The first recorded use of paper currency in the world is believed to have occurred in China during the Tang Dynasty (618-907 AD). The Chinese used paper money in the form of “jiaozi,” which were paper notes issued by the government that could be exchanged for gold or silver. The jiaozi were used primarily as […]
American currency went as high as $10,000…
American currency went as high as $10,000, with $5,000, $1,000 and $500 bills also in circulation. They were discontinued in 1969 for “lack of use.”
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More than $200 million in US currency was burned at both a crematorium…
More than $200 million in US currency was burned at both a crematorium and the Aiea Sugar Mill in Hawaii, due to being redeemed for HAWAII Overprint Notes – a series of banknotes issued during World War II as an emergency issue after the attack on Pearl Harbor. The intent of the overprints was to easily distinguish US currency captured by Japanese forces in the event of an invasion of Hawaii and render the bills useless.