Just as this $10,000 bill, produced in 1918, is rare, the likeness on the front might be unfamiliar. It shows Salmon P. Chase, who served as President Lincoln's Secretary of the Treasury from 1861 to 1864. The back of the bill shows the embarkation of the Pilgrims as they sailed for freedom in North America.
It is also the likeness that was used on the first one dollar bill printed in 1862 and the $10,000 bill in 1918. In 1861, Salmon P. Chase resigned from the Senate to become President Abraham Lincoln's Treasury Secretary. In his new position, Chase was faced with the formidable challenge of financing the Civil War.
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.
Research estimates there could currently be less than 350 $10,000 notes in circulation. Most importantly, it is estimated that only eight of the 1928 Series bills are said to exist. Of these eight notes, two are in museums, and because of this rarity, their value I considerably high.
Who's who on the $10 banknote. Andrew Barton (Banjo) Paterson, a poet and ballad writer, was born in rural New South Wales.
Portrait and Vignette
The $20 note features a portrait of President Jackson on the front of the note and a vignette of the White House on the back of the note.
It's a note many have in their pocket, but most people have no idea about the rich history of the $20 note. The man staring back at you is Reverend John Flynn.
Since $10,000 notes were last issued back in 1934, they are extremely rare. You are not likely to ever see one in circulation, and they currently remain soundly in the possession of collectors.
American paper currency comes in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation.
As of May 30, 2009, only 336 $10,000 bills were known to exist, along with 342 remaining $5,000 bills and 165,372 remaining $1,000 bills. Due to their rarity, collectors pay considerably more than the face value of the bills to acquire them, and some are in museums in other parts of the world.
The $100,000 bill is the highest denomination ever issued by the U.S. Federal Government. Printed in 1934, it was not intended for general use, but instead was used as an accounting device between branches of the Federal Reserve. It is illegal for a private individual to own this banknote.
Most $2 bills in circulation are worth exactly that: $2. And even though you don't see a lot of $2 bills in everyday life, they are still being printed.
Neuman and read: "This is not legal tender—nor will a tenderizer help it." Mad writer Frank Jacobs said that the magazine ran afoul of the US Secret Service because the $3 bill was accepted by change machines at casinos. The United States has never issued a million dollar bill.
The United States has never issued a million dollar bill.
However, many businesses print million dollar bills for sale as novelties. Such bills do not assert that they are legal tender. The Secret Service has declared them legal to print or own and does not consider them counterfeit.
In addition, older versions of the bill are consistently listed at higher prices. Bills issued with a brown or red seal during the 1800s are the most valuable at the moment, with some fetching prices as high as $4,500.
One of the most valuable dollar bill variations in the world, called a “ladder” in collector's parlance, could be worth about $6,000, according to the Penny Hoarder website: “When the serial number ascends (e.g. 12345678) or descends (e.g. 8765431) in order, collectors call it a ladder.
Called "ladder bills," the most sought-after examples are bills that feature the so-called "perfect" ladder serial numbers: 12345678 and 87654321. Unsurprisingly, these notes are exceedingly scarce and represent only one-in-96-million bills printed, meaning they can sell for big bucks.
In 1904, $4 bills ceased being issued, but they continued to circulate for several years after that; however, by 1947, according to a Globe and Mail article, they would rarely show up in circulation anymore. Today, the bills are a collector's item.
The $100 bill is the largest denomination that has been printed and circulated since July 13, 1969, when the larger denominations of $500, $1,000, $5,000, and $10,000 were retired. As of December 2018, the average life of a $100 bill in circulation is 22.9 years before it is replaced due to wear.
Meet the new $100 bill, the world's most popular bank note.
Is there a $500 note in Australia? NO! Did you know, according to the Reserve Bank of Australia (RBA), there are 300 million $100 notes that are in circulation, almost three times the number of $5 notes. Less than 10 per cent of $100 banknotes ever issued have returned to the RBA as unfit banknotes.
The rarest Australian dollar note can sell for up to $7,500. Although Australians use one dollar coins today, 1 dollar notes are still incredibly popular with collectors decades after they were replaced.
Australian $20 notes were issued from 1966 up until they were replaced in 1994. Some notes can be particularly valuable with the right serial numbers or if in mint condition, prices for a single twenty dollar note can reach up to $19,500 for the rarest note in perfect quality.
Three-dimensional image of a book from the $50 banknote. The $50 banknote features portraits of two social and political pioneers, David Unaipon and Edith Cowan.