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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.

Another million dollar bill man, this time in South Carolina 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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