According to the Guinness World Record official website, the highest denomination banknote is from Hungary. So, it is not from the United States of America. Coin collectors and numismatics lovers may be keen to know more about this specimen.
Apparently, this Guinness World Record is not recent and it took place back on June 3, 1946. So, it is not unlikely that a newer bill will beat this record in the upcoming years.
Highest denomination banknote ever issued
As a matter of fact, it is the Hungarian million billion pengö note. It is also known as the 100 quintillion, that is, one with 20 zeros. The thing is you could still buy one online.
The official eBay website offers a Hungary 100 Quintillion pengo from 1946 with the largest denomination. For your information, three specimens have already been sold on this platform.
So far, as of September 2024, there are 9 available Hungary 100 Quintillion pengo from 1946. If you are interested in one of them, you can buy it now, or if you do not have enough money you can add it to the watchlist while you are saving.
How much in the Hungary 100 Quintillion pengo from 1946 worth?
On eBay, you can get this Hungary 100 Quintillion pengo from 1946 for just $660. So, if you would like to have a Guinness World Record banknote in your hands, this is the money you will need.
Do not forget that this banknote was withdrawn, so there will be no more new specimens. The reason why this banknote was printed was due to the worst case of hyperinflation in Hungary.
After that, Hungary decided to remonetize and started to issue the forint, a new currency. This new coin could be exchanged at a rate of 1 for 400 octillion pengö, that is, 4 with 29 zeros. World War II left its economy devastated so they needed these measures to make up for this huge loss.