United States five-thousand-dollar bill
The United States 5000 dollar Bill (US$5000) is an obsolete denomination of United States currency. It is still legal tender. The United States Department of the Treasury discontinued the note $5000 bill in 1969 and it is now valued by currency collectors.
Description
[edit]The obverse of the note features the portrait of former United States president James Madison. Above the portrait the words "Federal Reserve Note" appear. To the left of the portrait the note stated that it was redeemable in gold. The reverse has a decorative border around the number 5000.[1]
History
[edit]The United States five-thousand-dollar bill was printed from 1861 to 1945. The Bureau of Engraving and Printing 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. On July 14, 1969, the United States Department of the Treasury announced that all notes in denominations greater that US$100 would be discontinued.[2] Since 1969 banks are required to send any $5000 bill to the Department of the Treasury for destruction.[3]
Examples of the note have become valuable among collectors. In 2024, a graded example of a $5000 bill sold at auction for $144,000.[4] In 2023, an example of the $5,000 Federal Reserve Note sold at Heritage Auctions for $300,000.[5]
References
[edit]- ^ "5,000 Dollars, Federal Reserve Note, United States, 1928". americanhistory.si.edu. Smithsonian. Retrieved 14 September 2024.
- ^ "Bureau of Engraving And Printing". www.bep.gov. The Bureau of Engraving & Printing. Archived from the original on 2023-05-16. Retrieved 2024-09-13.
- ^ "Chapter 5. Federal Reserve Notes". Board of Governors of the Federal Reserve System. Federal Reserve. Archived from the original on 14 September 2024. Retrieved 12 September 2024.
- ^ "$5,000 Federal Reserve Note Realizes $144,000 in Auction". Numismatic News. 23 April 2024. Archived from the original on 14 September 2024. Retrieved 14 September 2024.
- ^ Friedberg, Arthur L. "High denomination notes reaching higher prices in auctions". CoinWorld. Archived from the original on 14 September 2024. Retrieved 14 September 2024.
