TheUnited States 1000 dollar bill(US$1000) is an obsoletedenomination ofUnited States currency. It was issued by the USBureau of Engraving and Printing (BEP) beginning in 1861 and ending in 1934. Since 1969, Treasury policy is to withdraw any $1000 bills it receives, but they are still legal tender.
From 1862 to 1880 the US Treasury Department issued $1,000 Legal Tender notes, with three different designs on the obverse. The portrait ofRobert Morris appeared on the first 1000 dollar bill. Mayor of New YorkDeWitt Clinton appeared on two other versions.[1] The obverse of the 1928 and 1934 series features a portrait ofGrover Cleveland facing right while toward aUnited States Department of the Treasury seal.[2]
The reverse of the 1928 and 1934 one-thousand-dollar bills feature lathework and a decorative border. The reverse also contains text that reads: "The United States of America / One Thousand Dollars" and the number 1,000.[3]
The United States one-thousand-dollar bill was printed from 1861 to 1934. TheBureau of Engraving and Printing (BEP) continued to issue the notes until 1969. The notes did not see much circulation among the public because they were printed to facilitate transactions between banks.[1]
In 1878 and 1880 the Treasury produced the $1,000 bill as asilver certificate. Other subsequent versions were produced in 1878, 1880 and 1891. In 1913, a large-size version of the bill was issued as a Federal Reserve Note. In 1882, the note was issued as a gold certificate. In 1928 the treasury began to issue small-size bills and the $1,000 denomination featured US PresidentGrover Cleveland. The small-size was issued in 1928 and 1934.[4]
Examples of $1000 bills are valued by collectors and they regularly sell for more than their face value.[4] On July 14, 1969, theUnited States Department of the Treasury announced that all notes in denominations greater than US$100 would be discontinued.[1] Since 1969 banks are required to send any $1000 bill to the Department of the Treasury for destruction.[5] Collectors value the one-thousand-dollar bill with a gold seal.[6]
