Why the Fed Stopped Printing $500 and $1000 Bills in 1969: Nixon, Organized Crime, and the Death of High-Denomination Currency
In 1969, the Federal Reserve quietly pulled the plug on $500, $1,000, $5,000, and $10,000 notes, citing declining use and their role in facilitating organized crime. For collectors today, these survivors represent some of the most dramatic and historically loaded pieces of American paper money ever issued.
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