During the civil war and the war of 1812, these high denomination notes were issued as the confederate currency. $500 bills from 1900 and earlier have a higher chance of being a forgery. Their issuance (186165) predates the BEP's responsibility for U.S. currency (1870s), so it is fortunate that any proofs exist in the current archives. If your 1928 gold certificate has a star symbol in the serial number or is in beyond perfect condition, the prices will be higher. Star notes are scarce, especially from series 1928 and earlier. After one year Virginia followed it by creating a $500 note of its own. There was even a $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson printed for less than a month in December 1934 and January 1935. Just starting to invest. The issuing bank can most easily be determined by looking at the black seal on the front left hand side of the note. Most were destroyed or pulled out of circulation before too many were stored away in collections. The 500 Dollar Bills were not specialty notes. Web1928 $500 Dollar Bill "William McKinley" Gold Certificate Banknote Type 2 - 100mg .999 Silver with White COA - Year: 1928 - Silver Usage: 100 Milligrams (1/10th gram) of Highly Pure .999 Silver - Denomination: $500 - Weight: 4 g - Size: Original Banknote Size - Certification: Certificate of Authenticity - Country: United States - Variety: Type 2 If you have or know someone interested in selling their $500 bill, contact us today. better than bank interest. If you have a star note then it can be quite valuable. WebFind many great new & used options and get the best deals for Series 1928 $1000 FRN AU53 PMG & Series 1934A $500 FRN EF40 PMG - Lot of 2 Notes at the best online prices at eBay! Most 1934 and 1934A series $500 star notes are worth around $6,500 in extremely fine condition. Not only is it a low serial number, Serial Number 2, but its also a Light Green Seal. I screwed up my order and they went out of their way to fix it so I received my order. This $500 bill from 1928 was graded PMG 58, meaning its About Uncirculated (AU). As the $500 bill is a collectors item. Fun fact: he was also classmates with the future president James Monroe. [7] The earliest (1861) federal banknotes included high-denomination notes such as three-year interest-bearing notes of $500, $1,000, and $5,000, authorized by Congress on July 17, 1861. Shipping your old paper money to us is easy. They will give you its face value of $500. Any $500 bill with a green seal is commonly called a Federal Reserve note. In the case of 1928 five hundred dollar bills, star notes are paramount. 12 Ways To Get Free Starbucks Drinks On A Daily Basis In 2023, What is Bitcoin? The series 1928 gold certificate reverse was printed in black and green (see History of the United States dollar). That is 12 different districts from all three Series with the exception of Series 1934A Boston $500s where none were printed. For that reason, the common $500 note series such as the 1928 and 1934 issues are not as valuable as other series. Most 1918 series $500 notes are worth around $4,250-5,000 in very good condition. Series 1934 gold certificates ($100; $1,000; $10,000; and $100,000) were issued after the gold standard was repealed and gold was compulsorily confiscated by order of President Franklin Roosevelt on March 9, 1933 (see United States Executive Order 6102). So if you have one of these bills then you'll want to get it checked out by an expert. Most 500 dollar bills that exist today are in great condition. The 1928 $500 Federal Reserve note mirrors the same design as the 1928 $500 Gold certificate. For example B00000055A. The first $500 bill ever printed was in May of 1780 by the Province of North Carolina. The faulty sheet would be immediately destroyed, and a star sheet would be printed with replacement serial numbers. It is thought that there are over 150,000 $1,000 bills left unredeemed, and over 250,000 $500 bills are available to collectors. This is because back in the day, large denomination bills were used sparingly. Fancy serial numbers are those which have a repeating or low number pattern in their make-up, such as 00000001 or 12345678. Why Doesnt The U.S. Print $500 Bills Anymore? The backside of the bill depicts an image of de Soto discovering the Mississippi. Free shipping. All the Federal Reserve Notes produced from Series 1928 up to before Series 1969 (i.e. There is never an issue working with APMEX. Its worth is more than $10,000. These updated designs were released in 2014 to replace their predecessor, the Series 1934 Federal Reserve Note. Large denominations of United States currency. The issuing bank can most easily be determined by looking at the black seal on the front left hand side of the note. Im a huge history nerd I completely nerd-out when it comes to the history behind old paper money. In extremely fine condition the price is around $22,500-30,000. Centering of the margins is still a value factor even on AU paper money. She helped determine the value of my currency collection and the best way to go about selling it! The majority of $500 notes we see are small size high denomination notes from 1928 or 1934. For a note to be graded fine it will be whole with solid paper. When the federal bank notes started to get issued back in 1861, the large denomination bills had a three year interest bearing period. ", "our Treasury FAQs: Denominations of Currency", "Heritage Auctions (#3521) 2013 January 914 FUN Signature Auction", Obsolete United States currency and coinage, Canceled denominations of United States currency, https://en.wikipedia.org/w/index.php?title=Large_denominations_of_United_States_currency&oldid=1147519376, Articles containing potentially dated statements from May 2009, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, All notes have been redeemed, none outstanding, Was never in circulation, therefore cannot legally be held, This page was last edited on 31 March 2023, at 13:57. There are no varieties or star notes for this series so the value will be based on its condition. If you need help determining if your $500 bill is an error note send us a clear picture and well get back to you within 24 hours. If you need help please send us a picture and wed gladly determine the authenticity of your high denomination $500 bill. To learn more, find the section above that talks more in-depth about counterfeit $500s. Wir teilen auch Informationen ber Ihre Nutzung unserer Website mit unseren Social Media-, Werbe- und Analysepartnern. In very fine condition the value is around $15,000-18,500. 1928 SERIES $5.00 FEDERAL RESERVE NOTE FRN - VF+. 1934 A $500 Federal Reserve Note C00033198A FR#2202m The $500 will look poor and its paper very limp. The folks at APMEX are straight shooters. That is the only way were able to identify and determine its value for you. 1928 $500 Federal Reserve Note Uncirculated Poor Margins. 11 When Johnson purchased the Philadelphia Athletics the following year, with plans to move the team to Kansas City, the commissioners office forced him to sell Yankee Stadium to avoid any conflict of interest. Very very easy website to maneuver around. The light green seals sell for a small premium. Speedy delivery And as discribed. Some are only worth $500 if theyre in very poor condition. 1928 $500 Bill Condition: Most high denomination notes were not used in everyday commerce so they tend to be available in high grades. 1928, 1934 and 1934A. 1934 and 1934A $500 bills with stars are valuable, but nowhere near as rare as 1928 $500 stars. Whenever a bank receives one of those bills, theyre instructed to send it in for destruction. Weve made the process extremely simple,contact us todaywed love to chat. The high denomination $500 pictured above doesnt necessarily fall into a specific category of Fancy Serial Number, but it is unique in the sense it has many 0s and 25 dead-center. Another factor when determining value is how equal the margins are overall. For example, we paid $3,000 for the dark green seal pictured above and for the light green we paid $8,250. Many people think $500 bills are fake or dont exist. They are still considered to be legal tender today. However, there are always exceptions. Were known hands down as the most competitive buyers of exactly this type of currency. This is common when it comes to large bills since they are rare bills. The issuing bank is always a factor when trying to determine value. Notes in Uncirculated or better condition receive the best offers. 1928 $500 Bill Seal Color: 1928 five hundred dollar bills come in light green seals and dark green seals. Low serial numbers almost always demand a premium in the currency marketplace. Though the bill has been uncirculated since 1945, its still legal tender. When we do, its very easy to spot. The note will be bright and it will have almost all of its original crispness. Extremely fine- A note that shows small signs of having been in circulation. Thanks for the great shopping experience! :The quick answer is anywhere from most five hundred dollar bills will be worth $650 to $750. Regardless of the grade or appearance, we buy all five hundred dollar bills. - eBay Money Back Guarantee - opens in a new window or tab, Series 1928 $1000 FRN AU53 PMG & Series 1934A $500 FRN EF40 PMG - Lot of 2 Notes, Report this item - opens in new window or tab. A gas powered bike does provide some unique In the 1920s and 1930s, the Bureau of Engraving and Printing even issued bills for $1,000, $5,000 and $10,000. 1928 was the final year that the United States issued gold certificates. Notes issued with the White and Mellon signature combination are also worth more. If you dont want to spend the time, you can always send us a picture of your bill and well give you an exact value. About|Contact|Disclosure|Privacy Policy. Million Dollar Bill: Do They Really Exist? I like shopping with APMEX, my experiences have been good, the shipping fast and the quality of the coins is great. Soiling, stains, splits, tears and paper pulls are all common for the grade. The $500 bills were also used by the banking institutions. The value of these can be as little as a few thousand dollars. [8] In total, 11 different types of U.S. currency were issued in high-denomination notes across nearly 20 different series dates. Please do not contact us if you have a reproduction. These $500s were being pulled from circulation and destroyed by the Federal Reserve. We arent including $500 large size bills in this guide due to their extreme rarity. Free shipping. It is possible through an investing app called Robinhood. 5 External links. Web2 Withdrawal of large denomination bills ($500 and up) 3 References. One of the most valuable $500 bills weve ever purchased was a 1928 $500 star Build Multiple Income Streams: 7 Legit Second Income Ideas, 11 Short-Term Financial Goals Everybody Should Achieve This Year. A Guide Book of United States Paper Money. WebGreen. 1934 $500 Serial Number 2 Federal Reserve Note. The value of a collectors item is really whatever a collector is willing to pay for it. $22.99. [3] Virginia quickly followed suit and authorized the printing of $500 and $1,000 notes on October 16, 1780[4] and $2,000 notes on May 7, 1781. Since 1969, the $500 bill has been officially discontinued according to the Federal Reserve high-denomination bills. The value drops to $500 for a The US paper national currency is ever-changing, and two of the newest additions are the light green and dark green bills. Beginning in July, 1969, the Federal Reserve began removing high-denomination currency from circulation and destroying any large bills returned by banks. Star notes are also available and they are very rare and valuable. In an ideal world, all bills would be printed equally and perfect with perfect margins and no flaws. Numerically fine notes will be graded 12 or 15. The next series of bills were printed between 1928 and 1934. United States Congress. Most 1928 series $500 notes are worth around $1,500 in extremely fine condition. In uncirculated condition the price is around $3,000-4,250 for notes with an MS 63 grade. Collectors typically dont want to spend thousands of dollars for a five hundred, so a VF graded bill is often a sweet price point for many. Weekly silver buy easy as usual another happy customer. :Our price guide only shows the more common $500 bills that most people encounter. User Agreement. Market Loss Policy | The province of North Carolina issued the very first $500 note in May of 1780. Easy transaction, well packaged, and discreet. What is a 1928 $2.00 bill worth series of 1928 D the money number starts with a c and ends with an A: Your answer will be published for anyone to see and rate. What Do Counterfeit $500 Bills Look Like? 1951B New York District at the best online prices at eBay! C00033198A FR # 2202m the $ 500 bills with stars are valuable, but nowhere near as rare 1928! 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