Few people realize that there where once currency denominations in the US over $100 but there are none currently available from the Dept. Of the Treasury, the Federal Reserve, or the Bureau of Engraving and Printing. Back on July 14, 1969, the Department of the Treasury and the Federal Reserve System announced that currency notes in denominations over $100 ($500, $1,000, $5,000, and $10,000) would be discontinued due to lack of use. They were last printed in 1945 but were issued until 1969.
It would be rare to find a $500 US currency note outside of the collector's circles in today's market. These notes are legal tender and could be found in circulation today. But, most notes still in circulation are probably in the hands of private numismatic dealers and collectors. If you are interested in purchasing or learning more about the larger denominations like the $500 bill, many resources are available online & at your local library.
As with all discontinued mints and presses of US currency, the value of these discontinued bills has risen considerably. These rare bills are currently marketed at a range of $700 - $2500 on auction sites and with collectors, well above their face value. While for many passionate collectors, value has little weight and the rarity or design makes it a unique treasure that they enjoy for as long as they possess it.
Collectors are sometimes the fondest of the older notes while others appreciate a specific artist's work on the design of that note. Whatever their preference, collectors all flock to the rare and elusive gems tucked away behind old paintings or stuffed in the back of Great Grandma's sock drawer. If you ever do come across one in general circulation, make sure it's real and hold on to it if you can, or sell it for a healthy profit. Any serious numismatic collector would love to get a hold of a genuine US $500 bill.
It would be rare to find a $500 US currency note outside of the collector's circles in today's market. These notes are legal tender and could be found in circulation today. But, most notes still in circulation are probably in the hands of private numismatic dealers and collectors. If you are interested in purchasing or learning more about the larger denominations like the $500 bill, many resources are available online & at your local library.
As with all discontinued mints and presses of US currency, the value of these discontinued bills has risen considerably. These rare bills are currently marketed at a range of $700 - $2500 on auction sites and with collectors, well above their face value. While for many passionate collectors, value has little weight and the rarity or design makes it a unique treasure that they enjoy for as long as they possess it.
Collectors are sometimes the fondest of the older notes while others appreciate a specific artist's work on the design of that note. Whatever their preference, collectors all flock to the rare and elusive gems tucked away behind old paintings or stuffed in the back of Great Grandma's sock drawer. If you ever do come across one in general circulation, make sure it's real and hold on to it if you can, or sell it for a healthy profit. Any serious numismatic collector would love to get a hold of a genuine US $500 bill.
