Another million
dollar bill man, this time in South Carolina
Alexander D. Smith is the
latest to try and put a fake one million dollar bill in
circulation.
Reading the news could help you avoid serious trouble, but
obviously Alexander D. Smith from Aiken, South Carolina, failed
to learn the lesson from the Pittsburgh one million dollar bill
man. According to the Aiken County Sheriff's Office, Smith
attempted to open a bank account at Regions Bank in Clearwater,
South Carolina with a counterfeit one million dollar bill. As
expected, the clerk did not accept the substantial deposit and
called the cops. Alexander D. Smith was arrested and charged
with disorderly conduct and forgery. This story is quite similar
to the Pittsburgh $1 million bill (read
the full story here), but while the Pittsburgh guy
tried to unload the large denomination at a grocery store, Smith
tried to "sell sand to the Arabs".
Currently in circulation the highest
dollar bill is with a face value of $100, although the largest
denomination of currency ever printed was the $100,000 Series
1934 Gold Certificate featuring the portrait of President
Wilson, but never released for public circulation, only for
official transactions between Federal Reserve Banks. Currency in
denominations of $500, $1,000, $5,000 and $10,000 were pulled
out of distribution in 1969, however, these notes are legal
tender and may still be found in circulation today. According to
the U.S. Treasury, the most common "one million dollar bill" is
a nonnegotiable platinum certificates known as a "One Million
Dollar Special Issue", originally sold by a Canadian firm for
$1.00 each as a collectible item and are not redeemable.
Published on
11/28/2007
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