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Large-sized Series of 1880 United States Notes; the $20 note displays Alexander Hamilton and a red scalloped Treasury seal, and the $10 note displays Daniel Webster and a large red spiked Treasury seal. A United States Note, also known as a Legal Tender Note, is a type of paper money that was issued from 1862 to 1971 in the United States.
Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100 .
The Legal Tender Cases primarily involved the constitutionality of the Legal Tender Act of 1862, 12 Stat. 345, enacted during the American Civil War. [1] The paper money depreciated in terms of gold and became the subject of controversy, particularly because debts contracted earlier could be paid in this cheaper currency.
They’re still legitimate legal tender but are in limited circulation, except for the $100,000 bill, which was only ever used in fiscal channels.
The Biggest Bills: $5,000, $10,000 and $100,000. You’re not likely to find the $100,000 bill out there, as it was used only for transactions between Federal Reserve Banks and was never put into ...
The United States one hundred-thousand-dollar bill ( US$100,000) is a former denomination of United States currency, issued for two years from 1934 to 1935 as designated for Federal Reserve use.
Legal tender. Detail of the obverse of a Series 1950 United States ten-dollar bill, showing the phrase "This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury, or at any Federal Reserve Bank ." This phrase was subsequently shortened in later issues to "This note is legal ...
Made with similar silver content to its counterparts minted in Mexico and Peru, the Spanish, U.S. and Mexican silver dollars all circulated side by side in the United States, and the Spanish dollar and Mexican peso remained legal tender until the Coinage Act of 1857 .