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1928 or 1934 $500 US Bill w/ Holder - 431-514


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431-514 - 1928 or 1934 $500 US Bill w/ Holder
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1928 or 1934 $500 US Bill w/ Holder

The high-denomination bills (together with the $1 through $100 denominations) were issued in 1929 in the smaller size that remains the format to this day. The designs were as follows: $500: William McKinley $1,000: Grover Cleveland For the most part, these bills were used by banks and the Federal Government for large financial transactions. This was especially true for gold certificates from 1865 to 1934.

However, the introduction of the electronic money system has made large-scale cash transactions obsolete. When combined with concerns about counterfeiting and the use of cash in unlawful activities such as the illegal drug trade, it is unlikely that the U.S. government will re-issue large denomination currency in the near future, despite the amount of inflation that has occurred since 1969. According to the US Department of Treasury website, "The present denominations of our currency in production are $1, $2, $5, $10, $20, $50, and $100. Neither the Department of the Treasury nor the Federal Reserve System has any plans to change the denominations in use today."

Please note: This item was a circulated currency and may not be in perfect/mint condition. These bills were removed from circulation so to find them is rare.

Specifications:

  • Coin Type: Currency
  • Material: Paper
  • Denomonation: $500 Dollar
  • Mintage Year: 1928 or 1934
  • Obverse: William McKinley
  • Reverse: Watermelon
  • Manufacturer by American Collectors Mint, LLC.

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