Large Denomination Bills ($500, $1000, Etc.) In Circulation

Only large denomination note I have ever seen was behind glass at a coin show, more than 15 years ago.

The major concern I would have with snatching up such a note for face is that I don't have a clue how one would authenticate them. They were all made well before any sort of sophisticated anti-counterfeiting technology; I don't think modern printers have safeguards to prevent the counterfeiting of very rare bills that have been "out of circulation" for 40+ years. I don't struggle to imagine that a master of social engineering could blind a teller or bystander with the visions of an instant profit, knowing that if the Feds are called the bill will be destroyed. With a $500-10,000 profit on the line, one could even buy some genuine older bills to make it look like an old collection spent in a time of hardship.

If there are roughly 350 apiece of the $5000 and $10000 banknotes in circulation, then I should think that the serial numbers of the one hundred $10000 banknotes in Benny Binion's collection would be well known. Millions of people must have taken photos of the display. Plus they were all sold as a group.


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As far as counterfeiting, I don't think you could make many counterfeits of banknotes with only 350 left. It might make more sense to try and copy the $500 banknotes since there is several hundred thousand notes left in circulation.

The intaglio printing process used for currency is sort of an anti-counterfeiting technology, something that cannot be reproduced unless you are a highly skilled engraver and printmaker.

Production quantities and amount in circulation as of end of 2016
3,943,708 : $500 (over 284,000 still in circulation)
2,675,016 : $1000 (over 165,000 still in circulation)
71,904 : $5000 (over 350 still in circulation)
64,624 : $10000 (over 340 still in circulation)

Just for the sake of argument, the figures posted by Paco are probably the amount printed minus the amount turned in to the government....but who's to say the amount of notes destroyed by fire and other means of destruction

Certainly the government has no way of knowing how many banknotes are destroyed by fire or simply in the stomach of a dog somewhere. In many European governments after some decades the oldest notes are simply declared "invalid". In the USA and Canada every banknote is valid at face value forever.

But the presumption is very few of the high value notes were carelessly lost, whereas we presume hundreds of millions of the circulating 11.7 billion $1 banknotes are actually lost.

Theoretically a table of serial numbers could be made by the government of the roughly 700 banknotes over $1000 that are believed to be in existence.

Canada reports 765,274 of the CAD$1000 banknotes are still in circulation, although all such notes that come into government possession have been destroyed since the year 2000.

Extremists in the ECB are not content to merely stop producing the 500 Euro banknote and destroying the notes that come in the possession of the ECB. They want to put a timeline and declare all such notes invalid after some future date. This outcome seems unlikely as there are over 500 million banknotes of this denomination in circulation.

I'm on the same bus as Mr.Frog....bought one of each to show civilians, and they get more oohhs and aahhhs than anything else I show them.

I heard a story from a local dealer who got a call from a lady who had opened her deceased husband's safety deposit box and found ten crisp $1000 bills. Would he be interested in buying them? He certainly would, he told her. Then she added, "and the bank manager checked each one with an anti-counterfeiting pen, and they're all real!"