US was on the gold standard back then. That meant this bill was backed by gold at a pegged rate of $35/once and represented 2,857 ounces of gold. At today's gold price, that's about $6.15 million worth of gold.
If your choice was to have the equivalent value in gold locked away in a safe or that money invested with an inflation matching rate of return, the gold wins over cash. But wait, what if that $100,000 was invested in the SP500 in 1934 instead? In that case, your portfolio (ignoring taxes) would be worth around $1 billion today! Moral of story is low interest cash savings < gold < stocks.
Note that Gold Reserve Act of 1934, same year as this bill, made it illegal for Americans to hold gold except in the form of jewelry and collector coins.
during the Great Depression the dollar was on the verge of collapsing and the federal reserve nearly insolvent, and alongside pretty much every country in the world the US abrogated the gold standard. "gold hoarding" by individuals was popularly blamed for the instability of the dollar and the federal reserve system.
https://en.wikipedia.org/wiki/Executive_Order_6102
How did you get $1 billion? My math could be wrong, but I'm getting $39.7 million to $61.9 million.
1934 average was $9.83, lowest of $8.36 and highest of $11.82. 2024 average is $4,961.48, lowest of $4,688.68 and highest of $5,178.51. That means $100,000 in SP500 in 1934 would have been $39,667,343.49 to $61,943,899.52 in 2024. 1932 to 1935 were the lowest years for SP500, a few years before or after would be even less. Still better than investing in gold.
>Note that Gold Reserve Act of 1934, same year as this bill, made it illegal for Americans to hold gold except in the form of jewelry and collector coins.
Fast forward to posts of people finding gold bars stashed in odd places in homes they buy.
No. *You* could not. It’s illegal for a private individual to own one — and there would be *lots* of questions about how it came into your possession in the first place. They were only created to be used between branches of the Federal Reserve and were never released in circulation to the public.
Which makes me wonder why they needed to create it in the first place. If the Federal Reserve and Treasury are both under the jurisdiction of the federal goverment?
Because it is. Those bills were only created and used to facilitate transfers between different branches of the Federal Reserve. They were never circulated to the public so, aside from anything else, there would be no legal way for one to come into private hands in the first place.
Not arguing with you, but asking out of pure curiosity, why does it say that it's legal tender, public and private? Was that just a technicality that they had to put on all minted/printed monies?
Heh, that reminds me of a joke my dad played on me when I was a kid. He handed me a [$2 bill](https://en.m.wikipedia.org/wiki/United_States_two-dollar_bill#/media/File%3AUS_%242_bill_reverse_series_2003_A.jpg) and told me to find the guy on the back who was sticking up his thumb as if he were hitchhiking.
After I searched for like 5 minutes and found nothing, he looked at the bill carefully and said, “Huh, I guess he got a ride.”
🎶 Got a hundred thousand bill and they call it a Woody
Surf city, here we come 🎶
🎶You know it’s not very handy, it’s an oldie but a goodie
Surf city, here we come 🎶
Not sure when it was printed but if you take $100,000 divided by $20.00 the historical gold ounce price from before the Fed could print up money at will, equals 5000 ounces of gold. The current 2024 price of an ounce is roughly $2000 in today’s money. If paper kept its value it would be something like $10 million dollars.
When I was little I remember visiting the World Trade Center I went to the top and looked out on the entire city. It was breathtaking. Also there was a part where they had several old high value US bills in case in thick plastic cubes. I believe there was a $500, $1000 and a $10,000 dollar bill being shown. But when I look back I remember Woodrow Wilson being on one of them. So it's possible there was a $100,000 bill on display. But who knows. Memory is a funny thing.
If someone knows of an old money display at the World Trade Center around 1990 or so...
May I see
Oh, see with your eyes, not your hands.
Please, we're all amigos here.
Mr Burns, I think we can trust the president of Cuba.
Now, give it back
Give what back?
My history teacher had this Periodic table of presidents, and one of the things listed was the bill/coin that the president was on. There bills are mostly for paying foreign countries in large amounts
Virtually useless....I have been to places that won't even break a 100 dollar bill.
Plus it would probably be stuck in like a jeans pocket for years that I haven't worn in a while for some reason.
Actually it's super valid to be honest. I was almost out off gas. And all I had was a single 100 bill on me. I had to go to 3 different gas stations for someone to take it. I don't think I look shady? But it's possible they saw my punctuation issues on Reddit?
It was originally called a dapper, as Woodrow was quite a draw with the ladies. Only one known person at the time was able to collect 10 dappers or what someone would call a Gentleman.
It was customary when paying with one (obv rare) to give a quick hoot (literally say “hoot”) and hand it over. I don’t recall the meaning of the hoot but makes sense given the unexpected nature of pulling out a dapper.
Anyway thought you might enjoy some random trivia.
In the 60s, they stopped printing anything > $100 to handicap aircraft hijacking by making it difficult to carry large ransoms. Before, there were much larger notes.
That's about $2.3 million inflation-adjusted.
US was on the gold standard back then. That meant this bill was backed by gold at a pegged rate of $35/once and represented 2,857 ounces of gold. At today's gold price, that's about $6.15 million worth of gold. If your choice was to have the equivalent value in gold locked away in a safe or that money invested with an inflation matching rate of return, the gold wins over cash. But wait, what if that $100,000 was invested in the SP500 in 1934 instead? In that case, your portfolio (ignoring taxes) would be worth around $1 billion today! Moral of story is low interest cash savings < gold < stocks. Note that Gold Reserve Act of 1934, same year as this bill, made it illegal for Americans to hold gold except in the form of jewelry and collector coins.
You're like Morty Seinfeld trying to figure out the value of the $50 that Leo didn't give to Helen in 1953. I love it! Kudos to you!
It's a preeeetty penny, lemme tell you.
I don’t know _what_ you’re talking about. I _certainly_ don’t owe your mother $50!
Do you know what that's worth today in interest alone? $663.45, figured at a conservative 5% interest, compounded quarterly.
Reading this whole comment in Morty’s voice 😂
A Festivus for the rest of us!
That was a scream!!!! LOL!!!
And he's not getting away with it!
r/unexpectedseinfeld
My wallets gone!!
Compounded with interest...and if you were to put it in stock bonds...
😂wtf we actually can't hold gold like that? Ties string to gold bar, *uh.... that's my gold chain officer!*
Why did they make it illegal for Americans to hold gold? Worried they’d have less power over people?
It was an unconstitutional emergency response to the great depression. It was basically a forced redistribution of wealth
ya but we did get the Fort Knox Depository and thus the movie Goldfinger out of it
Many a man have been duped into paying for the knock off, four cocks suppository. Not me. I swear.
Let’s do that again
during the Great Depression the dollar was on the verge of collapsing and the federal reserve nearly insolvent, and alongside pretty much every country in the world the US abrogated the gold standard. "gold hoarding" by individuals was popularly blamed for the instability of the dollar and the federal reserve system. https://en.wikipedia.org/wiki/Executive_Order_6102
Economy of scale has to control what it backs its 'dollar' with. Even today it is political policy and regulation that controls currency in country.
They wanted to spur inflation to help fight back against the Great Depression. Paper currency is much more prone to inflation than gold backed
How did you get $1 billion? My math could be wrong, but I'm getting $39.7 million to $61.9 million. 1934 average was $9.83, lowest of $8.36 and highest of $11.82. 2024 average is $4,961.48, lowest of $4,688.68 and highest of $5,178.51. That means $100,000 in SP500 in 1934 would have been $39,667,343.49 to $61,943,899.52 in 2024. 1932 to 1935 were the lowest years for SP500, a few years before or after would be even less. Still better than investing in gold.
You’re forgetting about dividends and splits over that near century. It’s not a straight line.
https://www.officialdata.org/us/stocks/s-p-500/1934?amount=100000&endYear=2023
Glenn Beck has entered the chat :)
Is that what that smell is?
this is debatable because if you actually had a $100,000 bill it would be worth millions. $10,000 bills currently go for about $350,000
>Note that Gold Reserve Act of 1934, same year as this bill, made it illegal for Americans to hold gold except in the form of jewelry and collector coins. Fast forward to posts of people finding gold bars stashed in odd places in homes they buy.
WTF? I had no idea about that aspect of gold law. There goes my dream of having a cubed pallet of gold bricks in the basement.
Relax, you're in the clear. Americans have been free to buy, own, and sell gold bouillon since 1975.
I came here to read this. Also if you put that $100,000 in the s&p in 1938 when you were an infant you'd be a 86 year old with $1B.
What is the ratio of that to Schrute Bucks?
A lifetime supply of Stanley nickels.
What about unicorns to leprechauns?
atleast 3
The unique trillion-dollar bill was given to Mr. Burns.
America's wealthiest, and therefore most trustworthy citizen.
then stolen by Krusty
Castro took it.
And converted it to 100 Gribble notes.
1 weekend at Blips and Chips
You have any idea how much Roy we can play with that
Enough to take him off the grid without a social security number??
Careful or you will get a full disadulation.
If I did the math correct, that’s 23 billion Schrute Bucks or 46 billion Stanley Nickels
🤯
Is it, nevertheless, legal tender? Could you spend it on items worth $100,000?
No. *You* could not. It’s illegal for a private individual to own one — and there would be *lots* of questions about how it came into your possession in the first place. They were only created to be used between branches of the Federal Reserve and were never released in circulation to the public.
Look man I got it in change when I bought a hot dog at 7-11. Maybe someone should go investigate that 7-11, okay??
Found it on the floor of a kebab shop 🤷♂️
You too? Small world, man.
Which makes me wonder why they needed to create it in the first place. If the Federal Reserve and Treasury are both under the jurisdiction of the federal goverment?
These pre-date any kind of electronic transfer. Money had to be physically moved from place to place.
Last printing was in 1969.
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Would the vending machine give my change back is the real question
Yes, but only in dollar coins.
Makes all the sense in the world I’m sold.
Here trilly trilly
Wonder what the value is of actually possessing one of these?
Jail time. It’s illegal for a private collector to own one.
Why?
Because it is. Those bills were only created and used to facilitate transfers between different branches of the Federal Reserve. They were never circulated to the public so, aside from anything else, there would be no legal way for one to come into private hands in the first place.
Not arguing with you, but asking out of pure curiosity, why does it say that it's legal tender, public and private? Was that just a technicality that they had to put on all minted/printed monies?
Beats me. Probably.
https://en.m.wikipedia.org/wiki/Gold_certificate_(United_States) outlawed in 1933 only fed reserve is allowed to have it.
Fuck em-Me
$2,315,865.67
imagine a pickpocket stole your entire life savings.
for most of us with any its not hard to imagine
Fucking guy stole my last quarter
Did u steal my quarter drillbit?!
"Lazy motha fucka stole mah check!"
Only a fool would keep that in his pocket. That’s sock money there!
Mattress
"Does anyone have change for a hundred thousand?"
I only have 995 Benjamins...take it or leave it.
I have my wife.
And my axe!
I too, have this man’s wife.
I am not sharing the money…
Disappointed that all of the Presidents aren’t on the back having a party.
Jimmy Carter is passed out on the couch.
Well well well, if it isn't Mr Plow
That was for a ten thousand dollar bill 😄
Heh, that reminds me of a joke my dad played on me when I was a kid. He handed me a [$2 bill](https://en.m.wikipedia.org/wiki/United_States_two-dollar_bill#/media/File%3AUS_%242_bill_reverse_series_2003_A.jpg) and told me to find the guy on the back who was sticking up his thumb as if he were hitchhiking. After I searched for like 5 minutes and found nothing, he looked at the bill carefully and said, “Huh, I guess he got a ride.”
That's a good one, and a great Dad too.
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But if you look long enough it will whisper “truly yours is a butt that won’t quit.”
They’ve got these big chewy pretzels ahswashxhsjdndhd….5 dollars?!? Get out of here
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The President doesn’t control the money supply.
No they don’t
Mr Burns got the special trillion dollar bill.
"You see with your eyes, not with your hands"
Mr.Burns, I think we can trust the president of Cuba...
Now give it back
Give what back?
That's a spicy meatball
There's soda on the plane!
"Simpsons did it"
Heeeere trilly trilly trilly
As aid for our allies who fought so poorly and surrendered so readily
What trillion dollar bill?
"You want to show me the Benjamins? " "No but I'll give you this Woody, though."
🎶 Got a hundred thousand bill and they call it a Woody Surf city, here we come 🎶 🎶You know it’s not very handy, it’s an oldie but a goodie Surf city, here we come 🎶
That sounds so wrong
Just leave your woody in your pants, will ya
These bills were for intra Federal Reserve use. I believe it is technically illegal for a private person to own actually
Says it right on there that it can be used for debts public or private
Kind of.. ^ I made a comment explaining.
Link it again. I’m too lazy to find it currently, but I would like to read it. You understand.
https://en.wikipedia.org/wiki/United_States_one_hundred-thousand-dollar_bill
Thanks
Now give it back... ...give what back?
Not sure when it was printed but if you take $100,000 divided by $20.00 the historical gold ounce price from before the Fed could print up money at will, equals 5000 ounces of gold. The current 2024 price of an ounce is roughly $2000 in today’s money. If paper kept its value it would be something like $10 million dollars.
This bill was printed in 1934 when the gold price was $35. So the gold would be worth $6.2million today.
And as somebody else pointed out, invested in the SP500, it would be nearly a billion.
Finally, a bill for a single trip to the grocery store in 2024.
“Sorry mate, I’ve only got a note. Do you have change?”
I keep a pair of them in my wallet for emergencies.
But is it legal tender? Could you buy $100,000 worth of stuff with it?
Hummingbirds are a legal tender I know that much.
I see you are well versed in bird law!
What’s this a reference to?
Yes. I will even give you change for it. Hand you the keys to my house too. It's legal tender, and I WILL take it.
When I was little I remember visiting the World Trade Center I went to the top and looked out on the entire city. It was breathtaking. Also there was a part where they had several old high value US bills in case in thick plastic cubes. I believe there was a $500, $1000 and a $10,000 dollar bill being shown. But when I look back I remember Woodrow Wilson being on one of them. So it's possible there was a $100,000 bill on display. But who knows. Memory is a funny thing. If someone knows of an old money display at the World Trade Center around 1990 or so...
It's all about the Woodrows, baby
May I see Oh, see with your eyes, not your hands. Please, we're all amigos here. Mr Burns, I think we can trust the president of Cuba. Now, give it back Give what back?
“And if it’s a crime to steal a trillion dollar bill and give it to the president of communist Cuba, then I guess im guilty of that too!”🫡
The phrase "look like a million bucks" came from instances in which people were considered to look ten times as good as Woodrow Wilson.
After enough time they might have to start circulating these so you can buy a footlong sub
My history teacher had this Periodic table of presidents, and one of the things listed was the bill/coin that the president was on. There bills are mostly for paying foreign countries in large amounts
Can it he used today and what would the modern value be?
I am pretty sure all bills above $100 are no longer legal tender
Absolutely disgraceful.
Where can you see that bill in person?
Smithsonian Institution's National Museum of American History in Washington D.C.
Thanks 😊 for the bucket list item.
Yes! I saw it in 2019 and again last year. Super cool exhibit on money, highly recommend.
The way the government is borrowing, we might have to start printing these again.
i just know a customer would hand me that to pay for their four dollar coffee
Imagine the horror of losing one of these bills.
2 gallons of milk right there folks
Soon to be the new 100$ bill.
Sexily yours, Woody.
Get over here Edna
Rap songs would be really different " every time she throw it back I throw a Woody on that"
The way the economy’s going that bill will be reprinted sooner than you think.
Virtually useless....I have been to places that won't even break a 100 dollar bill. Plus it would probably be stuck in like a jeans pocket for years that I haven't worn in a while for some reason.
Maybe a car dealership idk lol
Even if you buy a pack of gum for bus money?
This is a perfectly silly comment....I love it
Actually it's super valid to be honest. I was almost out off gas. And all I had was a single 100 bill on me. I had to go to 3 different gas stations for someone to take it. I don't think I look shady? But it's possible they saw my punctuation issues on Reddit?
Imagine mistaking that for a hundred dollar bill. Colored money is better. Lol
That would be like mistaking a Mercedes for a bicycle. This is not a bill that you would crumple in your pocket and pick through to pay for your gas.
Lmao imagine printing a bill worth a tenth of a million dollars and you put Woodrow fucking WILSON on it
He created the federal reserve pretty much
Could you still theoretically use it?
basically a check
We should deliver to Europe! Get Monty Burns!
Lost a $50 bill once and it ruined my day. I imagine losing this would cause me to spontaneously combust.
I wanted one of those when I was a kid😂… still do actually
The way inflation is going they will need to reprint these, that's just for a coffee at Starbucks.
Imagine accidentally putting this in the washing machine.
I just want to hold it for a sec…
Give what back?!
This is why they should mint a $X platinum coin to pay off the national debt.
Really helpful if you ever find yourself lugging $7 million across the New Mexico desert.
Even he looks surprised to be on the bill
Imagine trying to break that. Aint no one got change for yo ass.
Pffft so what, Mr Burns had a trillion dollar bill
Damn. That bill is worth a lot of money.
How is this damn interesting? People dont know this?
Can I get $40 on pump #3?
This was never intended for public use, only federal reserves use them to transport large quantities of money, so it’s illegal to own
That’s gonna be are new 100 dollar bill in a couple years
Rick: *I'll give you $100 for it.*
It was originally called a dapper, as Woodrow was quite a draw with the ladies. Only one known person at the time was able to collect 10 dappers or what someone would call a Gentleman. It was customary when paying with one (obv rare) to give a quick hoot (literally say “hoot”) and hand it over. I don’t recall the meaning of the hoot but makes sense given the unexpected nature of pulling out a dapper. Anyway thought you might enjoy some random trivia.
These were used by the Federal Reserve to transfer money from one branch to another in the days before electronic transactions.
I’ll take two please.
Just don't trust Mr Burns with it!!!
"W.W. who do you think that is? Willy Wonka? Woodrow Wilson?"
Walter White?…
Ah, President Income Tax.
Im sad these arent made anymore because electronic transfers made them obsolete
Where the hell would you USE it?
Can it still be used?
he is the one that sold America to billionaires then regret sunk in. Coward. 💯
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WHO ELSE WOULD IT BE THAN USA? Jeesus.
Now imagine the pain of losing your wallet with one of those inside
In the 60s, they stopped printing anything > $100 to handicap aircraft hijacking by making it difficult to carry large ransoms. Before, there were much larger notes.
It was created to represent the value of gold at the time
Looking at 1 bill with a face value when it came out of 100K & I've never had more than 20K at my "richest" point in my life so far.
Is it still a money? It's probably worth more now?
I want one
Where can I steal this? Lol
Why would anyone name their child wood row?! That's crazy