What can you buy with a $500 Bill?

rsz_1500This is a Scarce 1934 $500 Federal Reserve Note in Deluxe Capital Holder and in very fine grade.

This specific bill was first minted on 1928 with President William McKinley on the portrait and then was discontinued on 1934. On 1969, David M. Kennedy, Secretary of Treasury, announced that they stop would distributing currency in denominations of $500, $1000, $5000 and $10,000. While these notes are legal tender and may still be found in circulation today, the Federal Reserve Banks remove them from circulation and destroy them as they are received. So may not find many of this bill anymore.

It’s currently up for auction and current bid (as of writing) is now at $1,498.41, a whopping 3x it’s value 80 years ago!


It is no longer accepted in stores today — but think of it as an investment for the future. You could either keep it or sell it.

If you have this scarce piece of history, what would you buy with it? 

Submit a Comment

Your email address will not be published. Required fields are marked *