Have you ever seen a one million banknote? Here it is:
It was printed at American Bank Note Company (ABNC), and it’s real. It is printed according to all standarts of regular banknotes, but it isn’t a legal tender.
The idea of creating a $ 1 million banknote belongs to one Tari Steward, who opened the International Association of Millionaires in 1987 and began negotiations with official American authorities about the possibility of issuing such a bill. Steward wanted “his” money to be distinguished by a high artistic level and reliable protection, so he sent an order for the design and manufacture of banknotes to the American Bank Note Company (ABNC).
The design of the 1 million dollar bill is as close as possible to real money. It took 7 months to develop banknote. In the printing process, the ultramodern press of the Chicago factory ABNC was involved. Each banknote of 1 million dollars not only has an individual serial number, but is made using a special composition of paper, invisible fluorescent labels, a micro font and other security elements.
After a limited edition issue, all printing assets were destroyed. A total of 700 uncut sheets were issued. During 1989-1990, 665 full sheets were sold. In 1998, the latest stocks of IAM notes were sold and official sales were stopped.
It is possible to buy a note at a price of $110 – $65 depending on the number of purchased banknotes (details here). Banknotes were sold in transparent cases to protect against damage. Each kit also included a certificate, an envelope with gold stamping and an information booklet. Today, a bill of $ 1 million IAM is a collectible and a kind of “ticket” to the club of millionaires.