Friday, March 10, 2006

This $10,000 bill belongs a dead man

A rare $10,000 bill is getting a new home. The bill one of 15 large-denomination bills at a Chase Bank branch in Green Bay was shipped to the bank's corporate archives in New York for safe keeping.

The $10,000 bill bears the likeness of Salmon P. Chase, for whom the bank was named. Chase was a U.S. senator who served as treasury secretary under President Lincoln.

The large bill was discovered in a bank customer's safety deposit box after the owner died 20 years ago. The woman's family exchanged the currency at face value, and the bank stored the bill in a plastic sleeve for protection.

Fun Fact to tell your friends, but not in a bar: the government stopped printing bills larger than $100 in 1945 and hasn't issued any since 1969. The Green Bay bills were printed in 1934. Article here.

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