What Are the Denominations of U.S. Currency?

What Are the Denominations of U.S. Currency?

What Are the Denominations of U.S. Currency?

The U.S. Bureau of Engraving and Printing produces paper currency in $1, $2, $5, $10, $20, $50 and $100 notes. The U.S. Mint produces six coin denominations. A penny equals 1 cent, a nickel equals 5 cents, a dime equals 10 cents, a quarter equals 25 cents, and a half dollar equals 50 cents. The dollar coin has the same value as a $1 note.

The $2 note is rare piece of currency that was originally introduced in 1862. After a period of cancellation, it was rereleased in 1976 to commemorate the nation's bicentennial. The new version contained a new illustration representing the Founding Fathers signing the Declaration of Independence. The $2 note hasn't been redesigned since 2003, and its circulation remains limited.

Since 1969, the $100 note has maintained its spot as the largest paper denomination. Previously, the U.S. government tried producing higher denominations, ranging from $500 to $10,000 notes. Due to low circulation, these notes were printed until 1945, and they were completely discontinued in 1969. From 1934 to 1935, a special $100,000 Gold Certificate note was even printed for private transactions that were carried out by Federal Reserve banks.

The half-cent, 2-cent piece and silver 3-cent piece are just a few of the coins that the U.S. government has discontinued. The 20-cent coin was issued for only three years, and the half-dime, which was produced from 1794 to 1873, was gradually replaced by the nickel 5-cent coin, which was released in 1866.