Is There A 1000 Dollar Bill
Is There A 1000 Dollar Bill
Is there a 1000 dollar bill? Almost 500 people ask Google that very same question every month. I can't help wondering why they want to know.
Did they find one on the ground and they want to know if it is real? Are they looking for a unique graduation gift for their favorite niece? Do they have limited room in their mattress and they need to condense their fortune into larger bills?
No matter what reason you have for wanting to know, I have an answer for you. Join me in finding out some fun facts about the 1000 dollar bill.
Yes, There Is A 1000 Dollar Bill
It is true. They haven't been printed since 1945, but they do exist. Oddly enough, all the 1000 dollar bills printed from 1934 to 1945 are dated 1934. Probably they didn't want to make new plates.
By executive order, banks stopped issuing 1000 dollar bills in 1969. This was because of concerns about counterfeiting and organized crime.
Obviously, the average household didn't have a lot of 1000 dollar bills laying around anyway, so this wasn't really an inconvenience to people. Most 1000 dollar bills that change hands these days are from one collector to another.
If 1000 dollar bills are received at a bank, they are sent to the Federal Reserve to remove them from circulation and destroy them as they are received. It is very unlikely that a 1000 dollar bill would be spent since it is a highly valuable collector's item.
A Guide Book of United States Paper Money - Official Red Books
This book contains the history of paper money in the US, as well as information on values of collectible currency.
General Facts About The 1000 Dollar Bill
Interesting tidbits
The 1000 dollar Federal Reserve Note was printed in 1928, 1934, 1934A, 1934B, and 1934C. A Gold Certificate was also printed in 1928 and 1934.
The 1928 Gold Certificate bears the phrase, "Redeemable in Gold on Demand at the United States Treasury, or in Gold or Lawful Money at any Federal Reserve Bank".
All of these 1000 bills are very rare and there are not many left in circulation. A serious collector can expect to pay a lot of money for one, based on the condition of the bill.
Who Is On The 1000 Dollar Bill?
The lucky president is...
All 1000 dollar bills printed after 1928 have a portrait of Grover Cleveland on the obverse (front). You may be asking yourself, "Who in the *bleep* is Grover Cleveland?" If so, the answer is that we was the 22nd and 24th President of the United States.
If you are like me, you now want to know who the 23rd President was. The answer is Benjamin Harrison, but that really doesn't have anything to do with the 1000 bill.
Grover Cleveland was a Republican and he was President the first time from 1885-1889. He lost the next election to Benjamin Harrison, but was re-elected four years later. He is the only President to serve non-consecutive terms. Kinda cool.
Some other interesting facts about Grover Cleveland were that he backed the gold standard, was against women's suffrage, and he paid a Polish immigrant $150 to take his place in the Civil War (this was legal).
The 1918 1000 Dollar Bill
The 1918 1000 dollar bill featured the portrait of Alexander Hamilton. Hamilton was the first US Secretary of Treasury. Alexander Hamilton is also the familiar face on the current 10 dollar bill.
Only four non presidents have ever been featured on paper money: Alexander Hamilton, Benjamin Franklin ($100), Salmon Chase($10,000), and Chief Justice John Marshall ($500).
Standard Catalog of United States Paper Money - 30th Edition Catalog
This book promises to be a complete resource for all large and small notes, silver and gold certificates, and state issued national bank notes.
1000 Dollar Bill Auctions on eBay
I hope this answers your question, "Is there a 1000 dollar bill?" Here they are!
Happy Bidding :)
Sources
Most of the facts in this article were gleaned from the following articles:
If you could choose someone to go on the 1000 Dollar Bill, who would it be? Pick anyone and tell me :)
