One of the amazing prizes up for grabs in the PlayHugeLottos.com ‘American Dream’ competition is a very handy $10,000.00! It might interest some of you to know that a $10,000.00 bill actually exists. Let’s take a closer look at these incredibly expensive pieces of paper.
Most people will be familiar with the current US Dollar bills in circulation - $1, $2, $5, $10, $20, $50, and $100 bills. What you may not know is that much larger denominations of bills actually exist.
These are: the $500 bill, the $1,000 bill, the $5,000 bill and the $10,000 bill!
A $100,000.00 bill has also existed at one time but was not in general circulation, being used only for internal transaction of the government.
History Of A Very Large Bank Note
The $10,000 bill is the largest denomination of US currency to have been in public circulation. It was printed in 2 series, a 1928 series and a 1934 series. In 1969 the Federal Reserve System of the USA officially discontinued use of this high denomination bill.
Over the years the Federal Reserve has been slowly taking these notes out of circulation. Of the original total of 60,000 that were printed there are currently only 336 $10,000 bills left in existence.
A Collectors Dream
As you can imagine, due to the incredible rarity of these fantastically high value Dollar bills collectors will pay well over the face value of the bills to own them. A $10,000 bill was recently auctioned off on E-Bay for the massive amount of $160,000.00!
The most famous collection of $10,000 bills was owned by Benny Binion who displayed 100 framed $10,000 bills in his Las Vegas casino, Binion’s Horseshoe. Owing to insurance costs the million Dollar display was eventually sold off and replaced by a million Dollars comprised of smaller, less valuable notes.
The classic display of $10,000 bills at Binion's Horseshoe Casino in Vegas...
The new incarnation of 'Binions Millions' minus the $10,000 bills...
Whose Face Is It Anyway?
The various denominations of Dollar bills are usually reserved for American presidents. No so the $10,000 bill. The distinguished gentleman who graces this bit of currency is Salmon P. Chase. His name is the only fishy thing about him though.
Over the course of his lifetime he served as the Senator and then the Governor of Ohio. He later served as Secretary of the U.S. Treasury under Abraham Lincoln, before becoming Chief Justice of the United States.
During his time as Secretary of the U.S. Treasury he created the Internal Revenue Service and administered U.S.A’s very first income tax.
Lucky Numbers From This News Item
If you are looking for some inspiration for this week’s American lottery draws: the Powerball or Mega Millions, then look no further than the below numbers:
1 – 3 – 6 – 10 – 23 – 36
1 (Salmon P. Chase administered the first income tax on the American nation)
3 and 36 (together make ‘336’ the number of $10,000 currently in existence)
6 (Salmon P. Chase was the 6th Chief Justice of America)
10 (from the $10,000 bill)
23 (Salmon P. Chase was the 23rd Governor of Ohio)
Don’t forget to make your choice for the PlayHugeLottos.com ‘American Dream’ competition before entries close on the 30th October!
Make YOUR dreams come true.
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