Million-Dollar Bill Gets N. Carolina Man Arrested at Walmart

[308Mike]

Linkarooni - I don't know if I believe the assertion about the largest bill in circulation is $100 (perhaps in GENERAL circulation, but I know collectors have higher denominations), but I tell you what, if someone presented ANYTHING larger than $100, I'd be going over it with e fine-toothed comb. But to try and DEMAND that a bill worth more than $1,000 is legitimate, wouldn't invite additional scrutiny from not only the merchant but fed.gov in simply STUPID - but no one said crooks were smart:

No Sale: Million-Dollar Bill Gets North Carolina Man Arrested at Walmart
Published December 31, 2011
| Associated Press

LEXINGTON, N.C. – Do you have change for a million-dollar bill?

Police say a North Carolina man insisted his million-dollar note was real when he was buying $476 worth of items at a Walmart.

Investigators told the Winston-Salem Journal that 53-year-old Michael Fuller tried to buy a vacuum cleaner, a microwave oven and other items. Store employees called police after his insistence that the bill was legit, and Fuller was arrested.

The largest bill in circulation is $100. The government stopped making bills of up to $10,000 in 1969.

Fuller was charged with attempting to obtain property by false pretense and uttering a forged instrument. He is in jail on a $17,500 bond, and it isn't clear if he has an attorney. He is scheduled to be in court Tuesday.

[slowpoke]

I wonder if it was one of these: http://www.amazon.com/gp/product/B001LB ... d_i=507846

[moose42]

Linkarooni - I don't know if I believe the assertion about the largest bill in circulation is $100 (perhaps in GENERAL circulation, but I know collectors have higher denominations), but I tell you what, if someone presented ANYTHING larger than $100, I'd be going over it with e fine-toothed comb. But to try and DEMAND that a bill worth more than $1,000 is legitimate, wouldn't invite additional scrutiny from not only the merchant but fed.gov in simply STUPID - but no one said crooks were smart:

According to the US Treasury...

United States currency denominations above $100 are not available from the Department of the Treasury, the Federal Reserve System, or the Bureau of Engraving and Printing. On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

These notes are legal tender and may be found in circulation today; however, most notes still in circulation are probably in the hands of private numismatic dealers and collectors.

So no you won't see a bill higher than a $100... pretty much ever.

[Rod]

Linkarooni - I don't know if I believe the assertion about the largest bill in circulation is $100 (perhaps in GENERAL circulation, but I know collectors have higher denominations), but I tell you what, if someone presented ANYTHING larger than $100, I'd be going over it with e fine-toothed comb. But to try and DEMAND that a bill worth more than $1,000 is legitimate, wouldn't invite additional scrutiny from not only the merchant but fed.gov in simply STUPID - but no one said crooks were smart:

According to the US Treasury...

United States currency denominations above $100 are not available from the Department of the Treasury, the Federal Reserve System, or the Bureau of Engraving and Printing. On July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations of $500, $1,000, $5,000, and $10,000 would be discontinued immediately due to lack of use. Although they were issued until 1969, they were last printed in 1945.

These notes are legal tender and may be found in circulation today; however, most notes still in circulation are probably in the hands of private numismatic dealers and collectors.

So no you won't see a bill higher than a $100... pretty much ever.

At least until Obama puts the economy so far in the tank that we'll be like the Weimar Republic after World War I.

[Aglifter]

BS that was done due to "lack of use" - it was done because the IRS is delusional on what it thinks businesses are hiding from them, and out of concerns that the larger bills were used for criminal transactions - the 10K bills were, pretty much, only used by financial concerns transferring money to one another - but the $500 and $1K bills were pretty common.

[Flintlock Tom]

I wonder how the Dufus expected the cashier to give him change?

And, why doesn't he just use the bill to pay his bail?

[Denis]

We have 500 euro notes (say 750US). I understand they are used almost exclusively by criminals, tax evaders and black marketeers.

[Aglifter]

I'm surprised - I admit, it's been sometime since I've been in Europe, but when I was, credit cards and debit cards were not accepted that often.

It can be a cultural thing - I know quite a few men who always carry 1K or so in their wallet

[slowpoke]

We have 500 euro notes (say 750US). I understand they are used almost exclusively by criminals, tax evaders and black marketeers.

You say that like its a bad thing.

[Jered]

We have 500 euro notes (say 750US). I understand they are used almost exclusively by criminals, tax evaders and black marketeers.

All right, which one are you?