Does the U.S. Mint print a $1 Million dollar bill note?

Question

I thought of this after hearing the recent story of the dumber-than-a-rock crook who tried to pass a fake $1 Million bill at a bank in South Carolina. Is there really such a thing as an authentic $1 Million dollar bill. If there is, I suspect it's only circulated among federal reserve banks.

Answer 1

Today, the currency of the United States, the U.S. dollar, is printed in bills in denominations of $1, $2, $5, $10, $20, $50, and $100.


At one time, however, it also included five larger denominations. Shown here is a $100,000 Gold certificate from 1934. High-denomination currency was prevalent from the very beginning of U.S. Government issue (1861). $500, $1,000, and $5,000 interest bearing notes were issued in 1861, and $10,000 gold certificates arrived in 1865. There are many different designs and types of high-denomination notes.


The 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These gold certificates (of denominations $100, $1,000, $10,000, and $100,000) were issued after the gold standard was repealed and gold was compulsorily purchased by presidential order of Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102), and thus were only used 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 above.



Printing of other high-denomination bills was discontinued in 1946, but the bills continued to circulate until 1969, when they were officially withdrawn. The $5,000 and $10,000 effectively disappeared well before then: there are only about 200 $5,000 and 300 $10,000 bills known, of all series since 1861. Most of the $10,000 bills are due to the preservation of 100 ($1,000,000) of them by Benny Binion, the owner of Binion's Horseshoe casino in Nevada. For many years, they were displayed in a glass case in the casino. The case is no longer there, and the bills were sold to collectors.



Circulation of high-denomination bills was halted in 1969 by executive order of President Richard Nixon, in an effort to combat organized crime.



For the most part, these bills were used by banks and the Federal Government for large financial transactions. This was especially true for gold certificates from 1865 to 1934. However, the introduction of the electronic money system has made large-scale cash transactions obsolete; when combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade, it is unlikely that the U.S. government will re-issue large denomination currency in the near future.

Answer 2

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RE:
Does the U.S. Mint print a $1 Million dollar bill note?
I thought of this after hearing the recent story of the dumber-than-a-rock crook who tried to pass a fake $1 Million bill at a bank in South Carolina. Is there really such a thing as an authentic $1 Million dollar bill. If there is, I suspect it's only circulated among federal reserve banks.

Answer 3

First off, the Mint only makes coins. The Treasury prints bills and the largest note is $100. This is to stymie counterfeiters.

Check out the US Treasury site for more information about the history and 'fun facts' about folding money

Answer 4

No Million dollar bill
They once long ago had $500, $1000, $5000 and $10,000 dollar bills but these are no longer in circulation. If you had one it would certainly be worth more than face value.

see the link for more money info.

Answer 5

the mints in the US produce coins only. the bills are made by the bureau of printing and engraving. the highest denomination bill ever made by them is the $100,000 bill. they have not made any of these bills in many years. the 100K bills were never put into circulation.

mints are in philidelphia, san francisco, denver, and west point

the places where they make the bills are at washington dc and fort worth.

Answer 6

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No, that has been tried to death but the public never took to it. Besides, big coins pull my pants down.

Answer 7

No...there is not. They mentioned it in the article about the crook that tried to deposit it.

Sandy B.

Answer 8

Nope, it doesn't exist and never did.

Answer 9

No, but i heard that story.....he was probably on drugs.

Answer 10

No