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“The United States has never issued a million dollar bill. However, many businesses print million dollar bills for sale as novelties. Such bills do not assert that they are legal tender. The Federal Reserve has declared them legal to print or own and does not consider them counterfeit because no genuine million dollar bill exists or ever has existed. At least one vendor printed the bills using the same intaglio printing process and cotton rag stock as actual currency, using the American Bank Note Company as their printing contractor.
In March 2004, Alice Regina Pike attempted to use a novelty $1,000,000 bill with a picture of the Statue of Liberty on the front to purchase $1671.55 in goods from a Wal-Mart in Covington, Georgia, and then she asked for change. She was arrested on a charge of forgery.
In October 2007, Samuel Porter tried to get change for a million dollar bill at a Giant Eagle store in Pittsburgh, Pennsylvania. The store manager confiscated the bogus bill and Mr. Porter flew into a rage. He slammed an electronic funds-transfer machine into the cashier’s counter and reached for a scanner gun at the store. He was later arrested and charged for forgery and he served time at the Allegheny County Jail. The US Secret Service was also investigating this case."