Saturday, 5 April 2008

Paper Money Collecting: The US 100,000 Dollar Banknote

For the record there is a $100,000 US Banknote. It may not be in circulation or in print but it is still considered legal tender, thought it was never used as a note in circulation even when it was released. These were notes used within the banking system to transfer large amounts of funds to the Federal reserve. No bank is interested in using this system as the IT opportunities out there make it so much more easier to transfer money electronically.

Woodrow Wilson (1856 - 1924) graces the face of the 100,000 dollar note, a controversial character if I had ever meet one. He was the 28th President of the United States of America. He is remembered for a lot of things, including The Revenue Act, Federal Reserve Act, The Espionage Act and The Sedition Act.

The things he did that stand out for me is not the fact that he was the first American President to visit the Pope while in office nor is it to do with his contribution to Americas foreign policy over the decades even right now his way of thinking is still present.

For me Woodrow is probably one of the great men on Paper Money that I have a problem with since he was in support of segregation and ended up sending a lot of black workers out of jobs with the government over racial grounds.

Anyway the US $100,00 note is a collector's item if you have got one. Mark my wood its a gem.


Anonymous said...

i have 1
but do not know wether it's ori or not
d serial no is A00031477A
anybody can help me

Anonymous said...

It's actually not legal for private citizens to have them. They are no longer legal tender by the way.