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Its history is that it was printed by a novelty company. They cost a couple of dollars and are used as joke items, a lot like the "$3" bills that are printed by the same companies.
The US never printed a real million-dollar bill; the highest circulating denomination was $10,000 and the largest bills ever printed were special $100,000 gold certificates used for intra-governmental transactions.
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Earn +20 ptsQ: What is the history of the 1923 1 million dollar silver certificate?
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1924 silver dollar?
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