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<p>[QUOTE="HawkeEye, post: 2753792, member: 86305"]Actually the very large bills were pulled because they were no longer needed and were never in general circulation in any significant number. The primary use of the really large bills was daily settlement between banks for net transaction flow. When banks were able to accomplish this by wire transfer through the FED the need for the really large bills was eliminated. They were legal tender, but now only collectibles to my knowledge. No one would spend one because they are worth more as a collectible or novelty. Their value is derived by limited supply, much like a rare coin.[/QUOTE]</p><p><br /></p>
[QUOTE="HawkeEye, post: 2753792, member: 86305"]Actually the very large bills were pulled because they were no longer needed and were never in general circulation in any significant number. The primary use of the really large bills was daily settlement between banks for net transaction flow. When banks were able to accomplish this by wire transfer through the FED the need for the really large bills was eliminated. They were legal tender, but now only collectibles to my knowledge. No one would spend one because they are worth more as a collectible or novelty. Their value is derived by limited supply, much like a rare coin.[/QUOTE]
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