United States one-thousand-dollar bill

The United States 1000 dollar bill (US$1000) is an obsolete denomination of United States currency. The bill was recalled in 1969 but it is still legal tender.

1934 US$1000 bill

History

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The United States one-thousand-dollar bill was printed from 1861 to 1945. The Bureau of Engraving and Printing continued to issue the notes until 1969. The notes did not see much circulation among the public because they were printed to facilitate transactions between banks. On July 14, 1969, the United States Department of the Treasury announced that all notes in denominations greater that US$100 would be discontinued.[1] Since 1969 banks are required to send any $1000 bill to the Department of the Treasury for destruction.[2]

From 1862 to 1880 the US Treasury Department issued $1,000 Legal Tender notes, with three different designs. The portrait of Robert Morris appeared on the first 1000 dollar bill. Mayor of New York DeWitt Clinton appeared on two other versions. In 1878 and 1880 the Treasury produced the $1,000 bill as a silver certificate. Other subsequent versions were produced in 1878, 1880 and 1891. In 1913, a large-size version of the bill was issued as a Federal Reserve Note. In 1882, the note was issued as a gold certificate. In 1928 the treasury began to issued small-size bills and the $1,000 denomination featured US President Grover Cleveland. The small-size was issued in 1928 and 1934.[3]

Examples of $1000 bills are valued by collectors and they regularly sell for more that their face value.[3]

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References

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  1. ^ "Bureau of Engraving And Printing". www.bep.gov. The Bureau of Engraving & Printing. Archived from the original on 2023-05-16. Retrieved 2024-09-12.
  2. ^ "Chapter 5. Federal Reserve Notes". Board of Governors of the Federal Reserve System. Federal Reserve. Archived from the original on 14 September 2024. Retrieved 12 September 2024.
  3. ^ a b "History of the 1000 Dollar Bill - APMEX". learn.apmex.com. APMEX LLC. 9 August 2023. Retrieved 14 September 2024.