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 high-denomination 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 the Federal Reserve System has any plans to re-issue large denomination currency.
As 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.
Our Grover Cleveland Thousand Dollar Bill Coin Pays Tribute to This Historical Banknote
This gleaming copper-nickel coin from American Mint honors the legacy of the popular Cleveland $1000 bill. The obverse features a beautiful full-color inlay of the front and back of the banknote in remarkable detail. The coin's reverse depicts an eagle perched majestically atop the United States portion of the globe with the American flag waving in the background.
We've limited the minting of this extraordinary piece to only 9999 complete collections — order yours today while the supply lasts! You will also receive a Certificate of Authenticity that certifies the coin's size and materials.
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At American Mint, we strive to offer high-quality collectibles at reasonable prices. Purchase your Grover Cleveland thousand dollar bill right now at an incredibly low online price. To place your order, add the item to your shopping cart and complete the fast, secure checkout process.
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