Individuals lucky enough to come across a $1,000 bill need to hang on to this money, as circulation of these bills has been halted in an effort to fight against organized crime. The United States Department of the Treasury ceased printing these bills, and any bill larger than $100, in 1945. As a result, only those bills created during the 1934 series remain in existence. Although President Richard Nixon did remove the bills from circulation, they are still considered legal tender and may be used as money. Many want to know who is on the 1000 dollar bill?
The first thing one needs to remember when asking who is on the 1000 dollar bill is the Secretary of the Treasury determines which designs appear on United States currency, unless an Act of …show more content…
In fact, a $1,000 bill with a likeness of this president was sold at auction for more than $2.2 million dollars and this particular note is referred to as the Grand Watermelon. It features a red seal on the paper face and is one of only two existing that were printed back in 1890. It features a green stripe of zeroes on the $1,000 featured on the reverse side of the note. With these stripes, it appears as if a watermelon was printed on the back, hence its name.
Current denominations of money that are in circulation are the $1, $2, $5, $10, $20, $50 and $100 bills. George Washington appears on the $1 bill, and the likeness of Thomas Jefferson is seen on the $2 bill. Abraham Lincoln decorates the $5 bills, while Alexander Hamilton is clearly seen on the $10. The $20 bill presents a likeness of Andrew Jackson, while Ulysses S. Grant is found on the $50. Benjamin Franklin is the figure seen on today's $100 bill. There are no plans at this time to change these denominations.
Many denominations are no longer in circulation, including the 1000 dollar bill. William McKinley was formerly seen on the $500 bill and a portrait of James Madison graced the $5,000 bill. Salmon P. Chase was on the $10,000 bill when it was in circulation, while Woodrow Wilson graced the $100,000
The first thing one needs to remember when asking who is on the 1000 dollar bill is the Secretary of the Treasury determines which designs appear on United States currency, unless an Act of …show more content…
In fact, a $1,000 bill with a likeness of this president was sold at auction for more than $2.2 million dollars and this particular note is referred to as the Grand Watermelon. It features a red seal on the paper face and is one of only two existing that were printed back in 1890. It features a green stripe of zeroes on the $1,000 featured on the reverse side of the note. With these stripes, it appears as if a watermelon was printed on the back, hence its name.
Current denominations of money that are in circulation are the $1, $2, $5, $10, $20, $50 and $100 bills. George Washington appears on the $1 bill, and the likeness of Thomas Jefferson is seen on the $2 bill. Abraham Lincoln decorates the $5 bills, while Alexander Hamilton is clearly seen on the $10. The $20 bill presents a likeness of Andrew Jackson, while Ulysses S. Grant is found on the $50. Benjamin Franklin is the figure seen on today's $100 bill. There are no plans at this time to change these denominations.
Many denominations are no longer in circulation, including the 1000 dollar bill. William McKinley was formerly seen on the $500 bill and a portrait of James Madison graced the $5,000 bill. Salmon P. Chase was on the $10,000 bill when it was in circulation, while Woodrow Wilson graced the $100,000