100,000 Dollars, United States, 1934

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Description
During the early 1930s, the United States and the rest of the industrialized world experienced an economic depression. In 1934, the United States continued its movement toward removing its currency from the gold standard. It even became illegal to possess gold coins or gold-based currency until Congress relented somewhat for collectors. The Gold Certificate Series of 1934 poses a slight puzzle since the United States was off the gold standard by 1934. The $100,000 note shown here was not intended for general circulation but was used as an accounting device between branches of the Federal Reserve. This $100,000 note was the highest denomination ever issued by the United States.
Location
Currently not on view
date made
1934
depicted
Wilson, Woodrow
issuing authority
Bureau of Engraving and Printing
place made
United States
Associated Place
United States
Physical Description
paper (overall material)
Measurements
overall: 15.7 cm x 6.6 cm x .01 cm; 6 3/16 in x 2 19/32 in x in
ID Number
NU.78.5.807
accession number
1978.0941
catalog number
78.5.807
serial number
A00020109A
Credit Line
U. S. Department of the Treasury
See more items in
Armed Forces History: National Numismatic Collection
Coins, Currency and Medals
Data Source
National Museum of American History, Kenneth E. Behring Center

Comments

What happened to the other notes in the series? Are they exchangeable for Gold?
"I would love to see this bill on my visit to the Smithsonian. So, it would be nice for this to be viewable to the general public. When is this going to be open to the public?"
"A new exhibit, "The Value of Money, " will open in July 2015 and will display one of these notes."
Hi are these notes still illegal to own and were they used in the sixties in trade for gold bullion? cheers Nick

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