$1,000 Grover Cleveland Banknote Commemorative Coin

Item No.: 9184070



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6% sales tax will be added to all PA orders
  • Full-color reproduction of the original banknote
  • Featuring Grover Cleveland, 22nd and 24th President of the U.S.
  • The famous One Thousand-Dollar Banknote

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Product description
First issued in 1861, the $1,000 bill originally featured Union General William T. Sherman. These large denomination banknotes were issued – along with $500 and $5,000 bills – primarily for transactions between banks and government agencies.
Four years later, the government issued an even larger $10,000 bill, followed by the $100,000 banknote in 1934. In 1929, all U.S. paper currency was redesigned to a uniform size. As part of the redesign, the $1,000 bill was changed to feature the only man to serve two nonconsecutive terms as U.S. President: Grover Cleveland. Cleveland served as the 22nd President from 1885 to 1889 and as the 24th President from 1893 to 1897.
At the end of World War II, the use of checks and wire transfers became more popular. Production of all large denomination bills ceased in 1945 when they were no longer necessary for bank transfers. Official use of the $1,000 bill – and all other highdenomination bills – was halted in 1969 by executive order of President Richard Nixon. Distribution ended amid concerns of counterfeiting and the use of cash in organized crime.

While these notes are still considered legal tender and may be found in circulation today, the Federal Reserve Bank removes them from circulation and destroys them as they are received. Neither the Department of the Treasury nor he Federal Reserve System has any plans to re-issue large denomination currency.

The only U.S. President to serve non-consecutive terms, Grover Cleveland acted as a protector of the federal government, focusing his efforts on ridding the system of special interest appointments and making sure officials earned their positions through merit. He entered into his second presidency in the midst of the worst depression the country had ever known and did his best to restore the economy.

Details
Limitation 9,999 complete collections Material Copper-nickel
Weight 32 grams Measures Diameter: 40 mm (Approx. 1.6 in.)
Quality Brilliant uncirculated Issue Year 2006
Reverse Eagle, U.S. Flags Obverse $1,000 Grover Cleveland Banknote
Info
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6% sales tax will be added to all PA orders.
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