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<p>[QUOTE=&quot;scottishmoney, post: 442388, member: 12789&quot;]Don&#039;t declare that cash, and it is an automatic forfeiture in the USA and most countries.&nbsp; One of the main reasons for larger paper money denominations then was when larger purchases, transfers etc. took place, there were not electronic means of transfer ie wire transfers, or even credit cards.&nbsp; </p><p><br /></p><p>For many purchases, including homes for a lot of people, personal loans did NOT exist, those came along later, beginning in the 1940&#039;s.</p><p><br /></p><p>So if you were making a larger purchase, a $7000 house or something, it was more convenient to carry 7 $1000 bills than 70 $100 bills etc.&nbsp; The $5000 denomination was usually only used in banks, and that is now the rarest denomination extent, the $10000 is actually more common than the $5000.&nbsp; There were 100 of the $10000 notes in the Ted Binion collection at the Horseshoe Casino until they were sold years ago, they are the primary source for that denomination available.</p><p><br /></p><p>Up until a few years ago the $500 and $1000 went for about $100 or so over face in VF, now they are trading quite a bit higher and even more so for better grades.</p><p><br /></p><p>Usually most people that own the $500 and $1000 are not even collectors of paper money, but keep them for the conversation value.[/QUOTE]</p><p><br /></p>

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