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A cashless economy sounds good in theory. You can keep your cash in several denominations like sawbucks, fins, singles, Benjamins, $50, and more, but did you know that there are several discontinued American currencies and stopped dollar bills? Did you know that once there was a 500 dollar bill American? Yes, all this is true.
Today, let’s talk about rare US currency denominations.
The 2 dollar bill
The United States $2 bill was first printed in 1862. Former U.S. President Thomas Jefferson is featured on the obverse of the note. The $2 bill has not been removed from circulation and is still a circulating United States paper currency denomination.
Who is on the 2 dollar bill?
The original $2 bill featured Alexander Hamilton’s portrait. However, this portrait was later replaced with the portrait of Thomas Jefferson. One has to commend the aesthetic appeal of this beautiful bill. At the back of this bill, you can see a reproduction of the painting by John Trumbull – ‘Declaration of Independence.
The printing of these bills has not been interrupted since the Civil War, except from 1966 to 1976. Talking about the present situation, this bill is still in circulation, but it is amongst the rarest tenders to behold. While approximately 1.3 billion $2 bills are still in circulation, you can easily live a life without seeing one. The Bureau of Engraving and Printing still considers it a legal tender; this bill was last printed in 2003.
How much is a 2 dollar bill worth?
A small size 2 dollar bill is worth between $5 till $100. Most large size two-dollar bills issued from 1862 through 1918 are worth around $100 in well-circulated condition. Uncirculated large-size notes are worth at least $500 and can go up to $10,000 or more. A small size 2 dollar bill worth Table is presented below:
| Series Dollar 2 | Circulated | Uncirculated |
|---|---|---|
| 1928 | 60 | 100 |
| 1953 | 10 | 25 |
| 1963 | 9 | 20 |
| 1976-Today | Face Value | $5 - $10 |
$500 Bill
Is there a $500 bill?
Yes, the very first $500 note was issued by the Province of North Carolina in May of 1780, with Virginia following a $500 note of its own later that year. The $500 bill issued in 1862 had a portrait of Albert Gallatin, the longest-serving Secretary of the Treasury. Produced in 1918, the front of this $500 bill bears John Marshall’s likeness, who served as the United States’ fourth Chief Justice of the Supreme Court from 1801 to 1835. The reverse side of the bill depicts Spanish conquistador Hernando De Soto discovering the Mississippi in 1541. These green seal notes bear the portrait of William McKinley, the 25th President of the United States. In 1945, the last bill of this denomination was published. The $500 bill, were officially discontinued by the Federal Reserve System in July of 1969.
The US $500 bill is still a legal tender, although a few people would be willing to exchange it for goods because its worth is now more than its face value as it has become a rare bill. You will mostly find it with collectors and dealers. Therefore, don’t spend it if you ever come in possession of a rare $500 bill. It can fetch you at least 40% more than its face value.
How much is a 500 dollar bill worth?
In 2021., the green seal 500 dollar bill is worth between $550 and $850, but it can be worth much more than that depending purely on the condition, serial number, and district of issue. Gold seal dollar 500 bill from 1928 is worth more than $3500. See $500 worth Table below:
| Series | Seal | Average Condition | Unc | Unc Star |
|---|---|---|---|---|
| 1928 | Gold | $3,500 | $15,000 | N/A |
| 1928 | Green | $550 ? $800 | $1,300 | $2,000 |
| 1934 | Green | $550 ? $700 | $1,000 | $1,500 |
| 1934A | Green | $550 ? $700 | $1,000 | $1,500 |
$1000 Bill
The original version of the $1000 bill had Alexander Hamilton’s, but it was replaced. This was done to avoid confusion as Alexander Hamilton’s portrait was on various other denominations. Printed in 1928, this $1,000 bill features two-time the United States President Grover Cleveland. He was the nation’s 22nd and 24th president, earning him the distinction of being the only president to serve two non-consecutive terms. Similar to the $500 bill, the $1000 US bill was also discontinued in 1969.
Who is on the $1000 bill?
Grover Cleveland is on the $1000 bill, and he was an American politician and lawyer who served as the 22nd and 24th president of the United States. Grover Cleveland was the only president in American history that served two non-consecutive terms in office from 1885 to 1889 and 1893 to 1897.
Why were these bills discontinued? The answer is inflation which was as high as 36.8% in 1969. If we go by these stats, the $1000 bill president will now be worth around $153! This means that its value has fallen. However, like the $500 bill, the $1000 bill has become a collector’s item and costs more than its face value.
How much is a 1000 dollar bill worth?
The average price for a $1000 bill is around $1600. However, there are rare $1000 bills that are worth more than $20K.
$5000 Bill
The Continental Congress, a body of delegates representing the 13 colonies, began issuing paper money, including the $1,000 bill, to help finance the Revolutionary War. The official printing of these bills began with the Civil War. On its front is James Madison’s portrait. This bill, too, was recalled in 1969. Richard Nixon feared its use by criminals for money laundering.
Who is one of the $5000 bills?
James Madison, Founding Father, is on the $5000 bill. James Madison was an American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth president of the United States from 1809 to 1817. He is hailed as the “Father of the Constitution” for his pivotal role in drafting and promoting the United States and the United States Bill of Rights.
How much $5000 worth today?
$5000 bill Is worth $30,000, and prices go up from there depending on condition, district, and serial number. These notes are scarce, and it is currently thought that there are no more than 342 that have escaped destruction by the Bureau of Engraving and Printing.
$10,000 Bill
The 10,000 dollar bill represents the highest denomination US currency ever to circulate publicly. Although a $100,000 bill featuring Woodrow Wilson’s portrait was issued, its purpose was to transfer funds between Federal Reserve Banks and not pass in retail transactions. Since 1969, the highest denomination note issued in the US has been the $100 bill.
Who is on the 10000 dollar bill?
On the 10,000 dollar bill is Salmon P. Chase. He was a U.S. politician and jurist who served as the sixth Chief Justice of the United States. He also served as the 23rd Governor of Ohio, represented Ohio in the United States Senate, and served as the 25th United States Secretary of the Treasury.
A $10,000 bill seems impractical in many ways, but there was a time when these were printed in the United States of America. These bills were published under Salmon P. Chase’s guidance. He is deemed as one of the best politicians in the USA. He was a senator from Ohio and also its governor. He also served as the Secretary of Treasury when Abraham Lincoln was the president. He also served as the Supreme Court chief justice, but most people will always remember him as the guy on the big $10,000 bills.
This bill was the most ever-printed in the US for public consumption, but it was never used that much. One can quickly understand why this was used less. This bill first came into existence in 1918. This was yet another bill that was scraped in 1969. Today, there are limited authentic $10,000 bills in reality. Needless to say that these are also collectibles now.
How much is a 10000 dollar bill worth?
The dollar 10000 bill is very rate, and it is worth from $30,000 till $140,000. However, the price can vary based on condition, date, etc. In uncirculated condition, the price is around $350,000,
$100,000 Bill
This bill was never intended for public use to begin with. On its front was the portrait of Woodrow Wilson. This bill was referred to as the gold certificate. Such a vast denomination was never even circulated in public. These bills were created in 1934, during the Great Depression, by the Bureau of Engraving and Printing. If you are one of those who still think are 10000 dollar bills actual, the answer is ‘yes.’ Looking at the current econ.
Who is on the 100000 dollar bill?
On a 100,000 dollar bill is Woodrow Wilson. Featuring Woodrow Wilson’s portrait, the $100,000 note was actually a gold certificate that was never circulated or issued for public use. Woodrow Wilson was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the 34th governor of New Jersey before winning the 1912 presidential election.
No more than 42,00 such bills were printed in the United States. It should be noted that, unlike other denominations that have been discontinued, this is not a collector’s item. Holding a $100,000 bill is illegal. Individuals cannot keep it for any reason. You can still see them at places such as the Museum of American Finance, which is kept for educational purposes. If you want to see some other rare notes, you can visit the FRS and the Smithsonian Museum.
Printing a bill and its discontinuation is never a small decision. These decisions are taken after considering the economy and its needs. In a way, they tell us a lot about the path we have traveled to reach where we are. Except for the $100,000 bill, which was not supposed to be held by the general public, you can still use any discontinued denominations. While most discontinued bills have become collector’s items, you can still randomly see them crop up in transactions.
If you like bills and coins, you should learn more about Gold and Silver IRAs. You can protect your retirement fund if you invest in precious metals. Investors with gold IRAs can hold physical metals such as bullion or coins. Get a free pdf about Gold IRA.
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