||Ask Dr. Don
Dear Dr. Don,
After the $100 bill, what are the next two higher denominations?
Thanks for your help,
The U.S. Treasury Web site states that the $100 bill has been
the largest denomination of currency in circulation since 1969.
That means that currency in denominations above $100
is 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
$1,000, $5,000, and $10,000 would be discontinued immediately
due to lack of use.
Although these bills were issued until 1969, they
were last printed in 1945. After 1969, these higher denomination
notes were retired when turned in to the Federal Reserve.
The higher denomination notes are still legal tender
and could theoretically be in general circulation, but by now most
have found their way into the hands of private numismatic dealers
If you are interested in purchasing these larger
denominations, you should get a basic understanding of the market
for these notes from collectors or dealers before buying.
-- Posted: Dec. 30, 2002