CLOSE
Original image

Why Is a $100,000 Bill on a Billboard in New York?

Original image

Photo by Friends of the High Line, Courtesy of John Baldessari and Marian Goodman Gallery

There's a big $100,000 bill plastered on a billboard near the High Line in New York. This raises several questions, which we'll try to answer here.

Who plastered a big $100,000 bill on a billboard near the High Line in New York?

"The First $100,000 I Ever Made" is the work of John Baldessari. The 25'-by-75' billboard is next to the High Line at West 18th Street. According to Cecilia Alemani, Curator and Director of High Line Art, it's the first in a new series called High Line Billboard.

Was there ever really a $100,000 bill?

Yes — the Series 1934 $100,000 gold certificate. The Bureau of Engraving and Printing only made these notes during a three-week stretch during December 1934 and January 1935. Even the few plutocrats who had that much cash during the Depression couldn't carry one of the $100K bills, though. They were only used for official transactions between Federal Reserve Banks, and the Treasurer of the United States only issued them to Fed banks that had an equal amount of gold in the Treasury. The note featured a picture of Woodrow Wilson.

What other big bills has the U.S. issued?

high-denomination-currency

In 1928, the federal government overhauled its system of printing banknotes. It shaved about an inch of length and just under a half of an inch in width off of the bills and issued the new smaller bills in the $1 to $100 denominations with which we're familiar. However, the Treasury also issued larger denominations. They featured William McKinley ($500), Grover Cleveland ($1,000), James Madison ($5,000), and Salmon P. Chase ($10,000).

Who the heck was Salmon P. Chase?

chase-10000

His name might not be as familiar as those of the Presidents featured on the other big bills, but once upon a time Chase was a big wheel in American politics. Chase, a mid-19th century politician, served as Chief Justice of the United States, spent stints as Ohio's governor and senator, and was Lincoln's first Secretary of the Treasury.

Nice resume. But how did Chase end up on the $10,000 bill?

He was in the right place at the right time. When the federal government started issuing greenback notes in 1861, Chase, as Secretary of the Treasury, was in charge of designing and popularizing the new currency. The politically ambitious Chase had to pick a portrait subject for the first $1 bill, and he chose ... Salmon P. Chase.

Although putting his face in everyone's pocketbooks never propelled Chase to the presidency, when the Treasury started issuing the new $10,000 bills in 1928 they put Chase's portrait on the obverse to honor the man who helped introduce modern banknotes.

Even if you don't have a $10,000 bill Chase's name might still be in your wallet. Chase National Bank, the forerunner to Chase Manhattan Bank, was named in his honor.

Why on earth was the government printing such giant bills in the first place?

Believe it or not, it wasn't just to save space in fatcats' wallets. When the Treasury started printing these giant bills, their main purpose was making transfer payments between banks and other financial institutions. Before sophisticated wire transfer systems were fully developed, it was apparently easier and safer just to fork over a $5,000 bill to settle up with a fellow bank. Once transfer technology became safer and more secure, there really wasn't much need for the big bills anymore.

Are any of these bills left in circulation?

There are, but don't expect to find a $500 bill the next time you make an ATM withdrawal. The Treasury announced on July 14, 1969, that it would quit issuing the $500, $1,000, $5,000, and $10,000 notes immediately, since the bills were so sparsely circulated. It's not like the Bureau of Engraving and Printing had to stop the presses, either; the bills hadn't seen an actual print run since 1945.

When the Treasury discontinued the bills, they rapidly fell out of circulation. However, a few are still lingering; as of May 2009, there were still 336 $10,000 bills at large. At the same time, Slate reported that there were also 342 $5,000 bills and 165,732 $1,000 bills still floating around.

If they're out of circulation, can you still spend them?

Although the Treasury is no longer issuing these bills, according to the Fed they're still legal tender. So yes, although it would probably raise some eyebrows, you could walk into Best Buy and plunk down a $1,000 bill to pay for a new plasma TV.

That wouldn't be the smartest move, though. Most of the high-denomination bills that are left in circulation are in collectors' safes, and at auction the bills tend to fetch prices that far exceed their face values. For instance, a pristine $10,000 bill can command a price as high as $140,000 on the open market.

What happens if you bring one of these big bills to a bank?

If you put it in your safety deposit box, your bill will be safe. Chase Bank actually acquired one of the $10,000 bills in its currency collection when a deceased customer's family found the bill in her deposit box and traded it for $10,000 in cash. Deposit the historical loot into your checking account, though, and it's bad news for the bill. You'll get the cash deposited in your account, but since the 1969 order to stop distributing these bills, Fed banks have been pulling the notes from circulation and destroying them whenever they are received.

Of course, there are other potential pitfalls to depositing a big bill, like blowing your cover when you're on the lam. Last February, three teenagers in Texas Township, Michigan, swiped one of their parents' safes and drove to Birmingham, Alabama, with their booty. Their downfall came when they tried to change an antique $1,000 bill from the safe at a bank. The police nabbed the thieves after a call from a suspicious teller.

So there was never a real $1 million bill?

million-dollar-billNope, but that doesn't mean that people haven't tried to make one. In 2004, a woman in Covington, Georgia, tried to pick up a $1,675 tab at a local Wal-Mart with a forged $1 million bill featuring a picture of the Statue of Liberty. Police quickly arrested her. It's hard to say what's more ludicrous: trying to pass off a million-dollar bill or thinking that Wal-Mart would just fork over $998,325 in change.

Someone gave me a fake $1 million bill as a joke"¦was that illegal?

As long as you don't try to spend it or deposit it, you're in the clear. Gag makers and some religious and political groups have printed novelty $1 million bills for decades. In 1982, these novelty bills came to the attention of the Secret Service, which ruled that since there wasn't a real $1 million bill, these joke versions weren't technically forgeries or violations of any laws.

Where can I find out more about that billboard and the artist?

Try here.

Original image
Giovanni Rufino - © 2012 The CW Network, LLC. All Rights Reserved
arrow
entertainment
XOXO: 20 Things You Might Not Know About Gossip Girl
Original image
Giovanni Rufino - © 2012 The CW Network, LLC. All Rights Reserved

Ten years ago, Gossip Girl became appointment television for America’s teenagers—and a guilty pleasure for millions more (whether they wanted to admit it or not). Like a new millennium version of Beverly Hills, 90210, the series—which was adapted from Cecily von Ziegesar’s book series of the same name—saw The O.C.’s Josh Schwartz and Stephanie Savage trade in their west coast cool for New York City style as the show followed the lives of a group of friends (and sometimes enemies) navigating the elite world of prep schools and being fabulous on Manhattan's Upper East Side. In honor of the series’ tenth anniversary, here are 20 things you might not have known about Gossip Girl.

1. IT WAS SUPPOSED TO BE A LINDSAY LOHAN MOVIE.

Originally, the plan for adapting Gossip Girl wasn’t for a series at all. It was supposed to be a feature film, with Gilmore Girls creator Amy Sherman-Palladino writing the script and Lindsay Lohan set to star as Blair Waldorf. When those plans fell through, the producers approached Josh Schwartz—who was just wrapping up work on The O.C.—about taking his talent for creating enviable high school worlds to New York City’s Upper East Side.

"The books are a soap opera, and TV makes a lot of sense," executive producer Leslie Morgenstein told Backstage of the decision to go the small-screen route. "When we made the list of writers who would be the best to adapt Gossip Girl for television, Josh was at the top of the list."

2. PENN BADGLEY INITIALLY TURNED DOWN THE ROLE OF DAN HUMPHREY.

Barbara Nitke - © 2012 THE CW Network, LLC. All Rights Reserved.

Though he was hardly a household name when Gossip Girl premiered, Penn Badgley had been acting for nearly a decade—and had a lot of experience working on first season TV shows that never took off—when he was offered the role of Brooklyn outsider Dan Humphrey, and his initial response was: thanks, but no thanks.

“The reason I turned it down initially was because I was just frustrated,” Badgley told Vulture in 2012. “I was frustrated and I was broke and I was depressed and I was like, ‘I cannot do that again. I can't.’ … Stephanie Savage, the creator [of Gossip Girl], she said to me, ‘I know you might not want to do this again, but just take a look at it.’ And I actually was like, ‘I appreciate so much that you thought of me. I just don't want to do this. Thank you for understanding that I wouldn't want to do this.’ And then they couldn't find anybody for it—which is weird, because a million people could play Dan Humphrey—and she came back around, I was about to get a job as a waiter, and I was like, ‘Okay.’”

3. ULTIMATELY, BADGLEY PROBABLY WISHES HE HAD FOLLOWED HIS INITIAL INSTINCT.

Badgley told Vulture that, “I wouldn't be here without Gossip Girl, so I will always be in debt and grateful. And I've said some sh*t that ... I don't regret it, but I'm just maybe too honest about it sometimes.”

But executive producer Joshua Safran had a different view on the situation. “Penn didn’t like being on Gossip Girl, but …. he was Dan,” Safran told Vanity Fair. “He may not have liked it, but [his character] was the closest to who he was.”

4. THE CREATORS GOT THE IDEA TO CAST BLAKE LIVELY FROM THE INTERNET.

According to Vanity Fair, when it came time to casting the show’s main roles, they cruised some of the online message boards related to the Gossip Girl book series to see which actors fans of the books were suggesting. One name they kept seeing for the role of Serena van der Woodsen: Blake Lively, who had starred in The Sisterhood of the Traveling Pants. “We didn’t see a lot of other girls for Serena,” Schwartz said. “She has to be somebody that you believe would be sitting in the front row at Fashion Week eventually.”

5. LIKE BADGLEY, LIVELY WAS ON THE VERGE OF QUITTING ACTING.

© 2008 Warner Bros. Television

Like her onscreen (and eventually off-screen) love interest Penn Badgley, Blake Lively was also considering leaving Hollywood when Gossip Girl came calling, so she turned the producers down.

“I said, ‘No, I want to go to college. Thank you, though,’” Lively told Vanity Fair. “Then they said, ‘OK, you can go to Columbia [University] one day a week. After the first year [of the show], it’ll quiet down. Your life will go back to normal and you can start going to school. We can’t put it in writing, but we promise you can go.’ So that’s why I said, ‘OK. You know what? I’ll do this.’”

As for that going back to school and life going back to normal? “When they say, ‘We promise, but we can’t put it in writing,’ there’s a reason they can’t put it in writing,” she said.

6. LEIGHTON MEESTER DYED HER HAIR TO GET THE PART OF BLAIR.

Because Blair Waldorf and Serena van der Woodsen were both best friends and occasional enemies, it was important to the show’s creators that the characters did not look like the same person. That fact almost cost Leighton Meester the role of Blair.

“She came in and she was really funny, and really smart and played vulnerable,” Schwartz recalled of Meester’s audition. “But there was one problem: she was blonde. And Blake was blonde, obviously; Serena had to be blonde. So, [Leighton] went to the sink and dyed her hair. She wanted it.’” (Sounds like something Blair would do.)

7. THE NETWORK WORRIED THAT ED WESTWICK LOOKED LIKE A “SERIAL KILLER.”

Giovanni Rufino - © 2012 THE CW Network, LLC. All Rights Reserved

Ed Westwick, who originally auditioned for the role of Nate Archibald but ended up playing bad boy Chuck Bass, almost didn’t land a role on the show at all. Though the show’s co-creators, Schwartz and Savage, loved the darker edge that Westwick brought to the group of friends, The CW worried “that he looked more like a serial killer than a romantic lead.”

“He's menacing and scary, but there's a twinkle in his eye,” casting director David Rapaport told BuzzFeed. “You want to hate him, but you would also probably sleep with him. He's one of those guys you hate for always getting away with things, but you also want to hang out with him and see what he's up to next. He's the guy that's going to give you a joint for the first time or get you drunk for the first time, so you know he's wrong for you, but he's fun.” Fans clearly agreed.

8. WESTWICK CHANNELED HIS INNER CARLTON BANKS TO PLAY CHUCK BASS.

In order to perfect his posh American accent, Westwick—who was born in London—looked to another iconic American television character for help: The Fresh Prince of Bel-Air’s Carlton Banks (Alfonso Ribeiro). “There’s a slight thing in Carlton Banks,” Westwick told Details Magazine in 2008, “that kind of über-preppy, that I did pick up on.”

9. GRETA GERWIG AUDITIONED FOR THE SHOW … IN OVERALLS.

In 2015, Golden Globe-nominated actress Greta Gerwig—who just wrote and directed Lady Bird, starring Saoirse Ronan—talked to HuffPost Live about the mistakes she made early on in her career as an actress. “I have had moments when I was starting out when I was auditioning for things like Gossip Girl," she said. “And they would look at me like, 'Why are you wearing overalls to this audition?' And I'd be like, 'They said she was from a farm!' and they would be like, 'Well, this is Gossip Girl.’” (The role she was auditioning for, Eva Coupeau—a love interest for Chuck—eventually went to Clémence Poésy, who played Fleur Delacour in the Harry Potter movies.

10. BLAIR WALDORF HAD TWO MOMS.

© 2008 Warner Bros. Television

In Gossip Girl’s pilot episode, Blair’s mom—popular women’s clothing designer Eleanor Waldorf—was played by Florencia Lozano. In episode two, and throughout the rest of the series, Eleanor was portrayed by Margaret Colin.

11. IT WAS ONE OF TELEVISION’S FIRST STREAMING SUCCESS STORIES.

Years before House of Cards changed the way we watch, and even define, “television,” Gossip Girl served as a sort of precursor to the streaming generation. While the show’s Nielsen ratings were mediocre, New York Magazine reported that, “New episodes routinely arrived at the No. 1 most-downloaded spot on iTunes, and then there were the hundreds of thousands who were downloading free week-old episodes on the CW's site. Even executives at Nielsen threw up their hands and admitted that Gossip Girl appeared to be speaking to an audience so young and tech-savvy they hadn't really figured it out just yet.” (Lost and The Office had followed similar tracks.)

12. THE SHOW WAS BANNED BY SOME NEW YORK CITY SCHOOLS.

Giovanni Rufino - © 2012 THE CW Network, LLC. All Rights Reserved.

According to Vanity Fair, some of the elite New York City private schools that might have shared some similarities with the show’s fictional Constance Billard and St. Jude's banned their students from watching it. (Which, the outlet noted, “only served, in all likelihood, to make the students want to watch it more.”)

13. THE SERIES TURNED ITS CRITICISMS INTO A MARKETING CAMPAIGN.

Even by 2007’s standards, Gossip Girl—for a show about high schoolers on what was mainly known as a teen-friendly television network—seemed to relish in pushing the boundaries of what might be acceptable. It didn’t take long for parental advocacy groups like the Parent Television Council to take very public, and vocal, issue with the show's in-your-face sexuality. When it was criticized as being “mind-blowingly inappropriate” and “every parent’s nightmare,” the show turned those critiques into a marketing campaign to help promote viewership.

14. A WRITERS STRIKE HELPED THE SERIES GROW ITS VIEWERSHIP.

While the show struck a chord with certain audiences immediately upon its release, the 2007-2008 Writers Guild of America Strike proved to be a boon to the series. “The CW, because they couldn’t just run repeats or game shows, [Gossip Girl is] all they had,” Schwartz told Vanity Fair. “They kept re-running the show during the strike so more and more people were watching.” Which led to even higher ratings when the show returned for a second season.

15. DESIGNERS WERE BEGGING TO SEE THEIR FASHIONS WORN ON THE SHOW.

Giovanni Rufino - © 2012 THE CW Network, LLC. All Rights Reserved.

Just like New York City itself, the fashions in Gossip Girl essentially served as another character. According to a 2008 article in The New York Times, “Merchants, designers, and trend consultants say that Gossip Girl … is one of the biggest influences on how young women spend."

“When we came back with Season 2, so many designers were lining up and wanting to be a part of it,” the show’s costume designer Eric Daman told Vanity Fair. “They wanted their stuff on either Blake or Leighton.”

16. IT SPAWNED ITS OWN CLOTHING LINE.

To capitalize on the show’s influence in the fashion world, Daman and designer Christine Cybelle (a.k.a. Charlotte Russe) created a Gossip Girl-inspired clothing line.

17. KRISTEN BELL PLAYED AN ESSENTIAL PART OF THE SERIES, BUT WAS NEVER CREDITED.

Though viewers had to watch all 121 episodes of Gossip Girl to learn the identity of the titular tattler, Kristen Bell provided the voice for “Gossip Girl” for all six seasons, without credit. And while she sort of hoped that the finale would have revealed that she was indeed “Gossip Girl” all along, that ending was not meant to be. “I’m sure that it would’ve been really cool had I got to play some vicious part and actually come out as Gossip Girl, but I think it was appropriate for one of the main cast members to have surfaced as Gossip Girl,” she told Perez Hilton.

Though she was a key part of the series, she didn’t learn GG’s true identity until the very end of the show—and she was surprised. “I don’t know that I ever forethought it being Dan,” she admitted. “That was a bit of a shocker!" (If it makes her feel any better, Badgley reportedly didn’t learn Gossip Girl’s identity until that scene was actually shot.)

18. JANUARY 26 IS "GOSSIP GIRL DAY" IN NEW YORK CITY.

© 2008 Warner Bros. Television

At least it was in 2012, when then-Mayor Michael Bloomberg proclaimed January 26 “Gossip Girl Day” in celebration of the show’s 100th episode. “I don’t have a whole lot of time to follow what New York magazine has called ‘The Greatest Teen Drama of our time,’” Bloomberg said. “But I am interested in finding out who the real Gossip Girl is—Serena’s cousin, maybe? And I don’t see how Blair could marry Prince Lewis while she is clearly in love with Chuck, although she and Dan became pretty close when they interned at that fashion magazine. And I just wish that Nate and Vanessa had been able to work things out, I guess Nate was preoccupied with everything that was going on with his father and Jenny and, I mean, it was a tangled web, I guess Dan would have ended up making their relationship impossible anyway, but I’m just a casual fan.” 

Super-fans of the show can still take a Gossip Girl tour of New York City.

19. IVANKA TRUMP AND JARED KUSHNER MADE A CAMEO.

Over the full course of the series, plenty of familiar faces popped up, but two in particular seem kind of funny in retrospect: Ivanka Trump and Jared Kushner played themselves in a club scene. (Ivanka was apparently a huge fan of the series.) “They did it for the money,” a chuckling Schwartz told Vanity Fair.

20. IN AN ALTERNATIVE UNIVERSE, SERENA IS A SERIAL KILLER.

In 2002, von Ziegesar published a bloody take on her famed book series with Gossip Girl: Psycho Killer, which she said she’d love to see adapted. "I took the original text of the first book and whenever I saw an opportunity, I layered in this story of Serena coming back from boarding school as this coldblooded psychopath, which, to me makes total sense,” von Ziegesar told Entertainment Weekly. “She’s sort of like the Ryan Gosling of Gossip Girl world. She has that deadpan style, doesn’t seem to have much personality, and she’s really gorgeous, but then underneath she has this kind of scary ability to kill people. So she’s murdered people up at boarding school. She’s always had this dark side and everyone is a little bit scared of her.”

Original image
Natasha Zinko
arrow
This Just In
This Jeans-Inside-Your-Jeans Look Will Cost You $695
Original image
Natasha Zinko

Besides a few updates here and there, the classic style of denim blue jeans hasn’t changed much since the late 19th century. Now, a London-based fashion designer wants to disrupt the wardrobe staple. Their revolutionary new idea? A second waistband sewed on top of the first one.

According to Mashable, these high-waisted double jeans from Natasha Zinko are retailing for $695. Wearing the pants makes it look like you forgot you already had jeans on and put on a second pair on top of them. But buying two pairs of designer jeans to wear at once would probably be less expensive than owning this item. The double jeans are actually one garment, with the high-waisted inner pair stopping at the hips. Boasting seven pockets, they’re not entirely impractical, but having to undo two sets of buttons and zippers sounds like more trouble than it’s worth.

Model wearing double jeans.
Natasha Zinko
There is a market for high-end blue jeans disguised as fashion crimes, as Nordstrom proved earlier this year with their $425 pants covered in fake dirt. The Natasha Zinko double jeans have already sold out on shopbop.com.

[h/t Mashable]

SECTIONS

arrow
LIVE SMARTER
More from mental floss studios