The Real Story Behind the 500 Dollar Bill
It is quite irrefutable that the highest US dollar bill denomination in this day and age is the 100 dollar bill. However, are you aware that back in the 1920’s, 100 dollar bill is not the highest denomination of US dollar bill in existence? This is really true because of the fact that there are other higher-denominations of US dollar bills in existence during those times. As a matter of fact, one of these higher denominations is the 500 dollar bill.
There are actually a lot of questions associated about the 500 dollar bills. Some of the most frequently asked questions are the following:
- Who is the US president printed on the 500 US dollar bill?
President William McKinley, who is the twenty-fifth president of the US, is the US president printed on the front side of the 500 US dollar bill.
- When was the 500 US dollar bill printed?
The first ever 500 dollar bill was printed on 1928.
- Is 500 US dollar bill still in circulation at this very moment? Why?
Unfortunately, the $500 dollar bill is not into circulation anymore since July 14, 1969. It was actually used in illegal drug transactions in the early times. In this regard, the Department of the Treasury has decided to discontinue the circulation of the said dollar bill in pursuant to the executive order made by President Richard Nixon in order to eradicate the illegal acts of drug traffickers.
Indeed, one of the higher denominations of US dollar bills ever existed in 1928 is the 500 dollar bill. Its design includes the portrait of President McKinley. Nevertheless, the circulation of the said bill was halted in 1969 due to some valid reasons as stated above.
Filed under: 500 Dollar Bill Information
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