$500 Notes

History of the $500 Dollar Bill

The $500 dollar bill carries a rich history reflecting the evolution of American currency. First issued in 1861, it facilitated large transactions, particularly for financial institutions and businesses. Over time, the bill underwent several design changes, mirroring the artistic styles and values of each era. The portrait of William McKinley graced the $500 dollar note during its last major issuance in the late 1920s, a period when it was predominantly used for significant financial transactions. The Federal Reserve discontinued the bill's production in 1969, yet its historical significance and rarity continue to attract collectors.

Collecting $500 Paper Money

Collecting $500 paper money offers an exhilarating pursuit for numismatists and newcomers alike. The value of these rare bills hinges on factors such as condition, rarity, and collector demand. Uncirculated or pristine bills command higher prices, while those with wear may have diminished value. Additionally, certain series' historical significance can boost desirability; for example, the 1928 and 1934 series are popular due to their limited issuance.