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Pennylicious » Blog Archive » Largest Denomination US Banknote: the $10,000 Bill.
   
     
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Largest Denomination US Banknote: the $10,000 Bill.

Yes - that’s a real $10,000 banknote - the largest denomination Federal Reserve Notes ever printed. They were printed up to 1945 and were issued until 1969. They are still legal tender today, however, these notes are mostly in the hands of private collectors.

Who’s the guy on the banknote? It’s Salmon P. Chase - who was the US Treasury Secretary under President Abraham Lincoln, and later became the 6th Chief Justice of Supreme Court . He was also one of three people featured on the dollar bill who weren’t a president (the other two were Hamilton for $10 bill and Ben Franklin for $100 bill).

Interestingly, Chase’s portrait also appeared on the first $1 bill issued in 1862, when the Civil War brought on a monetary crisis. Later, as Chief Justice, Chase declared his own banknote to be unconstitutional!

Why was the $10,000 note recalled? President Nixon issued an executive order to stop the circulation of high-denomination bills in 1969 in order to combat organized crime.

Link (Don’t miss the $100,000 Gold Certificate, which cannot be legally held by regular people) | Large denominations of US currency [wiki]

Posted on Tuesday, September 5th, 2006 at 5:08 am
Category: Money & Currency. Feed: RSS 2.0

12 Comments to “Largest Denomination US Banknote: the $10,000 Bill.”

  1. CopyCat Says:

    “Yes - that’s a real $10,000 banknote” begins the article. If that is so, why does it say “copy” on the note in the lower left corner?

  2. Alex Says:

    Probably marked so no one “prints” one out on the computer! I guess I should say “Yes, $10,000 banknotes are real, and this is what they look like” instead.

  3. …The $10,000 bill is real legal tender? at Didn’t You Hear… Says:

    [...] [Via: Pennylicious] [...]

  4. Lukas Says:

    I believe that there were also other bills in higher amounts as well, but that those bills were only used for government transactions. Suck as the 100, 000 dollar bill that has President Wilson on it

  5. 100 Grand Says:

    There was a $100,000 gold note, as well. See http://www.bep.treas.gov/document.cfm/5/42/1359.

    It was from 1934 and had the portrait of Woodrow Wilson.

  6. NOHELIA DOTTIN Says:

    WHY 3PEOPLE THAT WERE NOT PRESIDENTS WERE PRINTED ON LEGAL TENDER BILLS? DID THE PRESIDENTS AT THAT TIMES FELT THAT THESE 3 INDIVIDUAL HAD MORE INPACT IN OUR NATION THEN THE ACTUAL PRESIDENTS?

  7. Jen Says:

    There are higher bills printed. See cover story on http://www.yahoo.com today (11/28/07) … $100,000 bill printed in 1934-1935, for government transactions only with President Wilson on it. (also what 4. Lukas above this comment)

  8. jackie Says:

    Are the 10,000.00 dollar bills display still at binions in las vegas

  9. Michael Says:

    [Q/] I believe that there were also other bills in higher amounts as well, but that those bills were only used for government transactions. Suck as the 100, 000 dollar bill that has President Wilson on it [Q/]

    You stupid ass! It says that in the Article! You’re an idiot…

  10. GaryP. Says:

    It’s true, they did exist I’ve had two back in the sixtys. Everybody I showed it to thought it was fake. I held them for a while,but cashed them in
    .

  11. Marceau Says:

    The largest bank note that is commonly used in business transactions is the 10,000 Sing$ Note from Singapore. That is to say, the largest bank note that has value.

  12. Paul Says:

    I bought and sold $500.00, #1,000.00 & $10,000.00 bills
    in the early 1970’s.That’s a fact.

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