The $100,000 bill is the highest denomination of currency ever issued by the United States. However, it was never intended for general circulation and was only used for transactions between Federal Reserve Banks. Today, the $100,000 bill is extremely rare and highly valuable among collectors.
In terms of face value, the $100,000 bill is worth, well, $100,000. However, these bills were never available to the public and were only used by the Federal Reserve Banks to transfer funds between themselves. The highest denomination of currency that was available to the public was the $10,000 bill, which was used for large transactions such as real estate purchases and bank transfers.
The $100,000 bill was last printed in 1945 and was officially discontinued in 1969 as part of a larger effort to combat money laundering and tax evasion. While they were never circulated among the general public, some $100,000 bills did make their way into the hands of collectors and can be found in private collections and museums today.
The value of a $100,000 bill today depends on a number of factors, including its condition, rarity, and historical significance. In general, a $100,000 bill in good condition can be worth anywhere from $130,000 to over $500,000, depending on the specific bill and the demand from collectors.
When determining the value of a $100,000 bill, there are several factors that collectors take into account. One of the most important factors is the condition of the bill. A bill that is in excellent condition with no creases, tears, or other damage will typically command a higher price than a bill that is worn or damaged.
Another important factor is the rarity of the bill. While all $100,000 bills are rare, some are more rare than others. Bills that have a low serial number, for example, or that were printed in a particular year or at a particular Federal Reserve Bank may be more valuable to collectors.
Finally, the historical significance of the bill can also affect its value. Some $100,000 bills are associated with important historical figures or events, and collectors may be willing to pay a premium for bills with such historical significance.
In summary, the face value of a $100,000 bill is $100,000, but these bills were never intended for general circulation and were only used by the Federal Reserve Banks. Today, $100,000 bills are rare and highly valuable among collectors, with prices ranging from $130,000 to over $500,000 depending on the specific bill, its condition, rarity, and historical significance.