The president featured on the rare $100,000 bill is Woodrow Wilson, who served as the 28th President of the United States.
Understanding the $100,000 Gold Certificate
The $100,000 bill, officially known as a Gold Certificate, is one of the highest denomination notes ever printed by the United States. Unlike standard currency intended for public circulation, these bills had a very specific purpose and were not generally accessible to the public.
Purpose and Usage
These high-value bills were primarily used for official transactions between Federal Reserve Banks. This means they facilitated large-scale transfers of funds within the banking system, rather than being used by individuals for everyday purchases. Their existence streamlined the movement of significant sums of money, predominantly backed by gold reserves held by the U.S. Treasury.
Rarity and Collector Value
Production of the $100,000 Gold Certificates ceased in 1945, and they were never issued for general public use. Today, these remarkable bills are exceptionally rare and are primarily sought after by collectors. Due to their historical significance and scarcity, their market value far exceeds their face value, making them valuable numismatic items.
Key Facts About the $100,000 Bill
To summarize the unique aspects of this historic banknote:
| Feature | Description |
|---|---|
| Denomination | $100,000 |
| President | Woodrow Wilson (28th U.S. President) |
| Type of Bill | Gold Certificate |
| Primary Use | Transactions between Federal Reserve Banks |
| Public Release | Never issued for public circulation |
| Current Status | Extremely rare, highly sought by collectors |
| Value Today | Significantly more than face value to collectors |
The $100,000 bill with Woodrow Wilson's portrait remains a fascinating piece of American monetary history, representing an era when high-denomination currency played a crucial role in inter-bank financial operations.
