What is the largest denomination of this currency to be ever circulated?
Options:
$1,000
$5,000
$10,000
$2,000
Answer- $10,000
The $10,000 bill, depicting President Lincoln’s Secretary of the Treasury, Salmon P. Chase, was the highest denomination of US currency ever issued publicly. The $10,000 bill was never used. The lack of use is understandable given that it’s value outstripped the average American’s net worth for the majority of the time the bill was available.
The bill was first printed in 1918 and was part of the 1969 currency purge in the USA. Only eight 1928 series of $10,000 Federal Reserve notes are known to exist today, two of which are housed in museums.
The United States government printed 60,000 bills of the 1928 and 1934 Federal Reserve notes. Only eight 1928 series of $10,000 Federal Reserve notes are known to exist today, two of which are housed in museums.
While there are approximately 328 known 1934 series $10,000 Federal Reserve notes in existence today, the majority of them were once part of the Binion Hoard. Ted Binion’s collection of coins and currency is referred to as the Binion Hoard. This individual was a wealthy casino owner who enjoyed collecting and displaying his dollar coins and paper currency.
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