Like its smaller cousin, the $500 bill, the $1,000 bill was discontinued in 1969.4 And like the $500 bill, the $1,000 bill would seem to have a lot more use now than it did then. Why? Inflation, of course. The Consumer Price Index (CPI) was at an estimated 36.8 back in 1969.
The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.
Can You Get a 500 Dollar Bill from the Bank? Since the bill stopped rolling off the BEP's presses in 1945 and got yanked from circulation 50 years ago, your bank's ATM won't be spitting out any $500 bills these days, nor will your neighborhood teller give you this rare paper currency.
The U.S. Treasury no longer prints $1,000 bills, but you can still get hold of one. Most high-denomination bills like the $1000 bills are purely collectibles now. You can find a bank still holding a $1,000 dollar bill in its vault. You can find an individual who has one to sell.
How Rare Is a $1,000 Bill? It is extremely rare to find a $1,000 bill. Large bills, including the $1,000 bill, were last printed in 1945 and were officially canceled by the U.S. Treasury Department and the Federal Reserve in 1969.
One of the most expensive bills is a 1891 $1,000 Silver Certificate “Mercy” Note, which is sometimes consider the “unicorn” of United States paper money, and it is estimated to draw $1.75 million to $2.25 million because there are only two of them left in the world.
Philippines: 100,000 Pesos
The 100,000 peso note is the world's largest single banknote.
Obverse Image: Portrait of Woodrow Wilson. Reverse Image: Decorative border in orange ink. Rays radiating from the center. The $100,000 bill is the highest denomination ever issued by the U.S. Federal Government.
There are more $100 bills in circulation than $1 bills, and it makes no cents - The Washington Post.
That being said, should you come into possession of a $500 bill, you'd find that its market value far exceeds its face value, with even worn specimens commanding upward of a 40% premium on the open market. Although no longer in circulation, the $500 bill remains legal tender.
The United States has never issued a million dollar bill. However, many businesses print million dollar bills for sale as novelties. Such bills do not assert that they are legal tender. The Secret Service has declared them legal to print or own and does not consider them counterfeit.
Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.
The Federal government only printed 60,000 bills over both years of production. From this meager initial supply, only the 336 bills we highlighted earlier are known to exist. While there may have been more issues of the $10,000, only the 1918, 1928, and 1934 series have information available in the public domain.
Just as this $10,000 bill, produced in 1918, is rare, the likeness on the front might be unfamiliar. It shows Salmon P. Chase, who served as President Lincoln's Secretary of the Treasury from 1861 to 1864.
1934 $5000 Federal Reserve Note
They are the most common out of all of the $5000 dollar bill series but they are still extremely rare. Over 51,000 notes were printed but very few remain. There are around 100 in existence that have never been redeemed.
Read more here. Keep in mind that the U.S. has never produced a $200 bill. Also - living presidents are never depicted on currency.
The $10,000 bill featuring the portrait of President Lincoln's Secretary of the Treasury, Salmon P. Chase, was the highest denomination US currency ever to publicly circulate.
$5,000: James Madison, fourth president, helped write Federalist Papers. $10,000: Salmon P. Chase, not a president, Lincoln's Secretary of the Treasury. $100,000: Woodrow Wilson, 28th president, served during WWI.
According to the USCA website, any $2 bill with a red seal printed between 1862 and and 1896 is worth big bucks. The top payout is $4,500, and that's if the bill was printed in 1890 and uncirculated. Other $2 bills with the red seal range in worth from $300 to $2,500.
If the $2 bill was minted and printed before 1976, it will likely be worth more than its face value on the collectibles market. In some cases, it might be worth only $2.25. The highest value is $4,500 or more for uncirculated notes from 1890, although most of those bills range in value from $550 to $2,500.
1976 $2 Bill, Mismatched Serial Numbers
But a rare error during the production of one 1976 $2 bill saw it end up with two different serial numbers on its obverse. On the left of Jefferson's portrait, the note bore the number B59208497A. But the number to the right of Jefferson had one different digit.
The 1890 Grand Watermelon Banknote. This American 1,000 banknote is the most valuable banknote and coveted piece of antique currency in the world, having been sold at an Orlando auction for $3.29 million dollars.
The Romania 10 bani note is the smallest banknote ever issued. It measured 27.5 mm by 38 mm. That's about one tenth the size of a US$1 banknote.
Iranian Rial (IRR)
Presently, 1 Indian Rupee equals 515.22 IRR, making the Iranian Rial the world's least valuable currency. This depreciation can be attributed to factors such as political unrest in the country, the Iran-Iraq war, and the nuclear programme.