Do you have change for a thousand?

Mr N8

Diamond Member
Dec 3, 2001
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Yes, there is a such thing as a $1000 bill. There is also a $500 bill. They were mostly used for payments between financial institutions or large businesses. That bill is easily worth $3000 in today's collector market.
 

Josh

Lifer
Mar 20, 2000
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Originally posted by: judge
there is no such thing as $1000 bill

The largest denomination ever printed was $100,000. The portrait of President Woodrow Wilson was featured on the $100,000 Series 1934 Gold Certificate. It was printed for only 2 months. The notes were used for official transactions between Federal Reserve Banks and were not circulated among the general public. During World War II, the Bureau of Engraving and Printing stopped production of denominations of $500, $1,000, $5,000 and $10,000. Their main purpose was for bank transfer payments. With the arrival of more secure electronic transfer technologies, they were no longer needed. The Federal Reserve Board stopped distributing those denominations in 1969. The present denominations of U.S. currency in production are $1, $2, $5, $10, $20, $50 and $100.
 

Zim Hosein

Super Moderator | Elite Member
Super Moderator
Nov 27, 1999
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Currency notes of denominations above $100 are not available from the Department of the Treasury, the Federal Reserve System, or the Bureau of Engraving and Printing. On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

These notes are legal tender and may be found in circulation today; however, most notes still in circulation are probably in the hands of private numismatic dealers and collectors. If you are interested in purchasing these larger denominations, it is suggested that you contact private dealers or collectors who are usually listed in the classified section of the telephone directory under the headings of ?Coins? and ?Hobbies.?
:)
 

Brutuskend

Lifer
Apr 2, 2001
26,558
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I had a 1934 $20.00, but I gave it to my daughter as part of a B/D gift.

I was QUITE shocked when I got THAT at the bank one day! :)
 

jagec

Lifer
Apr 30, 2004
24,442
6
81
Friend of mine was telling me he was in line at the local Big 5 when the guy in front of him tried to buy something with a $1000 bill. Obviously they didn't have change.

Probably trying to launder a counterfeit bill, but what kind of moron fakes a thousand dollar bill? Best to stick with 20's...
 

Brutuskend

Lifer
Apr 2, 2001
26,558
4
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Originally posted by: BingBongWongFooey
Originally posted by: yankeesfan
is it still legal tender?

I was going to ask the same; my assumption is yes.

Yup, money is money. It never goes "out of style" ;)

However you can't take a Gold Certificate of a Silver Certificate in and get gold or silver for it!
 

imported_judge

Senior member
Jun 30, 2004
325
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Originally posted by: booger711
Originally posted by: judge
i stand corrected but i was right in away that it was not made for public use

there is no such thing as $1000 bill

that is what you said. you are totally WRONG. none of this 'public use' bs

okay, i stand totally correct i was totally wrong on assuming there was no such thing as $1000 bil
 

mugs

Lifer
Apr 29, 2003
48,920
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Originally posted by: yankeesfan
is it still legal tender?

You'd be an idiot to spend it, as it's worth way more than $1000. And legal tender doesn't mean they have to accept it, so don't expect to be able to buy a cup of coffee with it. :)
 

jagec

Lifer
Apr 30, 2004
24,442
6
81
Originally posted by: mugs
Originally posted by: yankeesfan
is it still legal tender?

You'd be an idiot to spend it, as it's worth way more than $1000. And legal tender doesn't mean they have to accept it, so don't expect to be able to buy a cup of coffee with it. :)

you kidding, if someone gave me a $1000 bill for a cup of coffee you bet I'd accept it...
 

booger711

Platinum Member
Jun 15, 2004
2,736
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Originally posted by: jagec
Originally posted by: mugs
Originally posted by: yankeesfan
is it still legal tender?

You'd be an idiot to spend it, as it's worth way more than $1000. And legal tender doesn't mean they have to accept it, so don't expect to be able to buy a cup of coffee with it. :)

you kidding, if someone gave me a $1000 bill for a cup of coffee you bet I'd accept it...

and run away with the bill before giving change
 

kranky

Elite Member
Oct 9, 1999
21,019
156
106
These turn up at banks from time to time, usually when an elderly person who has held on to it for years cashes one in. Most bank tellers know to exchange it for their own money and sell it to a collector for a quick $700-$1000 profit (or more, depending on condition).

I think the one in the auction will sell for about $1800-$2000.
 

sniperruff

Lifer
Apr 17, 2002
11,644
2
0
Originally posted by: jagec
Originally posted by: mugs
Originally posted by: yankeesfan
is it still legal tender?

You'd be an idiot to spend it, as it's worth way more than $1000. And legal tender doesn't mean they have to accept it, so don't expect to be able to buy a cup of coffee with it. :)

you kidding, if someone gave me a $1000 bill for a cup of coffee you bet I'd accept it...

i wouldn't. i won't know how one looks like without looking at the computer...