Search results
Results from the WOW.Com Content Network
The last $500 bill rolled off the presses in 1945, and it was formally discontinued 24 years later. The $500 bill remains legal tender, but most of them are in the hands of dealers and...
The United States five-hundred-dollar bill (US$500) (1861–1945) is an obsolete denomination of United States currency. It was printed by the US Bureau of Engraving and Printing (BEP) beginning in 1861 and ending in 1945.
Large-denomination currency (i.e., banknotes with a face value of $500 or higher) [1] had been used in the United States since the late 18th century. [2] The first $500 note was issued by North Carolina , authorized by legislation dated May 10, 1780. [ 3 ]
Depending on their year, condition, and unique features, some $500 bills can sell for thousands or even millions of dollars! In this comprehensive guide, we‘ll explore the most valuable types of $500 notes and reveal what makes them so special.
As large transactions between banks, governments, and wealthy individuals increased in the 19th century, $500 bills facilitated moving money more efficiently. A bank transferring $50,000 could use one hundred $500 notes rather than five thousand $10 bills – much easier to count and transport!
How much is a $500 bill worth? The $500 bill is a discontinued denomination but still legal tender. The bill features a portrait of President William McKinley. The bill was discontinued primarily due to low usage and high production costs.
There are $500 bills, $1000 bills, and even bills as high as the $100000 gold certificate. However, these bills aren’t going to be part of your change at the supermarket. In fact, they are difficult to find at all – you can’t even get them at banks.