The United States issues paper currency and coins to pay for purchases, taxes, and debts.
American paper currency come in seven denominations: $1, $2, $5, $10, $20, $50, and $100. The United States no longer issues bills in larger denominations, such as $500, $1,000, $5,000, and $10,000 bills. But they are still legal tender and may still be in circulation. All U.S. currency issued since 1861 is valid and redeemable at its full face value.
Design and Security Features of Paper Money
The Bureau of Engraving and Printing (BEP) manufactures paper money. It also redesigns money, with new appearances and enhanced security features. BEP includes security features to prevent counterfeiting. Purchase commemorative or bulk versions of American currency through the Bureau's Money Store.
The United States issues several denominations, with the most common being: 1¢, 5¢, 10¢, 25¢, 50¢, and $1. The U.S. Mint manufactures and circulates coins to pay for goods and services. It also issues collectible and commemorative coins for sale. These coins honor a person, place, or event.
If you have paper money that is extremely damaged, you can redeem it with the BEP. Examples of damaged paper money include:
- Bills that are less than one half of the bill
- Bills in such a condition that you're unable to tell the denomination.
Redeem bent or partial coins through the Mutilated Coin Redemption Program.