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There's never been a $3 bill in the set of standard denominations printed by the U.S. government. That's one reason for the expression "phony as a 3-dollar bill", because any that you found would have to be fake. It's also taken on an unfortunate pejorative meaning in modern slang usage.

OTOH a lot of local and private banks issued bills in all sorts of unusual denominations. In particular, $3 bills were printed in Texas during the time that the state was an independent republic.

Finally, the U.S. did issue a $3 coin from 1854 to 1889. Legend has it that the peculiar denomination was intended to simplify the purchase of panes of 100 first-class postage stamps, which cost 3¢ each at the time. That hypothesis is shaky because it was very uncommon for people to purchase such a large quantity of stamps at one time.

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16y ago

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