Whatever Happened to the Thousand Dollar Bill?

Rarely Seen $1,000 Bill

Rarely seen by ordinary people, both the $500 and $1,000 bills are genuine U.S. legal tender. These bills, however, were last printed by the US mint in 1945. In 1969 the government completely halted the distribution of these large denomination bills.

Today large transactions are almost exclusively done electronically, with no need to ever exchange cash in large amounts. Collectors might be interested to know that it is possible to purchase $500 notes, which bare the likeness of President William McKinley. Notes printed in 1928 can sell for about $2,300, while notes from 1934 cost about $1,000.

Featuring the face of President Grover Cleveland in profile, $1,000 notes printed in 1928 can be acquired for about $3,500 to $4,000. Notes printed in 1934 are valued today at about $2,250 to $3,000.

About James Cannon

James Cannon is an experienced hedge fund analyst. He has served on the advisory boards for various different Fortune 500 companies as well as serving as an adjunct professor of finance. James Cannon has written for a variety of Financial Magazines both on and off line. Contact James at james[at]businessdistrict.com