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To: MissTed

There once were $10,000 bills...totally legal tender.I wonder if you can still spend them...deposit them in a bank...or,at least,bring them to a Federal Reserve Bank and get cash that’s actually spendable (assuming you can’t spend the bigger one).


5 posted on 10/20/2010 1:27:38 PM PDT by Gay State Conservative (''I don't regret setting bombs,I feel we didn't do enough.'' ->Bill Ayers,Hussein's mentor,9/11/01)
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To: Gay State Conservative

They are worth more to collectors. They are a little crazy.


11 posted on 10/20/2010 1:37:01 PM PDT by ThomasThomas (I still like peanut butter)
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To: Gay State Conservative
There once were $10,000 bills...totally legal tender.

Yes there were, my understanding was that they were used largely by the banking system to facilitate large interbank funds transfers. Now such transfers are handled electronically with no exchange of paper notes. They were printed from 1865 to 1946 and allowed to circulate until 1969 at which time they were retired from circulation, with about 350 in various collections. The government no longer prints any bill larger then the one hundred.

Binion's Horseshoe Casino on Fremont Street in Las Vegas has a display of one hundred $10,000 bills on display in their lobby under two inches of bullet proof glass. That's about as close as 99.9% of visitors to Vegas will ever get to one million dollars.

Regards,
GtG

28 posted on 10/20/2010 2:34:50 PM PDT by Gandalf_The_Gray (I live in my own little world, I like it 'cuz they know me here.)
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