$5,000 bill

[vintagegamecrazy]

Holy crap I never thought I'd ever see or hear of one of these, I knew they existed as well as the legendary $10,000 but I never knew any one or even rumors of any one who had one, and look at the price, simply amazing!!!! @_@

1http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=40029&item=3968782743&rd=1

[SoulBlazer]

Yes, that's real.

In the past our government used to make high demonation bills -- mostly for bank transactions between themselves or for people in lines of work were large ammounts of money used to change hands. They were never made in HUGE ammounts, but enough was circulated. The bills printed were $500, $1000, $5000, $10,000, and $100,000. Note that last one was ONLY for bank use and was NEVER circulated in the public, unlike the last ones.

Production of the bills was suspended during the Great Depression. Some were made in the 40's and 50's again but all printing of anything higher then a $100 stopped in 1969. As the bills found their way back to the Treasury Department they were destroyed. I doubt any still exist today save for the ones in collections and muesums. As you might expect they go for a good deal of money. :)

[vintagegamecrazy]

I knew they existed, but I never saw one sell before, and never knew the price of one, and it is just cool to see one on ebay, it is just jaw dropping to watch, probably won't be another one for quite a while.

[rhiohki]

incredible. This is a hobby that really must take some education to get into. The seller seems like a stand-up guy if you read his about me page. Will be watching it just to see where it ends for curiosity sake.

[Stark]

Those high denom. bills are very popular due to the rarity of them. Since they were not really for public use most of them that survive today are in great condition. They do pop up on Ebay from time to time but are mostly seen at coin/currency live auctions like B&M. You can usually see 1 or 2 at the big coin shows. At one time I had a $500 dollar bill but sold it since I mostly collected coins.

[NintendoMan]

Hey, those are still good today if the owner of it decided he just wanted to stop collecting it and spend it, right? I mean it has to be still good, I would think anyways.

[SlayerOfFurbies]

well if i was gonna drop 40K on a 5k bill, i wouldn't go to the store and spend it... i'd hold on to it probably for 20-30 years and sell it for a profit
... but that's just me

[SoulBlazer]

You're right, nothing stopping you from going to a store and spending one, as they were never recalled.

Of course, you could do that with silver coins, gold coins, or old fashioned 'paying with intrest' notes also. ;) The ONLY one that is no longer valid are the old Silver Certificates, that many bills were printed in during the 20's up to 50's. At one time you could demand to be paid in silver dollars, like the note says. The Tresury Despartment got a law passed in 1964 after the silver crises to stop their obligation to do so.

[drwily008]

Dang SoulBlazer, do you work for the treasury department? LOL You know your stuff!

It really is amazing that it is almost to $40,000 but still says reserve not met. Any guesses as to where it will end? I say $53,097 yep it's setteled, that's what it will go for.

[Scavenger4]

I remember constantly watching these bills rise in price over the years and this one is a beauty (with a price to match!). Makes me wish I would have picked up a few when I was heavy into coin collecting =\.


Silver certificates pop into my hands about once or twice a year still. I love finding them sitting around in change and sometimes you can find gold certificates as well (although much harder to find than silver).

Always check your change =)!

[vincewy]

In 1934, how many people would hang on to $5000 especially during the depression, it's 71 years old now, even if the interest rate remains very low for 71 years like 5%,

5000 * [(1.05)^71]=152732.13

You have to basicly sell it for this much just to make it worth it, of course, I'm sure the seller didn't get it in 1934.

[SoulBlazer]

Nah, one of my hobbies is collecting coins and bills. ;)

[Queen Of The Felines]

Homer Simpson: "There's a nice $200 bill in it for you."
Barney: "Oh yeah? Which president is on it?"
Homer: "Uh, all of them! They're having a party! Jimmy Carter is passed out on the couch!"

Which presidents are on the other bills? I think Woodrow Wilson is on the $100k one, but I can't remember the others.

Kristine

[tholly]

only on ebay can i $5000 bill sell for over 7X what its worth...amazing (but yes, i understand the whole rarity thing about it)

[The_EniGma]

Holy m00 k0w, its just like that simpsons episode with the "trillion" dollar bill

[Skueeee]

$37,689.05...

@_@

And who spends that kind of money on eBay? :hmm:

My dad has a 2 dollar bill. O_O

[number6]

I went to the website of the current high bidder (http://cgi3.ebay.com/ws/eBayISAPI.dll?ViewUserPage&userid=thecurrencyhouse) and on the history page there:

http://www.thecurrencyhouse.com/historyofnotes.html

It is stated that:



On July 14, 1969 the Department of the Treasury and the Federal Reserve system announced that due to lack of use, the High Denomination notes would be discontinued immediately. All High Denomination notes that are turned into banks are forwarded to the Federal Reserve and destroyed.


High denomination being 500, 1000, 5000, and 10000 dollar bills.

Does this mean that the highest denomination of US currency available today is 100 dollars?

[SoulBlazer]

Yes, that's exactly what is ment.

And you would know that if you had read my eariler posts. ;)

Would you believe $2 bills are still printed? But just like with 50 cent pieces, they are made in very small ammounts.

[XxMe2NiKxX]

This cracks me up. It's like paying money to get less money.

[video_game_addict]

Unfortunately it's not original.





















but sellers assures you:

ITS ORIGIONAL.

COMPLETELY ORIGIONAL!


$40K auction and and they can't spell original? :hmm:


That would be something if this turned out to be another one of those X-box box auctions, or one of those you are bidding on the picture in this auction, where instead of the plasma tv, you receive the photo of a plasma tv in the mail. Seller never said it was an original note, only origional!

ORIGIONAL! WTF does that mean?!

[Mythik]

I'd go buy an apple with it, and watch the guy running the register crap himself.

[Insaneclown]

Well who likes to buy money anyways. :roll:

[-hellvin-]

Wow...that bidding price is insane. That's pretty cool though, I never even knew it existed.

[SoulBlazer]

The same people who wonder who likes to buy video games. :P

Hey, I collect both. So sue me. ;)

[Mr.Faxanadu]

Well who likes to buy money anyways. :roll:

That's exactly what I was thinking. However, I'm sure all the coin collectors out there could ask the same thing about us. I mean we are the ones who spend $500+ on sealed videogames that we can't even play LOL

[Dk_slammer]

I happen to buy coins and video games so I kinda got the best of both markets (although it hurts the bank account sometimes)...I think the most I've spent so far is $25 on a half a cent...talk about a mark up LOL

[molnars]

According to the US Treasury "there are only about 200 $5,000 and 300 $10,000 bills known, of all series since 1861. Most of the $10,000 bills are due to the preservation of 100 ($1,000,000) of them by Benny Binion, the owner of Binion's Horseshoe casino in Nevada. For many years, they were displayed in a glass case in the casino. The case is no longer there, and the bills were sold to collectors."

[SoulBlazer]

Yeah, that makes sence. I know the 500 and 1000 dollar bills are a little more common, probaly around a few thousand of each. I have no idea how many of the 100,000 dollar bills are out there, since that was but a single issue for bank use and never released to the public.

[nesgamer]

My dad has a 2 dollar bill. O_O

My dad has one too.

[Mayhem]

$2 bills seem to be quite common. I've come across about 10-15 of them on display in my travels about the world. Yep there were a few on display outside of the US, probably as a curio collectable.

Anyone got an idea about how common they are though?

[Sega Hitman]

I work in retail. We get 2 dollar bills probably on a weekly basis. Nothing special really.

-Jeremy-

[SoulBlazer]

Yeah, $2's are not being printed right now but there was a large ammount made up recently to handle any demand for the bill -- I want to say in 1996. And I believe they are of the same 'Decleration of Indepdence' theme that the more common 1976 print job has.

It's similar to how in 1999 a small ammount of Susan B Anthony dollar coins were minted to handle the small demand for the coins in vending machines and the like which still use them.

So no, $2's are common. UNLESS you happen to have one of the 'old style' ones, with Monticello on the back. They stopped printing that design in the 1960's and the $2 was'nt printed again until the 1976 'Signing of the Decleration of Indepdence' edition, with the famous painting on the back of the bill also.

[rbudrick]

I too colelct coins and bills, and I was quite surprised that I hadn't heard of the 5k note. I knew of all the others and used to be quite fascinated with them as a kid. Thanks for pointing this out!

-Rob

[Gemini-Phoenix]

Just think - If you are lucky enough to actually own something like a sealed Panzer Dragoon saga, then no doubt in years to come, that too will be worth a lot of money - Just like that $5,000 note.

Goes to show - If you are shrewd, and invest wisely in things, then you can make big money later on...

[jajaja]

Just think - If you are lucky enough to actually own something like a sealed Panzer Dragoon saga, then no doubt in years to come, that too will be worth a lot of money - Just like that $5,000 note.

Goes to show - If you are shrewd, and invest wisely in things, then you can make big money later on...

Will be worth alot of money yes, but not as much as the $5000 bill.

[Iron Draggon]

Dang, that dude must be dyslexic! He even spells his own name wrong! Somehow I don't think that's his real name though.