According to the U.S. Department of the Treasury, there was a $500 bill in circulation at one time, but it was pulled from distribution on July 14, 1969. In addition to the $500 bill, the $1,000, $5,000 and $10,000 bills were also pulled at that time.
The decision to remove the $500 bill from distribution was made by David M. Kennedy, the Secretary of the Treasury. The bills were primarily used for bank transfer payments, but as more secure transfer methods were introduced, they became obsolete. Investopedia states that the $500 bill featured President William McKinley and was last printed in 1945. The bill is still legal tender as of 2014, but any $500 bills received by the Federal Reserve are destroyed.Learn More
A one troy ounce silver trade unit is a privately minted silver piece equal in weight to approximately 1.1 ounces, the equivalent of measurement used in precious metal trade to determine the weight. A silver trade unit should be composed of 99.999 percent silver to be considered fine silver.Full Answer >
There are eight denominations of euro coins. The largest are the €1 and €2 coins, followed by 50, 20, 10, 5, 2 and 1 cent coins. One side of each coin depicts its value while the other carries a unique design from the issuing country.Full Answer >
In U.S. currency, one million pennies are worth 10,000 dollars. A penny is worth one cent, and one cent is 1/100 of a dollar. In other words, a dollar is equal to 100 pennies, so one million pennies divided by 100 provides the worth in dollars.Full Answer >
The U.S. Mint produced the Eisenhower silver dollar, created in honor of President Dwight D. Eisenhower, from 1971 to 1978. The coin is made of 75-percent copper and 25-percent nickel, although a collector's version of the coin contains 60-percent copper and 40-percent silver.Full Answer >