What Is The Largest Denomination Of Paper Money Ever Produced?
The largest denomination of currency ever printed was the $100,000 Gold Certificate of 1934 featuring the portrait of President Wilson. This note existed only for official transactions and none of them ever circulated outside Federal Reserve banks.
On July 14, 1969, the Treasury Department and the Federal Reserve Board announced that they would immediately stop distributing currency in denominations of $500, $1,000, $5,000 and $10,000. Production of these denominations stopped during World War II. Their main purpose was for bank transfer payments. With the arrival of more secure transfer technologies, however, they were no longer needed for that purpose. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received.