Current Circulation Figures for 1000 Dollar Bills
The Federal Reserve reports that 1000 dollar bills remain legal tender, but they are no longer printed for general circulation. The most recent public data from the Federal Reserve shows that the number of 1000 dollar bills in circulation has declined steadily over the past two decades as older notes are destroyed and not replaced. The exact count is published in the Fed's annual currency report, which tracks denominations by series and condition.
Financial analysts use these figures to understand cash demand and the role of high-denomination bills in the economy. The 1000 dollar bill is far less common in daily transactions than the 100 dollar note, and its circulation is primarily driven by institutional and collector demand rather than retail use.
Historical Production and Discontinuation of the 1000 Dollar Bill
Last Printing and Series Details
The United States stopped printing 1000 dollar bills for public circulation in 1969, when the Department of the Treasury and the Federal Reserve discontinued several high-denomination notes including the 500, 1000, 5000, and 10000 dollar bills. The final series printed was the 1934 and 1934A gold certificates and Federal Reserve notes, which were used primarily for large interbank and government transactions.
Despite the halt in production, existing 1000 dollar bills remain valid and are still tracked by the Federal Reserve. The Bureau of Engraving and Printing does not produce new notes of this denomination, and any 1000 dollar bills in circulation today are older notes that have been recycled through the banking system for decades.
Role of 1000 Dollar Bills in Modern Finance
Use Cases and Collectible Value
Today, 1000 dollar bills are rarely seen in everyday commerce. They are held mostly by collectors, museums, and some institutional investors who value them as historical artifacts or store-of-value instruments. The U.S. Securities and Exchange Commission does not regulate the circulation of these notes directly, but their use in large cash transactions can trigger reporting requirements under anti-money laundering rules.
Market value for a 1000 dollar bill in fine condition can far exceed its face value, with numismatic premiums driven by rarity, series, and serial number. The continued presence of these bills in circulation is a reflection of the longevity of U.S. currency and the slow turnover of the cash supply, as documented in the Federal Reserve's 2024 currency operations report.