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No real bill exists. It is not an official United States currency note
manufactured by the Bureau of Engraving and Printing (BEP) and it is not
redeemable by the Department of the Treasury. In the spring of 1982, the BEP learned
that several companies were selling phony million
dollar certificates. The Secret Service
subsequently advised that these novelty certificates did not violate any United States
law. After 20 years of inflation, some companies are now selling billion dollar
bills.
The largest denomination ever printed was $100,000.
The portrait of President Woodrow Wilson was featured on the $100,000 Series 1934 Gold
Certificate. It was
printed for only 2 months. The notes were used for official transactions
between Federal Reserve Banks and were not circulated among the general public.
During World War II, the Bureau of Engraving and Printing stopped production
of denominations of $500, $1,000, $5,000 and $10,000. Their main purpose was for
bank transfer payments. With the arrival of more secure electronic transfer technologies,
they were no longer needed. The Federal Reserve Board stopped distributing those
denominations in 1969.
The present denominations of U.S. currency in production are $1, $2, $5, $10,
$20, $50 and $100.
U.S. Treasury, http://www.ustreas.gov
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