The Federal Reserve Note Series was not in production for long in the United States before several changes took place in the program. Introduced in two waves in 1914 and 1918, the Federal Reserve Notes were initially offered in the large-sized format before being downsized in the 1920s and then redesigned, for certain denominations, in the 1930s. Among the notes to be redesigned was the $500 Federal Reserve Note. Today, 1934 $500 Federal Reserve Notes are available to you online at Silver.com in certified condition.
Note Highlights:
- Available to ship to you inside individual plastic sleeves!
- Last designs to feature on the $500 Federal Reserve Notes!
- Availability of certified notes is limited!
- The face value is $500 (USD).
- Graded About Uncirculated 50.
- On the obverse is President William McKinley.
- The reverse side includes the denomination and nation of issue.
In 1918, the Federal Reserve and Treasury issued massive denominations in the Federal Reserve Note Series to better facilitate the transfer of cash between banks. These notes included $500, $1,000, $5,000, and $10,000 denominations. The notes show signs of wear and tear as a result of handling during bank transfers, but rarely saw the degradation through use that smaller notes experienced.
All of the 1934 $500 Federal Reserve Notes available here are About Uncirculated 50, or better, in terms of condition. The notes are held in plastic sleeves to protect the condition. Each one has modest signs of wear and tear, with one or two heavier fold lines. Though these notes were not broadly circulated, remaining specimens are relatively rare as the Treasury and Federal Reserve collected the notes in the 1970s and destroyed the majority of specimens.
On the obverse of 1934 $500 Federal Reserve Notes, you will find an effigy of President William McKinley. President McKinley was first elected to office in 1896 as the 25th President of the United States and won reelection during the General Election of 1900. However, he was assassinated in 1901, just months after winning a second term in office.
The reverse of the 1934 $500 Federal Reserve Note comes with simple depictions of the denomination and the nation of issue. Previously, these notes had featured a detailed vignette on the reverse, but this was replaced in 1934 with the simpler nation of issue and face value markings.
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