10/07/2026
Today's Feature: 1969 $500 Federal Reserve Note, Series 1934A - ANA 2023.3.23 | Object: # 194 🇺🇸
In 1969, America’s big bills reached the end of the line. The $500, $1,000, $5,000, and $10,000 Federal Reserve notes had last been printed in 1945, but existing supplies continued to be issued for another 24 years. By then, checks and improved bank-transfer systems had largely replaced the transactions for which high-denomination currency was once useful. On July 14, 1969, the Treasury and Federal Reserve announced that denominations above $100 would no longer be issued.
This Series 1928A $500 Federal Reserve Note, bearing the signatures of Treasurer Walter O. Woods and Treasury Secretary Andrew W. Mellon, represents the kind of large-denomination currency that was disappearing. After 1969, high-denomination notes returned to Federal Reserve Banks were withdrawn from circulation rather than reissued, steadily reducing the number available to collectors. They were never demonetized, however. This not remains legal tender for $500 today—but its scarcity, age, condition, and collector demand give it a value of more than 10 times its face.
đź’¬ This $500 bill is worth more than ten times face to collectors. What note have you owned that dramatically outgrew its denomination?
Explore our (R)evolution in Currency features online today: https://www.money.org/money-museum/america250/