According to a Japanese newspaper, eight people are out more than $1.25 million. They were duped into buying supposedly rare U.S. million-dollar bills from the 1920's. But the ‘million notes’ are fakes. The news reports say three of the bilked investors have had to file for bankruptcy. The man who promised them huge returns has disappeared with their real money.
The largest denomination bill ever produced by the U.S. treasury was a 100-thousand-dollar note in the mid 1930's.
(What a real Thousand dollar bill looks like.)
3 comments:
Incorrect.
The largest denomination issued by the US Treasury is the $100,000 gold note with Woodrow Wilson on the front.
That note was never in general circulation. The largest bill that was in circulation was the $10,000.
Several large bills have been retired, including -
500, 1 000, 5 000 and 10 000.
And now that all important source -
http://www.moneyfactory.gov/document.cfm/5/42/1359
Bill,
What was incorrect? I stated that the largest note was a $10,000 note. The picture shows a one thousand dollar bill as it says. Did you read something wrong?
Jonco
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