In 1969, the United States stopped issuing all banknotes with a denomination of more than $500.
A $10,000 bill issued by the Federal Reserve in 1934 was sold at auction in the United States.
< p>Heritage Auctions writes about this.
It significantly exceeded its value as it was sold for $480,000. The banknote was purchased by a private collector.
The company said that the rare bill with the image of Treasury Secretary Selmon P. Chase is one of the highest quality copies still in existence. The auctioned note was never circulated and was given a rating of exceptional paper quality.
In 1969, the United States stopped issuing all banknotes over $500 due to low usage. $10,000 bills were used only to transfer money between Federal Reserve banks.
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