Spend No $10K Bills

Tenthousand

A U.S. bill with a face-value of $10,000 has been moved to a more secure location for safekeeping and historical archiving:

"The $10,000 bill bears the likeness of Salmon P. Chase, for whom the bank was named. Chase was a U.S. senator who served as treasury secretary under President Lincoln.

"The large bill was discovered in a bank customer’s safety deposit box after the owner died 20 years ago. The woman’s family exchanged the currency at face value, and the bank stored the bill in a plastic sleeve for protection.

"But bank officials decided the bills would be safer at the JP Morgan Chase & Co. corporate office in New York. The bank sent the bills there last month by armored truck.

"The government stopped printing bills larger than $100 in 1945 and hasn’t issued any since 1969. The Green Bay bills were printed in 1934."

GET THE STORY.

Author: Jimmy Akin

Jimmy was born in Texas, grew up nominally Protestant, but at age 20 experienced a profound conversion to Christ. Planning on becoming a Protestant seminary professor, he started an intensive study of the Bible. But the more he immersed himself in Scripture the more he found to support the Catholic faith, and in 1992 he entered the Catholic Church. His conversion story, "A Triumph and a Tragedy," is published in Surprised by Truth. Besides being an author, Jimmy is the Senior Apologist at Catholic Answers, a contributing editor to Catholic Answers Magazine, and a weekly guest on "Catholic Answers Live."

7 thoughts on “Spend No $10K Bills”

  1. You mean those million dollar notes I bought at a souvenir shop in San Francisco in January are fakes? And it was such a good shot of Hillary Clinton too.

  2. Just a nit, it’s a “safe deposit” box, which is a box deposited in a safe, not a box with air bags for safety. 🙂
    Anyone have change for a $10,000?
    I never knew there were bills that large. Does anyone know, was this so banks can hold large accounts? Were these large bills eliminated becuase of electronic banking?

  3. My understanding is that most of the large bills were mostly used for exchanges between federal reserve banks etc. Of course, electronic transfer has made them obsolete.

Comments are closed.