000 dollars now, due to it's rarity, so I wouldn't use it to buy groceries.
In any case, a seller on the up-and-up would have no problem having it tested for authenticity--such as meeting with you at a reputable dealer.
2007-06-08 01:11:18 · answer #3 · answered by pablodelapuente 2 · 0⤊ 0⤋
If it is real, it would technically be legal tender. So if they are selling for less then $100,000, you know it's bogus.
Anyways, because they are rare, it would be worth *a lot* more then that. So if they are selling it cheap, beware.
I'd stay away. Or have an expert evaluate it.
2007-06-08 01:25:48 · answer #4 · answered by Kenneth C 6 · 0⤊ 1⤋
$100,000 dollar bills are no longer in print, all of them have been destroyed, they were only used between banks, and never given out to customers
2007-06-08 01:14:44 · answer #5 · answered by dahorndogd013 4 · 0⤊ 0⤋