What is the highest denomination of money in bill form?

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   moneyfairyposted 6 years ago

   Is there for example a $500 bill? or a $1000 bill?or is $100 the highest? I remember one of my senior clients telling me that there used to be a $500 bill so I was just wondering if there are any more in circulation or are they all obsolete? Also is the $2 bill still out there or has that stopped too? just curious as I haven't seen them in a long while.

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      Marcy Goodfleischposted 6 years agoin reply to this

      This would have been a good post for the Q&A section.  Yes, there used to be $500 and even $1000 bills, but they were taken out of circulation many years ago.  I've seen &2 bills in recent years, but they're not real common.
      
      I have a vague memory of, as a little school kid, being taken on a tour of the state capitol building where we lived, and someone showing the class a framed bill of a huge denomination. It was the biggest denomination you could get, and the person explained they'd paid that much money for it. My memory has always been that it was $1,000,000 - since I was a very little kid, who knows?  Might have been anything under that ($100,000? $10,000?), but it was more than $1,000.

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         moneyfairyposted 6 years agoin reply to this

         Thank you Marcy any denomination over $100 is incredible Wow!!!

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         moneyfairyposted 6 years agoin reply to this

         Marcy I did just ask a question in the Q&A section about who would accept such large bills and for what purchase. Thanks for the idea of putting it into Q&A format!!!

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      Sapperposted 6 years agoin reply to this

      The highest in use is the $100 bill. However, there are $500, $1,000, $10,000, and $100,000 that were printed and used at some point in time. The highest used for circulation was the $10,000, the $100,000 was only used by the federal reserve banks.
      
      http://en.wikipedia.org/wiki/Large_deno … s_currency

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         Marcy Goodfleischposted 6 years agoin reply to this

         Thanks, Sapper - I think you have more accurate data than I do. We probably saw the $100.000 bill, and It may have been related to the state treasury or something. As I recall, it was larger than regular currency.

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         moneyfairyposted 6 years agoin reply to this

         Thank you Sapper,
         I wonder if it was the Rockefellars and such that carried such huge bills. I think I remember hearing something about the people in the Railroad business having such large bills like Carnegie, I think that's right. Thanks for the info. very interesting.

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         moneyfairyposted 6 years agoin reply to this

         Sapper after reading the Wikepedia link that you shared all those large bills seem to have been for government only rather than public circulation. Very intersting stuff. Thanks!

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            Sapperposted 6 years agoin reply to this

            Your right, except the $10,000. I had thought the $500 was too, but I guess not.

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