$5000 note. Is it real?

Fake +10...LOL

 

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And that pretty much nails it! Nor is the colour of the serial numbers even close to the same as the color of the seal. Great catch. I did not notice that and was firmly in the "need to feel it" camp. Now that you point it out, it's obvious!

 

In the one case that I have personal knowledge a man in Bloomington, Illinois attempted to cash a $10,000 note.
The bank official told him that he was required to seize
the note and notify the treasury department or secret
service - I don't recall which. The man grabbed up his
note and ran. The feds came looking for him. I was told
that he made a beeline for the border and cashed his
note there. This happened between 1977 and 1984.

 

Odd because aren’t those notes worth more than $10k?

 

Absolutely fake. There are many such scams that have come out of the Philippines. Many of them start with "An American soldier gave this to my grandfather during the war..." or similar bilge.

 

Treasure hunters have been seeking it since it was found to be missing. Debates have raged over whether it is still government property and whether it is still payable in gold. If still payable in gold would the exchange rate be current value or the twenty dollars per ounce when it was issued? Fodder for many heated arguments. Some say that it ceased to be our problem when Mexico accepted payment for the GADSDEN PURCHASE and it's their tough luck that it was never turned in for payment. Brief accounts can be found in Treasure Guide to New Mexico by Thomas Penfield and Treasure Guide volume including New Mexico by Thomas Penfield. When I say brief I mean one or two paragraphs. There would have been expanded articles in various treasure magazines over the years. Easy to research historical events. Hard to pinpoint a search area. You could easily waste a lifetime searching for this one. You might also find five other treasures while you do.

 

Haven't heard that old horse hockey in a while. First time I heard it was in the early 1980's when I was living in Colorado Springs and some guy claimed to have found one of the tubes in the mountains east of Ouray, CO. Local newspaper ran it as straight news. The picture was of a known fantasy note.

 

Sorry if I wasn't clear, I'm just looking for information, not looking for an actual lost note...

 

I can’t find any info either. Could be an urban legend

 

Sounds like the stuff of urban legends. The Horseshoe hotel had $1 million in $10,000 bills on display until the early 2000's I believe. The person who inherited it sold them for $4 million. Go to most huge coin shows and you can find a $5,000 or $10,000 bill for sale. I do not see Treasury officials chasing these dealers around the bourse.

Unless the bank knew the bill the man had was stolen or a fake, then I would understand why he fled. Remember, bills have serial numbers. Easier to trace stolen money.

 

Yes - a nice one will set you back $100,000 or more. A Nevada casino once had a display of 100 of them - you know, come to my casino and see a million dollars. When they found out what they were going for - sell, sell, sell!

 

Google " Nolan Dalla $188,000 Dollar Bill " for the story of the Horseshoe casino million dollar display, and what happened to it. Dalla is a poker player and author.

 

Mine has Rutherford B Hayes on it.
I remember reading a story, a few years back, where someone tried to tender one of these at a Walmart. Probably just that, a story. But, the story went that the clerk had rung up all the purchases, several thousand dollars worth of high end goods, and was presented with a 1,000,000 bill. The clerk politely said, "I will need to check with the store manager because I don't have enough in my till to give you your change. The bill was snatched up and quickly departed the store.

 

$100. High denomination notes didn't really circulate. They were primarily used to transfer money between banks. That's another reason why I think the OP is a fake note.

 

That is also one way how I know that certain stamps of a certain (foreign) issue in my collection are counterfeit. But I know how to tell by other means also.

 

Does your friend in the Philippones have any 1934 Federal Reserve Boxes?

 

They have fake $100,000 gold certificates there as well. Post #14 is correct.
Here's the Rutherford B. Hayes million dollar bill:

 

Probably an urban legend.

Banks take them out of circulation, but you absolutely get the face value of the note.

And you could always sell it to another collector for a premium, depending on the condition.

 

Maybe they will find it at the bottom of the Oak Island Money Pit next to the Ark of the Covenant, the Holy Grail, and the original works of Shakespeare? But not before one more person is required to die (but for some reason dying of old age doesn’t seem to count).

 

" Go to most huge coin shows and you can find a $5,000 or $10,000 bill for sale. "
Seen them many times at the Baltimore Whitman shows.
I wonder what happened to all of the traveling numismatic vendors since the pandemic? I know some of those guys did only shows not the Internet.
Wonder if they will return when/if society ever returns to normal?