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For public use in the US, $100 is currently the highest-value bill issued.

At one time $500, $1,000, $5,000 and $10,000 were also printed. Printing of all higher denomination bills was suspended in 1945 due to low demand. In 1969 President Nixon ordered banks to stop distributing high-value bills as a way to prevent their use by organized crime. That suspension remains in effect today in an effort to combat terrorists and drugs transactions.

High-denomination bills are not used by collectors to pay for down payments, cars, or any other large purchases. The bills are technically still legal to spend but it wouldn't make much sense to because they're worth more as collectibles, and if they're returned to a bank the bank is required to send them back to the Treasury to be exchanged for modern banknotes.

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9y ago

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Does 1995 1000000 us dollar bill expires?

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