WTB $500 or $1000 Bill - Net54baseball.com Forums

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11-28-2020, 06:35 AM

leftygrove10 leftygrove10 is offline

Brad Green

Member

Join Date: Apr 2009

Posts: 1,128

Quote:

Originally Posted by Ed_Hutchinson

I dont collect currency at all but this has been a fascinating thread.

I do have a question though. Not that you would, since they command a premium, but are they still legal tender?

Thanks for sharing info guys, I love this site for that!

Ed

As the poster above me said, they are still legal tender today. The $500 and $1000 bills were taken out of circulation in 1969. If you took them to the bank to deposit them today, my understanding is that they would be taken out of circulation and shredded. I am guessing that the bank doesn't do that, but that they send them to the government to do that.

When I was a kid, we took a tour of the U.S. Treasury in Washington, DC. You could buy a bag of shredded money from a vending machine. I still have that to this day.

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Last edited by leftygrove10; 11-28-2020 at 06:36 AM.

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