The latest scoop is that we will soon have a brand new $100 bill (seen directly above).
Cool looking bill right? Especially with the new colors and everything…Anyway, we started thinking “why didn’t we ever make bills larger than $100s bills?”
Turns out we did!
On July 14, 1969, the American Federal Reserve System decided to officially stop these bills from circulating. However, each bill can still be used legally.
That’s if your lucky enough to find one.
person on bill: William McKinley, 25th U.S. President
person on bill: Grover Cleveland, 22nd and 24th U.S. President
person on bill: James Madison, fourth U.S. President
person on bill: Salmon P. Chase, sixth U.S. Chief Justice
person on bill: Woodrow Wilson, 28th U.S. President
scoop tip: The Federal Reserve System is the central bank system for The United States of America. Being the central bank means that the Federal Reserve manages and supervises the country’s money and how it circulates. It does this by overseeing the many things that effect America’s money circulation.