The Truth about 500 Dollar Bill
Have you ever heard about a 500 US dollar bill? Is there really such thing as a 500 dollar bill? It is quite undeniable that there are only seven dollar bill denominations in these days. These seven denominations are the 1 dollar bill, 2 dollar bill, 5 dollar bill, 10 dollar bill, 20 dollar bill, 50 dollar bill, and 100 dollar bill. However, there are still other higher denominations of US dollar bills in existence during the 1920’s. As a matter of fact, one of the highest denomination dollar bills in those times is the 500 US dollar bill.
There are actually a lot of questions which come into place when talking about the 500 dollar bill. The following are just some of the most commonly asked questions:
- Is there really a 500 US dollar bill?
Yes, there is really a 500 US dollar bill. In point of fact, the first ever 500 dollar bills were printed in 1928 with the face of President William McKinley in the front area of the bill.
- Is 500 dollar bill still in circulation?
Obviously, 500 US dollar bills are already not into circulation in these modern times. In fact, the last printing of such dollar bills was in 1945. And in July 14, 1969 its circulation was formally discontinued in pursuant to the announcement made by the Federal Reserve System as well as by the Department of the Treasury.
- Is 500 US dollar bill still available today?
In these days, there are only very few 500 US dollar bills which are available. Nevertheless, these bills are only good as collector’s items and not as part of the US currency. In this regard, it is just safe to say that you can still see a 500 dollar bill in the hands of US dollar bill collectors.
Indeed, there are some questions which need to be answered when it comes to the 500 dollar bill. This is due to the fact that not all people have vast knowledge about the said dollar bill as well as not all people have seen with their own eyes a $500 bill. Nonetheless, the answers to the questions stated above can be of great help on your part to fully understand the reality about the 500 US dollar bill.
Filed under: 500 Dollar Bill Information
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