Why $500 and $1000 bills aren't made anymore but $2 bills are

Maybe you're aware that 2 dollar bills are still being made, but hopefully you know that $500 bills and $1000 bills are NOT. And the federal reserve has no plans to print any of this currency in the future. Do you know why? This video from the producer of The Two Dollar Bill Documentary will explain about $2 bills and the larger banknote denominations have fared in the economy over the years.

Submit your questions to the Community page on this channel - maybe we'll make a video answering it! And you'll receive a $2 bill by mail if we use your question. It's all about the numismatics.

Photos of all bills courtesy of the National Numismatic Collection at the Smithsonian Institution.

#papermoney
#USD

[atcjoe]

Heck, my weekly grocery bill is $250 most times. A 500 dollar bill would be nice.

[cruzeiroreal]

I think we need larger banknotes. A $500 bill would be great

[Littlegoatpaws]

Considering how much value the dollar has lost if it weren't for cashless transactions that dominate the largest payments the $500 and $1000 would probably actually have some modern day use.

[JamboBodyPiercing]

We need to bring back the 500 and 1000. Stuff is getting more expensive.

[lamarravery]

With all the inflation going on, we need higher denomination dollar Bill's more than we need $2 bills. Instead of a stack of $100s, I prefer a couple of $1000s.

[VortexTheShark]

I own a red seal 1953 $2 dollar bill in pretty good condition. I absolutely love the $2 bills personally because I have plenty of stories about them. I'd love to see a comeback of the $2 denominations.

[Ywasifn]

I think I am the only person under 20 that watches this. I love it!

[JermStone]

I vaguely remember my mother having a $500 dollar bill in the 90's for whatever reason... and ended up breaking the bill at a gas station for fuel LOL!

[kellywright]

One of the guys I used to work for got hassled by a clerk and a manager at some mall sandwich shop when he tried to pay his bill using a 2 dollar bill. Even called a mall security guard over to explain about this "fake" money! Crazy!!

[Max-slwb]

My dad used to say that he would retire if he ever saw a 100 dollar bill. He didn’t really retire because they became so common.😂

[brubru]

I was looking around in my late great grandfathers wallet and found these! I thought they were fake until today. Great video!

[james.walkerUSA]

Over the years, there have been several attempts to switch the US to a $1 coin to save money on printing. Why haven't there been similar efforts with the $2 denomination? Most other countries have a coin for both their 1 and 2 denominations.

[rabbitt]

In 1971 I went to the bank and bought a 1, 000 dollar bill

[CaseNumber]

I almost got the cops called on me at a supermarket because I tried using 2 $2 to purchase groceries. Cashier stopped while taking my payment, called out a secret protocol sentence to secretly summon the manager, and I was told that I was using counterfeit money by both of them. I told them it was legal tender and if I was going to use counterfeit it would be of an discontinued bill of such a low number using this current year. I argued with the manager and he got angrier, probably because he knew if I was right he would be known as a complete idiot. Luckily, a bank teller came in and intervened, wearing a bank of America name tag, and told the manager that it was real. He STILL stammered about an authority of currency being against him. I am glad the cops never came because I have read stories about being actually being booked for using $2 bills because no one during the process, especially cops, knew $2 bills exist.

[lawnmowermanTX]

@The Two Dollar Bill Documentary Great video! I got $50.00 worth of $2.00's and spent some at the same Burger King in Brownwood, TX Walmart, as the young lady at the register asked if they were legal and real, the manager's popped open, and said.. "OH YES They Are! COOL!!" was his reply.. Positive response!

[justinshoats]

$500 $1000 $5000 and $10000 bills are so cool wish I could have one LOL

[ivanvazquez]

We have so many at the store I work at. Sometimes people ask if they can exchange some. I can’t imagine dealing with $500 or a $1000 bill though

[skqueen]

I'll bet nowadays these Bill's would be popular. A lot of people still deal in cash only and it's not just for money laundering.

[Gumardee_coins_and_banknotes]

As an AUstralian, I find it strange that you do not use the 50 cent or $2 that often. But I understand why those over $100 are not used. Many countries have withdrawn higher denominations, the latest was Singapore with the $10, 000.

[mrsentrybuster]

Me, who plays monopoly:
*you fool, I have many 500 dollar bills!*